Ceos

The global natural gas trade is set to more than double over the next 20 years to around 900 billion cubic meters (Bcm) from 400, about as much in trade by 2040 as the combined consumption of the United States and Canada today, the BP plc chief said recently.

The energy industry has to counter the view that renewables are the only way to reduce carbon emissions and instead make the case for natural gas to remove any doubts about its long-term benefits, a group of the leading global CEOs said Tuesday.

The CEOs of BP plc, Royal Dutch Shell plc and Mexico’s Petroleos Mexicanos, along with seven other global exploration chiefs, on Friday declared their collective support for the United Nations (UN) to adopt an “effective” climate change agreement.

Global energy CEOs, who joined their brethren at the 31st annual IHS CERAWeek 2012 in Houston last week, urged their colleagues to dust up their images and become more proactive in exceeding regulatory safety standards.

With the final report of the National Commission on the BP Oil Spill and Offshore Drilling due in just a few weeks, co-chair William K. Reilly is advising oil and gas industry CEOs to create an autonomous, industry-managed safety institute, as the nuclear power industry did with the Institute of Nuclear Power Operations (INPO) following the Three Mile Island accident in 1979.

With the final report of the National Commission on the BP Oil Spill and Offshore Drilling due in just a few weeks, co-chair William K. Reilly is advising industry CEOs to create an autonomous, industry-managed safety institute, as the nuclear power industry did with the Institute of Nuclear Power Operations (INPO) following the Three Mile Island accident in 1979.

Alaska Gov. Frank Murkowski met face to face Wednesday in Houston with the CEOs of the three big North Slope producers — BP, ExxonMobil and ConocoPhillips — to negotiate terms of a North Slope natural gas pipeline contract, which he wants in place by this fall.

Canadian oil and natural gas industry CEOs and CFOs are more bullish on commodity returns than anytime in the past five years, according to the 2004 Deloitte Canadian Oil and Gas Outlook survey released on Monday. Respondents expect positive double-digit returns for publicly listed companies.

The energy online marketplace is crowded, confused and on theverge of shaking out and consolidating, according to three whoshould know, two CEOs of successful trading platforms and a Nymexexecutive, who last week shared their predictions at the EnergyRiskTech Conference in Houston.