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Now in its tenth year of production, only World Energy® provides a truly unbiased and open forum for idea exchange and discussion. Allowing industry leaders worldwide to express their views in their own words, World Energy has been at the forefront of key issues, from manpower shortages to global warming to pricing of crude and natural gas.

The result is a window into the heart and soul of the industry, available for anyone who wishes to look inside.

Read the articles from this issue

World Energy
Vol. 10 No. 4

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Reciprocity and Russia's Integration into the World Economy

Hayward, Dr. Tony
Group Chief Executive
BP p.l.c.

Russia experienced many positive changes leading up to the new century, including rising incomes, employment and investment. The oil and gas sector played a decisive role in that transformation. The author describes his company's contributions to Russia's success and highlights the notion of reciprocity - not just foreign investment into Russia, but investment by Russian companies overseas - as one means to integrate Russia into the world economy.

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Engineering Some Answers to the World's Demand for Energy

Lewin, Greg
President
Shell Global Solutions International BV

Fossil fuel production is moving from light oil to heavier crudes, tar sands and other unconventional sources, and renewables are predicted to supply only one-quarter of the world's total energy needs by 2050. The author offers coal gasification as an abundant and clean complement to these energy sources.

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The Petroleum Crunch: A North American Solution

Letwin, Stephen J.J.
Managing Director, Enbridge Energy Partners, L.P.
Enbridge Inc.

Canada is the primary exporter of crude oil to the United States, and the two nations' interdependence will only grow along with the demand for energy supplies. The author relates how his Canadian company is adopting a strategy of pipeline expansion and enhancement. The resulting infrastructure, he says, will help to sustain and increase petroleum delivery across North America.

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Risk-Based Process Safety: The Next-Generation PSM System

Arendt, Steve
Director and Vice President Operational Performance Assurance
ABS Consulting

To encourage process safety management excellence, a new system called Risk-Based Process Safety (RBPS) has been created. The developer of this new guideline urges companies to establish four accident-prevention pillars - commit to process safety, understand hazards and evaluate risks, manage risk, and learn from experience - and provides details of the 20 RBPS elements.

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Nuclear Power: Preparing for the Industry Resurgence

Bollweg, James E.
President
CBI Services, Inc.

After several decades of dormancy, the nuclear power industry is on the brink of reemerging. Opportunities abound, but utilities will face many challenges, including an aging workforce, new safety requirements and public skepticism. The president of a leading energy engineering and construction company looks at the future of nuclear power.

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America's Energy Strategy Must Be Shared by Asia

Bodman, Samuel Wright
U.S. Secretary of Energy
United States

The United States is working hard to make sure the world's energy future is secure. It is creating technology-driven solutions that promote global economic growth and sponsoring programs that heighten awareness about reducing everyday energy waste. But, as the secretary of energy points out, the United States needs help from other nations, particularly those in Asia, to ensure a bright energy future.

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Perpetuating Houston as the Energy Capital of the World

Sloan, Lane E.
Chairman, Energy Collaborative
Greater Houston Partnership

Houston wants to remain the energy capital of the world. Oil companies, universities, politicians and communities - both national and local - all believe that's possible. But in these changing times, how can this oil region remain on top? The head of an energy coalition, made up of four working committees, has some answers.

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Liberalization of the Russian Power Market

Ponomarev, Dmitry Valeryevich
Management Board Chairman
NP ATS

In 2008 the Russian power industry will complete a reform that involves a sweeping transformation of that sector of the country's economy. The author describes the objectives of the reform - including attracting private investments, modernizing the industry and dealing with power shortages - along with the promising results thus far and Russia's planned next steps.

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Meeting America's Future Energy Needs: The Challenge of the 21st Century

French, Patrick W.
President
Alliance Foundation for Energy Education

When it comes to maintaining reliable sources of energy, the stakes have never been higher. As policymakers wrangle over energy bills on Capitol Hill, the public casts an increasingly critical eye on the oil and gas industry. The author acknowledges the serious challenges facing energy companies and proposes a proactive approach to creating more understanding between the industry, Congress and consumers.

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U.S. Electric Grid Helps Meet Modern Challenges

Delgado, José
President and CEO
American Transmission Co.

The need for affordable, reliable electricity continues to grow, which translates into growing demand on America's aging transmission grid. The author summarizes the current state of the electricity industry, including the increasing influence of public policy, and discusses the strides taken by the industry to incorporate new technology to meet the country's needs.

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Energy Security for the Long Term

O'Reilly, David J.
Chairman and CEO
Chevron Corporation

n the mid-1980s California was still providing as much as 60 percent of the oil it consumed, and Alaska provided the rest. California now produces less than 40 percent of its oil, Alaska's contribution has shrunk to 20 percent and foreign imports make up the rest. Like the nation as a whole, California must develop a sustainable policy to ensure its energy and economic security, and the author outlines some steps toward such a policy.

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Are the International Oil Companies Running Out of Oil?

Bahorich, Mike
Director, Exploration and Production Technology
Apache Corp.

The world is not running out of oil, writes the author. But are the international oil companies running out? The author cites reasons to believe so - including the fact that non-OPEC and non-FSU oil production peaked in 2002 and has declined ever since - and recommends investment in research and technology to increase production from recoverable reserves, including old and marginal wells.

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Plugging in the Consumer: Innovating Utility Business Models for the Future

Nelson, Ekow
Communications Sector Leader
IBM Institute for Business Value

 

Abdullah, Dr. Anwar Y.
Director of Oil & Gas Dept.
The Cooperation Council for the Arab States of the Gulf

 

Schurr, Allan
Vice President
IBM Energy & Utilities Industry Strategy & Development

 

Valocchi, F. Michael
Global Leader Energy and Utilities Industry
IBM Global Business Services

Consumers care about their energy purchases, and they want to have more say in how they make those buying decisions. Many already do have choices and consider each option's effect on the environment to be an important factor. Here, IBM representatives discuss the results of a survey the company completed with nearly 2,000 energy consumers.

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A Breath of Fresh Air for California

Morris, Jeff D.
President and CEO
ALON USA Energy, Inc.

California is home to the most stringent air-quality mandates in the United States. As a resident of the Golden State and an energy provider, the author provides an insider's perspective on the issue. His company is actively pursuing the development of cleaner-burning biodiesel, for example, and his refineries will have the ability to sequester the asphalt in used carbon, providing eco-friendly paving material for California's roads.

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Mexico Offers Diverse Opportunities for Investment in Renewable Energy

Marks, Allan T.
Partner
Milbank, Tweed, Hadley & McCloy LLP

Investors seeking opportunities in renewable energy outside the United States need look no further than our neighbor to the south. Mexico's renewable power resources are abundant, and the country is up-to-date on the environmental and social benefits of alternative energy development. An attorney specializing in international energy companies outlines the many advantages and incentives involved in investing in Mexico.

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Industry Paradigm Shift

Goode, Peter
Executive Chairman
Aibel Group

The traditional relationship between national and international oil companies is shifting. Recent high prices are prompting the government-owned companies to rely less on Big Oil for financing and other support, which leaves the majors with less access to nationally owned reserves. The author explains what this shift means for the future of NOCs, IOCs and the service industry.

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Making Edison Proud

Kuhn, Thomas R.
President
Edison Electric Institute

With projections for a 40 percent increase in worldwide energy demand over the next 25 years, the electric industry faces a tough challenge in continuing to deliver secure, affordable and reliable electricity that is also environmentally responsible. The author discusses how advanced technologies in generation, delivery, efficiency and emissions reduction will help the industry meet its challenges.

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Renewable Energy: Boom-and-Bust Cycle or Long-term Opportunity?

Saltman, David P.
Chairman and CEO
Open Energy Corporation

Where is our energy future headed? The author proposes that we are at the dawn of a paradigm shift that will lead us toward a society less dependent on hydrocarbons and more welcoming of wind, geothermal and other renewable energy sources. He touches particularly upon solar-based photovoltaic technology, which is gaining acceptance in Europe and may realize the same success in the United States.

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JCORET: Next-Generation Training for Next-Generation Results

Tearpock, Daniel J.
President & CEO
Subsurface Consultants & Assoc. LLC

 

Harrell, Ronald
Chairman Emeritus and CEO (retired)
Ryder Scott Company LP

While engineers and geologists have extensive training in their areas of specialization, many of these professionals lack an insight into reserves evaluation that could contribute to better results in the field. The authors, members of the Joint Committee on Reserves Evaluator Training, outline how their organization is taking steps to foster a more highly trained, well-rounded workforce.

 

 

World Energy v10n4

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