Green Car Congress
APRIL 7, 2010
This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. Non-OPEC supplies are then expected to fall slightly in 2011, as declining production in mature areas more than offsets any new production growth.
Green Car Congress
DECEMBER 8, 2011
We believe these investments will yield significant production growth and reward our shareholders for years to come. By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 billion is planned for exploration and production activities, including major natural gas-related projects.
Green Car Congress
SEPTEMBER 27, 2014
In August, a groundbreaking ceremony was held in Ovadan-Depe near the capital of Ashgabad in Turkmenistan to launch the construction of a major plant focused on the conversion of natural gas into synthetic gasoline. Synthetic gasoline is a competitive alternative to refinery gasoline and new energy carriers. —Bjerne S.
Green Car Congress
NOVEMBER 13, 2011
The transport sector—which depends almost entirely on oil products, with 93% of all the fuel used in the sector being oil-based in 2010—remains the main driver of global oil demand as economic growth increases demand for personal mobility and freight. Biofuels make the biggest such contribution, as use grows from 1.3
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