2010 KPMG Global Energy Conference Overview & Agenda

By KPMG LLP | May 25, 2010

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The KPMG Global Energy Conference is the premier event for financial executives in the energy industry and provided an opportunity to network with peers one-on-one. Our 2010 keynote speaker was The Honorable Newt Gingrich, former Speaker of the House and current Chairman, American Solutions for Winning the Future.

For one and a half days, financial executives participated in a number of interactive sessions designed to bring together internationally known speakers who shared their insights into the challenges and opportunities facing the energy industry. In addition to participating in our three interactive General Sessions, the executives also created their own "curriculum" from a host of breakout discussions on the issues that were most relevant to the success of their businesses.

 

Monday, May 24

   

6:30pm

Early Registration

   

7:00pm

Opening Reception

   

Tuesday, May 25

   

7:00am

Registration / Continental Breakfast

   

8:30 -  10:00

Day 1: Opening General Session / Opening Comments

 

John Kunasek, National Sector Leader - Energy & Natural Resources, KPMG LLP (U.S.)

 

Regina Mayor, National Oil & Gas Advisory Leader, KPMG LLP (U.S.)

   
 

General Session: The Future of National Oil Companies: Is National Still the Right Classification?

 

This panel will focus on international expansion, growing competitiveness with major IOCs, potential barriers for expansion, and access to markets and talent pools.

  Presentation
   
 

Moderator:

 

Michiel Soeting, Partner, KPMG LLP (U.K.)

 

Speakers: 

 

Gustavo Tardin Barbosa, Chief Financial Officer, Petrobras America

 

Timothy Okon, Director of Corporate Transformation, Nigerian National Petroleum Corporation

 

Joyce Renney, Associate Director, Lighthouse Global

 

Dipti Sanzgiri, Executive Director, HRD, Bahrat Petroleum Corporation Limited

 

John Zahary, President and Chief Executive Officer, Harvest Energy

   

10:15 - 11:30

Concurrent Session I-A: Political Risk Minimization Techniques in Structuring and Implementing International Investments

 

This panel will discuss the various approaches to structuring, financing, and operating international investments so as to minimize host country tax and political risk uncertainties.

   Presentation
   
 

Moderator: 

 

Mike McGoldrick, Director, KPMG LLP (U.S.)

 

Speakers:

 

Mark Baker, Partner, Fulbright & Jaworski LLP

 

Hafiz Choudhury, Principal, The M Group, Inc.

 

Peter Gaw, President, Standard Chartered Bank

 

Charles Ziemba, Manager, International Upstream Tax Planning, Chevron

   
 

Concurrent Session I-B:  Supplier Risk Management

 

This panel will explore how the recent economic downturn has increased overall supply chain risk, including supply continuity risk (stock outs and expediting), supplier risk (viability) and supply chain risk (environmental issues, quality).  The panel will discuss what companies are doing to manage these risks and will look at challenges on the horizon (supplier nationalization, sustainability, etc).

   Presentation
   
 

Moderator:

 

Samir Khushalani, Principal, KPMG LLP (U.S.)

 

Speakers:

 

John Adams, Vice President, Supply Chain Management & Chief Procurement Officer, Spectra Energy

 

Kirk Eberhart, Director of Procurement, TMK-IPSCO

 

John Jensen, Vice President of Operations, El Paso Energy

 

Mike Reynolds, Director - Procurement, Atmos Energy Corporation

   
 

Concurrent Session I-C:  IFRS: An Ongoing Journey

 

As we move closer to implementation dates in North America, the accounting and business impacts of adopting IFRS continue to be prominent issues for executives and directors. In the US, the focus is on convergence, while in Canada the focus is on the sprint to the finish line with a 2011 conversion requirement. Regulatory, RRA accounting, and ongoing compliance and process issues abound. We will discuss how companies that are at various places in their journey are addressing some of the key issues and also share our views on what lies ahead.

    *Slides not used during discussion
   
 

Moderator:

 

James Scalise, Principal, KPMG LLP (U.S.)

 

Speakers:

  Ted Brooks, Partner, KPMG LLP (U.S)
  Molly Chilakapati, Managing Director, KPMG LLP (U.S.)
 

Nicola Davis, Principal, KPMG LLP (CA)

 

Robert Meyers, Vice President, Finance and Chief Financial Officer, FortisBC Inc.

 

Additional panelist to be confirmed

   

Noon - 1:30

Day 1: Luncheon and Keynote Address: "A Contract with the Earth: 'The Case for "Green Conservatism'"

 

Challenges to the health of our environment are many and transcend history, nationality, politics, culture and religion. For Newt Gingrich, responding to these challenges is a question of "how to" -- not "if" -- the Earth can be renewed and revitalized. Gingrich cautions against relying on the government alone to institute change: instead he suggests that government should act as a facilitator, offering incentives for innovation and helping to reduce red tape as American entrepreneurship drives environmental solutions. In a presentation based on his book, A Contract with the Earth, Gingrich provides insight on environmental problems accompanied by a series of solutions unlike any other on the topic. His "green conservative" solutions are inspired by the same traits that made American great: ingenuity, know-how, and entrepreneurial spirit to solve problems swiftly and competently in order to preserve an abundance of resources for future generations.

   Publications Noted
   
 

Speaker: 

 

Newt Gingrich, Former United States Speaker of the House and Current General Chairman of American Solutions for Winning the Future

   
   

2:00 - 3:15

Concurrent Session II-A:  SEC / Regulatory Update

 

This panel will discuss new SEC rules impacting energy companies, including climate disclosures as well as ongoing projects and changes at the SEC that could impact energy companies. In addition, the panel will discuss the IRS proposed disclosures regarding uncertain tax positions.

   Presentation
   
 

Moderator:

 

Hershell Cavin, Partner, KPMG LLP (U.S.)

 

Speakers:

 

Melanie Dolan, Partner, KPMG LLP (U.S.)

 

James Prince, Partner, Vinson & Elkins LLP

 

 

   
 

Concurrent Session II-B: M&A - Current Trends in the Energy Industry

 

This session will explore the drivers behind the merger & acquisition activity over the recent past and, more importantly, the drivers of expected future transactions.  Topics will include the (i) the increasing supply/discovery of additional gas resources, (ii) the impact of leverage obtained in boom times and the need to restructure capital structure, (iii) the increasing presence of private equity, and (iv) alternative energy and economic support.

   Presentation
   
 

Moderator:

 

Joseph Murray, Partner, KPMG LLP (U.S.)

 

Speakers:

 

Sam Oh, Partner, Apollo Management LP

 

Mark Sorensen, Vice President, Finance and Chief Financial Officer, NextEra Energy

 

Tom Ward, Chief Executive Officer, SandRidge Energy

   
 

Concurrent Session II-C: Global and Local: Finding the Better Balance

 

Large energy companies are striving to better balance their focus and performance improvement between business units and increased emphasis on common processes across business units. Business units are great for local autonomy and accountability; increased emphasis on common processes is better for delivering core competence and superior economies of scale. This panel will look at how different companies are working to create a successful blend and to manage the change challenges that go with it. Effective use of people, organization, and leadership are key ingredients in getting the blend right. This panel will address how to implement change of this nature in practical, hands on, proven techniques.

    *Slides not used during discussion
   
 

Moderator:

 

Mark Smith, Partner, KPMG LLP (CA)

 

Speakers:

 

Scott Beaty, Vice President Learning and Organization Effectiveness, Shell Upstream Americas

 

Regina Mayor, Principal, KPMG LLP (U.S.)

 

Eric Silva, Chief Information Officer, El Paso Energy

   

3:45 - 5:00

General Session / Closing Day 1 Comments

 

John Kunasek, National Sector Leader - Energy & Natural Resources, KPMG LLP (U.S.)

 

Regina Mayor, National Oil & Gas Advisory Leader, KPMG LLP (U.S.)

   
 

General Session:  Outlook for Energy - A View to 2030

 

ExxonMobil's Outlook for Energy - A View to 2030 provides a perspective on global and regional energy supply and demand over the next two decades.  We see economic recovery and growth, improved living standards, and a reduction in poverty. But meeting the world's growing energy needs while also reducing the impact of energy use on the environment will pose a tremendous challenge - one we expect to be met with promising new technologies.

  Presentation
   
 

Speaker:

 

Tom Eizember, Planning Division Manager of Corporate Strategic Planning, ExxonMobil Corporation

   

5:00

Networking Reception

   

Wednesday, May 26

   

7:00am

Registration / Continental Breakfast

   

8:30 - 10:00

Day 2: Opening General Session / Opening Comments

 

John Kunasek, National Sector Leader - Energy & Natural Resources, KPMG

 

Regina Mayor, National Oil & Gas Advisory Leader

  Opening Comments
   
 

General Session: Energy Policy in a Post-Copenhagen World

 

What direction will energy policy take in 2010 and beyond? Will fossil fuels emerge resurgent and, if so, which ones? Is Cleantech on a bubble or is it here to stay? Are carbon markets in reverse or is Copenhagen merely a speed bump? Is the recent embrace of nuclear power a shift in policy or is it a shift in politics?

   
 

Moderator:

 

John Gimigliano, Principal, KPMG LLP (U.S.)

 

Speakers:

 

Rhone Resch, Chief Executive Officer and President, Solar Energy Industry Association

  Jack Sahl, Director of Environment & Resource Sustainability, Southern California Edison
 

 

 

Christi Tezak, Senior Analyst, Energy & Environmental, R.W. Baird & Co.

 

Bud Weinstein, Associate Director of Maguire Energy Institute

   

10:15 - 11:30

Concurrent Session III-A:  Accounting and Reporting Update

 

This panel will explore recent accounting disclosure pronouncements and trends, discuss current accounting issues arising from the various accounting standard setters, and will look at new accounting standards on the horizon.

  Presentation
   
 

Moderator:

 

Jeff Urban, Partner, KPMG LLP (U.S.)

 

Speakers:

 

Chris Champion, Partner, KPMG LLP (U.S.)

 

Darin Kempke, Partner, KPMG LLP (U.S.)

 

Paul Munter, Partner, KPMG LLP (U.S.)

 

David Rottino, Senior Vice President and Chief Accounting Officer of Linn Energy, LLC

   
 

Concurrent Session III-B:  Tax Planning Strategies in an Uncertain Legislative Environment

 

This panel will expand the energy policy discussion with an in-depth analysis through a tax planning lens.   As governments around the globe deal with the current economic downturn and climate debate, they are seeking ways to raise revenue and influence behavior by shifting tax incentives away from fossil fuels to alternative sources of energy. This panel, which consists of tax executives from multinational companies with business operations in different segments of the energy industry, will provide insights as to how they approach tax planning in light of significant uncertainty.

  Presentation
   
 

Moderator:

 

Michael Terracina, Partner, KPMG LLP (U.S.)

 

Speakers:

 

Martin Dunagin, Jr., Vice President, Corporate Tax, Hess Corporation

 

Karl Schmalz, Senior Tax Counsel, Strategic Planning Division, ExxonMobil Corporation

 

Steve Sobell, Vice President, Corporate Tax, Spectra Energy Corp

   
 

Concurrent Session III-C:  Power Company of the Future

 

Encouraged by $4.5 billion of ARRA Stimulus grants, smart grid implementations are well underway. Power utilities are focused on the implementation of new and complex devices, networks, and business systems.  These technologies will provide new connections and interactions that have never existed in the past.  This panel will explore the business transformation potential of smart grid, including how this new technology could fundamentally change utility operations, customer interactions, and power management. Our panelists will discuss their vision of what utilities will look like in coming years.

  Presentation
   
 

Moderator:

 

Ron Clanton, Partner, KPMG LLP (U.S.)

 

Speakers:

 

Deborah Affonsa, Senior Director, Operational Strategy and Transaction Management, PG&E Corporation

 

Kenneth Mercado, Division Senior Vice President, Advanced Metering System Deployment, CenterPoint Energy Inc.

 

Ted Reguly, Director, Smart Meter Program Office, Sempra Energy

   

Noon - 1:30

Day 2: Luncheon and Keynote Address: "Navigating a Sea of Uncertainties: GE's Energy Investing Strategy" 

 

From financial and market dislocations to changing policies and technologies, today's energy investor faces more concurrent challenges than ever before. Industry veteran and Managing Director of GE Energy Financial Services Jim Burgoyne provides insight into how his business is navigating these challenges, drawing on GE's more than 130 years' in the energy industry, its technology innovation, financial strength and rigorous risk management. Using recent examples, Jim shows how one of the world's largest energy companies is positioning itself for future growth-and how others can do the same. 

  Presentation
   
 

Speaker: 

 

James Burgoyne, Managing Director and Global Leader of GE Energy Financial Services' Natural Resources

   
 

Conference Closing Comments

 

John Kunasek, National Sector Leader - Energy & Natural Resources, KPMG LLP (U.S.)

 

Regina Mayor, National Oil & Gas Advisory Leader, KPMG LLP (U.S.)

 

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