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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, November, 19, 11:20:00

U.S. SECURITIES OUTFLOW $29.1 BLN

U.S. DT - The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $29.1 billion. Of this, net foreign private inflows were $23.5 billion, and net foreign official outflows were $52.7 billion.

OIL GAS NEED $1 TLN
2018, November, 19, 11:15:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.

OIL GAS NEED $1 TLN
2018, November, 19, 11:10:00

GREEN NUCLEAR ENERGY

WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".

OIL GAS NEED $1 TLN
2018, November, 19, 11:05:00

SAUDIS, PAKISTAN INVESTMENT: $6 BLN

ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.

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