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Structurally changed and adapted: How to manage oil and gas assets in a rapidly transitioning marketplace

Broadcast on Dec 8, 2020 from Livestream: Bonds, Loans & Sukuk Middle East 2020 - Virtual Conference

Platinum Sponsor

Emirates NBD

Platinum Sponsor

First Abu Dhabi Bank (FAB)

Gold Sponsor

BofA Securities

Gold Sponsor

HSBC

Gold Sponsor

MUFG

Gold Sponsor

SMBC

Multilateral Sponsor

ICD

Silver Sponsor

DWF

Silver Sponsor

Intesa Sanpaolo

Silver Sponsor

London Stock Exchange

Silver Sponsor

Mauritius Commercial Bank (MCB)

Silver Sponsor

Rawabi Holding

Bronze Sponsor

Arthur Cox

Bronze Sponsor

Bank of Jordan

Bronze Sponsor

Fitch Ratings

Bronze Sponsor

Finsight

Bronze Sponsor

Landesbank Baden-Württemberg

Bronze Sponsor

Shearman & Sterling

Bronze Sponsor

Squire Patton Boggs

Bronze Sponsor

United Arab Bank

Bronze Sponsor

Vienna Stock Exchange (Wiener Börse)

Subscribe for access:

  • What structural changes has the oil and gas markets experienced in the last 12 months? How do oil and gas companies adapt their finance and investments to adapt to these changes?
  • For how long do CFOs expect oil prices to remain under pressure? What is the new equilibrium price that they are working towards when managing their investment plans?
  • How much capital does the oil and gas sector s needing in the GCC? How much of it will come from external funding and the capital markets?
  • From conventional energy and sustainable energy: How are oil and gas businesses adapting business to increasing demand from investors to see more ESG integration?
Middle East

Moderator

Renad Younes

Renad Younes

Renad Younes

Partner at Shearman & Sterling

Renad Younes is a partner in the Project Development & Finance and Mergers & Acquisitions practices, based in Abu Dhabi.

She focuses on advising international energy companies, financial institutions and governments on international M&A transactions and projects with a particular focus on each of the upstream, midstream and downstream sectors, as well as advising on LNG transactions and projects.

Most recently, she advised on one of the world's largest-ever refinery transactions, which involved advising ADNOC on its landmark $19 billion strategic equity partnership with Eni and OMV which covered both the existing ADNOC Refining business and a new trading joint venture.

Shearman & Sterling

Renad Younes

Shearman & Sterling is one of the first global law firms to establish a presence in the Middle East. From our hubs in the UAE and Saudi Arabia, we have represented clients on ground-breaking deals and precedent-setting projects that have led to the emergence of the region as a dynamic financial centre. We have also represented clients on some of the most complex disputes arising out of construction and development projects, investments, acquisitions and joint ventures. We continue to provide exceptional service to both regionally based clients and foreign investors seeking opportunities in the Middle East, including multinational companies, government ministries, state-owned companies, banks, contractors, investment agencies and financial sponsors. A pioneer in the field of financing in the region, we have advised on two of the largest project bond financings in the Middle East and advised on cutting-edge Shari’ah-compliant financings, such as the first power project in the Middle East that included financing from Islamic banks and the largest-ever oil and gas Islamic financing. We also have a track record of delivering on first-in-kind and first-in-country project financings across the region.

> View company video here

LinkedIn URL: https://www.linkedin.com/company/shearman-&-sterling-llp/mycompany/

Twitter URL: https://twitter.com/shearmanlaw

Speakers

Noubi Ben Hamida

Noubi Ben Hamida

Chief Financial Officer

SATORP

Noubi Ben Hamida

Noubi Ben Hamida

Chief Financial Officer at SATORP

Noubi Ben Hamida joined Saudi Aramco Total Refining & Petrochemicals Company (SATORP), a joint venture between Saudi Aramco and French major Total, as a Chief Financial Officer in 2018.

Noubi joined SATORP after 18 years with Total, where he held several key positions in Trade, Corporate and Project Finance, as well as Trading, Capital Markets and Business Development.

Prior to joining Total, Noubi spent 6 years with French bank Société Générale, where he held several positions in project management and commodity financing.

Noubi holds an Electrical Engineering degree from Ecole Supérieure d’Electricité - Paris.

SATORP

Patrick Drum

Patrick Drum

Patrick Drum

Portfolio Manager at Saturna Capital

Amana Participation Fund Portfolio Manager
Sustainable Bond Fund Portfolio Manager

Patrick T. Drum, Research Analyst and Portfolio Manager, joined Saturna Capital in October 2014. He is also a portfolio manager for the firm’s institutional subsidiary, Saturna Sdn Bhd in Kuala Lumpur Malaysia, directing halal fixed income investments.

He is a select member of the United Nation’s Principles for Investment (UNPRI) Fixed Income Outreach Subcommittee and an adjunct professor of finance at Pinchot University, formerly known as Bainbridge Graduate Institute (BGI). Mr. Drum has nearly ten years of experience integrating ESG considerations into fixed income portfolio management.

He holds a BA in economics from Western Washington University and an MBA from Seattle University Albers School of Business. He is a Chartered Financial Analyst Charterholder (CFA) and a Certified Financial Planner®. Mr. Drum has more than 20 years of investment experience in serving institutions and private clients.

Saturna Capital

Marc de Saint Gerand

Marc de Saint Gerand

Executive Director, Oil & Gas Financing

SMBC

Marc de Saint Gerand

Marc de Saint Gerand

Executive Director, Oil & Gas Financing at SMBC

Marc has 18 years experience in oil and gas finance experience. He had the opportunity to build a strong understanding of the sponsor’s objectives thanks to his work in the Structured Financed team of the Oil Major TOTAL. He then originated and led various arranging and advisory mandates.

Marc has a strong track record in managing schedules and critical paths for advisory projects, organising the due diligence process, advising on consultant selection and preparing and coordinating presentations to sponsor group steering committee. As a deal team leader on flagship transactions Marc has proved to be an efficient project structurer and a trusted financial modeller.

Marc joined from Standard Chartered Bank where he spent 5 years focusing on African and Middle-Eastern Reserves Based Lending and Project Financing. Marc started a City career in 2007 with Merrill Lynch Energy and Power M&A Team, where he was advisor to European Utilities on their external growth in Upstream Gas Projects. Prior to that Marc worked as an economist for TOTAL in Paris and in Doha.

Marc holds an MSc in Public Affairs from Sciences-Po and graduated from the HEC Paris School of Management (HEC). Marc regularly teaches Petroleum Economics at Institut Francais du Petrole (IFP School).

SMBC

Marc de Saint Gerand

With over four centuries of history and rooted in the stability of Japan and growth of Asia, SMBC Group reaches out around the world to provide the advice, connections and support that create value. Our customers in Africa and MENA choose SMBC Group because we offer local knowledge and global expertise.

With one of the most extensive domestic and international branch networks of any Japanese bank, SMBC Group uses the strength of its extensive footprint with powerful capabilities in loan and debt capital markets, project and trade finance, and a wide range of other financial services to deliver customer-focused, integrated solutions.

African & MENA customers benefit from SMBC Group's position as a world leader in loan capital markets bookrunning and arranging of loan facilities, including structuring, pricing, advising, executing and distribution of syndicated loans. A specialist debt capital markets team can provide expert advice and execution in core markets for public and private bond issuance, and offer issuers with guidance through the process from structuring, documentation and legal requirements, to execution of relevant funding solutions and investor relations. Particular focus is dedicated to corporate and structured finance and emerging market benchmark transactions for distribution to an international investor audience.

Neeraj Agrawal

Neeraj Agrawal

Group CFO and Board Member

Crescent Petroleum

Neeraj Agrawal

Neeraj Agrawal

Group CFO and Board Member at Crescent Petroleum

Crescent Petroleum

Neeraj Agrawal
Tarek Soliman

Tarek Soliman

Oil & Gas Equity Research

HSBC

Tarek Soliman

Tarek Soliman

Oil & Gas Equity Research at HSBC

Tarek Soliman joined HSBC’s oil and gas equity research team in September 2017 from a climate change investment think tank where he was an Extel-ranked analyst. Prior to this, he worked in structured energy finance for international investment banks for seven years. At HSBC, Tarek covers European oil services stocks and is responsible for the oil and gas team’s research on climate and ESG topics in the sector. He holds a BSc in economics from the University of Warwick and an MSc in economics and policy of energy and the environment from University College London. Tarek is also a CFA charterholder.

HSBC

Tarek Soliman