Sidelined Projects Foretell Shortfall in Oil, NatGas Reserves, Say BP, Statoil Economists

摘要

The United States last year reinforced its position as the world’s largest natural gas and oil producer, “but don’t be fooled” by the comparative resilience because the sharp pullback in investments may foretell reserves shortfalls within a few years, BP plc’s chief economist said Wednesday. Spencer Dale and Group CEO Bob Dudley spent more than an hour outlining the oil major’s annual Statistical Review of World Energy. Statoil ASA on Thursday also outlined its outlook for energy to 2040 in its annual Energy Perspectives 2016.