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2015-02-20 22:15:00

BP DOESN’T SEE

BP DOESN’T SEE

While registering an increase in global production of shale gas, BP said that significant unconventional hydrocarbon productions remain unlikely in Europe at least till 2035.

'Renewables, shale gas, tight oil and other new fuel sources in aggregate grow at 6% p.a. and contribute 45% of the increment in energy production to 2035' reads the BP Energy Outlook 2035.

The British company estimated that Asia Pacific and North America are the regions with the highest levels of remaining technically recoverable shale gas. Europe and Eurasia is the second last region, before the Middle East.

According to the forecasts, US shale gas production should grow by 4.5% a year, 'although growth rates moderate gradually.' By 2035, US and China are expected to produce 85% of global shale gas.

"We don't see any shale production of any great significance in Europe and the UK by 2035," BP's chief economist, Spencer Dale, commented during the presentation of the Energy Outlook 2035.

naturalgaseurope.com

Tags: BP, SHALE, GAS, EUROPE

Chronicle:

BP DOESN’T SEE
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

BP DOESN’T SEE
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

BP DOESN’T SEE
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

BP DOESN’T SEE
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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