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Benefits of oil and gas

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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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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1977/1997/2017

Discovered 1977, Production 1997, Strong Investment 2017: The North Sea’s Captain Field still going strong, operated by our Member Chevron Source: Chevron

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10.3 million

Oil and Natural Gas supported 10.3 million jobs in the U.S. and contributed $1.3 trillion to the U.S. economy in 2015 Source: API , (See also, API fact sheet )

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+50%, -16%

…the growth of US natural gas production between 1990 and 2015 – largely as a consequence of the shale revolution; and the decline of total methane emissions from natural gas during the same period – despite production growing by half. Source: ExxonMobil, Perspectives blog

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3

3 IOGP Members (Statoil, Shell and Total) have announced a partnership to store CO2 offshore Norway. Source: Statoil  

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$1 Trillion

Norway’s Oil and Gas fund is now worth over $1 trillion.  Money to spend on health, education and infrastructure. One of the many advantages of oil and gas production. Source: Norges Bank Investment Management (NBIM)

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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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