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

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: November 20, 2014
INTERNATIONAL. The trajectory of Japan's economy has much to teach us about the wisdom of Keynesian policies. Those who are not blinded by left-wing dogma should take a good look at where the road of permanent stimulus ultimately leads.
date:Posted: November 20, 2014
INTERNATIONAL. The path to the acceptance of the participatory approach to development was forged, through trial and error, over several decades until the 1990s, when its global recognition by development practitioners became well-established.
date:Posted: November 20, 2014
INTERNATIONAL. There is a high degree of uncertainty over how the Iranian negotiations and the OPEC meeting will play out, but the end of November will be hugely important for energy markets.
dhgate