Deloitte: Oil and gas to remain dominant energy source for next 25 years
09/12/2010
Deloitte’s 2011 Oil & Gas Reality Check report, analyses the oil and gas trends and issues for the year ahead.


Fuente: http://www.consultant-news.com  Fecha: 9.12.2010

Deloitte: Oil and gas to remain dominant energy source for next 25 years

Oil price is viewed as a global, unified measure of the economic recovery and while economic indicators have been bearish of late, oil prices are still rising. Deloitte’s 2011 Oil & Gas Reality Check report, analyses the oil and gas trends and issues for the year ahead, the future of deepwater drilling, where the next alternative energy source will be found, and the growing influence of Asia on the industry.

Carl Hughes, head of Deloitte’s UK Energy practice comments: “Oil continues to be a significant driver of the economic recovery - oil and gas companies need to look beyond the short-term and focus on developing sustainable practices that can stimulate long-term growth.

“The past year has seen the oil and gas industry face some serious challenges. This report shows that predicting the course of the industry over the next year will help executives put in place strategies that will not only help their organisations ride out the economic recovery, but also emerge stronger.”

Key findings:

• Oil and gas companies continue to invest in the North Sea. A record 356 exploration licenses for the North Sea were granted in the most recent round of approvals, with no sign of a slowdown in interest in that area.

• Asia continues to develop as a centre of oil & gas activity. Asian national oil companies have adopted increasingly aggressive tactics in pursuing upstream acquisitions. In particular, China’s domestic unconventional gas production is set to skyrocket. China’s GDP growth, when combined with the Republic’s determination to diversify its fuel supplies and to create a low-emissions environment, bodes particularly well for the future of liquefied natural gas markets. Russia is also increasingly focused on exporting more oil and gas to Asia.

• Oil and gas will continue to constitute the majority of the world’s energy supply over the next 25 years. Despite significant progress in developing renewable and other alternative energy sources, deepwater drilling continues with oil and gas producers re-examining their safety policies.

• Recent discoveries of unconventional gas in North America will demand new markets. According to the report, shale gas in particular is swiftly becoming a game-changer for the US and Canada.