Energy Bunkers
Energy Revolution 2040
History
Current Problems
OIL PRICING
Major concern about crude oil prices which are increasing in
this fourth consecutive session. Current price is $73.29 a
barrel.
WHY OIL PRICES ARE RISING CONSISTENTLY?
GLOBAL - Well, this is all explained by a simple theory – DEMAND
and SUPPLY. In it’s monthly report of June, OPEC stated that in 2021,
it expects that the global crude oil demand to average 96.58 million
barrels per day. In 2020, the number had fallen to 90.63 million barrels
per day.
INDIAN - According to IEA (India Energy Outlook 2021), primary energy
demand is expected to nearly double to 1,123 million tonnes of oil
equivalent, as the country's gross domestic product (GDP) is expected
to increase to USD 8.6 trillion by 2040.
Unexpected Shutdowns
Solution: Improve performance results by maximizing value creation
Best Talent Workforce
Attract skilled human resources to fill the gap and develop a robust training and development program to retain the workforce and improve its performance.
Environmental Impact
Technologies advancement and a fair wealth share to spend in the environmental community
PRESENT
% contribution to GDP
Presentation
7.39%
$80
$ 1.4 trillion
India’s Spending
FY 2019-25
02 It is a long established fact that a reader will be distracted by the
01 It is a long established fact that a reader will be distracted by the
Rapid Expansion
Developements
Instability
The risks associated with interstate and intrastate conflict
remain high.
Regulatory landscape
The energy industry is susceptible to new regulation, largely driven by climate change imperatives. The public has woken up to the threat of climate change and is demanding action from policymakers.
Supply chains
A diversified international supply chain presents a significant risk. The cyber security shortcomings of many devices have left companies exposed. Even if a company has comprehensive oversight of their own systems, there are few frameworks to determine if suppliers maintain equivalent standards. Vulnerability in a suppliers’ device introduces the vulnerability to a company’s own systems
Key Drivers
Climate Change:
When fossil fuels are burned, they release large amounts of carbon dioxide, a greenhouse gas, into the air. Greenhouse gases trap heat in our atmosphere, causing global warming. Already the average global temperature has increased by 1C
Paris Agreement
On 12 December 2015, the text of the Paris Agreement was approved, a legally-binding pact containing all the elements necessary to build a global strategy for the fight against climate change for the post-2020 period. A target has been set to limit the global temperature rise to under 2ºC by the end of the century compared to pre-industrial era levels, leaving the door open to extend this target to 1.5ºC.
Credentials
OIL PRICE
During expansion periods, an increasing amount of business activities and production inflates the demand and price of oil. During recessions, decreasing production level lowers the demand and price, and thus weakens the sector.
Organization of Petroleum Exporting Countries (OPEC) is an Intergovernmental organization that accounts for more than 40% of the oil production all over the world. It coordinates 13 member countries to regulate oil production and supply to impact the oil price.
01
Fossil Fuels
It will forecast to grow 38% by 2040 and would still remain in demand
02
It will reach its peak in
Nearly 2050’s and would then decline.
04
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FORECAST
Annual output
LESS POLLUTION
01
R & D
02
AI
03
Recession Proof
04
Future development areas
Solutions and Projections
Reference
01
Mckinsey&company
Harvard.edu
Roperld
02
Weforum
World Energy Outlook pdf
Shell Energy
03
Rigzone
Enggpro
Research Gate
04
Bloomberg
IEA
Oil outlook
Mdpi
Oil&GasIq
Energy.economics
Meet Our Team
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