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
SEMBCORP TO CONSTRUCT JOHAN CASTBERG FPSO

November 10, 2017

Statoil is signing a letter of intent with Sembcorp Marine Rigs & Floaters Pte. Ltd in Singapore for the construction of the hull and integrated living...

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NOBLE PAUL ROMANO WINS CONTRACT EXTENSION

November 10, 2017

Houston based Noble Corporation advised it has secured a contract extension for the deepwater semi-submersible Noble Paul Romano currently drilling for...

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NIGERIA: HALLIBURTON TO OPEN AKWA IBOM TRAINING AND RESEARCH CENTER

November 10, 2017

Halliburton announced that it worked with the Akwa Ibom state government to inaugurate and open Nigeria’s first oil and gas training center fully-equipped...

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SCHLUMBERGER RESERVOIR LABORATORY INAUGURATED IN HOUSTON

November 10, 2017

The newly expanded Schlumberger reservoir laboratory located in Houston, Texas, was inaugurated. The state-of-the-art lab enables petrotechnical experts...

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VICTORIA HITS GAS AT LOGBADA ONSHORE CAMEROON

November 09, 2017

On 7 th November, Victoria Oil and Gas advised that the well La-108 has been successfully drilled to its planned TD of the 6” hole section at 2,865m...

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EXPRO TO TEST INEOS BREAGH WELLS

November 09, 2017

Leading international oilfield services company, Expro, has been awarded a two year contract to provide well testing services for INEOS, a global manufacturer...

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TOTAL ACQUIRES ENGIE LNG BUSINESS

November 09, 2017

Total has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49...

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CMA CGM TO USE LNG TO POWER FUTURE CONTAINER SHIPS

November 09, 2017

On the occasion of the COP23 in Bonn (Germany), the CMA CGM Group, a world leader in maritime transport, is pleased to announce its decision to equip its...

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ExxonMobil AND SINGAPORE TO CREATE SINGAPORE ENERGY CENTER

November 08, 2017

Researchers from the United States and Singapore will soon collaborate to pave the way for advancements in energy efficiency and create the Singapore Energy...

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VANTAGE EMERALD DRILLER WINS TWO-YEAR CONTRACT EXTENSION

November 08, 2017

Vantage Drilling International announced today that it has been notified that its drilling services contract for the Emerald Driller will be extended for...

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ENERGY FUELS SELLS NORTH URANIUM CREEK ASSETS IN WYOMING

November 08, 2017

Energy Fuels, a leading producer of uranium in the United States, is pleased to announce that it has entered into an agreement to sell certain non-core...

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CHC BRINGS AW189 HELICOPTER INTO AUSTRALIA

November 08, 2017

CHC Group announced it will be the first helicopter operator to introduce the new generation super-medium AW189 aircraft into Australia. The three AW189s...

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