A defining moment for global energy
We are pleased to welcome you to the Americas Annual Summit — our gathering for the leaders, participants, investors, and partners shaping the future of global energy supply.
This year's Summit takes place at a genuinely consequential moment. The supply disruption of this year was not a resource story - it was a fragility story. Geopolitics and chokepoints temporarily removed up to 10 million barrels per day from accessible supply, resetting Brent prices higher on a fragility premium and confirming that access to supply now matters as much as supply itself. Even if prices ease, volatility will remain structural without sustained investment. The longer-term picture reinforces the urgency: the world still needs 435–640 billion barrels of new liquids by 2050, primarily to offset natural decline rather than fuel demand growth. This is a decline story, not a demand story.
Meeting that challenge requires capital at scale and directed wisely. Offshore remains the stabilizing backbone of global supply, and the Atlantic Margin — Brazil, Guyana, the US Gulf — is emerging as a strategic core for advantaged investment. The Middle East remains indispensable but now carries a clear stability premium, with recent disruptions making geopolitical risk concrete. Critically, none of this is an argument against the energy transition — it is an argument for managing it responsibly. Underinvestment in oil and gas does not accelerate decarbonization; it destabilizes it. Security and affordability are not obstacles to an orderly transition. They are the conditions that make one possible.
The biggest risk before us is not oversupply — it is complacency. Sustained investment near $640 billion per year is the floor for a stable energy future, and the choices made this decade will determine whether the 2030s are a period of managed transition or recurring crisis. We look forward to the conversations ahead. See you in Houston on September 10.
