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
MEXICO: INPEX SECURES POSITION IN THE SALINA BASIN DEEPWATERS

February 12, 2018

Japan’s Inpex announced that through its subsidiary Inpex E&P Mexico, it has made a successful joint bid in Mexico's second deep-water exploration...

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SIBERIAN HERO VIKTOR MURAVLENKO

February 11, 2018

Russian Engineer, Viktor Ivanovich Muravlenko born in 1912 in the Kuban region, the cradle of the Russian oil industry, is known as a veteran of Western...

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MONGOLIA – LAND OF ETERNAL BLUE SKY

February 10, 2018

Mongolia known as the Land of the Eternal Blue Sky with over 250 sunny days a year is the 18th largest and the most sparsely populated fully sovereign...

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TUAS MEGA PORT TO KEEP SINGAPORE RULING THE SEAS

February 10, 2018

Singapore has started the construction of the Tuas mega port. As the maritime industry in Singapore successfully navigates through challenges such as slowing...

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ARDISEIS AND CGG COMPLETE HIGHEST-DENSITY SEISMIC SURVEY EVER ACQUIRED

February 09, 2018

CGG and Ardiseis, subsidiary of the Arabian Geophysical and Surveying Company (ARGAS), the Middle East’s seismic acquisition specialist, have announced...

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HOEGH GIANT STARTS CONTRACT WITH GAS NATURAL FENOSA

February 09, 2018

Hoegh LNG Holdings Ltd. (Hoegh LNG) announces that the FSRU Hoegh Giant today commenced its time charter contract with Gas Natural SDG, SA (Gas Natural...

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ENI CONFIRMS CALYPSO DISCOVERY OFFSHORE CYPRUS

February 09, 2018

Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a...

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ABB ABILITY TO SUPPORT AL QUOZ SOLAR SYSTEM IN DUBAI

February 09, 2018

ABB technology is supporting the development of new smart solar power systems for the city of Dubai, United Arab Emirates using ABB Utility. Dubai Electric...

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ExxonMobil COMMISSIONS NEW ETHANE CRACKER IN BAYTOWN

February 08, 2018

ExxonMobil announced that a new 1.5 million ton-per-year ethane cracker at its Baytown, Texas complex is mechanically complete with commissioning progressing...

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ARCTECH DELIVERS MULTIFUNCTIONAL ICEBREAKER YEVGENY PRIMAKOV

February 08, 2018

SCF-Group indicated in the end of January the fourth vessel, NB 514, Yevgeny Primakov, was handed over for SCF-Group. The vessel’s name giving ceremony...

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AKER SOLUTION EXPANDS INTO OFFSHORE FLOATING WIND BUSINESS

February 08, 2018

Aker Solutions invested in floating wind power technology company Principle Power Inc., forming an alliance that brings its offshore oil and gas field...

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BENTHIC TO DEPLOY PROD IN THE CASPIAN SEA

February 08, 2018

Benthic, a global geosciences company based in Houston, has secured a contract for an offshore geotechnical investigation sing its PROD in the proposed...

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