Emergence of ‘New Energy Economy’

A research study has projected that by 2030; up to 3 billion people in developing countries would own cars and have a middle-class consumption pattern. This increasing rate of demand for fuel implies that oil and gas companies will have to continue focusing on their core competencies, despite the growth in alternative energy forms such as solar and wind power. 

Taking into consideration future energy demands, oil and gas companies are now developing strategic mindsets, strongly reflected in their increasing interest in hydrocarbon reserves.   While big players like Shell, ExxonMobil and BP have partnerships with investment companies, to explore and develop hydrocarbon reserves, emerging oil and gas investment firms like GHC Eastern are also increasing investment interest especially in the Eurasian market.

Chairman and CEO of GHC Eastern, Dr. George Haligua stated, “GHC Eastern has identified hydrocarbon reserves in Sakhalin, the combined systems of which are estimated to have a potential of $ 2.2 billion. This partnership will provide not only foreign investment, but foreign expertise and technology, which will leverage Russia’s market position as one of the world’s largest oil producer.”

The Search for ‘Cleaner’ and ‘Greener’ Natural Energy Resources

“Green” energy is one of the hot topics today, and homeowners as well as oil and gas companies are seeking alternative energy solutions.  With the aim of having minimal impact on the environment and to combat fluctuating oil prices, natural energy resources is now sought after. 

While, homeowners are creating their own natural energy resources using solar energy, wind energy and hydrogen energy, oil and gas companies and investment firms are exploring natural gas resources too. With depleting natural resources, oil and gas companies are searching for alternative energy sources, such as shale gas. 

The country majorly involved in producing and developing shale gas is North America. Many companies are driving the search for shale gas development and production across United States and Canada. Oil and gas companies and investment firms like Chesapeake Energy Corp., Devon Energy Corp., EOG Resources Inc., Newfield Exploration Co. and Georges Haligua are involved in exploration and development of untapped resources such as shale gas. 

There are contradicting views about exploration and development of resources such as shale gas regarding the amount of greenhouse gas emissions. However, with the ever increasing demand for energy, ‘natural energy resources’ seems to be the way forward and there is constant search for ‘cleaner’ and ‘greener’ energy resources.