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2014-09-08 18:30:00

SHELL: DOUBLING OIL & GAS DEMAND

SHELL: DOUBLING OIL & GAS DEMAND

The bulk of doubling energy demand between 2000 and 2050 is predicted to be met by oil and gas according to Royal Dutch Shell plc. The company's upstream director Andy Brown said a need for investment and prices will be driven by rising global energy demand.

"We are expecting renewables to take a larger share but by 2050, the vast majority of energy demand would be met by oil and gas," Brown said at a media roundtable.

On the recent news of Brent oil prices staying at around US $100 per barrel, Brown commented that that provides for ample opportunities for continuous investment in the sector.

He, however, cautioned that costs needed to be kept down to ensure ample returns to shareholders.

"We should be flexible with the oil prices but at the same time we need to drive costs down (more so) if the oil price becomes weak.

"Costs are always a challenge and we have to manage costs as well," he added.

arabianoilandgas.com

Tags: SHELL, OIL, GAS

Chronicle:

SHELL: DOUBLING OIL & GAS DEMAND
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

SHELL: DOUBLING OIL & GAS DEMAND
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

SHELL: DOUBLING OIL & GAS DEMAND
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

SHELL: DOUBLING OIL & GAS DEMAND
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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