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Benefits of oil and gas

Number crunching

By Olaf Martins, IOGP Global Engagement Manager As an economist by education and training, I find great comfort in numbers. You know where you are with a nice round figure – or even the occasional odd one.  There’s truth and certainty in numbers.   They keep you grounded in reality, while at …

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9

9 endorsements for IOGP’s safe fabrication sites recommended practices. Download the publication from the IOGP bookstore.  

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1,000

…The number of extra barrels of oil produced per each 8-hour shift every day for the past 1,000 days to meet rising global demand. According to the International Energy Agency, demand for oil will probably continue to rise between now and 2040. Source: IEA Word Energy Outlook 2017 and IOGP …

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Mitigating methane:  nobody’s perfect (but we’re working on it)

by Menelaos (Mel) Ydreos, Executive Director, Public Affairs, International Gas Union (IGU) One of the most memorable lines in film is from  the comedy, Some Like It Hot.  It comes at the very end when Jack Lemmon – in surprisingly convincing drag – confesses to ardent millionaire suitor Joe E. Brown that …

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5

The number of guiding principles to reduce methane emissions within the natural gas industry – as established by a coalition of eight international gas producers – all of which are IOGP members. Source: The Climate and Clean Air Coalition

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70%

70% of EU journeys are made by car. Low emission mobility solutions need to stay affordable & convenient. Source: European Automobile Manufacturers Association (ACEA)

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44%

Oil and Gas will supply 44% of global primary energy in 2050. Source: DNV GL energy outlook    

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3

The Oil and Gas Climate Initiative has invested in three ventures to reduce greenhouse gas emissions Source: OGCI    

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111

In a speech delivered at the Oil & Money conference, 19 October 2017, London, England, HE Mohammad Sanusi Barkindo, OPEC Secretary General said OPEC expects “demand to pass 100 mb/d in 2020 and to reach over 111 mb/d by 2040.  Let me stress that we see demand growing in every year of the Outlook.  There …

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