ADIPEC Experiencing Record Bookings from Russia and Central Asia
CEO-Level Delegations from Russia’s Top Oil and Gas Companies, National Pavilion More Than Five Times the Size of 2016
Growing Industry Seeks Greater Access to International Markets
Abu Dhabi, UAE – 17 October 2017 – Leading companies from the largest oil producing region outside OPEC, the Commonwealth of Independent States (CIS), will be increasing their presence at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), targeting the event as a hub for global deal-makers.
Two of Russia’s biggest oil and gas companies – Lukoil and Gazprom – have each confirmed substantial exhibition areas, with CEOs and other top-level decision makers leading their company delegations and taking part in strategic conference panels. They will be the biggest names among more than 30 Russian companies attending, many of them hosted at a Russian pavilion covering almost 600 square metres of exhibition floorspace – almost six times the size of last year’s 105 square metre pavilion.
They will be joined by resource owners from other CIS members, including Kazakhstan, Uzbekistan and Azerbaijan, as well as by oilfield services companies from the region. Based in countries that were once part of the Soviet Union, they will be using ADIPEC as a gateway to international expansion.
“Russia is among the top 10 countries of the world in terms of oil reserves, and this has supported the growth of a highly sophisticated petroleum industry, from exploration and production, through to oilfield technology and services, transit, refining, distribution, and sales,” said Lukoil President Vagit Alekperov. “Russian companies are now actively expanding their international operations, and ADIPEC offers them access to global partnerships, including for new resources, new markets, and new investment.”
Alongside the big oil and gas producers, other well-known industry names attending ADIPEC include SCADTech, Revalve (PKTBA in Russia), Intra, Transneft Diascan, OZNA, GazNefteMash, and PTPA. The Skolkovo innovation, science and technology cluster, based just outside Moscow will also be an exhibitor.
Stretching from the edge of Europe, into Central Asia, and across Siberia into the Russian Far East, oil and gas projects in the CIS area have already attracted substantial investment from multinationals. Alongside the Western oil majors and supermajors, the region features a strong presence from other parts of Asia. Companies working in the region include Petronas from Malaysia, China National Petroleum Corporation (CNPC), Korea National Oil Corporation, and ITOCHU and INPEX from Japan.
As the industry moves beyond resource extraction, local NOCs and private oil companies are using their assets to move deeper into midstream and downstream sectors, as well as expanding beyond their borders.
Russia’s three largest operators lead this transformation. Rosneft, Lukoil and Gazprom now hold exploration, production and processing operations across the CIS and beyond, from Latin America to the North Sea, and from Africa to India and Southeast Asia. They have made significant investments in the MENA region, including in Iraq, Egypt and Libya, and are negotiating for projects in other countries. Lukoil has expressed interest in Abu Dhabi’s offshore leases when these are extended from 2018.
“ADIPEC is an essential destination for global oil and gas companies, so it makes sense that the big companies from the CIS come here,” said Ali Khalifa Al Shamsi, Al Yasat CEO and ADIPEC 2017 Chairman.
“We are located at the heart of the world’s most important oil and gas suppliers, so the biggest international customers, service companies, and investors, all come to ADIPEC, and they all bring their most senior people. We have a very strong presence from Asian markets, from India to China. ADIPEC is an opportunity to reach all of these of these markets and find new partners around the globe. Most importantly, the people who network at ADIPEC are the decision makers and they are here to do business.”
For companies from the CIS, partnerships to be found in Abu Dhabi can help drive the next evolution of their global business. While mainly driven by economic factors, diplomatic and political concerns are also motivating Russian businesses to look away from the United States or European Union. Cooperation with Asian partners, and with China in particular, is the most immediate priority.
China’s ambitious ‘New Silk Road’ project will improve trade links through Central Asia, with massive investment in new East-West land transport corridors passing through China, Mongolia, Russia, Kazakhstan, Uzbekistan, Turkmenistan, and Azerbaijan, as well as Iran, Pakistan, and Turkey. The plan aims to revive the importance of historic overland links between East Asia and Europe, while also improving cross-border trade and investment between countries along the route.
For petroleum industries, new pipelines currently under construction between Russia and China are projected to add an extra 15 million tonnes of oil and 38 billion cubic metres of natural gas into the Chinese market per year. They are being built by ADIPEC-sponsor, the China National Petroleum Corporation (CNPC). CNPC has oil and gas operations in all the main CIS producer nations, across the Middle East, and both North and Sub-Saharan Africa among its global operations, involved in production, oilfield services, and construction.
“Business and trade links across the region are extremely dynamic, and oil and gas businesses are highly interconnected,” said Christopher Hudson, President – Global Energy at dmg events. “When you look at recent deals, CNPC has signed a group of agreements with both Rosneft and Gazprom this year, covering upstream, midstream, and downstream operations. That’s why ADIPEC is so important. It provides a time and place each year where the giants of oil and gas come together, whether they are the established supermajors of the West or the emerging powers of the East.”
To be held under the theme ‘Forging Ties, Driving Growth’, ADIPEC 2017 is expected to host more than 10,000 delegates, 2,200 exhibiting companies, 900 speakers, and in excess 100,000 visitors from 135 countries.
ADIPEC will be held at Abu Dhabi National Exhibition Centre from 13 to 16 November 2017.
- ENDS –
Held under the patronage of the President of the United Arab Emirates, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, and organised by the Global Energy division of dmg events, ADIPEC is the global meeting point for oil and gas professionals. Standing as one of the world’s top energy events, and the largest in the Middle East and North Africa, ADIPEC is a knowledge-sharing platform that enables industry experts to exchange ideas and information that shape the future of the energy sector. The 20th edition of ADIPEC takes place from 13-16 November at the Abu Dhabi National Exhibition Centre (ADNEC). ADIPEC 2017 is supported by the UAE Ministry of Energy, Masdar, the Abu Dhabi National Oil Company (ADNOC), the Abu Dhabi Chamber, and the Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi). dmg Global Energy is committed to helping the growing international energy community bridge gaps by bringing oil and gas professionals face to face with new technologies and business opportunities.
For media enquiries, please contact:
Senior Marketing Manager, DMG Events Global Energy
Twofour54, Park Rotana Offices, 6th Floor
PO Box 769256, Abu Dhabi, UAE
T: +971 (0)2 6970 515
T: +971 4 275 4100
Mark Robinson (English): +971 (0)55 127 9764
Feras Hamzah (Arabic): +971 (0)50 798 4784
For more info: http://www.adipec.com/
Something interesting to share?
Join NrgEdge and create your own NrgBuzz today
The global oilfield scale inhibitor market was valued at USD 509.4 Million in 2014 and is expected to witness a CAGR of 5.40% between 2015 and 2020. Factors driving the market of oilfield scale inhibitor include increasing demand from the oil and gas industry, wide availability of scale inhibitors, rising demand for biodegradable and environment-compatible scale inhibitors, and so on.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=268225660
The oilfield scale inhibitor market is experiencing strong growth and is mainly driven by regions, such as RoW, North America, Asia-Pacific, and Europe. Considerable amount of investments are made by different market players to serve the end-user applications of scale inhibitors. The global market is segmented into major geographic regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market has also been segmented on the basis of type. On the basis of type of scale inhibitors, the market is sub-divided into phosphonates, carboxylate/acrylate, sulfonates, and others.
Carboxylate/acrylic are the most common type of oilfield scale inhibitor
Among the various types of scale inhibitors, the carboxylate/acrylate type holds the largest share in the oilfield scale inhibitor market. This large share is attributed to the increasing usage of this type of scale inhibitors compared to the other types. Carboxylate/acrylate meets the legislation requirement, abiding environmental norms due to the absence of phosphorus. Carboxylate/acrylate scale inhibitors are used in artificial cooling water systems, heat exchangers, and boilers.
RoW, which includes the Middle-East, Africa, and South America, is the most dominant region in the global oilfield scale inhibitor market
The RoW oilfield scale inhibitor market accounted for the largest share of the global oilfield scale inhibitor market, in terms of value, in 2014. This dominance is expected to continue till 2020 due to increased oil and gas activities in this region. The Middle-East, Africa, and South America have abundant proven oil and gas reserves, which will enable the rapid growth of the oilfield scale inhibitor market in these regions. Among the regions in RoW, Africa’s oilfield scale inhibitor market has the highest prospect for growth. Africa has a huge amount of proven oil reserves and is one of the leading oil producing region in the World. But political unrest coupled with lack of proper infrastructures may negatively affect oil and gas activities in this region.
Major players in this market are The Dow Chemical Company (U.S.), BASF SE (Germany), AkzoNobel Oilfield (The Netherlands), Kemira OYJ (Finland), Solvay S.A. (Belgium), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Baker Hughes Incorporated (U.S.), Clariant AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Evonik Industries AG (Germany), GE Power & Water Process Technologies (U.S.), Ashland Inc. (U.S.), and Innospec Inc. (U.S.).
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=268225660
Scope of the Report:
Get 10% FREE Customization on this Study @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=268225660
Headline crude prices for the week beginning 9 December 2019 – Brent: US$64/b; WTI: US$59/b
Headlines of the week
In the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), India has the fastest-growing rate of energy consumption globally through 2050. By 2050, EIA projects in the IEO2019 Reference case that India will consume more energy than the United States by the mid-2040s, and its consumption will remain second only to China through 2050. EIA explored three alternative outcomes for India’s energy consumption in an Issue in Focus article released today and a corresponding webinar held at 9:00 a.m. Eastern Standard Time.
Long-term energy consumption projections in India are uncertain because of its rapid rate of change magnified by the size of its economy. The Issue in Focus article explores two aspects of uncertainty regarding India’s future energy consumption: economic composition by sector and industrial sector energy intensity. When these assumptions vary, it significantly increases estimates of future energy consumption.
In the IEO2019 Reference case, EIA projects the economy of India to surpass the economies of the European countries that are part of the Organization for Economic Cooperation and Development (OECD) and the United States by the late 2030s to become the second-largest economy in the world, behind only China. In EIA’s analysis, gross domestic product values for countries and regions are expressed in purchasing power parity terms.
The IEO2019 Reference case shows India’s gross domestic product (GDP) growing from $9 trillion in 2018 to $49 trillion in 2050, an average growth rate of more than 5% per year, which is higher than the global average annual growth rate of 3% in the IEO2019 Reference case.
Source: U.S. Energy Information Administration, International Energy Outlook 2019
India’s economic growth will continue to drive India’s growing energy consumption. In the IEO2019 Reference case, India’s total energy consumption increases from 35 quadrillion British thermal units (Btu) in 2018 to 120 quadrillion Btu in 2050, growing from a 6% share of the world total to 13%. However, annually, the level of GDP in India has a lower energy consumption than some other countries and regions.
Source: U.S. Energy Information Administration, International Energy Outlook 2019
In the Issue in Focus, three alternative cases explore different assumptions that affect India’s projected energy consumption:
EIA’s analysis shows that the country's industrial activity has a greater effect on India’s energy consumption than technological improvements. In the IEO2019 Composition and Combination cases, where the assumption is that economic growth is more concentrated in manufacturing, energy use in India grows at a greater rate because those industries have higher energy intensities.
In the IEO2019 Combination case, India’s industrial energy consumption grows to 38 quadrillion Btu more in 2050 than in the Reference case. This difference is equal to a more than 4% increase in 2050 global energy use.