BP ENERGY OUTLOOK 2018

BP Energy Outlook 2018 explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. It shows how rising prosperity drives an increase in global energy demand and how that demand will be met over the coming decades through a diverse range of supplies including oil, gas, coal and renewables Spencer Dale, group chief economist said: “We are seeing growing competition between different energy sources, driven by abundant energy supplies, and continued improvements in energy efficiency. As the world learns to do more with less, demand for energy will be met by the most diverse fuels mix we have ever seen.” Highlights of the Energy Outlook: • The speed of the energy transition is uncertain  • Fast growth in developing economies drives up global energy demand. • The global energy mix is the most diverse the world has ever seen by 2040. • Renewables are by far the fastest-growing fuel source, providing 14% of primary energy. • Demand for oil grows over much of Outlook period before plateauing in the later years. • Natural gas demand grows strongly and overtakes coal as the second largest source of energy. • Oil and gas together account for over half of the world’s energy • Carbon emissions continue to rise.

   BP ENERGY OUTLOOK 2018
BP BACK TO SOLAR WITH LIGHTSOURCE

December 18, 2017

Lightsource and BP today announced that they have agreed to form a strategic partnership, bringing Lightsource’s solar development and management expertise...

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1947: THE BIRTH OF HYDRAULIC FRACTURATION

December 17, 2017

The birth of oil well stimulation using hydraulic fracturation started with and in-depth study from Floyd Farris of Stanolind Oil & Gas Corp. From...

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MUREX TANKER – SHELL’s VOYAGE THROUGH HISTORY

December 16, 2017

125 years after Shell's first oil tanker delivered kerosene to Asia, a ship by the same name has made its first delivery of liquefied natural gas to China. Sailing...

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Aker BP SUMITS PLANS TO DEVELOP SKOGUL, VALHALL AND AERFUGL FIELDS

December 16, 2017

Aker BP ASA has submitted the plan for development and operations (PDO) for the Skogul field (formerly Storklakken) to the Norwegian Ministry of Petroleum...

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SOLAR ENERGY SHINES ON BURKINA FASO

December 15, 2017

Created on a turnkey basis by Omexom (VINCI Energies), the Zagtouli solar power plant, located in the suburbs of Ouagadougou, in central Burkina Faso,...

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PETROBRAS AND ExxonMobil FORM STRATEGIC ALLIANCE

December 15, 2017

Petrobras and ExxonMobil today signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business...

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BP SUPERCOMPUTER WORLD’s MOST POWERFUL FOR COMMERCIAL RESEARCH

December 15, 2017

  BP has more than doubled the total computing power of its Center for High-Performance Computing (CHPC) in Houston, making it the most powerful...

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PETROFAC SECURES SUBSTANTIAL CONTRACT FROM BASRA OIL COMPANY

December 14, 2017

Petrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known...

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ExxonMobil ACQUIRES INTERESTS IN MOZAMBIQUE AREA 4

December 14, 2017

ExxonMobil announced the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s...

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GE HALIADE 6MW NACELLES DEPART FOR MERKUR WINDFARM

December 14, 2017

GE Renewable Energy announces the depart of the last set of nacelles to be shipped this year to Merkur's Offshore Windfarm logistical hub in Eemshaven...

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PETROFAC WINS $800 MILLION CONTRACT FOR KHAZZAN PHASE 2 IN OMAN

December 14, 2017

Petrofac has been awarded a lump-sum contract worth approximately US$800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan...

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YAMAL LNG SHIPS FIRST LNG CARGO

December 13, 2017

PAO Novatek announced today that Yamal LNG has shipped the first LNG cargo containing 170 thousand cubic meters. The first cargo was sold to PETRONAS LNG...

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