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Natural gas accounted for almost 45% of global demand growth last year. US crude oil production is expanding at an unprecedented rate, but much faster growth will be needed in the next few years to meet the world’s demand if global investment in conventional supply doesn’t pick up, an IEA report indicates. If proven economic, solar EOR technology could represent an environmentally and energy friendly solution for California’s heavy oil producers. The world still needs oil and gas, but it is also making room for renewable energy which will change how upstream companies do business. The top US wind power official told the offshore upstream sector that it can help build “smaller, leaner, and cheaper" wind turbine farms.

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