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: December 6, 2016
UAE. Knowledge Summit 2016: "Over 2 billion jobs will disappear by 2030 and that is the hidden results of our rapid technology growth. But, if we understand all these hidden consequences we can create jobs at a much higher rate".
date:Posted: December 5, 2016
UAE. Succession planning is the biggest challenge in the next five years; Middle East family businesses need to grow in double digits every year to sustain the family's intergenerational wealth; Slow or no progress on strategic planning could impact growth.
date:Posted: December 4, 2016
SAUDI ARABIA. Despite experiencing 30% growth in the last five years, e-commerce upside potential in the Kingdom of Saudi Arabia remains huge according to a BCG report.
dhgate