Oil Exploration, Production & Service Companies plus Hydrocarbon Rich States begin a speedy transition away from Oil & Gas to build a clean energy future for our World. Choosing to invest in Clean Energy rather than make further investment in Expensive Offshore Exploration & Production Facilities.
The likely huge growth of electric vehicles, geothermal energy, wind and solar power will cause a matching decline in the need for hydrocarbons and nuclear power!
So Hydrocarbon Businesses like BP and Hydrocarbon Rich States like Qatar, Libya and Algeria are actively investing in the transition to meeting the demand for clean eco-energy. They now have a leading involvement in:
1. Drilling Geothermal Wells and building GeoThermal Power Stations around the World.
2. Building more eco-friendly New Hydrocarbon Power Stations based on Hydrogen Generation plus Carbon Capture & Storage to redevelop existing Oil & Gas Fields!
3. Owning and developing Wind Energy Technology and Generation Capacity.
4. Owning and developing Mega/GigakW output Solar Technology and Generation Capacity.
4. Strategic Investment in Energy Storage Technology etc.
Perhaps a future UK government will look at Incentives and Laws to further speed geothermal energy investment and this transition, with the aim of exceeding the European eco-targets set for 2020 & 2050!
Showing posts with label rig count. Show all posts
Showing posts with label rig count. Show all posts
Monday, 10 August 2009
Friday, 24 July 2009
Low global oil production leading to higher oil price levels at demand levels below 2008
The oil rig count is expected to increase as drill bit ordering rises, as the oil industry forecast an increase in oil prices with some high spikes!
Will this further fuel green business and the development of alternative-energy technology?
Will this further fuel green business and the development of alternative-energy technology?
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