UBS Warburg Hosts Global Energy Conference

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NEW YORK, May 20 /PRNewswire-FirstCall/ -- The UBS Warburg Global Energy Conference begins today at the Phoenician in Scottsdale, Arizona and runs through Thursday, May 22.  The Conference will feature presentations by 48 senior executives from a comprehensive group of integrated oil, oilfield services and equipment companies and oil and gas exploration and production companies.

The past 12 months have been particularly eventful for the global oil and gas industry.  Tax changes in the UK, political tensions in Venezuela and Nigeria, a normal winter in the Northern Hemisphere, and war in the Middle East have all had a significant impact on oil and gas prices and energy companies.  As a result of these forces, average oil and gas prices have generally been higher than expected, yielding stronger earnings and cash flows for producers and generating optimism among oilfield service companies. Another result of these forces has been rising investor interest in the sector over the past two months.

A keynote presentation will be made by Dr. Juan Jose Suarez Coppel, chief financial officer, PEMEX. During this presentation, Dr. Suarez Coppel will discuss the growing levels of energy investment underway in Mexico.  Pemex hassignificantly increased its investment in the industry, as the company seeksto grow its oil production capacity as well as increase its production of natural gas to meet rising domestic demand.

The Global Energy Conference underscores UBS Warburg's universal and comprehensive approach to covering the vast energy industries, with 100 energy companies covered by more than 25 research professionals.  This coverage extends to 12 countries, enabling cross-border and cross sector comparisons.

To access audio transmissions and conference agenda please go to the http://www.ubswarburg.com home page.  Find the conference link on the lower right hand side of the page and click on the link.  Audio transmissions of company presentations will be available live and by replay.  Replays will begin three hours after the actual presentation time and will be available on the site for a period of four weeks.

UBS Warburg is a business group of UBS AG (NYSE: UBS), one of the largest financial services firms in the world with more than 69,000 employees in 50 countries.  UBS Warburg is a leader in equities, corporate finance, M&A advisory and financing, financial structuring, fixed income issuance and trading, foreign exchange, derivatives and risk management.  UBS Warburg is one of four business groups of UBS AG along with UBS PaineWebber, UBS Global Asset Management and UBS Wealth Management & Business Banking.