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BP Statistical Review of World Energy Full Report 2011

BP Statistical Review of World Energy Full Report 2011

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Published by: knoxd77 on Oct 29, 2011
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12/04/2012

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About this Review
For 60 years, the BP Statistical Review ofWorld Energy has provided high-quality, objectiveand globally consistent data on world energymarkets. The Review is one of the most widelyrespected and authoritative publications in the eldof energy economics, used for reference by themedia, academia, world governments and energycompanies. A new edition is published every June.
Methodology
The following methodological changes have been made to thisyear’s Review:Fuels used as inputs for conversion technologies (gas-to-liquids,coal-to-liquids, and coal-to-gas) are counted as production forthe source fuel and the outputs are counted as consumptionfor the converted fuel.A new table has been added to the Review for consumptionof commercial electricity produced from renewable sources.Electricity from renewable sources is converted to tonnes ofoil equivalent following the same methodology used fornuclear and hydroelectricity, and is included in the primaryenergy consumption calculation.A new table has been added for biofuels production. Biofuelsconsumption continues to be included in oil consumption data(see footnotes to oil consumption table).
Find out more online
BP Statistical Review of World Energy June 2011
is available onlineat
www.bp.com/statisticalreview 
. The website contains all the tablesand charts found in the latest printed edition, plus a number ofextras, including:Historical data from 1965 for many sections.Additional data for natural gas, coal, hydroelectricity, nuclearenergy, electricity and renewables.An energy charting tool, where you can view predeterminedreports or chart specic data according to energy type, regionand year.An oil, natural gas and LNG conversion calculator.PDF versions and PowerPoint slide packs of the charts, mapsand graphs, plus an Excel workbook of the historical data.
View or order this Review at
About BP
BP is one of the world’s largest oil and gas companies, servingmillions of customers in more than 90 countries across six continents.Our business segments are Exploration and Production, and Reningand Marketing. Through these business segments, we provide fuelfor transportation, retail brands and energy for heat and light.
Disclaimer
The data series for proved oil and gas reserves in
BP Statistical Review of World Energy June 2011
does not necessarily meet the denitions, guidelines and practices used for determining provedreserves at company level, for instance, under UK accounting rules contained in the Statement ofRecommended Practice, ‘Accounting for Oil and Gas Exploration, Development, Production andDecommissioning Activities’ (UK SORP) or as published by the US Securities and ExchangeCommission, nor does it necessarily represent BP’s view of proved reserves by country. Rather, thedata series has been compiled using a combination of primary ofcial sources and third-party data.
Guide to navigation
BP Statistical Review of World Energy June 2011
usesthe following icons and colour coding to help you navigateyour way quickly and easily through the document. Iconsand colours represent various energy types so you cansee, at a glance, which section you are in.
 
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Group chief executive’s introduction
Bob Dudley
GroupChiefExecutiveJune2011
Energyin2010–astrongrebound
Welcometothe60thanniversaryeditionoftheBPStatisticalReviewofWorldEnergy.Sixtyyearsisalongtime,andtheenergyworldhasseenbreathtakingchangeoverthisperiod–intechnology,inpoliticalandeconomicsystems,andinmanyotherfacetsoftheenvironmentinwhichcompanieslikeoursoperate.Andyettheneedforrigorousinformationonglobalenergyseemsmoreimportanttodaythanever.Thedatahaschangeddramatically–butthisReview’spurposeremainsthesameasitwasin1951:toprovidethemosttimely,objectiveglobalenergydataavailable.TheStatisticalReviewhasevolvedinresponsetochangesintheworld’senergymix,aswellastheincreasinglyglobalmarketsthatdistributethatenergy.Whatbeganasareviewofglobaloildatahasexpandedovertheyearstoincludenaturalgas,coal,nuclearenergyandhydroelectricity.Additionalonlinecontentwasaddedastheinternetgrewinimportance.Thisyear,weareincludingforthersttimeintheprintedReviewtablesonrenewableenergy.Thestorytoldbythedatainthisyear’sReviewisthatofastrongreboundofglobalenergyconsumptionin2010,followingtheglobalrecession.Consumptiongrowthreached5.6%,thehighestratesince1973.Itincreasedstronglyforallformsofenergyandinallregions.Totalconsumptionofenergyin2010easilysurpassedthepre-recessionpeakreachedin2008.Whileconsumptioninemergingeconomiescontinuedtoriserapidly,OECDcountriesalsosawgrowthwellaboveaverage.Globally,energyconsumptiongrewmorerapidlythantheeconomy,meaningthattheenergyintensityofeconomicactivityincreasedforasecondconsecutiveyear.ThedataimpliesthatglobalCO
2
emissionsfromfossilfuelconsumptionwillalsohavegrownstronglylastyear.Thesefactsposeimportantquestionsforourindustryandthecountrieswhereweproduceandprovideenergy.Theydemonstratetheneedtoredoubleeffortstoreduceenergyintensityandpursueasustainablemixforthefuture.Theyalsopointtotheneedforcontinuinginvestmenttoprovidetheincreasingvolumesofenergythattheworldrequires–allthetimemakingsurethatsafetyisourutmostpriority,somethingofwhichweareverymindfulinBP,followinglastyear’stragedyintheGulfofMexico.Encouragingly,lastyear,thestrongrecoveryinenergyconsumptionwasaccompaniedbystronggrowthinproduction.However,energypricesdiverged:oilpricesreboundedglobally,whilenaturalgasandcoalpricesvariedbyregion.Notsurprisingly,higherpricesmeantthatoilsawtheweakestconsumptiongrowthamongfossilfuelslastyear.OPECproductioncuts,institutedduringtheglobalrecession,remainedineffectthroughout2010(andsofarthisyear)andinformalproductionincreaseswerenotsufcienttoavoidhigherpricesinthefaceofthestrongrecoveryinconsumption.NaturalgaspricesremainedweakinNorthAmerica–whereproductionofshalegascontinuedtoclimb–andwereonaveragelowerincontinentalEurope,inpartduetochangesincontractualpricingarrangements.GlobalLNGandUKspotpricesincreasedmorestronglyinthefaceofrobustconsumptiongrowth.CoalpricesgrewrobustlyinEurope,butwereweakintheUSandJapan.Eventssofarthisyearhavekepttheworldsfocusonenergy:thetragictsunamiinJapanandunrestintheArabworldhavedisruptedenergyows,andrisingprices‘atthepump’haveraisedconcernsaboutslowingtheeconomicrecovery.Inuncertaintimessuchasthese,theStatisticalReview’slong-standingfocusonobjectiveglobalenergydataprovidesmuch-neededperspectivetohelpinformthinkinginbusiness,governmentsandcivilsociety.Wehopethatyouwillndthis60theditiontobeausefulsourceofinformationandinsight.IwouldliketothankBP’seconomicsteamandallthosearoundtheworldwhohavehelpedpreparethisReview–inparticularthoseingovernmentinmanycountrieswhoreporttheofcialdata.

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