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2016-05-24 20:05:00

OIL & GAS NEED $1 TLN

OIL & GAS NEED $1 TLN

 

OIL GAS INVESTMENT 1985 - 2016

 

The oil and gas industry will need to invest up to $1 trillion per year even within the limits of the U.N.-backed goal of curbing global warming to 2 degrees, Royal Dutch Shell's chief executive said on Tuesday.

"If collectively we find a way to stay within the 2 degree (Celsius limit), we will still need significant investment in oil and gas. I am not talking about a few millions, I am talking about up to a trillion dollars every year that industry has to invest just to stay within 2 degrees in oil and gas," Ben van Beurden said at the company's annual shareholder meeting in The Hague.

Major Shell shareholders, including Dutch pension fund PGGM, have criticised the company's climate change policy in recent years, saying it should focus more on renewable energy.

reuters.com

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Earlier: 

U.S. ENERGY DEBT: $370 BLN 

CHEVRON WILL CUT BUDGET BY 17% 

MAJORS INVESTMENTS 

SAUDI'S REALITY 

CHINA INCREASES EFFICIENCY 

JAPANESE DESIRES 

SAUDI VISION 2030 

CANADA INVESTMENT DOWN 62% 

SAUDI FUND $2 TRILLION 

OIL NEED $300 BLN 

RUSSIAN LNG AMBITIONS 

ИРАН ПРИГЛАШАЕТ В ПРОЕКТЫ 

UK INVESTMENT DOWN 90% 

IRAN IS A GOLD MINE

 

 

 

 

 

 

Tags: OIL, GAS, INVESTMENT

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EXXON - PETROBRAS ALLIANCE

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2017, December, 18, 12:10:00

EXXON BOUGHT MOZAMBIQUE

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OIL & GAS NEED $1 TLN
2017, December, 18, 12:05:00

U.S. RIGS DOWN 1 TO 930

U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.

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