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Benefits of oil and gas

Changing perspectives: ‘You learn to appreciate things that you previously took for granted’

What happens when your life alters in a split second and everything you know is thrown into disarray? As BP’s global head of operations, it’s Fuzzy Bitar’s job to lead teams around the world to produce oil and gas safely, reliably and efficiently every day. But, as he explains here, …

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40%

40%: China’s share of the growth in global gas demand in the next 5 years. According to the IEA, global gas demand is expected to increase 1.6%/year for the next 5 years.  Consumption by 2022 will reach almost 4 trillion cubic metres  tcm), up from 3.63 tcm in 2016. China will …

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2016

The year that gas first achieved virtual  parity with coal in generating electrical power in OECD nations. Source: International Energy Agency  

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1:15

Carbon Capture & Storage (CCS) technology can cut CO2 emissions from gas power plants by a factor 15. Full details at ExxonMobil  “Molecule by molecule: How carbon capture cuts CO2 emissions”  

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75%

US shale output is projected to grow in excess of 1m barrels a day next year, or enough to meet around 75% of anticipated global demand growth. Source: Financial Times ‘Traders grapple with US crude conundrum’ (Paywall)  

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1.5 million

…The average number of additional barrels of oil per day needed to meet increasing petroleum  demand in 2017, according to the International Energy Agency (IEA).  Total daily consumption is now about 97 million barrels per day, the IEA says. Source: International Energy Agency      

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A broad carbon tax coalition

By Pete Trelenberg, ExxonMobil’s environmental policy and planning manager. For some time now, it’s been apparent that a uniform price of carbon applied consistently across the economy is a sensible approach to reducing emissions. Specifically, a revenue-neutral carbon tax is one option being considered by policymakers that offers the best prospects …

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Natural gas is key to solving climate change 

By Marco Alverà, President of GasNaturally. Fighting climate change and improving air quality are among the most pressing challenges of our time. Natural gas will play a significant role in addressing these challenges. For Europe, 2017 and 2018 are crucial years as 3 major pieces of legislation are being discussed: the Clean Energy Package, the Emissions Trading System Reform, and the Mobility Package. Central to the debate of all of these initiatives is the use of …

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7

Our ‘Everyday uses of oil’ infographic is now available in 7 seven languages Whether as a fuel or a feedstock: oil is an integral part of your daily life. Visit Oil in everyday life to download the info-graphic.  

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8

8 reasons to switch from Coal to Natural Gas. Natural gas outperforms coal in eight emissions parameters: Carbon Dioxide Carbon monoxide Sulfur dioxide nitrogen dioxide Particulate matter Mercury Cadmium lead Read Luca Longo’s blog on eniday for all the details.  

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