Gas could replace oil as America's primary energy source by 2030, finds OTC poll
Source: GL Noble Denton , Author: Posted by BI-ME staff
Posted: Wed May 2, 2012 12:54 pm
china wholesale market

INTERNATIONAL. Delegates at the Offshore Technology Conference in Houston say that gas will overtake oil to become America’s primary energy source by 2030, according to a poll conducted by GL Noble Denton.

INTERNATIONAL. A drive to increase unconventional gas production in the United States could cause gas to replace oil as America’s primary energy source, according to a poll conducted yesterday at the Offshore Technology Conference (OTC) in Houston.

56% of participants thought that gas will replace oil to become the country’s principal source of energy over the next 18 years, while 44% thought that oil would remain dominant.

The Industry Snapshot Poll was conducted by global independent technical advisor GL Noble Denton on the first day of OTC, which is expected to attract nearly 80,000 oil and gas professionals from more than 100 countries. The poll was also completed online by senior players across the industry.

Pekka Paasivaara, Member of the GL Group Executive Board, said: “The American unconventional gas market is rapidly changing the local energy landscape. Shale gas accounted for barely 2% of US natural gas production a decade ago. Today it is approaching 30% and rising.

“The result of this poll highlights the extent to which the American gas ‘revolution’ could grip the local energy market. The US currently stands as the world’s third largest oil producer, and our poll demonstrates significant industry confidence in the ability for the local unconventional gas market to compete.”

GL Noble Denton is conducting three Industry Snapshot Polls this week, one for each full day of OTC. Delegates are also being asked to vote on whether oil and gas operators should always be liable for exploration and production risks, and if US investment in deepwater research and development has stalled since the Macondo incident two years ago.

To participate in the poll, visit GL Noble Denton at booth number 2241-K. Participants will be entered into a prize draw to win a new iPad after the show.

The results of the polls will be available from: www.gl-nobledenton.com

About GL Noble Denton
GL Noble Denton, part of the GL Group, is an independent technical advisor to the oil and gas industry. With a presence in over 80 countries, the business applies global best practice in safety, integrity and performance across the lifecycle of its clients' on- and offshore assets and operations.

For further information, please visit: www.gl-nobledenton.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 4, 2015
UAE. The Middle East's 16 largest centres of economic growth could have substantial risk from a series of threats over the next decade, according to research for Lloyd's.
date:Posted: September 4, 2015
IRAQ. Iraq benefits from massive oil reserves and exports; Projected large increases in production will support economic growth and help alleviate fiscal and external pressures.
date:Posted: September 4, 2015
EGYPT. A new IFC-supported report by Wamda Research Lab finds that although support for start-ups has grown substantially, many challenges remain, hindering job creation and economic growth.
EGYPT. A new IFC-supported report by Wamda Research Lab finds that although support for start-ups has grown substantially, many challenges remain, hindering job creation and economic growth.
dhgate