French Energy Giant Total Predicts The End Of The Oil Era

Written by Valdemar Medeiros

Published on 03/10/2020 at 09:31

Industria offshore

Be the first to react!

According to Oil And Gas Titan Total, Its Business Focus, As Well As That Of Its European Peers, Will Shift To Low-Carbon Energy Sources In The Coming Years As The Oil Market Becomes Increasingly Obsolete

Total anticipates a potential peak for oil in the next decade before hitting a low in 2030, noting that natural gas “remains key” for the energy industry, according to Total’s President of Strategy and Innovation, Helle Kristoffersen.

End Of The Oil And Gas Era?

Although The French Energy Giant’s Forecast Is Considerably More Conservative Than That Of Its British Rival BP, Which Earlier This Month Said That The Oil Market Era Had Already Ended, It Still Joins The Group Of Investors Predicting Drastic Changes For The Sector.

The Total Energy Outlook Report, Published On Tuesday, Focuses On The Increased Demand For Energy In All The Analyzed Scenarios, But It Is Expected To Be Largely Met By Low-Carbon Energy.

ARTICLE CONTINUES BELOW

Search For Alternative Electricity Sources Is Expected To Increase By 30 To 40 Percent, According To Total

The Demand For Electricity Is Expected To Reach 30 To 40 Percent Of The Total By 2050, Significantly Up From The Current 20 Percent, The Report States, Outlining A Positive Outlook For The Company’s Main Product, Natural Gas, An Intensive Bridge Fuel In The Coming Years For A Carbon-Free Priority.

The Company Stated That The Demand For Gas Will Be Led By Asia, Which Will Be Responsible For About 40% Of Global Growth, Doubling Demand From China And India. The Peak Demand And Production Of Gas Is Not Expected Before 2040.

Like Its Other European Partners, Total, One Of The Seven So-Called “Supermajors” In The World, Is Focusing On Clean Alternative Energy Sources, Such As Solar And Wind, Concentrating Its Business On Promising Solar Battery Technologies And Car Charging Networks, Which Are Expected To Be In High Demand Soon.

French Energy Giant Total Predicts The End Of The Oil Era

According to Oil And Gas Titan Total, Its Business Focus, As Well As That Of Its European Peers, Will Shift To Low-Carbon Energy Sources In The Coming Years As The Oil Market Becomes Increasingly Obsolete

Also Read

End Of The Oil And Gas Era?

Search For Alternative Electricity Sources Is Expected To Increase By 30 To 40 Percent, According To Total

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Solar energy can increase property value by up to 10% and become a selling point.

Foresea completes Offshore Development Program with 34 trainees hired, partnership with Firjan SENAI, and technical training for offshore drilling.

Goodbye screwdriver that discharges in 30 minutes: new electric screwdriver from Xiaomi hits the market with a price equivalent to R$ 96 and a giant battery with an estimated duration of 3 to 8 hours.

Petrobras receives a payment of R$ 4.7 billion from TotalEnergies for the company’s stake in the Atapu field in oil production focusing on the pre-salt.

Workers were preparing a new highway in England when archaeologists found 7 skeletons, a Roman well, and Anglo-Saxon houses hidden beneath the construction path.

French Energy Giant Total Predicts The End Of The Oil Era

According to Oil And Gas Titan Total, Its Business Focus, As Well As That Of Its European Peers, Will Shift To Low-Carbon Energy Sources In The Coming Years As The Oil Market Becomes Increasingly Obsolete

Also Read

End Of The Oil And Gas Era?

Search For Alternative Electricity Sources Is Expected To Increase By 30 To 40 Percent, According To Total

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Petrobras receives a payment of R$ 4.7 billion from TotalEnergies for the company’s stake in the Atapu field in oil production focusing on the pre-salt.

Bank of Japan raises interest rates to 1%, reaching the highest level in over three decades

ANP halts LPG reform, and Sindigás sees technical caution as a decisive point for safety, investments, and the future of the cylinder in Brazil.

Oil spill in the Caribbean raises environmental alert and increases tension between Venezuela and Trinidad and Tobago

More than 40 Petrobras platforms enter the decommissioning queue and open up a billion-dollar industry in Brazil for cranes, special ships, underwater cutting, and offshore recycling.

Solar energy can increase property value by up to 10% and become a selling point.

Foresea completes Offshore Development Program with 34 trainees hired, partnership with Firjan SENAI, and technical training for offshore drilling.

Goodbye screwdriver that discharges in 30 minutes: new electric screwdriver from Xiaomi hits the market with a price equivalent to R$ 96 and a giant battery with an estimated duration of 3 to 8 hours.

Petrobras receives a payment of R$ 4.7 billion from TotalEnergies for the company’s stake in the Atapu field in oil production focusing on the pre-salt.

Workers were preparing a new highway in England when archaeologists found 7 skeletons, a Roman well, and Anglo-Saxon houses hidden beneath the construction path.