The Business Times
business-time-50

Oil industry needs to harness new tech to meet growing demand in Asia: BP CEO

Published Wed, Jun 28, 2017 · 09:50 PM

    Singapore

    WHILE energy demand is slowing due to improving energy efficiency, it will still grow by 30 per cent over the next two decades, with almost all of that coming from emerging economies, especially Asia.

    This means that the oil and gas industry needs to produce hydrocarbons that are cleaner and at lower cost, and by harnessing the current wave of technological advances to do so, said BP chief executive Bob Dudley.

    BP

    TRENDING NOW

    OCBC is still the best performing constituent of the STI this year; DBS and UOB are in third and eighth place respectively.

    DBS, OCBC, UOB face rate hike reality check

    Kabam’s product offering comprises AI-powered security robotics and management software, designed to conduct video surveillance and autonomous patrolling.

    Singapore security robotics firm Kabam to cease operations on Nov 20

    Some of the fastest growth is being recorded across a cluster of northern industrial provinces closely tied to electronics manufacturing and global supply chains.

    Vietnam’s northern provinces, not Hanoi or Ho Chi Minh City, are powering near 10% GDP growth

    A workable EU-China bargain would exchange adjustment for openness.

    How China and the EU can reach a middle course on trade

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More