Join us in Tokyo as we present our latest thinking around the energy transition and its impact on oil and gas, global and Australasian LNG markets, tight oil and conventional projects, and we will discuss how upstream companies are reshaping their strategies amidst a backdrop of growing climate and environmental concerns.
Wood Mackenzie’s integrated energy analysis puts us in a unique position to assess the outlook for the oil and gas industry resulting from the energy transition.
Agenda
31 October 2019
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Registration
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Welcome and Introduction
Speakers
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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.
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Changing energy markets
- Energy transition: future energy mix, challenges to reduce emissions, risks and scenarios
- Oil market short term: supply/demand dynamics, OPEC and geopolitics
- Oil market longer term: EV disruption, peak oil demand, future cost of supplySpeakers
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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.
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Where next for the global gas & LNG market?
- Surviving the oversupply – how low and for how long?
- Is the China LNG market wobbling, what is Russia’s strategy and why the global LNG industry needs Europe
- Exploring the next cycle of LNG supply, contracting and pricingSpeakers
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Gavin joined Wood Mackenzie in 1997, managing the company's Asia Pacific Energy Markets team from 2000-2003. Between 2003-2014 Gavin was based in Beijing managing Wood Mackenzie’s China research. During this time he worked on a range of projects with domestic and international energy companies including the development of international growth strategies, upstream opportunity screening, LNG project evaluation, Chinese provincial gas price forecasting, analysis of the Chinese CBM market, and the influence of China on Pacific Basin gas markets and pricing. Gavin relocated to Wood Mackenzie’s Tokyo office in early 2014 to head Wood Mackenzie’s gas and power research across North East Asia. In 2016 Gavin returned to Beijing to lead Wood Mackenzie’s overall China business. In January 2017 he took up the position of Head of Asia Pacific Research, leading a team of around 100 analysts and in 2019 was made Vice Chairman, Energy for Wood Mackenzie’s Asia Pacific business. He is currently based in Singapore. Gavin graduated from Newcastle University with a first class honours degree in Politics, Economics and Chinese Language.
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Coffee Break
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The impact of the global LNG market on Australasian projects
- The next wave of Australasian LNG
- The dynamics at play in the west and east coast domestic gas markets
- Scope for M&A in the regionSpeakers
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Daniel Toleman joined Wood Mackenzie's Australian Upstream Research team in 2018 as a Senior Analyst. During this time, his focus has been on LNG and gas monetisation, project economics, corporate strategy and industry trends. Daniel has also participated in a wide range of consulting projects including new business development, market advisory, opportunity screenings, and cost benchmarking. Prior to Wood Mackenzie, Daniel worked at Shell Australia across a variety of Planning, Finance and Treasury roles. Dan's qualifications include his CPA (2015), as well as a Bachelor of Laws (LLB), Bachelor of Commerce (B.Com) and a Bachelor of Economics (B.Ec.) (Hons) from the University of Western Australia (2012).
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The big fiscal challenge: competing for investment and getting a fair share
- US tight oil vs conventional projects – how do the values compare?
- How have countries adjusted fiscal rates to attract investment?
- Can governments get a win-win – a fair share for both sides from future developments?Speakers
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Graham has over 30 years’ experience as a petroleum economist, analysing global fiscal systems. In that time, he has advised governments and IOCs on the full range of petroleum taxation matters and has supported industry associations in negotiating appropriate fiscal terms. Graham leads our fiscal information gathering, modelling and reporting and leads our global fiscal systems multi client reports. The latest, “A balancing act: global fiscal trends and benchmarking” draws on his wide experience with governments, most recently in Colombia, Ireland, Newfoundland & Labrador (Canada) and Lebanon. In the past, Graham worked for Petroconsultants, two independent oil exploration companies, and as a Research Fellow in Aberdeen University’s economics department. He is a member of the Association of International Petroleum Negotiators, speaks regularly at industry conferences and leads training in petroleum economics and fiscal analysis around the world. Education M Litt. ‘Oil Field Abandonment in the UKCS’, Aberdeen University MA (Hons) Economic Science, Aberdeen University
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Big themes transforming the upstream industry
- Growth is still a priority but not it's not growth at all cost – how are some of the largest companies growing?
- Environmental impact can no longer be ignored – how does it influence strategic decision-making?
- Race to the bottom: Operational and cost excellence must be a priority
Speakers
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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.
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Panel discussion with Q&A
Speakers
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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.
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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.
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Daniel Toleman joined Wood Mackenzie's Australian Upstream Research team in 2018 as a Senior Analyst. During this time, his focus has been on LNG and gas monetisation, project economics, corporate strategy and industry trends. Daniel has also participated in a wide range of consulting projects including new business development, market advisory, opportunity screenings, and cost benchmarking. Prior to Wood Mackenzie, Daniel worked at Shell Australia across a variety of Planning, Finance and Treasury roles. Dan's qualifications include his CPA (2015), as well as a Bachelor of Laws (LLB), Bachelor of Commerce (B.Com) and a Bachelor of Economics (B.Ec.) (Hons) from the University of Western Australia (2012).
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Graham has over 30 years’ experience as a petroleum economist, analysing global fiscal systems. In that time, he has advised governments and IOCs on the full range of petroleum taxation matters and has supported industry associations in negotiating appropriate fiscal terms. Graham leads our fiscal information gathering, modelling and reporting and leads our global fiscal systems multi client reports. The latest, “A balancing act: global fiscal trends and benchmarking” draws on his wide experience with governments, most recently in Colombia, Ireland, Newfoundland & Labrador (Canada) and Lebanon. In the past, Graham worked for Petroconsultants, two independent oil exploration companies, and as a Research Fellow in Aberdeen University’s economics department. He is a member of the Association of International Petroleum Negotiators, speaks regularly at industry conferences and leads training in petroleum economics and fiscal analysis around the world. Education M Litt. ‘Oil Field Abandonment in the UKCS’, Aberdeen University MA (Hons) Economic Science, Aberdeen University
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Gavin joined Wood Mackenzie in 1997, managing the company's Asia Pacific Energy Markets team from 2000-2003. Between 2003-2014 Gavin was based in Beijing managing Wood Mackenzie’s China research. During this time he worked on a range of projects with domestic and international energy companies including the development of international growth strategies, upstream opportunity screening, LNG project evaluation, Chinese provincial gas price forecasting, analysis of the Chinese CBM market, and the influence of China on Pacific Basin gas markets and pricing. Gavin relocated to Wood Mackenzie’s Tokyo office in early 2014 to head Wood Mackenzie’s gas and power research across North East Asia. In 2016 Gavin returned to Beijing to lead Wood Mackenzie’s overall China business. In January 2017 he took up the position of Head of Asia Pacific Research, leading a team of around 100 analysts and in 2019 was made Vice Chairman, Energy for Wood Mackenzie’s Asia Pacific business. He is currently based in Singapore. Gavin graduated from Newcastle University with a first class honours degree in Politics, Economics and Chinese Language.
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Networking Dinner
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Fees
If you are not a client please use the enquiry form at the top of this page to register your interest in attending.