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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
2018, January, 22, 08:20:00

RUSSIAN NUCLEAR POWER - 2017

WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.

SHELL: DOUBLING OIL & GAS DEMAND
2018, January, 22, 08:15:00

INDIA'S NUCLEAR POWER - 2017

WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.

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2018, January, 22, 08:10:00

CHINA'S NUCLEAR POWER - 2017

WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.

SHELL: DOUBLING OIL & GAS DEMAND
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U.S. - RUSSIA'S NUCLEAR

PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.

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