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

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.