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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

Chronicle:

OIL & GAS NEED $1 TLN
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

OIL & GAS NEED $1 TLN
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

OIL & GAS NEED $1 TLN
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

OIL & GAS NEED $1 TLN
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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