Offshore Global Finance 2019

8:00AM Registration & Breakfast Networking

9:00AM Welcome to OGF Amsterdam & Business Card Exchange Icebreaker

9:15AM Chair’s Opening Remarks

9:20AM INDUSTRY OVERVIEW: Market Overview and Forecast: Analysing the State of Play within Oil & Gas

• Understand where the oil and gas industry is heading – is the optimism justified?
• Is the philosophy of cost control continuing for E&Ps? How much will majors continue to sell off uncompetitive assets to fund further projects?
• Is the current oil price the new normal or will the trend continue? Are pre-2014 levels a pipe dream or a probability?
• What will be the key geographies to focus on for the upcoming year? 

9:45AM INDUSTRY OVERVIEW: Navigating the Energy Transition – How Far Are Traditional E&Ps Incorporating Green Energy as Part of Their Energy Portfolio?

• Learn how E&Ps and contractors diversify into green energy: what level of integration is possible?
• How much of a market share will E&Ps take in renewables for the future?
• Learn how E&Ps will enter offshore wind market: what are their value protection strategies and optimal business models?
• What new acquisitions by E&Ps are on the horizon? What is the state of play for E&Ps adapting their strategy to a more renewable focused strategy?
• What role do governments and institutions have in collaborating with E&Ps to navigate the energy transition?

10:30AM Networking Break

11:00AM PANEL: Separating Myth & Reality in Green Offshore Energy: How Much will Offshore Wind Affect the Energy Ecosystem?

• What is the overall appetite for financiers for green offshore energy? What are the exposure rates banks are experiencing compared to traditional offshore oil & gas? 
• Determine the impact green offshore energy will have on oil & gas – what is the overall competitiveness?
• Are the risks aligned with the returns?

11:45AM PANEL: Navigating the Energy Transition – Assessing Risk & Reward within a Zero-Subsidy Market

• What are the implications of moving to a zero subsidy market and how can investors and operators assess the risk and reward?
• Who are the main players and what is the growth of the market?
• What is the role of banks, private equity and investors and how will they shape the future of green offshore financing?
• Understand what are the implications of emerging markets – which regions require more risk profiling?
• Where is the bond market currently and where will they be placed in the event of an upswing? Where will the bond market features in the future?
• What protection mechanisms are available within subsidy free markets?

12:30PM Lunch in the Exhibition Area

1:30PM EDP Renewables Case Study: Floating Wind - Exploring How Far Innovations in Floating Wind Provide a Reliable Revenue Stream

• Analysing new the effectiveness of new technology and how much they decrease the costs of production
• What is the reliability and maintenance of these new technologies? What risk factors need to be considered?
• What are the returns? What are the scalability and CAPEX requirements for offshore wind and where is the trend heading?
• Learn the successes so far within cost reduction of offshore to understand the bankability of offshore wind

2:15PM PANEL: Where Will Capital Come From? Analysing Volatility, Risk Appetite and Capital Requirements within Offshore Energy to Enable Viable Investment Channels

• What have been the effects of the CFO’s balance sheet since the downturn? How much debt exposure is the industry experiencing?
• How many companies are converting to equity? Is this a trend poised to continue?
• Structured royalty products, what new models exist?
• Understanding the variety of sources of capital available, what are the requirements and the costs involved?
• Is there a preference for oil currently or is the market preference shifting towards gas and renewables?
• What geographic locations will be easier to acquire capital and what does the structuring look like?

2:50PM INTERACTIVE PANEL: Investigating New Opportunities within FPSOs

• Are MLP structures like TK Brookfield the beginning of a trend or a one off?
• Determine how to fund additional capital to FPSO projects – is it better to finance the whole field or just the vessel?
• How can smaller companies finance FPSO projects? What are the available options?
• How feasible are projects that a stranded assets? What shortfalls and successes have people had?
• Understand barriers to entry into the FPSO market: where are the potential investors and how can obstacles be overcome?

3:35PM Afternoon Coffee Break

4:05PM Champagne End of Day Region Roundtable Breakout Discussion: What Are The Opportunities and Challenges Across Global Offshore Finance?

• Determining the opportunities and challenges in:
  • Americas
  • Africa
  • Europe
  • Far East Asia
• What are the projects taking place and what investment is to be likely?
• Experience sharing in the market: What pitfalls were mitigated and what regulations are to be anticipated?
• What level of government support was experienced in these regions?
• How much risk is acceptable? Determine risk approaches for standardising risk and compare models
• What supply chain issues can potentially arise and how much does that contribute to the risk profile of certain regions?

5:30PM Chair’s Closing Remarks

5:35PM Drinks Reception

9:15AM Chair’s Opening Remarks

9:20AM PANEL: Determining Investment Strategies – How much of a Presence will Private Equity Have In The Future

• How much more present are private equity in the market? What assets are being changed, what are the new consolidations?
• Understand how private equity sees the pricing structures, has the mind set changed since the pre-2014 days? What is the risk appetite?
• How much priority will private equity give towards green energy vs. traditional oil and gas?

10:05AM INTERACTIVE PANEL: LNG Market Outlook – Exploring Projects in the Pipeline and the Hottest Regions for LNG

• Where are the hottest regions in LNG? Addressing the opportunities in
  • South East Asia (China, Philippines)
  • Eastern Africa
  • The Americas
• What are the energy company’s view? How are they meeting growing demand and establishing the infrastructure to meet the needs across LNG value chain?
• What is the market forecast for 5 years? What is to be anticipated?
• Is the transition to gas markets sustainable? Is this a short term realisation or is this part of a longer term trend? How much will eco-friendliness factor into decision making?

10:50AM Morning Refreshment Break

11:20AM INTERVIEW: Identifying Opportunities and Establishing Optimal Models for Lending in FLNG Projects

• What are the current live projects and what are the new projects in the pipeline?
• Will FLNG projects require taking equity? What will the offtake arrangements look like?
• Understand how to get the buy in for longer term financing – what is the appetite for taking these type of deals and what is the state of long term purchase agreements?
• What been the lessons learnt so far and what level of similarity has been experienced between FPSO financing and FLNG?
• Learn what the new model of financing is – is there an optimal model for financing FLNG?
• Is there a standardization of addressing risks? Understand how these risks can be mitigate and develop a template of establishing and dealing with FLNG project finance risk

11:40AM INTERACTIVE PANEL: Plugging the Value Gaps in Decommissioning – How Does the Industry Mitigate Weak Capitalisation and Economise Decom?

• What are the regulations that will economise decommissioning? What is the level of government support for decommissioning projects?
• What are the tax changes and how will this have an impact on the fiscal equation
• What deals have worked so far and what level of divestment is taking place?
• What is the level of complexity of the deals taken place and who is liable from a contract point of view? Who holds liability after a deal has been struck?
• How do sellers gain confidence to fulfil security after 20 years? How can credit be best verified and what are the best practices for minimising weak capitalisation?
• What legalisation is in the pipeline to provide tax reliefs?
• Will the increase of oil price lead to more M&As in the next five years?

12:25PM Chair’s Closing Remarks

12:30PM Closing Networking Lunch