Revealed: wealthy western biggies countries lead in global oil and gas expansion, while ASIA looks towards green energy
1. United Kingdom (UK):
Investment: New North Sea oil and gas licenses granted by the UK government.
Volume: Unlocking vital reserves for steady supply. Timeline First licenses awarded soon, with further rounds planned.
2. United States (US):
Investment: Leading global oil supply expansion (80% of increase this year).
US production to grow by 850,000 barrels per day (b/d).
Timeline: Ongoing expansion with significant projects.
3. Qatar:
Investment: Expanding natural gas output from the North Field.
Volume: New North Field expansion adds 16 million tonnes of LNG per year.
Timeline: Completion by the end of this decade.
4. Australia:
Investment: Awards for petroleum exploration and carbon capture. Volume: Exploration permits in Otway and Sorrell Basins. Timeline Ongoing exploration and investment.
5. China:
Investment: Clean energy leader, robust growth in renewables.
Volume: Solar PV, wind, and nuclear capacity.
Timeline: Continued low-emission power investment.
6. India
ONGC: ₹30,800 crore = $3.67 billion¹.
GAIL: ₹4,886 crore = $582 million.
BPCL: ₹2,000 crore = $238 million.
IOCL: ₹27,374.04 crore = $3.26 billion.
Oil India Limited: ₹6,880 crore = $820 million.
OVL: ₹5,580.01 crore = $665 million.
Originally published on LinkedIn on 2024-07-24 14:31:29: https://www.linkedin.com/feed/update/urn%3Ali%3AgroupPost%3A1786018-7221884703610400770
Revealed: wealthy western biggies countries lead in global oil and gas expansion, while ASIA looks towards green energy
1. United Kingdom (UK):
Investment: New North Sea oil and gas licenses granted by the UK government.
Volume: Unlocking vital reserves for steady supply. Timeline First licenses awarded soon, with further rounds planned.
2. United States (US):
Investment: Leading global oil supply expansion (80% of increase this year).
US production to grow by 850,000 barrels per day (b/d).
Timeline: Ongoing expansion with significant projects.
3. Qatar:
Investment: Expanding natural gas output from the North Field.
Volume: New North Field expansion adds 16 million tonnes of LNG per year.
Timeline: Completion by the end of this decade.
4. Australia:
Investment: Awards for petroleum exploration and carbon capture. Volume: Exploration permits in Otway and Sorrell Basins. Timeline Ongoing exploration and investment.
5. China:
Investment: Clean energy leader, robust growth in renewables.
Volume: Solar PV, wind, and nuclear capacity.
Timeline: Continued low-emission power investment.
6. India
ONGC: ₹30,800 crore = $3.67 billion¹.
GAIL: ₹4,886 crore = $582 million.
BPCL: ₹2,000 crore = $238 million.
IOCL: ₹27,374.04 crore = $3.26 billion.
Oil India Limited: ₹6,880 crore = $820 million.
OVL: ₹5,580.01 crore = $665 million.
Originally published on LinkedIn on 2024-07-24 14:31:21: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7221884667694600193
