Energy demand in developing nations will rise about 65% by 2040, reflecting “growing prosperity and expanding economies”, said ExxonMobil Qatar president Bart Cahir.
“Overall, the global energy demand will grow 35% until then, even with significant efficiency gains, as the world’s population expands from about 7bn people now to nearly 9bn people by 2040,” Cahir said at a session at the Offshore Middle East Conference and Exhibition at the Qatar National Convention Centre yesterday.
This economic growth will kick up a greater demand for electricity, the generation of which represents the largest driver of demand for energy. Through 2040, it will account for more than half of the increase in global energy demand.
On ExxonMobil’s partnership with QP, Cahir said: “Here in Qatar, we have been privileged and proud to have forged a strong partnership with Qatar Petroleum grounded in these fundamentals. This partnership has enabled Qatar to deploy technology and create a world-class industry that has literally opened up gas markets around the world.”
Cahir said oil would remain the top global fuel, while natural gas will overtake coal to take the second place.
“This outlook demonstrates a bright future for us, but it also shows the enormous duty we have as an industry,” said Cahir.
“At ExxonMobil, we pursue the concept of understanding and managing operating risks with a relentless focus on the fundamentals of safety, reliability, operational integrity, and efficiency. And we do so recognising that making daily-decisions, grounded in a foundation of prudent risk management, is essential to deliver results that host governments, our partners, and society demands and expects from us.”
Cahir said ExxonMobil’s newly-released Global Energy Outlook stated that efficiency would continue to play a key role in solving the world’s energy challenges.
Energy-saving practices and technologies will help OECD countries keep energy use essentially flat, even as their economic output grows 80%.
He explained that ExxonMobil put safety, environmental stewardship, and integrity into practice through its Operations Integrity Management System (OIMS). This system guides the activities of more than 160,000 employees and third-party contractors who work on ExxonMobil assets around the world.
“In short, OIMS is a common language that binds our workforce together, no matter where in ExxonMobil you are working,” he said.
Cahir said the unique aspect of OIMS was the degree to which the system was integrated into the company’s day-to-day operations.
“At ExxonMobil, OIMS is the heart of our company’s culture. Leadership at all levels knows that it is not enough to merely follow a list of procedures. Rather, we seek to create a culture in which all workers understand risks, have the right tolerance for those risks, appropriately challenge procedures so they can be improved when needed, and are comfortable stopping work when conditions have changed and ongoing work plans need to be re-tested.
Source: Caye Global News, Gulf Times
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