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
PACIFIC SCIROCCO: ONE MORE YEAR OFFSHORE NIGERIA

May 27, 2012

The Luxembourg  based offshore rig contractor announced that the French giant Total has elected to extends the actual contract for the Pacific Scirocco...

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FRED OLSEN ORDERS A NEW ULTRA-DEEPWATER SEMI SUBMERSIBLE

May 26, 2012

Norwegian Fred Olsen Energy has entered into a turnkey contract with Hyundai Heavy Industries, South Korea, for the building of a harsh environment ultra-deepwater...

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GALLIC ENERGY: NEWS FROM FRANCE

May 25, 2012

France’s daily oil needs with 1,87 million barrels/day are less than what they were  10 years ago (2 million barrels/day), thanks probably to...

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EIDE MARINE CAT A: 8 YEARS FOR STATOIL

May 25, 2012

Eide Marine Services have been awarded a contract from Statoil for supply of one CAT A Light Well Intervention Vessel inclusive work over and other services....

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WINTERSHALL TO GROW IN ARGENTINA

May 25, 2012

Wintershall from Kassel, Germany,  has been awarded the exploration permit for the Area Ranquil Norte by the Mendoza Province in Argentina; Total...

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WEST CALLISTO IN THE SHALLOW WATERS OF THE ANDAMAN SEA

May 25, 2012

The Yadana gas field is located in the Andaman Sea, approximately 60 kilometers offshore the nearest landfall in Myanmar. This major energy resource contains...

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TETHYS TO EXPLORE THE SANDS OF LITHUANIA

May 25, 2012

Founded in 2001, Tethys Oil is a Swedish oil and gas explorer headquartered in Stockholm with assets in Sweden, Oman, France and Lithuania. The company...

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PHILEX TO EXPLORE THE REED BANK OFF PALAWAN

May 25, 2012

Philex Petroleum a fully owned subsidiary of Philex Mining Corp. headquartered in Makati, Philippines will likely begin start the drilling of two appraisal...

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BRAZILIAN HRT SECURES TRANSOCEAN MARIANAS

May 25, 2012

HRT, created in 2009, is a Brazilian oil and gas explorer headquartered in Rio de Janeiro with assets onshore Brazil in the Solimoes Baszin and offshore...

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EGYPTIAN WESTERN DESERT: OIL DISCOVERY FOR ENI

May 25, 2012

Eni has made a significant oil discovery at the Emry Deep exploration prospect, located in the Meleiha Concession, in the Western Desert of Egypt, 290...

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APPLE TO BUILD THE US LARGEST END-USER OWNED SOLAR ARRAY

May 20, 2012

The creators of the iPod, iPhone and iPad are continuously working toward the goal of achieving  a net zero energy program for corporate facilities worldwide....

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SAD DAY FOR CUBA

May 20, 2012

According to the USGS (US Geological Survey) there is a significant amount of undiscovered oil off Cuba. Repsol failed to find substantial oil in 2004...

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