Arun Kumar Singh

Shri Arun Kumar Singh is the Chairman and CEO of ONGC and the ONGC Group of Companies. He assumed this role on December 7, 2022. Shri Singh additionally serves as the Chairman of ONGC Videsh Limited (OVL), Mangalore Refinery & Petrochemicals Limited (MRPL), ONGC Petro additions Limited (OPaL), and the ONGC Energy Centre Trust (OECT). The ONGC Group is the leader in the Exploration and Production (E&P) sector in India and also maintains a significant international presence through its wholly owned subsidiary OVL. The group also has notable interests in refining, petrochemicals, power, and renewables. An industry stalwart, Shri Singh commands nearly four decades of extensive experience in the Oil & Gas industry. He is a Gold Medallist in Mechanical Engineering from the National Institute of Technology, Patna. Previously, Shri Singh served as the Chairman and Managing Director of Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and Fortune Global 500 Company. He also chaired Indraprastha Gas Ltd. (IGL), a Joint Venture City Gas Distribution (CGD) Company listed on Indian Stock Exchanges. He has also held the position of President (Africa & Australia) at Bharat PetroResources Ltd (BPRL), a BPCL subsidiary focused on oil and gas exploration, primarily overseas. Mr. Singh serves as the Chairman of both the CII Public Sector Enterprises Council and the Governing Council of the Federation of Indian Petroleum Industry (FIPI).

Session Overview

Wednesday, 5 November

10:40

Global strategy ICC Hall A 10:40 - 11:20

Redefining the upstream industry: the new leadership agenda

The upstream industry has seen rapid transformation in recent years. Technology has been instrumental in this, as companies have focused on cost resilience by leveraging AI and digital technologies. Additionally, capital investment in the oil and gas sector will need to scale to meet rising demand – supporting long-term energy security while maximising shareholder value.

For upstream energy leaders, strategies can include both growth and consolidation in the form of portfolio diversification, strategic acquisitions and mergers, and scaling operations. In addition, with increased supply and lower oil price forecasts, cost reduction is imperative, and operators must champion integrated solutions across all operational aspects.

Additionally, investments can accelerate breakthroughs in scalable technologies such as renewable energy integration, carbon capture and storage (CCS), and Direct Air Capture (DAC), as well as advanced analytics to increase energy and production efficiency. Challenges remain in finding the right balance between decarbonisation and profitability priorities, which upstream leaders will have to navigate while simultaneously maintaining targets amidst shifting market dynamics.

Attendee insights:

Learn from energy companies about what their priorities are in upstream and how they are changing their business models to adapt to the current industry needs.

Tuesday, 5 November

All Sessions

13:00

Strategic Conference ICC Hall 13:00 - 14:00

View Session

Decarbonising operations across upstream, midstream and downstream

Oil and gas operations account for 15% of total energy-related Scope 1 and 2 emissions globally. To meet the IEA’s Net Zero Emissions by 2050 scenario, Scope 1 and 2 emissions must be reduced by 50% by 2030. Producers have the means to achieve this target, including reducing methane emissions, the elimination of non-emergency flaring, the clean electrification of upstream facilities and equipping oil and gas processes with CCUS technologies. However, an estimated US $600 billion in investment will be needed to deliver the 50% reduction in the timeframe required. In addition, collaboration between sectors will be critical when optimising supply chain operations, allowing for greater efficiencies and increased profitability.

Attendee insights:

Understand what is needed to decarbonise upstream, midstream and downstream operations, addressing the necessary requirements related to Scope 1 and 2 emissions and identifying the effective levers for decarbonisation.