We use cookies
to help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Global energy leaders signal optimism at Abu Dhabi CEO roundtable

Global energy leaders signal optimism at Abu Dhabi CEO roundtable

Dr. Sultan Ahmed Al Jaber, UAE Minister of State and group CEO of the Abu Dhabi National Oil Company (Adnoc) hosting the special virtual edition of the Abu Dhabi CEO Roundtable.

Abu Dhabi: Global energy giants representing the world’s leading oil, gas, and petrochemical companies sounded cautious optimism on the state of the global economy and the uptick in demand for energy as they convened at a special virtual edition of the Abu Dhabi CEO Roundtable.

The exclusive, invitation-only event marked the fifth edition of the Abu Dhabi CEO Roundtable and was hosted by Dr. Sultan Ahmed Al Jaber, UAE Minister of State and group CEO of the Abu Dhabi National Oil Company (Adnoc).

This virtual edition of the Abu Dhabi CEO Roundtable provided an important opportunity for leaders of the world’s oil, gas, and petrochemical industries to share best practices around critical issues, as we navigate the post-COVID-19 period in a fast-evolving energy landscape

Dr. Sultan Ahmed Al Jaber, UAE Minister of State

The roundtable offered an excellent platform to share valuable lessons on how to ensure the safety of our people, the resilience of our business, and the long-term growth of our industry.

Dr. Sultan Ahmed Al Jaber, UAE Minister of State

Among the key discussions included the short and medium term outlook on oil market dynamics as the world continues to grapple with the pandemic, and the need for energy companies to transition towards a strategy of providing energy with fewer emissions in the long term.

I would say in Europe today we are more optimistic because we are getting out of the lockdown and honestly in our industry, the consumption of energy is going up quite quickly.

Patrick Pouyanne, chairman and CEO, Total

We can see that in electricity, in power supply we were down 20 per cent. We are now back almost to normal market levels. In our fuels business, we are still not at standard levels, but demand is coming back quite quickly.

Patrick Pouyanne, chairman and CEO, Total

Bernard Looney, CEO of BP – which recently announced non-cash impairment charges and write offs for the second quarter ranging from $13 billion to $17.5 billion - said the market continued to remain volatile, and that companies would need to react accordingly.

I do think the response has probably been a bit quicker than we expected. I think that’s a good thing. As ever, we don’t know what the future holds.

Bernard Looney, CEO, BP

And while I’m optimistic about it, I’m only optimistic because we are very focused on the things we control – getting our business in shape…with discipline. So, optimistic but we don’t know and therefore we’re focused on what we control

Bernard Looney, CEO, BP

Relevant news

GO NET ZERO ENERGY
bp, ADNOC and Masdar to form strategic partnership to provide clean energy solutions for UK and UAE
bp, ADNOC and Masdar have signed three agreements with the potential to lead to billions of dollars of investment into clean and low carbon energy.
GO NET ZERO ENERGY
Adnoc sells first blue ammonia cargo to Japan’s Itochu
Adnoc, has sold its first blue ammonia cargo to Japanese trading company Itochu.
GO NET ZERO ENERGY
ADNOC keen to explore potential of hydrogen market with India’s public and private sectors
(ADNOC) is keen to explore the Hydrogen market with India’s public and private sectors to support India’s growing demand for energy and need for cleaner fuels.
GO NET ZERO ENERGY
Abu Dhabi’s ADNOC and Petronas to collaborate on big energy projects
ADNOC plans to collaborate with Petronas in the production of conventional and unconventional hydrocarbon resources.
Total and ADNOC Plan Seismic Drone Project
Total and ADNOC reported that they are collaborating in a pilot project to deploy what they contend.
ADNOC partners with Group 42 to establish a new joint venture company
ADNOC has partnered with Group 42 to establish a new joint venture company – AIQ.