" rel="stylesheet">
Skip Main Navigation
Page Content
This event has ended

UCL Grote Lecture - IOCs: Is the old business model dead?

UCL Australia

Thursday, 10 April 2014 from 4:00 PM to 5:00 PM (ACST)

UCL Grote Lecture - IOCs: Is the old business model...

Ticket Information

Type End Quantity
UCL Grote Lecture: Prof. Paul Stevens Ended Free  

Who's Going

Loading your connections...

Share UCL Grote Lecture - IOCs: Is the old business model dead?

Event Details

International Oil & Gas Companies: Is the old business model dead? 

 Professor Paul Stevens











Presentation by Professor Paul Stevens, Visiting Professor to UCL Australia and Distinguished Research Fellow (Energy) at Chatham House, London.

The international oil and gas companies (IOCs) are facing serious challenges to their survival. The old business model based upon a value based management strategy is looking increasingly difficult to live with. In a world where “resource nationalism” may be spreading, the IOC’s are facing increasing difficulty to find projects that generate an acceptable rate of return. 

Financial markets appear to have lost their appetite for large high-risk capital projects. Shareholders now appear to be more interested in oil and gas companies disposing of assets rather than acquiring them. At the same time, the old business model is also in danger of becoming irrelevant as the concept of “unburnable carbon” begins to attract attention. 

Potentially, all this carries serious consequences for the future of the IOC’s whose room for manoeuvre is limited. This in turn raises issues about the future of oil supplies and the prospects of a supply crunch.

Professor Paul Stevens is a Visiting Professor at UCL (Australia) and Distinguished Research Fellow (Energy) at Chatham House, London. He has published extensively on energy economics, the international petroleum industry, unconventional gas, economic development issues and the political economy of the Gulf. Professor Stevens was awarded the 2009 OPEC Award in recognition of his outstanding work in the field of oil and energy research.

    When: Thursday, 10 April 2014 - 4 to 5pm
Please arrive 15 minutes before start
    Where: UCL Australia, 220 Victoria Square, Adelaide SA 5000
    Wine and cheese will be served after the lecture.
Have questions about UCL Grote Lecture - IOCs: Is the old business model dead?? Contact UCL Australia

When & Where

UCL Australia
220 Victoria Square
Adelaide, SA 5000

Thursday, 10 April 2014 from 4:00 PM to 5:00 PM (ACST)

  Add to my calendar


UCL Australia

UCL Australia is an integral part of University College London, one of the foremost academic institutions in the world.  

The Australian campus was established in 2010 and is home to the School of Energy and Resources, the International Energy Policy Institute and the Mullard Space Science Laboratory, Australia.

  Contact the Organiser
UCL Grote Lecture - IOCs: Is the old business model dead?
Adelaide Events Seminar Other

Interested in hosting your own event?

Join millions of people on Eventbrite.

Please log in or sign up

In order to purchase these tickets in installments, you'll need an Eventbrite account. Log in or sign up for a free account to continue.