World Energy Situation
Today’s trends and tomorrow’s challenges

Gunnar S. Jungk, BP Europe, October 2009
Where our people come from

BP has a rich and diverse heritage reflected in our operations, brands and people.




       ...
BP today

• 2008 turnover of $361 billion and profit of $25.6 billion


• Employing approximately 92,000 people in more th...
Security, climate, jobs – energy is centre
stage
                                 Demand growth
Rising climate change conc...
Four key factors in our energy future




 • Economic Growth                                           • Significant resou...
World primary energy demand will grow




 World energy demand expands by 45% between now and 2030 –an average rate of inc...
Oil production by region

Production by region
Million barrels daily




                            7
Energy Demand Growth




                       8
Global Oil Reserves




BP Statistical Review of World Energy June 2009   9
Oil Production by Region 2006 and 2030


                        Non OPEC Oil Production                                  ...
Dislocation of supply and demand


                                                                   14%
   22%
         ...
Investing in energy costs money

Cumulative investment in energy supply           Investment
US$ trillion, 2007 prices    ...
Investment in volatile energy environment

             Index: Jan-07=100
              300


              250


        ...
BP E&P – Existing and new investments



Alaska
                                        North
                            ...
Security of supply: Europe faces a major
         Security of supply: Europe faces a major supply/demand
         supply/d...
European product demand – Gasoline / Diesel
          divergence

           4800   kbd
                                  ...
European gas supply options

                                                  Russia




           Domestic
           N...
CO2 from fossil fuels is accumulating in the
           atmosphere…
                            4                         ...
Renewable energies
Source: BP Statistical Review 2009   Global Ethanol Production




                 Wind Capacity      ...
Hydrogen power project – Carson, California




                                              20
21
Upcoming SlideShare
Loading in …5
×

BP PowerPoint tips

2,943 views

Published on

0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
2,943
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
87
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

BP PowerPoint tips

  1. 1. World Energy Situation Today’s trends and tomorrow’s challenges Gunnar S. Jungk, BP Europe, October 2009
  2. 2. Where our people come from BP has a rich and diverse heritage reflected in our operations, brands and people. 2
  3. 3. BP today • 2008 turnover of $361 billion and profit of $25.6 billion • Employing approximately 92,000 people in more than 100 countries • 11th largest company in the world • 18.1 billion barrels of oil and gas equivalent, 3.8 million barrels oil equivalent a day • Approx 23,389 service stations, 17 refineries and exploration activity in 29 countries 3
  4. 4. Security, climate, jobs – energy is centre stage Demand growth Rising climate change concerns Energy security challenges Oil, gas and coal supply constraints 4
  5. 5. Four key factors in our energy future • Economic Growth • Significant resources Demand Supply • Efficiency Growth Challenges • Infrastructure Energy Policy & Technology • Climate Change Environmental Security • Import Dependence • Local Pollution Constraints of Supply • Resource Competition 5
  6. 6. World primary energy demand will grow World energy demand expands by 45% between now and 2030 –an average rate of increase of 1.6% per year –with coal accounting for more than a third of the overall rise 6 Source: IEA 2008
  7. 7. Oil production by region Production by region Million barrels daily 7
  8. 8. Energy Demand Growth 8
  9. 9. Global Oil Reserves BP Statistical Review of World Energy June 2009 9
  10. 10. Oil Production by Region 2006 and 2030 Non OPEC Oil Production OPEC Oil Production Sources: 2006: Energy Information Administration (EIA), Office of Energy Markets and End Use. 2030: Energy Information Administration, Generate World Oil Balance Model (2009). 10
  11. 11. Dislocation of supply and demand 14% 22% 32% 41% 84% 90% 86% 78% 68% 59% 10% 16% Consumption Reserves Consumption Reserves Consumption Reserves OIL GAS COAL 3 Largest energy markets (N. America + Europe + Asia Pacific) ROW Source: BP Statistical Review 2008 11
  12. 12. Investing in energy costs money Cumulative investment in energy supply Investment US$ trillion, 2007 prices per annum 25 Power $591 bn 20 Coal $32 bn 15 Gas $237 bn 10 5 Oil $274 bn 0 Total $1,134 bn 2007-2030 IEA Reference Case 12
  13. 13. Investment in volatile energy environment Index: Jan-07=100 300 250 200 Oil 150 Coal 100 Gas 50 0 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 13 Source: Includes data from Platts and McCloskey
  14. 14. BP E&P – Existing and new investments Alaska North Sea Russia TNK-BP NA Gas Azerbaijan Trinidad Egypt GOM deepwater Asia-Pacific LNG Venezuela Angola Middle East/ Pakistan Colombia Southern Cone 14
  15. 15. Security of supply: Europe faces a major Security of supply: Europe faces a major supply/demand supply/demand imbalance imbalance 4 FSU Europe 41 45 North America 115 315 27 465 255 31 7 Gasoline demand in 2006 Gasoline Trade flows in 2006 Gasoil/Diesel demand in 2006 Gasoil/Diesel Trade flows in 2006 Unit: Million tonnes per year Refining is a vital part of the supply chain to meet EU consumer needs. Source: International Energy Agency, 2008, Wood Mackenzie 15
  16. 16. European product demand – Gasoline / Diesel divergence 4800 kbd Motor Gasoline Diesel Diesel CAGR of 5.3% 4200 3600 3000 Gasoline CAGR 2400 of -1.8% 1800 1200 600 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Source: IEA Report 16
  17. 17. European gas supply options Russia Domestic NL UK N. African ME Algeria Iran Libya Iraq Qatar Existing Flows Caspian/Middle East LNG 17
  18. 18. CO2 from fossil fuels is accumulating in the atmosphere… 4 450 Annual CO2 emissions from 3 400 concentration (ppmv) fossil-fuels (GTonC) Atmospheric CO2 2 350 1 300 0 250 1840 1860 1880 1900 1920 1940 1960 1980 2000 2020 OECD NOECD Atmospheric carbon dioxide Source: Keeling and Whorf, 2005; Neftel et al., 1994 18
  19. 19. Renewable energies Source: BP Statistical Review 2009 Global Ethanol Production Wind Capacity Solar PV Capacity 19
  20. 20. Hydrogen power project – Carson, California 20
  21. 21. 21

×