June 2010

Trends and Resources

HP Impact: Energy future must include mix of renewables

Meeting ever-rising demand with hydrocarbon reserves that are becoming more difficult and expensive to exploit will require a makeover of the oil and gas industry over the next 40 years, a panel of o..

Thinnes, Billy, Hydrocarbon Processing Staff

Meeting ever-rising demand with hydrocarbon reserves that are becoming more difficult and expensive to exploit will require a makeover of the oil and gas industry over the next 40 years, a panel of operators and government officials told a general session at the Offshore Technology Conference (OTC), held in Houston the first week of May. With even the most conservative mainstream forecasts showing energy consumption rising by more than 40% over the next 20 years, the pressure on identifying and developing new conventional and unconventional fossil fuel reserves will be intense, the panelists said. At the same time, it also is incumbent on traditional oil and gas companies to help furthe

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