In its recently-published International Energy Outlook for 2018, EIA forecasts that India's energy consumption is projected to grow faster than the rest of the world through 2040, along with China's and Africa's. However, Indian consumption levels do not reach those in China or the US in the next two decades.
Nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s primary energy source in the mid-2030s, according to a survey by DNV GL, which reveals a growing confidence in the case for gas.
The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to IEA's World Energy Outlook 2017.
DNV GL says that the world energy system undergoes a major transition towards 2050 and this will have significant implications for shipping. Overall the demand for seaborne transport will increase with 60% by 2050, with the pace of growth being highest up to 2030, and with notable differences between the various shipping segments.
Results highlight an ongoing sense of confusion and lack of preparedness, with 70% of respondents saying that they do not believe the industry is ready for the deadline. The makeup of the marine fuel mix in 2020 and beyond is a clear area of concern, with wide-ranging views from the industry.
DNV GL issued its Energy Outlook report for 2017, to provide an understanding of the energy future, emphasizing that, over the next three decades, the world’s energy system will decarbonize and change in many ways.
A new research by DNV GL shows oil and gas companies seeking to rebalance business portfolios and reorganizing for a new era. In a period of drawn-out recovery, almost half of senior oil and gas professionals surveyed expect their businesses to diversify into, or invest more in, opportunities outside of oil and gas. Diversification, consolidation and ongoing efficiency measures will be hallmarks of 2017.
With more people using energy to improve their lives, global demand for energy is expected to climb about 25 percent higher in 2040 than it was in 2015, ExxonMobil said in the 2017 edition of The Outlook for Energy.
The latest edition of the World Energy Outlook, issued by IEA, sees broad transformations in the global energy landscape and predicts increase on the demand for oil, mostly because of the lack of easy alternatives to oil in road freight, aviation and petrochemicals.