19 February 2015
BP sees US shale output holding steady
The company's Energy Outlook 2013-35 released the predictions this week
US shale production will remain near present levels for the next 20 years, but a slowdown in output from 2035 will see demand for Opec crude rise, BP said in its Energy Outlook 2013-2035, released earlier this week. However, the report played down unconventional potential outside the US, saying it is unlikely that any significant shale production will come on stream in the UK and continental Europe, for example, for at least two decades. BP’s chief economist Spencer Dale said that the US’ unique regulatory and political environment, as well as its geology and legacy onshore infrastructure, had fostered the rapid growth of the country’s unconventionals sector. He added: “Our view is that the
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
