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  2. 2018 Wood Mackenzie Tokyo Upstream Forum

2018 Wood Mackenzie Tokyo Upstream Forum

  • Tokyo, Japan
Over the past few years, oil companies have scrambled to reduce their cost base to remain afloat during the down-turn. Today, oil prices have recovered and we expect Brent to average US$75/bbl in 2018. The US$160bn of free cash flow generated this year by the 48 IOCs and NOCs covered by our Corporate Service serve as an indicator of the financial health for upstream companies, and most of our conversations with oil companies have begun to focus around growth and investment in the industry. They key questions remains, are oil prices expected to remain at current levels? If so, what are the opportunities and how should companies invest to ensure its portfolio remains resilient going forward? In our 2018 Tokyo Upstream Forum, we seek to address these key questions by conversing our outlook for the energy commodity markets, current industry trends and our views for one of most important supply regions in our world today, North America. Last but not least, no forum is complete without a discussion about the impending energy transition and its impact on the energy companies of today.

Agenda

  • 06 November 2018

    • Registration

    • Welcome and Introduction

      Speakers

      • Simon Flowers was appointed Chairman, Energy for Wood Mackenzie in April 2016. He has led the commodities, global trends and corporate analysis research over the last few years and has been Chief Analyst since July 2015. He writes ‘The Edge’, Wood Mackenzie’s weekly thought-leadership insight on oil and gas. Simon re-joined Wood Mackenzie in 2010, and has over 20 years of experience in the oil, gas, utilities and mining sectors, working with the boards of many energy companies on strategic issues. His views on major industry issues are regularly sought by the media in Europe, the US and Asia. Simon was MD and Head of Pan European Utilities Research with BAML from 1998, covering the major European utilities. The team was Top 3 ranked in the sector for over a decade and Simon was involved in most of the major European privatisations in the sector during this period, including Enel, EdF and GdF. Simon was a No.1 ranked oil analyst with NatWest Markets 1992-98. Prior to joining NatWest, he had worked for Ord Minnett Securities in Sydney as an energy and mining analyst in the Australian market. Simon graduated in geology from the University of Edinburgh, and worked for two years as a geologist in the oil industry working in the Netherlands and offshore Egypt. Simon originally joined Wood Mackenzie in 1983 as an analyst in the North Sea and NW Europe Services.

    • 1st session: Macro Environment

      • Oil markets: demand, non-OPEC supply, OPEC politics, escalating above ground risks
      • Longer term: EVs, peak oil demand, investment and cost of supply
      • Global gas: LNG demand, US supply, investment in new LNG capacity

      Speakers

      • Simon Flowers was appointed Chairman, Energy for Wood Mackenzie in April 2016. He has led the commodities, global trends and corporate analysis research over the last few years and has been Chief Analyst since July 2015. He writes ‘The Edge’, Wood Mackenzie’s weekly thought-leadership insight on oil and gas. Simon re-joined Wood Mackenzie in 2010, and has over 20 years of experience in the oil, gas, utilities and mining sectors, working with the boards of many energy companies on strategic issues. His views on major industry issues are regularly sought by the media in Europe, the US and Asia. Simon was MD and Head of Pan European Utilities Research with BAML from 1998, covering the major European utilities. The team was Top 3 ranked in the sector for over a decade and Simon was involved in most of the major European privatisations in the sector during this period, including Enel, EdF and GdF. Simon was a No.1 ranked oil analyst with NatWest Markets 1992-98. Prior to joining NatWest, he had worked for Ord Minnett Securities in Sydney as an energy and mining analyst in the Australian market. Simon graduated in geology from the University of Edinburgh, and worked for two years as a geologist in the oil industry working in the Netherlands and offshore Egypt. Simon originally joined Wood Mackenzie in 1983 as an analyst in the North Sea and NW Europe Services.

    • 2nd session: North America Supply

      • L48 supply growth, costs
      • Risks to the longer term growth
      • GoM, Alaska, Canada

      Speakers

      • Benjamin works as an analyst on the Lower 48 team at Wood Mackenzie. His responsibilities include developing asset valuations, analysing corporate landscape, forecasting expenditures and production, and consulting. His work within the Permian includes pulling the plays apart at a sub-play level and providing granular reports detailing the landscape of the region.Benjamin earned a Bachelors Degree in International Business from Northwest Missouri State University. He also holds an MBA and Masters in Petroleum Economics from the University of Oklahoma and French Institute of Petroleum. While studying in at the petroleum institute he focused on modelling global upstream fiscal regimes and project evaluation.

    • Coffee Break & Networking

    • 3rd session:Upstream Industry Trends

      • Is the upstream industry investing enough?
      • The resurgence in exploration – is it here to say?
      • M&A – what are the opportunities?

      Speakers

      • Joshua Ngu is part of the Wood Mackenzie consulting team based in Singapore and has more than six years of experience in advising clients in the energy sector. Joshua is a thought leader in the sector, leveraging his extensive cross-sector knowledge. He strong believer in an integrated and holistic approach when delivering solutions to his clients. Joshua has developed and led various consulting engagements in the areas of corporate strategy, M&A, valuation and transaction support. These include commercial due diligence work for oil storage terminals and fuels distribution businesses in Asia Pacific and the Middle East, refinery and upstream asset valuations, Asia IPP entry strategy, Southeast Asia LNG arbitrage strategy and upstream asset opportunity screening. Joshua had previously worked as an investment banking analyst at a global bank, advising on corporate finance and M&A in the natural resources sector. He had also worked at EON Energy Trading in Germany, where he was part of the commodity fundamental analysis team. Joshua graduated from University of Applied Sciences in Mannheim, Germany with a master’s degree in Engineering Management.

    • 4th session: Global Energy in Transition

      • Energy transition: changing energy mix, barriers and enablers
      • Wood Mackenzie Carbon Constrained Scenario
      • Corporate positioning in New Energy

      Speakers

      • Akif is an analyst in the Commodity Analytics team at Wood Mackenzie. Based in London, he joined Wood Mackenzie in 2015. Akif is a core member of the team that analyses upstream carbon emissions and that delivered the “Positioning for the future:  Benchmarking corporate upstream emissions and value at risk” multi-client study and data tool. His responsibilities also include covering country-level, cross-commodity, energy fundamentals as part of Wood Mackenzie’s Energy Markets Service. Prior to Wood Mackenzie he has worked as an Equity Analyst at BAML and then as an Investment Manager at Low Carbon Investors Limited. He has also worked for the UN’s Principles for Responsible Investment focused on integrating Environmental, Social and Governance (ESG) factors into private equity investment decision making. He holds a BA in Economics from Cambridge University and a MSc in Environment and development from London School of Economics and Political Science.

    • Panel Discussion with Q&A

    • Networking Dinner& Drinks

Fees

If you are not a client please use the enquiry form at the top of this page to register your interest in attending.