World Petroleum Council

Last updated
Logo World Petroleum Council logo.png
Logo

WPC Energy is a non-advocacy, non-political organisation with charitable status in the U.K. and has accreditation as a Non-Governmental Organization (NGO) from the United Nations. WPC Energy facilitates an open dialogue around oil, gas, energy and their products and is dedicated to the promotion of their sustainable management for the benefit of all. Until 2023, the organisation was known as the World Petroleum Council.

Contents

WPC Energy has been called "the world’s premier oil, gas and energy forum since 1933." [1] It is widely recognised to "include the most prestigious national energy companies and agencies of the world" [2]

WPC Energy Congress

The organisation's premier event is called the WPC Energy Congress. Starting in 1933, the congress was held every four years until 1991, with a 14-year hiatus in between 1937 and 1951 because of World War II. After 1991, it was held every three years until the year 2000. There was a move to have it hosted every two years after the 2000 edition, with Rio de Janeiro hosting one in 2002, but the cycle returned to every three years after that. In order to host a congress, there is a bidding process by interested cities for one in a particular year. [3]

Note: Due to the onset of COVID-19, the 23rd World Petroleum Congress was moved from 2020 to 2021. [4]

Awards

The Dewhurst Award

This award is named for Institute of Petroleum President Thomas Dewhurst (1881-1973), who organized the first Congress in 1933, and is awarded to individuals who have shown "excellence in the petroleum industry." [5]

Related Research Articles

<span class="mw-page-title-main">OPEC</span> Intergovernmental oil organization

The Organization of the Petroleum Exporting Countries is an organization enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960 in Baghdad by the first five members. The organization, which currently comprises 12 member countries, accounted for an estimated 30 percent of global oil production. A 2022 report further details that OPEC member countries were responsible for approximately 38 percent of it. Additionally, it is estimated that 79.5 percent of the world's proven oil reserves are located within OPEC nations, with the Middle East alone accounting for 67.2 percent of OPEC's total reserves.

<span class="mw-page-title-main">World Peace Council</span> International disarmament organization

The World Peace Council (WPC) is an international organization created in 1949 by the Cominform and propped up by the Soviet Union. Throughout the Cold War, WPC engaged in propaganda efforts on behalf of the Soviet Union, whereby it criticized the United States and its allies while defending the Soviet Union's involvement in numerous conflicts.

<span class="mw-page-title-main">Kuwait Oil Company</span> Oil company based in Ahmadi, Kuwait

Kuwait Oil Company (KOC), an oil company headquartered in Al Ahmadi, Kuwait, is a subsidiary of the Kuwait Petroleum Corporation, a government-owned holding company. Kuwait was the world's 10th largest petroleum and other liquids producer in 2010. The company produced a total of 1.7 million barrels per day.

<span class="mw-page-title-main">Kuwait Petroleum Corporation</span> State-owned oil company of Kuwait

Kuwait Petroleum Corporation is Kuwait's major national oil company, headquartered in Al Kuwait.

<span class="mw-page-title-main">NNPC Limited</span> Oil corporation wholly owned by government of Nigeria

The Nigerian National Petroleum Corporation (NNPC) is a state oil company in Nigeria. Formerly a fully-owned government company, it was transformed from into a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country's petroleum industry. It partners with foreign oil companies to exploit Nigeria's fossil fuel resources.

The International Association of Oil & Gas Producers (IOGP) is the petroleum industry's global forum in which members identify and share best practices to achieve improvements in health, safety, the environment, security, social responsibility, engineering and operations.

<span class="mw-page-title-main">Abu Dhabi National Oil Company</span> UAE state-owned oil company

The Abu Dhabi National Oil Company, known by its acronym ADNOC, is the state-owned oil company of the United Arab Emirates (UAE).

<span class="mw-page-title-main">QatarEnergy</span> Qatari state-owned oil company

QatarEnergy, formerly Qatar Petroleum (QP), is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The President & CEO is Saad Sherida al-Kaabi, Minister of State for Energy Affairs. The company's operations are directly linked with state planning agencies, regulatory authorities, and policy making bodies. Together, revenues from oil and natural gas amount to 60% of the country's GDP. As of 2018 it was the third largest oil company in the world by oil and gas reserves. In 2022, the company had total revenues of US$52bn, a net income of US42.4bn, and total assets of US$162bn. In 2021, QatarEnergy was the fifth largest gas company in the world.

<span class="mw-page-title-main">Fossil fuels lobby</span> Lobbying supporting the fossil fuels industry

The fossil fuels lobby includes paid representatives of corporations involved in the fossil fuel industry, as well as related industries like chemicals, plastics, aviation and other transportation. Because of their wealth and the importance of energy, transport and chemical industries to local, national and international economies, these lobbies have the capacity and money to attempt to have outsized influence on governmental policy. In particular, the lobbies have been known to obstruct policy related to environmental protection, environmental health and climate action.

<span class="mw-page-title-main">World Energy Council</span>

The World Energy Council is a global forum for thought-leadership and tangible engagement with headquarters in London. Its mission is 'To promote the sustainable supply and use of energy for the greatest benefit of all people'.

<span class="mw-page-title-main">Clement Bowman</span> Canadian chemical engineer (1930–2021)

Clement Willis Bowman was a Canadian chemical engineer, the founding chairperson of the Alberta Oil Sands Technology and Research Authority. He was a Member of the Order of Canada and a recipient of the Global Energy Prize.

<span class="mw-page-title-main">Khalid A. Al-Falih</span> Saudi businessman and manager

Khalid A. Al-Falih is Minister of Investment of Saudi Arabia since 25 February 2020. He served as Minister of Energy of Saudi Arabia and chairman of Saudi Aramco. He also has previously served as the Saudi Arabian Health Minister and Aramco's CEO.

<span class="mw-page-title-main">Health and environmental impact of the petroleum industry</span>

The environmental impact of the petroleum industry is extensive and expansive due to petroleum having many uses. Crude oil and natural gas are primary energy and raw material sources that enable numerous aspects of modern daily life and the world economy. Their supply has grown quickly over the last 150 years to meet the demands of the rapidly increasing human population, creativity, knowledge, and consumerism.

Australian Energy Producers is an Australian industry association representing companies which explore and produce oil and gas in Australia. Australian Energy Producers is a non-profit organisation. The current Chief Executive is Samantha McCulloch.

<span class="mw-page-title-main">Jambulat Sarsenov</span> Kazakh businessman

{{Under construction}}

<span class="mw-page-title-main">Majid Jafar</span> CEO of Crescent Petroleum

Majid Hamd Jafar is an Emirati businessman and the CEO of Crescent Petroleum. He is vice-chairman of the Crescent Group and managing director of Dana Gas (PJSC).

<span class="mw-page-title-main">Petroleum industry in Iraq</span> Worlds fifth largest proven petroleum reserves

Iraq was the world's 5th largest oil producer in 2009, and has the world's fifth largest proven petroleum reserves. Just a fraction of Iraq's known fields are in development, and Iraq may be one of the few places left where vast reserves, proven and unknown, have barely been exploited. Iraq's energy sector is heavily based upon oil, with approximately 94 percent of its energy needs met with petroleum. In addition, crude oil export revenues accounted for over two-thirds of GDP in 2009. Iraq's oil sector has suffered over the past several decades from sanctions and wars, and its oil infrastructure is in need of modernization and investment. As of June 30, 2010, the United States had allocated US$2.05 billion to the Iraqi oil and gas sector to begin this modernization, but ended its direct involvement as of the first quarter of 2008. According to reports by various U.S. government agencies, multilateral institutions and other international organizations, long-term Iraq reconstruction costs could reach $100 billion (US) or higher.

<span class="mw-page-title-main">M. A. Pathan</span> Chairman of Indian Oil Corporation Ltd., 1997–2002

M. A. Pathan was the chairman of the Indian Oil Corporation Ltd. from February 1997 to March 2002. He had been on the Indian Oil board since 1994 as the director-in-charge of marketing. He was also the chairman of the Petroleum Federation of India (PetroFed) from 1 April 2002 to 3 August 2003.

Petroleum refining in the United Kingdom produced around 61 million tonnes of petroleum products in 2015, down 19% from 2011. There are six major and one minor petroleum refinery in the downstream sector of the UK oil industry.

<span class="mw-page-title-main">Oil and gas reserves and resource quantification</span> Industry concept of crude oil and natural gas reserves and resources

Oil and gas reserves denote discovered quantities of crude oil and natural gas that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the day of reserves reporting are also sensitive to fluctuating global market pricing. The remaining resource estimates are likely sub-commercial and may still be under appraisal with the potential to be technically recoverable once commercially established. Natural gas is frequently associated with oil directly and gas reserves are commonly quoted in barrels of oil equivalent (BOE). Consequently, both oil and gas reserves, as well as resource estimates, follow the same reporting guidelines, and are referred to collectively hereinafter as oil & gas.

References

  1. World Forum on GeoEnergy
  2. Arabian Business Magazine
  3. "The World Petroleum Congress". World Petroleum Council. Retrieved 2011-09-13.
  4. "23rd World Petroleum Congress Postponed to December 2021". www.world-petroleum.org. Retrieved 2022-01-11.
  5. "The Dewhurst Award". World Petroleum Council. Retrieved 10 July 2017.