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
ECOPETROL FINDS OIL IN NORTHERN COLOMBIA

September 07, 2012

Ecopetrol, the Colombian state led energy company, based in Bogota, announced that it has discovered crude oil at its Aullador-1 exploratory well in the...

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REPSOL REPORTS A GAS FIND IN PERU

September 07, 2012

The Spanish Repsol has made a new gas discovery in block 57 in Peru’s Amazon region. The well, known as Sagari, was successful in two different formations,...

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ULSTEIN DELIVERS SECOND PX121

September 07, 2012

The Norwegian shipbuilder Ulstein Verft delivered ‘Blue Prosper’, the second of six medium-sized platform supply vessels (PSV) of PX121 design...

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IRELAND’s BARRYROE FIELD GETTING BIGGER

September 07, 2012

Providence, the Irish energy company based in Dublin announced that there is an additional 778 million barrels of oil on a P50 basis and 1,165 m bbls on...

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THREE-YEAR CONTRACT FOR OCEAN RIG MYLOS

September 06, 2012

Ocean Rig, the Norwegian offshore drilling contractor based in Nicosia Cyprus announces that it has finalized a three-year contract with Repsol Sinopec...

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UKRAINE TO BUILD A LNG TERMINAL

September 06, 2012

The Ukrainian government approves in August the feasibility study of the construction of the LNG terminal. Technical development of the station will be...

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ARABIAN GULF OIL NEW FIND IN LIBYA

September 06, 2012

National Oil Corporation (NOC), the national oil company of Libya announced that its wholly owned subsidiary Arabian Gulf Oil, has discovered oil and gas...

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SHELL STARTED SHALE GAS EXPLORATION IN EASTERN TURKEY

September 05, 2012

According to the Turkish Energy Miister shell  started drilling Saribugday-1 in the Diyarbakir province in the southeast part of the country. The...

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FINAL JOINT FOR THE NORTH STREAM PIPELINE

September 05, 2012

The Russian giant Gazprom announced that the final joint at the second string of the Nord Stream gas pipeline was welded in the Portovaya Bay near Vyborg.....

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SCARABEO 8 SUFFERS A SERIOUS INCIDENT IN THE BARENTS SEA

September 05, 2012

The Barents Observer reports that the semi submersible Scarabeo 8 heeled while drilling for the operator Eni Norge at the Salina field in the Norwegian...

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A GOOD START FOR THE JACK UP “INNOVATION”

September 05, 2012

HGO InfraSea Solutions reported that its new jack up Innovation completed successfully its first operations for the Global Tech 1 project, 180km northwest...

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YPF TO INVEST $37.2 MILLION IN ARGENTINA’s SHALE OIL

September 04, 2012

The Argentinian energy company YPF announced the discovery of a new reserve of unconventional oil and gas located in the provinces of Chubut and Santa...

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