Oil mergers, clean fuels vie for attention at Houston energy conference

Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large scale move to clean fuels.

“A remarkable thing is the stability, given the geopolitical turmoil,” said Daniel Yergin, vice chairman of conference organizer S&P Global and a Pulitzer Prize-winning author on global energy. More than 7,200 people are expected to hear the latest outlook on energy markets from the heads of top producers’ BP, Chevron, Exxon Mobil, Saudi Aramco, Sinopec and Petronas.

Notably absent this year, which occurs during the Islamic holy month of Ramadan, are top oil ministers from Saudi Arabia, Kuwait and Iraq. No officials from Russia are expected after they did not attend last year. Climate concerns are reflected in the conference sessions on carbon sequestration technology and hydrogen fuels, which have become two of the oil industry’s favourite means of addressing global warming. The role of artificial intelligence in energy production and carbon emissions are prominent sessions this year.

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