Dec. 13, 2007


Description

In the “Age of Energy Supply Anxiety” concerns about energy security have stimulated a global scramble to secure oil and gas resources.  In addition to fostering a high and volatile oil and gas price environment, the anxieties are accompanied by significant changes in the competitive landscape that challenge the industry’s ability to develop oil and gas resources in pace with demand. Challenges with respect to this scramble for resources and energy security include:

  • Increasing state control of oil and gas resources
  • Elevated political risks and uncertainties in key producing countries
  • Soaring costs accompanied by shortages of rigs, crews and materials
  • Increasing anti-hydrocarbon actions and climate change policies

North American E&P is impacted by these global factors and must cope with a daunting paradox whereby regulations and policies to address environmental and climate change concerns increasingly override energy developments that are critical to fuel our economy. At a time when increased drilling is required to even sustain domestic gas production, regulations and legal actions impede access to resources on the one hand and also deny permits to expand LNG imports on the other. Even though Canada’s oil sands provide secure and growing oil supplies both Canadian and U.S. climate change initiatives propose substantial greenhouse gas emission controls that could impede the growth of these critical supplies. Companies are adopting manufacturing approaches and streamlining their business processes to optimize unconventional oil and gas developments while also reducing environmental impacts across the supply chain. New technologies are critical to improve recoveries, efficiencies and deliverability while reducing emissions and the environmental footprint. Even though the U.S. did not sign the Kyoto Accord climate change has captured the political mind share and legislation to impose substantial carbon reduction goals is emerging. The petroleum industry has successfully implemented collaborative practices to address local and regional community and environmental concerns. Similar collaboration is needed to balance energy requirements with national and global climate change policies. This presentation will examine these competitive trends and challenges and their impacts on US E&P industry operations.



Featured Speakers

Speaker: Philip H. (Pete) Stark, Ph.D.
Speaker Philip H. (Pete) Stark, Ph.D.
Vice President, Industry Relations IHS, Denver    Pete Stark is Vice President of Industry Relations for the energy operating segment of IHS in Englewood, Colo. Prior to joining IHS in 1969, Stark was a geological computing coordinator for Mobil Oil. Pete is the architect and moderator of the IHS Perspectives …

Vice President, Industry Relations
IHS, Denver



  

Pete Stark is Vice President of Industry Relations for the energy operating segment of IHS in Englewood, Colo. Prior to joining IHS in 1969, Stark was a geological computing coordinator for Mobil Oil.


Pete is the architect and moderator of the IHS Perspectives events — global forums designed to provide insight and analysis on industry activity — and advisor to the company’s Expert Source Program, a formal thought-leadership program.


A prolific writer and speaker, Pete has authored papers and presentations on E&P databases, hydrocarbon shows, horizontal drilling, US natural gas productivity, global energy supply and demand, giant fields, unconventional oil and gas and global petroleum E&P trends. He is frequently quoted in business and trade media, including the Wall Street Journal, The Economist and The American Oil & Gas Reporter, on global energy issues.


He currently serves on the board of the American Association of Petroleum Geologists (AAPG) International Pavilion and on the AAPG Resource Evaluation and Corporate Advisory Committees. Previously, he was chairman of the Board of Visitors for the University of Wisconsin Department of Geology and Geophysics. Pete is a member of the AAPG, Houston Geological Society (HGS), Rocky Mountain Association of Geologists (RMAG) and International association of Energy Economists (IAEE).


Pete holds a bachelor’s degree in geology from the University of Oklahoma and masters and doctorate degrees in geology from the University of Wisconsin. The University of Wisconsin Department of Geology and Geophysics honored Pete’s contributions to the university and profession with a Distinguished Alumni Award.




Full Description



Organizer

Barry Faulkner


Date and Time

Thu, Dec. 13, 2007

11:30 a.m. - 1 p.m.
(GMT-0500) US/Central

Event has ended

Location

Petroleum Club, 43 Floor, ExxonMobil Building

800 Bell Street
Houston, Texas 77002
USA