SPE Annual Technical Conference and Exhibition (ATCE)
George R. Brown Convention Center
Houston, Texas, USA
3–5 October 2022
11-12 April 2022 09:00-17:30 Amstterdam, The Netherlands
Big oil companies lost billions in 2020 because of the pandemic and face broad questions about how they will adapt to climate change and regulations.
General Motors further raised the stakes for the industry last week when it said it aimed to do away with internal combustion engines and sell only electric cars by 2035.
Clifford Krauss, “After a Bruising Year, the Oil Industry Confronts a Diminished Future”, The New York Time, 02/02/2021. https://www.nytimes.com/2021/02/02/business/energy-environment/exxon-mobil-bp-2020-loss.html
https://www.japantimes.co.jp/news/2020/11/13/business/fossil-fuels-electric-vehicles/
The world’s most powerful oil-producing nations have denied that oil demand may have already reached its peak and have claimed the world will continue to consume more fossil fuels for almost 20 years.
The research arm of the Vienna-based cartel said oil use would rise from just below 100m barrels a day last year to 109m barrels in 2045 after recovering from the severe slump in demand during the coronavirus pandemic.
“Oil will be needed for years to come, and even if demand plateaus in the long term, it will remain a key fixture in the energy mix,” the group’s report said. https://www.theguardian.com/business/2020/oct/08/opec-rejects-projection-that-global-demand-for-oil-has-peaked