The oil and gas industry faces a growing diversity of reserves worldwide ranging from shale plays to Arctic drilling, BP PLC Chief Executive Bob Dudley said in an opening keynote address Mar. 6 to attendees at IHS CERAWeek in Houston.
"The opportunities are plentiful, but they are also complex and difficult," Dudley said. "And from BP's perspective, and many other companies in our industry, the message is that we have learned from recent events and we plan to address those opportunities safely, responsibly, and reliably."
BP's Energy Outlook 2030 publication forecasts nonfossil energy—nuclear, hydro, biofuels, and other renewables—will grow faster as a group than any f...