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CERAWeek: Technology, gas key to fossil fuels future

03/01/2010
By Paula Dittrick
Improving technologies and massive natural gas reserves—especially shale gas plays—will assure fossil fuels remain the dominant energy source for decades, industry speakers told CERAWeek, hosted by IHS Cambridge Energy Research Associates.Andy Inglis, chief executive of exploration and production at BP PLC, said advances in seismic technology and drilling techniques have allowed oil companies to maintain "our frontier spirit" by exploring in deeper water."We are looking for oil and gas in evermore testing conditions," Inglis said on Mar. 9.For instance, BP's giant Tiber discovery in the Gulf of Mexico Lower Tertiary deepwater is one of the world's deepest w...
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