IHS CERAWeek 2015: Energy industry facing ‘new realities and overturned assumptions,’ Yergin says

Energy’s “turning point” will be the key focus of IHS CERAWeek 2015, which will be held April 20-24 in Houston. As industry, policy, and financial leaders from around the world prepare to convene at IHS CERAWeek 2015, Daniel Yergin, IHS vice chairman and Pulitzer Prize-winning author, discusses how the energy world is now facing a time of great turbulence and transition.

“Along with the oil price collapse itself, key developments over the past year have overturned fundamental assumptions that were underpinning the planning and investment for meeting the world’s ever-growing need for energy,” said Yergin, who serves as conference chairman. “Not long ago, the expectation was that $100 per barrel oil would be the new norm, China’s strong economic growth would continue unabated, and OPEC and Saudi Arabia would continue to play the traditional role as swing producer in support of oil prices. Events have proved otherwise, and so we have a time of recalibration and transition – an ‘era of new realism’ – for the energy industry.

“The theme for this year’s conference, Turning Point: Energy’s New World, speaks to managing and leading through the current cycle,” Yergin continued. “But it’s also about long-term considerations and fundamental factors, such as North America’s emerging role as the new swing producer, the critical choices facing the power industry, and what to expect from the upcoming United Nations Conference on Climate Change later this year as the world seeks to find the right balance.

“We are honored to have such a broad and distinguished group of global energy, policy, and financial leaders at IHS CERAWeek, which includes government and ministerial leaders, along with CEOs and senior leaders from the world’s major energy companies,” Yergin said. “This assembly of leaders presents a unique opportunity to understand the challenges ahead and develop the strategies needed to meet the ever-growing and ever-changing demands of our energy world.”

IHS CERAWeek 2015 will convene more than 2,800 delegates from more than 50 countries and more than 300 speakers to examine the new risks and realities to be faced in energy markets, technologies, and geopolitics. The conference will explore the topics of managing through turbulence; assessing turning points and new landscapes for the oil, gas, and power industries; and identifying energy’s major challenges that will be confronted over the long term.

 

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