Future exploration and production of oil and gas depend on sustainable prices in the global energy market, as Felicia Jackson reports
Oil & Gas Outlook
Around 70 per cent of the UK’s current energy demand is met by oil and gas. Reports vary greatly on the topic of oil supplies and many are in the dark regarding the composition of our future energy mix. This report bridges the information gap on key challenges facing the North Sea oil and gas industry, including debate around fracking for shale gas, decommissioning and the high price of oil, in their impact on meeting global rates of energy consumption.
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In this report
There is still plenty of oil and gas under the oceans and we need to recover it if we are to satisfy rising global energy consumption, writes Rohan Boyle
John V. Mitchell, associate research fellow at Chatham House, the Royal Institute of International Affairs, sketches the changing shape of the global oil and gas industry – and concludes that there are no certainties
When governments and other national stakeholders take control of oil and gas reserves, there can be disadvantages as well as the seemingly obvious advantages, writes Jim McClelland