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
CAMERON AND SCHLUMBERGER FORM A NEW JOINT VENTURE

November 16, 2012

Cameron and Schlumberger announced the creation of OneSubsea™, a joint venture to manufacture and develop products, systems and services for the...

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PACIFIC KHAMSIN AWARDED CONTRACT IN WEST AFRICA

November 16, 2012

Pacific Drilling announced that its ultra-deepwater drillship the Pacific Khamsin has been awarded a contract by a wholly-owned indirect subsidiary of...

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SONGA MERCUR READY OFFSHORE CUBA

November 15, 2012

According to the last fleet update, Songa Offshore, the Cyprus based offshore drilling contactor, says that the semi submersible Songa Mercur completed...

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SMALL SCALE LNG TERMINALS

November 14, 2012

Founded in 1974, Houston based Waller Marine provides design, engineering, projects management, and construction services to marine and offshore oil and...

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HESS: SALE OF INTERESTS IN RUSSIA

November 14, 2012

Hess Corporation, the American oil and gas integrated oil compant based in New York, USA, announced today that as part of the company’s strategic...

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HELIX 534: REBIRTH OF A LEGEND

November 14, 2012

Houston based Helix Energy Solutions that it has been awarded contractual commitments for the Helix 534. The Helix 534 was acquired in August from Transocean...

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HUGE SHALE GAS RESERVES IN SOUTHERN PAKISTAN

November 14, 2012

Natural Gas Asia reports that Pakistan has 51 trillion cubic feet of shale gas in southern Pakistan which is technically recoverable while huge potential...

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RECORD HIGH PRODUCTION IN UKRAINE

November 13, 2012

Based in Warsaw, Poland, Kulczyk Oil Ventures, an international upstream oil and gas exploration and production company, is pleased to announce record...

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PARCOM ACQUIRES GUSTO MSC

November 13, 2012

SBM Offshore, a leader in floating production and mooring systems, in production operations and in terminals and services, based in Schiedam, Netherlands,...

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DROMBEG, SOUTHERN IRELAND: 870 MILLION BARRELS OF OIL

November 13, 2012

The Drombeg prospect lies in 8,200’ water depth and is  9,880’ below the seabed. It is located in the southern Porcupine Basin, 220 km...

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THE US OIL REVOLUTION

November 13, 2012

According to the EIA (US International Energy Agency) the USA will overtake Saudi Arabia as the world's top oil producer by 2017. The shale oil and gas...

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UPDATE OF LIUHUANGGOU CBM PROJECT IN CHINA

November 12, 2012

The Canadian Petromin Resources announces that its subsidiary TerraWest Energy is moving forward with exploration activities in the field at its Liuhuanggou...

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