Oil & Gas - Douglas-Westwood

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Massive global growth in electricity demand 25 500 WORLD (TW hours thousand d) 20 15 10 5 Total World Australia 450 400 350 300 250 200 150 100 50 Australia (TW hours) 0 0 200 8 200 7 200 6 200 5 200 4 200 3 200 2 200 1 200 0 199 9 199 8 199 7 199 6 199 5 199 4 199 3 199 2 199 1 199 0 Source: BP • Massive investments needed in new powergen plant • Also to replace old plant and transmission system • Costs of the move to the ‘smart grid’ 26
Growing problems of old plant UK: power demand could exceed capacity by 2017 • Nuclear (old) & coal station closure programme • New nuclear takes 8-10 years to build • Only natural gas can fill the gap • £139 billion spend needed by 2030 Source: The UK Power Generation Expenditure Report 2010‐2030. <strong>Douglas</strong>‐<strong>Westwood</strong> 27
Page 1 and 2: John Westwood AMCHAM Perth WA 26 Ma
Page 3 and 4: Brazil - ‘huge blackout. Half the
Page 5 and 6: Energy demand outpaces population g
Page 7 and 8: China invests in future energy supp
Page 9 and 10: Have 8 out of 10 oil majors have pa
Page 11 and 12: NOCs rule - OK Source: Barclays: Ou
Page 13 and 14: Natural gas production to soar 100
Page 15 and 16: Continuing growth in global LNG cap
Page 17 and 18: NOCs to rule - OK Energy Market Dri
Page 19 and 20: Global offshore oil & gas spend to
Page 21 and 22: Floating production market has turn
Page 23 and 24: Escalating costs are a major concer
Page 25: 25 25
Page 29 and 30: Energy Market Drivers Oil & Gas Pow
Page 31 and 32: Alternatives - the problem is cost
Page 33 and 34: Offshore windpower: activity surge
Page 35 and 36: Is the Calera process an answer to
Page 37 and 38: Energy conservation is part of the
Page 39 and 40: Australia - hopes for the future
Page 41: Thank you This presentation can be

Oil & Gas - Douglas-Westwood

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