VIDEO: The future of oil and gas
Published by Angharad Lock,
Digital Assistant Editor
Hydrocarbon Engineering,
Andreas Kleinschmidt interviews the Head of Research at the Organization of Petroleum Exporting Countries (OPEC), Dr. Omar Abdul-Hamid, on the future of oil and gas over the next 20 years. Abdul-Hamid commented that the ‘end of oil is near’ speculation has been “exaggerated” and that there is enough to “support the needs of demand”.
“Moving forward to the long-term, by 2040 we continue to anticipate 111 million barrels of oil demanded per day,” he added.
Commenting on the availability of alternative fuels, Abdul-Hamid said: “Oil will continue to be, at least in our forecast, a dominant source of energy, specifically, in transportation because there is continuous investment into the combustion engine.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/16102015/video-the-future-of-oil-and-gas-1615/
You might also like
Get connected
Industrial operators that take advantage of the latest digital and automation asset performance management (APM) tools can look forward to improved operational efficiency, reduced downtime, and a proactive maintenance culture. Stacey Jones, ABB Energy Industries, explains.