The Energy sector plays a pivotal role in economic and social development by supplying what might be described as the “flow of blood” to production and transportation systems. Its main objective is to ensure the reliable, affordable and clean energy needed by modern societies, thus contributing to well-being and prosperity around the globe.
The Energy sector involves the generation, transmission and distribution of electricity derived from a variety of sources, including fossil fuels, nuclear power and renewable sources. It also includes activities concerned with fuels themselves, which extend along the entire value chain, such as oil and gas extraction and transportation, coal mining, refining of petroleum products, and wholesaling and retailing of fuels.
As the world’s second largest economy, China relies heavily on coal to ensure the stable operation of its main industries, such as energy and steel. The increasing energy consumption already made China the world’s largest producer and ...View more details
A home to 7.5% of the world’s oil reserves and 7.1% of the global natural gas reserves, Africa is an important player in the hydrocarbon industry. The continent’s share in global oil production stood at 8.7% in 2017, slightly up from 8.4% ...View more details
With a share of 19.9% of global proven oil reserves and 4.4% of those of natural gas as of the end of 2017, the Latin America and the Caribbean region is among the prominent players in the hydrocarbon industry. The region is also likely to hold ...View more details
In 2017, electric power consumption in Brazil rose by 0.8% y/y, the first increase in three years, as the country emerged from one of its deepest recessions in decades. The positive trend continued in 2018, when the uptick in electricity demand ...View more details
Between 2006 and 2016, Mexico, a traditional oil-exporting country, saw its oil output contract at a CAGR of 4%, underperforming the top ten largest crude producers in the world. In 2017, Mexico’s production dropped a further 9.5%, leaving the ...View more details
Turkey has insignificant oil and gas reserves and imports more than 90% of the energy resources that its fast-growing economy needs. The government has initiated a number of projects to enhance exploration of both onshore and offshore blocks in order ...View more details
Russia is a major producer and exporter of oil and natural gas. According to BP, the country holds the world’s largest proven natural gas reserves (18.1% of the total) and ranks sixth in terms of crude oil reserves (6.4% of the total). The ...View more details
Thailand’s strong economic growth has resulted in a constantly increasing demand for oil and gas. Natural gas accounts for about 60% of the country’s power generation. Its oil and gas reserves are falling amid rising domestic petroleum ...View more details
Although mining has taken place in Ecuador since precolonial times, the sector has never been a pillar of the economy, mainly due to an unfavourable government policy that has discouraged investments. In 2017, mining contributed to just 0.5% of the ...View more details
The Indian oil and gas sector has traditionally been dominated by PSUs as a result of policy and regulatory barriers. The state-owned Oil and Natural Gas Corporation Ltd (ONGC) dominates the upstream segment, while the Indian Oil Corporation Ltd ...View more details