Lord Digby famously quoted that “Demand for oil is going to increase because of the massive expansion of the Chinese and Indian economies,” and he could not have been more accurate with his prediction. Such global demand for a finite fossil fuel is being felt across the US this week as gas prices have grown exponentially by $0.8 in two weeks bringing costs to $2.77 per gallon. But with the recent BP disaster within the Gulf of Mexico, the county knows firsthand the dangers of trying to relieve demand by mining in more obscure places.
To combat this issue, O&G20 committee the world leading authority on Oil and Gas technology solutions have selected to meet at this years Next Generation Oil and Gas summit in Austin Texas this November.
Greg Smith Head of US business for Repsol and Ronald Cramer Senior adviser from Shell are amongst the attendees of this locked down meeting. Petrobas (one of the most active deepwater companies in the world) are expected to announce investments in new fields within PreSalt regions of Brazil.
The announcement of the meeting has been anticipated by the US Oil and Gas industry for some time as potential exports to India and China are moving to the untapped coasts of east Africa and the Middle East.
No comments:
Post a Comment