Tag: energy outlook

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.

Costa Cruises released its 2015 Sustainability Report detailing the company’s sustainability efforts based on responsible innovation and the creation of value which enabled it to meet its corporate goal in the environmental field, to reduce its energy consumption by 4.8 percent year on year and its carbon footprint by 2.3 percent year on year in 2015.

The U.S. Energy Information Administration projects that U.S. petroleum and other liquid fuels production, which in addition to crude oil and condensate production includes natural gas plant liquids derived from natural gas processing as well as biofuels and volume gain at refineries, is projected to grow from 14.8 million barrels/day (b/d) in 2015 to 18.6 million b/d in 2040 in its Annual Energy Outlook 2016 (AEO2016) Reference case.

According to US Energy Information Administration, three fossil fuels—petroleum, natural gas, and coal—have provided more than 80% of total U.S. energy consumption for more than 100 years. In 2015, fossil fuels made up 81.5% of total U.S. energy consumption, the lowest fossil fuel share in the past century.

DNV GL’s Group President & CEO Remi Eriksen explains what our energy future will look like, based on the recently published Technology Outlook report.

BP’s Energy Outlook projects that the so-called ‘shale revolution’ will continue, with shale gas more than doubling its share of the market. Technological innovation and productivity gains have unlocked vast resources of tight oil and shale gas, causing us to revise the outlook for US production successively higher.

According to BP’s Energy Outlook, the growth rate of carbon emissions more than halves, driven by faster efficiency gains and the changing fuel mix.

According to BP’s Energy Outlook, energy consumption is expected to increase by 34% between 2014 and 2035. The extra energy is required because of the expected growth in the world economy as well as the rising global population.