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8:30 am – 10:00 am • Ballroom A Meeting growing energy demand over the coming decades will be a difficult challenge. The traditional focus on below-ground geological and development risk is shifting to a focus on a myriad of above-ground risks including access, geopolitics, investment frameworks, and infrastructure and human capital deployment. This panel will explore the new and emerging above-ground constraints and opportunities to understand the vulnerabilities and prospects of different parts of the energy supply system.
10:30 am – 12:00 pm • Ballroom A
Dynamic changes in fuels and technologies, sources of supply and delivery systems have increased uncertainty in the energy business. For North America in particular, new infrastructure will be needed to deliver energy from remote areas via LNG, Canadian tar sands, unconventional resources in the western USA and deep water Gulf of Mexico. Increasing tensions in the Middle East and an increasingly assertive Russia have added new uncertainties. Nevertheless, energy delivery systems must be built and financed. The panelists will address ways of coping with these uncertainties based on their own substantial industry experience.
10:30 am – 12:00 pm • Ballroom B
Session description coming soon.
7:00 am – 8:30 am • Ballroom C
What do major oil companies see as key energy market trends in the medium to long term, and how are they planning for the future? Speakers from Exxon, BP and Chevron will share their thoughts on the outlook for energy supply and demand, and for the changing structure of the industry. Issues to be discussed are likely to include the increasing role of national oil companies; changing government agendas in consuming countries; potential choke points in the supply chain; the clash between a tightening and lightening product barrel and heavier, sourer crudes; and emerging sources of energy such as renewables or bio fuels. These and other critical questions for the energy industry should provide a rich menu to accompany your breakfast on Tuesday morning.
8:30 am – 10:00 am • Ballroom A
The LNG plenary session will center on the uncertainties and constraints that may be faced, as well as their likely impacts, as North America becomes increasingly connected to international natural gas markets. Issues to be discussed include international trends and potential geopolitical factors, the development of LNG liquefaction and upstream capability, the ability of existing and planned infrastructure to mitigate regional market dislocations and facilitate increased North American LNG imports, and legal and regulatory impediments to the development of North American LNG import infrastructure.
8:30 am – 10:00 am • Ballroom B
The panel will address the development of electricity supply infrastructure such as generation, transmission lines, and intelligent grid systems with a focus on the perspectives of potential investors. The panel will also explore how electricity market design affects infrastructure investment and the infrastructure needed to allow demand to be more responsive to variations in the cost of supply.
1:30 pm – 3:00 pm • Ballroom A
This session will examine the ways in which energy policy changes of recent years in the U.S. (Energy Policy Act 2005), Mexico and Canada, are changing the regulatory landscape of the power sector and of associated fuels and technologies. Are the three nations moving towards increased regulatory efficiency, reduced legal uncertainties, improved market competition, a more level playing field for fuel and technological choice and more effective infrastructure siting practices?
1:30 pm – 3:00 pm • Ballroom B
The session will examine the state of energy trading in the US, including the role of commercial and investment banks, hedge funds and integrated oil companies in assisting recovery from the collapse induced by the financial difficulties of Enron and merchant energy companies. The vulnerability of energy markets to manipulation, and the importance of vigorous market oversight and correct market design, will also be discussed. Electricity market deregulation in California and Texas will be used to illustrate critical issues and arguments.
8:30 am – 10:00 am • Ballroom A
Global energy markets are in transition: new resources will be brought to market, new competitors are emerging and new business models will be developed. This will place new demands on the industry's human capital at a time when a large proportion of the industry's technical talent is approaching retirement age. This panel will outline the challenge ahead, discuss the consequences of failure to act, suggest how technology and organizational design can help bridge the demographic gap and review actions that the industry is currently taking.
8:30 am – 10:00 am • Ballroom B
This session will address how best to communicate complex technical information on energy issues -- in the media, in the college classroom, to the general public and to specific audiences such as Congress and other policy makers.
10:30 am – 12:00 noon • Ballroom A
Session description coming soon.
10:30 am – 12:00 noon • San Felipe A & B
Wholesale competition in the Texas electricity market started in 1995 with retail choice following in 2002. Not only large industrial but also small residential users can choose their electricity suppliers. Although competition seems to be flourishing, prices are higher than the US average and there is evidence of inefficiency. Texas is now moving from a zonal to a nodal market design and many are concerned that this will further complicate what is already a complex system. This session will discuss the Texas restructuring experience, key market characteristics and introduce expected changes associated with the nodal system.
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