ISES 2013  - Day 3 - Dr. Pierce Riemer (Director General, World Petroleum Council) - The Transition
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ISES 2013 - Day 3 - Dr. Pierce Riemer (Director General, World Petroleum Council) - The Transition

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Can We Close The Gap Between Renewable Technologies and Fossil Fuels? ...

Can We Close The Gap Between Renewable Technologies and Fossil Fuels?


The very last plenary session will highlight the challenges related to the transition in the energy sector: the big challenge on how to bridge the gap will be the main focus. A wide range of perspectives will be represented and the challenges we are facing as well as the solutions to these will be put on the table.

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ISES 2013  - Day 3 - Dr. Pierce Riemer (Director General, World Petroleum Council) - The Transition ISES 2013 - Day 3 - Dr. Pierce Riemer (Director General, World Petroleum Council) - The Transition Presentation Transcript

  • Dr Pierce Riemer – Director General – World Petroleum CouncilDr Pierce Riemer – Director General – World Petroleum Council ISES Trondheim 2013ISES Trondheim 2013
  • The World Petroleum Council firmly believes that theThe World Petroleum Council firmly believes that the activities of the petroleum industry have certainactivities of the petroleum industry have certain fundamental values:fundamental values:  Respect for the individuals andRespect for the individuals and communitiescommunities  Reliance on the highest technologicalReliance on the highest technological solutionssolutions  Highest business ethical and governanceHighest business ethical and governance standardsstandards  Creation of value to all stakeholdersCreation of value to all stakeholders ValuesValues
  • Many Challenges and IssuesMany Challenges and Issues  Deep Water SafetyDeep Water Safety  Exploring New frontiersExploring New frontiers  Enhanced Oil RecoveryEnhanced Oil Recovery  Unconventional Oil andUnconventional Oil and GasGas  Refinery OptimisationRefinery Optimisation  Motor Fuel QualityMotor Fuel Quality  Carbon Capture andCarbon Capture and StorageStorage  Reserves ReportingReserves Reporting  BiofuelsBiofuels  RenewablesRenewables  GTL/LNGGTL/LNG  Oil priceOil price  Cyber crimeCyber crime  Peak oilPeak oil  IOCIOC’’s / NOCs / NOC’’ss  Energy securityEnergy security  Access to acreageAccess to acreage  Social licenceSocial licence  Climate changeClimate change  WaterWater  Youth and genderYouth and gender  GeopoliticsGeopolitics  CorruptionCorruption  Human RightsHuman Rights
  • The Challenge:The Challenge: Providing Energy Security in aProviding Energy Security in a World with IncreasingWorld with Increasing Challenges and UncertaintiesChallenges and Uncertainties The ChallengeThe Challenge
  • Normal World ViewNormal World View
  • Population in the 1960s – 3 billionPopulation in the 1960s – 3 billion
  • Population in 2013 – 7 billionPopulation in 2013 – 7 billion
  • IndiaIndia ChinaChina Population by 2050 – 9 billionPopulation by 2050 – 9 billion
  • Population ModelsPopulation Models
  • Population ModelsPopulation Models
  • What’s your best guess?What’s your best guess?
  • Source: OPEC/IEA Poll of pollsPoll of polls
  • Need large Investments in the next 20 yearsNeed large Investments in the next 20 years
  • 19991999 20082008 What the papers sayWhat the papers say
  • What the papers sayWhat the papers say
  • What’s the oil price?What’s the oil price?
  • OPEC What’s the oil price?What’s the oil price?
  • OPEC What’s the oil price?What’s the oil price?
  • OPEC What’s the natural gas price?What’s the natural gas price?
  • At the PumpsAt the Pumps
  • OilOil $100$100 Diet CokeDiet Coke $170$170 JackJack DanielsDaniels $4700$4700 ChanelChanel No 5No 5 $1.70million$1.70million $1700$1700
  • The world is not running out of oil and gas…The world is not running out of oil and gas… …it will run out of production capacity…it will run out of production capacity without investmentwithout investment ….. The atmosphere will run out of….. The atmosphere will run out of greenhouse gas capacity unless we dogreenhouse gas capacity unless we do somethingsomething ……and whatever we do has to be socially……and whatever we do has to be socially acceptableacceptable
  • How do we continue in a sustainable mannerHow do we continue in a sustainable manner
  • Carbon Dioxide (COCarbon Dioxide (CO22) Capture) Capture
  • Carbon Dioxide (COCarbon Dioxide (CO22) Storage) Storage
  • Carbon Dioxide (COCarbon Dioxide (CO22) Storage) Storage
  • Fifty Shades of Green (Biofuels)Fifty Shades of Green (Biofuels)
  • Biofuels 1896 - 1933Biofuels 1896 - 1933
  • Thomas Edison
  • Algae alternativesAlgae alternatives
  • Franz Fischer 1918Franz Fischer 1918
  • Qatar 2012Qatar 2012
  • Technological innovations -Technological innovations - EOREOR
  • UnconventionalsUnconventionals
  • Unconventional Oil and Gas FrackingUnconventional Oil and Gas Fracking
  • 2000 Forecast of global gas market in 20102000 Forecast of global gas market in 2010
  • 2012 – Global gas market2012 – Global gas market forecastforecast changeschanges
  • The Promise of Unconventional Oil ResourcesThe Promise of Unconventional Oil Resources
  • The Promise of Unconventional Oil ResourcesThe Promise of Unconventional Oil Resources
  • Unconventional OilUnconventional Oil
  • • The Promise of Unconventional Oil ResourcesThe Promise of Unconventional Oil Resources
  • Unconventional OilUnconventional Oil
  • Transparency InternationalTransparency International
  • Best Practices for Social ResponsibilityBest Practices for Social Responsibility  Social impact assessmentSocial impact assessment  Industry has moved from aIndustry has moved from a ““reactivereactive approach to an integrated risk systemapproach to an integrated risk system  Community engagementCommunity engagement  Respect for Human RightsRespect for Human Rights  Transparency and anti-corruptionTransparency and anti-corruption initiatives e.g. EITI, UNGC, TIinitiatives e.g. EITI, UNGC, TI  Sustainability reportingSustainability reporting
  • How do you measure it?How do you measure it?
  • The demographic age gap is expanding at anThe demographic age gap is expanding at an alarming rate because the ageing workforce willalarming rate because the ageing workforce will be retiring within the next 5 – 10 years and notbe retiring within the next 5 – 10 years and not enough young people are finding the industryenough young people are finding the industry attractive enough to join.attractive enough to join. Getting OlderGetting Older
  • Getting OlderGetting Older
  •  Mergers  Outsourcing (core ?)  Haemorrhaging of knowledge  Growing skills gap will impede industry’s ability to operate.  US universities turn out a 1000 lawyers for every geologist  A serious issue. Not Helping OurselvesNot Helping Ourselves
  • Fuel the YouthFuel the Youth
  • WPC Legacy -WPC Legacy - and Not for Profitand Not for Profit
  •  World population will increaseWorld population will increase  More people out of energy povertyMore people out of energy poverty  Energy Use will increaseEnergy Use will increase  We will needWe will need allall forms of energyforms of energy  Fossil fuels play a major roleFossil fuels play a major role  Use Clean TechnologyUse Clean Technology  Major Growth Areas, India, ChinaMajor Growth Areas, India, China  Need Massive investment now in science andNeed Massive investment now in science and technologytechnology  We need stabilityWe need stability  We need young smart peopleWe need young smart people ConclusionsConclusions
  • ConclusionsConclusions The Stone age did not end due to a lack of stonesThe Stone age did not end due to a lack of stones The fossil fuel age will not end due to a lack of fossilThe fossil fuel age will not end due to a lack of fossil fuelsfuels Unconventional Solutions for anUnconventional Solutions for an Unconventional WorldUnconventional World
  • Thank youThank you forfor ListeningListening