State and Future of Global Energy

Webster University Geneva Annual Seminar

Co-organized with British Petroleum


Date and Time: 19 June, 18:00 – 20:00

Venue: LLC Hall, Webster University Geneva


This event is free and open to everyone. Please register here.




Global energy issues continue to stay at the forefront of international debates at both policy and business levels.  On one hand, a record number of UN members are recognizing climate change, implying that emissions of hydrocarbons need to be addressed.  On the other, the dramatic fall in prices of crude oil, gas and coal  since 2014, has increased the consumption of hydrocarbons.   While leading energy outlooks expect a decline in share of coal and crude oil in world energy balance, the growth in hydrocarbon production and consumption volumes, albeit at lower pace,  remains in main scenarios. However, that growth can be assured only in case of investments, which recently collapsed due to low prices. So will following increase in prices bring back investments and how OPEC non OPEC cooperation and their competition with shale oil will influence futures prices of oil and gas.

In the meantime technological innovations and perpetual search for more efficient ways of producing and using hydrocarbons and competing energy sources continue to increase pace. 


Recent raise in crude oil prices, will probably partly recover dramatic cuts in investment due to recent episode of fall in prices in 2014-2016. However, abandoned projects and consequent fall in investment during that episode may create supply side shortfalls, and pave the way to new price spikes if the world economy will continue growing at current rates.

The event will start from a keynote, presenting the findings of  BP world energy statistical review and world energy outlook of 2018.

 Afterwards the keynote speaker, moderator and panelists will discuss the presentation and will answer to questions of the audience. In particular, they will address such issues as:


-   What could be the share of hydrocarbons and especially  crude oil  and  natural gas in global  energy balance in coming decades? How fast non fossil energy and especially renewables will grow and thus replace coal and oil?


-  What will be the role of OPEC and non-OPEC cooperation in influencing futures oil and related natural gas price regimes.


-   How can technological innovation and, in particular, the use of ICTs and other new technologies and equipment, affect the energy industry?


-   Can governments influence oil and coal production and consumption to meet the targets of climate change?


-    How will smaller energy companies face regulations and use modern IT and other technologies to stay competitive?




18:00 - 18:10– Registration

18:10 – 18:20- Introductions


Dominique Jolly, Chair of Business and Technology School, Webster University Geneva

Rouben Indjikian, Lecturer in Energy and Commodities, WUG


18:20 - 19:00– Keynote


William Zimmern, Lead Economist, Global Macroeconomics and Energy Transition, BP


19:00 - 19:40 - Panel discussion




Rouben Indjikian, Lecturer in Energy and Commodities, WUG




William Zimmern, Lead Economist, Global Macroeconomics and Energy Transition, BP


David Fyfe, Chief Economist, Gunvor


Toby Stanway, Planning & Economics Manager, Lundin Petroleum


19:40- 20:00   Questions & Answers


20:00 – 21:00  Cocktail reception and Networking


This event is free and open to everyone. Please register here.

Tuesday, June 19, 2018

Webster University Geneva, LLC Commons Room
Route de Collex 9 1293 Bellevue, Switzerland

Event Type

Global Campuses, Geneva


Divisions, Walker School of Business & Technology



Webster University Geneva
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