Energy transition

The energy industry is in a rapid transition, with growing competitive pressures and the critical long-term need to reduce global carbon emissions, BP Group Chief Executive Bob Dudley said in introducing this year’s BP Energy Outlook.

Even if EVs reach cost and performance parity with conventional combustion engines, a lot of questions remain about how long it will take for consumers to get comfortable that parity is real, and for manufacturers to turn over enough volume to make a big enough impact on the oil industry.

Oil and gas professionals may not consider solar power to be a serious threat, but it is poised to make serious inroads into the heating and cooling market.

The world still needs oil and gas, but it is also making room for renewable energy which will change how upstream companies do business.

Oil demand growth from the transportation sector, the linchpin of oil consumption, will slow to a trickle by 2035 and level off, while demand from the petrochemicals sector will become oil’s chief growth driver, the BP 2017 Energy Outlook says.

One person who has given a lot of thought to what the oil and gas industry might look like when it can no longer count on a growing consumption from the transport sector is Iskander Diyashev, an instructor for PetroSkills and a former SPE Director who is serving as an SPE Distinguished Lecturer in 2017–18 for the second time. His current lecture topic is The Future of…

A Canadian research organization believes the country’s oilfield technology could help another energy sector drive down its costs and it may work out for heavy oil producers too.

If a boom in electric vehicle sales takes place, a group of auto experts suggest it would represent a larger immediate threat to electricity supply than it would to oil demand.

The renewable energy sector is showing strong global growth, especially wind and solar power, but oil shows no sign of losing market share in the global energy mix.

Questions posed by 2015 SPE President Helge Hove Haldorsen