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Topic : Energy resources
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Energy Professionals

 
Industry : Power Functional Area : Growth
Activity:  7 comments  177 views  last activity : 05 06 2011 02:29:16 +0000
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Future of Energy Industry:

  • Energy security and environmental sustainability are the need of the global society
  • Advanced technology will play a larger role in reducing the high risk of unsuccessful oil exploration, anticipating successful oil reserves, enhancing operational efficiency, and attracting & hiring new employees through social networking website. Furthermore, Integration of new technologies will help in reducing carbon emissions and combating climate change.
  • So, the prime factor is technological innovation, which will drive the success of future Oil and energy Industry.
  • Demand for energy continues to increase exponentially with increased pace of urbanization. As more and more people have higher disposable income, their demand for energy will also increase. This is going to put tremendous pressure on energy production in country.

Growth Drivers:

  • Economic growth/ activity
  • Population growth
  • Deregulation
  • Technological innovation
  • Huge Asian Demand

Industry Complexity

  • Government regulations
  • Higher taxation
  • Huge Entry barrier
  • Capital Intensive industry
  • Stringent Environmental norms: Climate change
  • Addressing sustainability issues
  • Managing cost - Efficiency
  • Integration of new technologies to reduce carbon emissions and combat climate change
  • Supply for controlling the up and down industry cycle
  • Complex process of new technologies for upgrading
  • Managing geo-political risk
  • Maximizing shareholder value
  • Managing investor concern for stable investment return
You can read the complete post here - http://goo.gl/AErgo

Share your views.

Best
Chitra

 

 
7 comments on "Energy Industry - Growth drivers and complexity"
  Commented by  Kiran Sethumadhavan, Partner, Sunrise Associates    | 05 06 2011 02:29:16 +0000
good article.. energy industry is at the cusp of growth and misuse.it is imperative that we can channelise this industry in such a way that the commoner is benefited while the country is able to reduce environmental hazards 
  Commented by  JAYANTA KUMAR BORAH, B.Tech/B.E.,fresher, Annamalai university    | 05 05 2011 18:12:57 +0000
Thanks for referring madam.....as considering the growth in nuclear energy our country  aims to complete its first indigenous fast breeder nuclear reactor by the end of next year and plans to add six more by 2023 as the nation seeks new energy sources to propel economic growth.
  Commented by  Capt. V.S. Kartik, CEO/MD    | 05 05 2011 13:39:54 +0000
A Good dissertation Chitra. The Energy Industry is presently in a state of flux. The ready alternative to fossil fuels - so reduction in environmental risks or global warming - is yet to be a mainstream alternative. In that sense, the Fukushima nuclear tragedy has made the public apprehensive about nuclear energy; this mandates stricter regulation and controls (contrary to what you have advocated). Wind energy and solar energy yet to be harnessed to that degree required to be of signifance in grid consumptions. The Asian population nexus and the energy demands do make it urgently necessary to implement energy awareness. For this political commitment and will is required. Please note that mechanical/kinetic energy is already changing the face of the rural agriculture industry in the cotton belt.
  Commented by  JAGADEESAN S, Project Leader/Managing Consultant, Project Consultant    | 05 05 2011 12:09:51 +0000
vital growth
  Commented by  SHRIKANT MANOHAR DANKE, Consultant, Project Management Consultancy Firm    | 05 05 2011 11:40:29 +0000
There is potential for growth in energy industry , but sad to say that we are going on wrong path.
Thanks for the referral, Chitra & nice posting. 
well it's huge chance of Future of Energy Industry, thanks for the Facts ma'am
  Commented by  S. Muralidharan, Head, Project Planning/Strategy, Knowledge Foundation    | 05 05 2011 10:10:00 +0000
If you look at it as abominable, yet it is!  We still have unexplored knowledge on energy security in our ancient scriptures.  We need to do more on "Geothermal energy".  
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