Posted June 10, 2015
BloombergBusiness – The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields.
U.S. oil production (green line in chart, left) rose to a record last year, gaining 1.6 million barrels a day, according to BP Plc’s Statistical Review of World Energy released on Wednesday. Gas output also climbed, putting America ahead of Russia as a producer of the hydrocarbons combined.
The data showing the U.S.’s emergence as the top driller confirms a trend that’s helped the world’s largest economy reduce imports, caused a slump in global energy prices and shifted the country’s foreign policy priorities.
“We are truly witnessing a changing of the guard of global energy suppliers,” BP Chief Economist Spencer Dale said in a presentation. “The implications of the shale revolution for the U.S. are profound.”
Posted June 9, 2015
BP Magazine – Why is natural gas the fuel of the future? Despite pressures on the industry today – with gas prices down and capital investment under pressure – longer term trends still point to the increasing significance of natural gas in the energy mix. BP Magazine looks at some of the numbers behind the story of the world’s strongest-growing and cleanest fossil fuel.
Over the next 20 years, natural gas is expected to catch up with oil and coal and emerge as the main hydrocarbon component of a more sustainable energy mix. The fastest-growing fossil fuel – which is primarily methane – is mainly used for power generation, as well as in homes, offices, shops and other commercial locations for heating and cooling. It’s also a raw material in the production of fertilizer and other chemicals – and it is sometimes used as a fuel for transport as well.
Posted April 24, 2015
To identify members of API’s second Emerging Leaders Program as “millennials” would really be oversimplifying things. Sure, they generally fit that age demographic, but they’re not being defined by such a generalized label. Rather, they’re defining themselves in the professional world – which surely is a reason their companies nominated them to participate in a program that focuses on future industry leadership, which included joining API at IHS Energy’s annual CERAWeek conference in Houston.
This year’s program centered on how modern politics impacts the oil and natural gas industry. Specifically, the curriculum examined the growing importance of public policy, advocacy and mobilization within daily industry operations and underscored the importance of political participation.
Still, much of the context for these discussions involves the career expectations and experiences of the emerging leader cohort – which in some ways reflect the aspirational trends of the larger generational grouping. Just don’t pigeon-hole them as “millennials.”
During our conversation at CERAWeek there was agreement that the oil and natural gas industry fits with younger career people (whatever you call them) who are adaptable, appropriately ambitious and invested in the notion of making a difference.
Posted April 22, 2015
Just a few minutes after BP Group Chief Executive Robert Dudley addressed a CERAWeek luncheon crowd on post-Macondo efforts that have seen the company spend more than $44 billion on Gulf response and cleanup, I talked with Center for Offshore Safety Executive Director Charlie Williams about the center’s work to increase the safety culture in offshore energy development. Williams, who was named to his position in March 2012, talked about systems approaches to safety and what the center has learned about offshore safety in its first annual performance report, issued earlier this month. Highlights of the conversation below.
Posted November 16, 2012
Posted April 20, 2011
Posted April 12, 2011
Jane Van Ryan
Posted December 16, 2010
Jane Van Ryan
Posted November 9, 2010
Jane Van Ryan
Posted September 8, 2010