Business Sustainability in Oil & Gas


Business Sustainability in Oil & Gas

An integrated approach towards energy pricing and usage and technological advancements would be key factors for sustainable business growth in oil & gas in the near future, said Dr. Kirit Parikh, Chairman, Integrated Research and Action for Development (IRADe) and former Member, Planning Commission in his opening remarks at a Top Management Conclave on ‘Business Sustainability in Oil & Gas: 2015 and Beyond’ at New Delhi on May 4, 2015. The conclave was organised jointly by the Petroleum Federation of India and DuPont.

In his keynote address, Mr. Matthew Trerotola, Executive Vice President, DuPont addressed the issue of ‘Managing Sustainable Growth in the wake of Changing Dynamics of the Oil & Gas Sector’. He opined that oil prices may hover in the US$ 65-70 per barrel range for an year or two by the end of 2015.

During the panel discussion, six key industry experts addressed the issues of ‘Minimizing Operational Risk & Enhancing Operational Excellence in India’s Oil & Gas Sector’. The discussion was moderated by Mr. Srinivasan Ramabhadran, Managing Partner – Asia Pacific & Global Director-Operational Risk, DuPont Sustainable Solutions.

The downstream refining perspective was presented by Mr. Sanjiv Singh, Director (Refineries), IndianOil while the pipelines issues were addressed by Mr. P. K. Chakraborti, President-North Region, IOT Infrastructure & Energy Services Limited. The upstream E&P issues were addressed by Mr. P. K. Sharma, GGM (OSD), OIL while those of the services sector in E&P were tackled by Mr. Jayant Malhotra, Vice President and Global Accounts Director, Schulmberger. The issues of Health, Safety & Environment and Project Safety Management were comprehensively covered by Mr. Ian Thorpe, Vice President (Health & Safety), HMEL and Mr. Hirak Dutta, Executive Director, Oil Industry Safety Directorate.

The deliberations witnessed healthy floor participation.

A vote of thanks was proposed by Mr. Balvinder Singh Kalsi, President, South Asia and ASEAN, DuPont.

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