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American unconventional oils against the backdrop of falling prices

Industries April 7th, 2016, Thierry Salmona / Vice-President, Innovation, Research & Technology, Business Support, Imerys

The current price of 50-60 dollars per barrel limits the number of new wells that can be drilled at an economically reasonable price. As a consequence, the drilling activity in the United States collapsed by 50%. Now that OPEC has stopped playing its regulatory role, American unconventional oils may well be the main balancing factor on the market. At the same time, the industry has already begun to adapt very quickly and the possibility of lower costs will play a very important role in this evolution.

The dawn of a new era for oil in North America: from insecurity in energy supply to insecurity in market access

Industries March 31st, 2014, Benjamin Israel & David Layzell / Research Coordinator, Energy Systems Analysis, ISEEE, University of Calgary & Professor and Director, CESAR Initiative, University of Calgary

The resurgence of global oil prices in the early 2000's has created the conditions for the rapid deployment of a number of new energy technologies. In the last few years radical changes affected supply, competition, demand and social license. North America is now entering a new era in which economic, environmental and energy policy will not be defined by insecurity in energy supply, but by insecurity in market access.

Ecologically speaking, coal is the worst energy source around. But it nonetheless possesses some almost irresistible features. It is still abundant, easy and cheap to mine. Promising technologies could allow cleaner, healthier ways to burn it. Let's have a look.

Did you know that in Denmark, thirty plants consuming a yearly 3.5 million tons of waste cover 5% of domestic electricity demand and 20% of heat? The production of energy through waste recovery and recycling is booming. But so diverse are the technologies that a closer look is needed to assess the potential of the celebrated urban mine.

Thanks to scientific breakthroughs, more than 16,000 desalination plants are producing water in 150 countries, including in China, India, Australia, Chile and the U.S. The industry is booming.

Mineral resources: should we fear a shortage?

Industries February 12th, 2013, Patrice Christmann / Deputy director of BRGM's corporate strategy directorate, in charge of BRGM's mineral resources strategy

Our great-grandparents barely used a dozen different metals. Today, household objects contain virtually the entire periodic table. Mineral raw materials are vital to the functioning of a modern economy, in particular where deploying new technologies is concerned. The prices for some metals have experienced meteoric rises in recent years, and competition is fierce for access to resources. As a matter of fact, what do we know about these resources exactly?

Rare earth metals: it’s the value chain that is at stake, not just the supply chain

Industries February 12th, 2013, Patrice Christmann / Deputy director of BRGM's corporate strategy directorate, in charge of BRGM's mineral resources strategy

Among critical mineral resources, rare earth metals occupy a special place because they are part of the core of many future technologies: electric cars, smartphones, wind turbines. Resources are now concentrated in the hands of a few players. Can this situation be reversed? What are the risks entailed for industrial sectors downstream of production?

Shale gas: any alternatives to hydraulic fracturing?

Industries January 14th, 2013, Gilles Pijaudier-Cabot / Professor, University of Pau, director, Institute for the sustainable engineering of fossil ressources

In the United States and in Europe, hydraulic fracturing is one of the most controverted aspects of the shale gas debate. The dialogue of the deaf around the impacts on the environment generates many overstatements from both camps. The arguments put forward by the two sides deserve attention, but one would be wrong to stay stuck there: research is already in motion and new techniques are emerging.

Tomorrow, urban wastewater treatment plants will be more than just decontamination factories. They will also produce a wide scope of resources, from water reused for human needs to green energy, bioplastics or even mineral components. Wastewater treatment will be a key issue in the development of a green economy: researchers will be able to combine biotechnologies, biochemistry and microbiology with chemical engineering and applied mathematics.

The global market for commodities has profoundly evolved over the last ten years. The dynamics between large producers and consumers have shifted and new factors have been added to an already complex equation. Within this context, both governments and large industrial firms are being forced to rapidly redefine their current strategies with some moving more swiftly than others.

How Poland has managed shale gas

Industries February 24th, 2012, Bertrand Le Guern / CEO, Petrolinvest

In 2009, Poland set out to produce shale gas and oil. This choice has taken in consideration the economic outlook, but also sensitive issues like energetic independence and exiting an all-coal powered policy. The Polish experience has thus embarked in a particular situation. Can it serve as a role model for other countries?

The growth in unconventional hydrocarbons has passed from adolescence and is approaching an age of maturity. Yet, optimism must be offset the concerns for those living closest to the revolution. Glancing back over the North American and Australian experiences some preliminary conclusions can be drawn. While best practices are making a contribution to sustainable production the equation will remain incomplete without fearless public debate of the subject.

Micro-algae are driving a small technological revolution. Their cultivation marks a new era in the production of biofuels, reinventing industrial processes as well as economic models. In the United States and Europe, several projects are now moving from an experimenting phase to actual operation.

Natural gas: an unconventional revolution

Industries September 30th, 2011, Bruno Weymuller / Former executive in the oil industry

The spectacular boom in both production and consumption of unconventional gas in the United States is a success story that few would have predicted at the dawn of the new millennium. Large oil companies are fighting to make up for this missed opportunity. Through mergers and acquisitions they have made the sector a key component of corporate strategy. The stakes could not be higher and decisions made now will have huge consequences for the future balance of the global energy industry.

"Are we entering a golden age of gas?" The question was posed in the latest IEA report and if the experts are to be believed the response is firmly positive. They have made predictions of a bright future based largely on the emergence of unconventional natural gas. The United States has witnessed a gold rush more commonly associated with the nation's frontier past, one that is raising some serious concerns for the environment.

Rare Earth: Why substitute? Recycle!

Industries May 16th, 2011, Du Hua / President of the Rhodia Rare Earth Systems GBU

China's decision in 2010 to limit production and exportation of the rare earth metals on which a number of industries rely set off alarm bells among the country's trading partners. This was particularly true for the chemicals industry. The President of Rhodia Group's Rare Earth Systems took time to comment on the current situation with ParisTech Review in Spring 2011.

As recently as mid-February copper prices hit an all time high of $10,157 a metric ton on the London Metal Exchange. While the market has cooled off in the intervening months the spike set off alarm bells for decision makers in government and business on how to approach overheated commodities and energy markets. Should the current climate be viewed as a passing anomaly or a permanent reality? Just how real is the threat of a shortfall?

The explosion of the Deepwater Horizon drilling rig has dealt a heavy blow to BP. Finding its very integrity and sustainability threatened, the company witnessed its stock market value plummet. Today, its shares are worth about half of what they were before the disaster. However, the heavy penalty that BP will have to face could paradoxically have a positive impact. By highlighting the financial risks of inadequate management of environmental hazards, it could make investors more aware of the environmental factor. And, it could push governments to adopt measures reminding investors of their obligations, if required.

As bad as the BP blowout was, it could have been worse. In some ways, the disaster at the Macondo oil well in the Gulf of Mexico was well placed: it happened "only" 66 kilometers from shore and "only" 1,500 meters above the seabed - and it threatened one of the richest and best-insured countries in the world, guaranteeing a mammoth media, industry, and government response. With oil drillers moving into ever deeper and more remote waters -and arguably farther away from regulators- could future spills be even more devastating?

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