WPC: Sustainable development fealty key to oil's future

The concept of sustainable development was accorded the status of competitive differentiator for the oil and gas industry of the future at the 17th World Petroleum Congress in Rio de Janeiro last week.The theme of sustainable development, pervasive throughout the WPC agenda, was given a distinctly European flavor in one of the opening plenary sessions by two officials: an executive with Europe's largest oil and gas company and a government official from Europe's largest oil producing country.Keynote speakers Lew Watts, of Royal Dutch/Shell Group's gas and power unit, and Einar Steensnæs, Norway's petroleum and energy minister, delivered what was touted in the WPC pro...

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