Summary

The leading business intelligence provider, has released its latest research “Top Ten Global Energy Trends in 2010” The study, which is an offering from the company’s Energy Research Group, provides an analysis of the key challenges and potential short term trends in the global energy sector during 2010. The major areas of focus include impact of the financial crisis and the after effects of the crisis and the global economic recession on the energy sector. Challenges in conventional as well as non conventional energy sector, technological developments in new and alternative energy sectors and the nuclear industry are also analyzed. The global economic recovery and the impact on the capital expenditure in the petroleum industry in 2010, growing trend towards the offshore oil and gas industry and the approach of the oil and gas companies to prepare for the upturn are some of the other issues that have been analyzed in the report. The report highlights and analyses the most critical trends or issues in the global energy sector in 2010. The report is built using the data and information sourced from proprietary databases, primary and secondary research and in house analysis by Global Markets Direct’s team of industry experts.

The global energy industry is at a key juncture in terms of its short and long term outlook. On the one hand, the highly volatile commodity markets and the prevalent low prices following the global recession have resulted in an overall bleak outlook for the industry in the short term. On the other hand, 2009 is the year of Global Climate Change Summit which is expected to lead to a global climate change framework thereby establishing norms to mitigate climate change which in turn is expected to have a significant impact on the energy industry in the long term. The two main factors of global recession and climate change are threatening the energy industry by providing a negative outlook for the energy demand in the future. However, there have been signs of a global economic recovery with many of the large economies growing positively in the second half of 2009 which is expected to be the key trend in 2010. The negative outlook on the energy industry also had depressed the valuations of the companies and their assets. However, companies with strong fiscal positions are seeing this as an opportune time for mergers and acquisitions and buying assets. With the global economy poised for recovery in 2010, the energy industry is expected to witness a positive outlook with various segments witnessing these key trends.

Global energy consumption was about 11294.9 Mtoe in 2008 which was an increase of 1.7 per cent from 2007. The economic downturn by the end of 2008 had a negative impact on the growth in energy consumption. This downward trend has continued in 2009. Global energy consumption in 2009 is expected to slightly increase to about 11428.1 Mtoe with an annual growth rate of 1.2 percent from 2008. As lack in demand in major energy consuming sectors and a general unhealthy environment for consumer spending has had a negative effect on the growth of the energy consumption from the second half of 2008. The US total energy consumption had a negative growth in 2008 and is expected to continue in 2009. Similarly, many European economies including Denmark, Portugal, UK and Asia Pacific economies such as Japan, Taiwan and Australia also consumed less energy in 2008. Further, the total energy consumption in the OECD economies is expected to continue to witness a negative growth in 2009. However, with the global economy expected to recover in 2010, energy consumption in the OECD economies is expected to grow. The improving economic conditions in 2009 and the expected recovery in 2010 will further drive the growth in energy consumption in these economies.

Scope

The report provides an in-depth analysis of the top global trends in the energy sector in 2010 with challenges and future prospects for the overall industry. The report provides critical analysis of the various trends in the different segments of the energy industry including oil and gas upstream and downstream, unconventional and offshore oil and gas sectors, nuclear energy, alternative energy, electricity sector and coal sector. The report also provides deal analysis of the oil and gas, nuclear and alternative energy sectors.

The scope of the report includes:
- The report analyses the impact of the financial crisis and the after effects of the global economic recession on the global energy sectors and its potential reverberations in 2010.
- Highlights the issues and challenges that the energy industry is expected to face in 2010.
- Covers deal activities in the oil and gas, upstream and downstream energy sectors.
- The report also provides information on deal activity in the alternative and renewable energy sector.
- The report also analyses the current and estimated capital expenditure in the exploration and production sector
- The report also covers the non – petroleum energy sectors such as coal, nuclear and clean energy and the electricity sectors and highlights the future trends in 2010.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to:
- Drive revenues by identifying the fastest growing sectors to invest in the energy industry.
- Identify market challenges and opportunities for shaping investment strategies.
- Make informed business decisions and maximize investment returns by understanding the trends and challenges that will impact the energy companies in 2010.
- Identify upcoming business opportunities in various energy sectors and geographic regions.
- Identify potential challenges for business plans and develop effective risk alleviation measures.
- Develop an understanding of the investment scenario in the different energy sectors."

1 5
1.1 List of Tables 8
1.2 List of Figures 9
2 Top Ten Global Energy Trends in 2010 – Introduction 10
2.1 Report Guidance 10
3 Global Total Energy Consumption Is Expected To Recover In 2010 11
3.1 Global Energy Consumption to 2010 11
3.2 Global Energy Mix To 2010 12
3.3 Global Economic Overview 13
3.4 Key Factors Affecting The Global Energy Consumption 14
3.4.1 Global Economic Slowdown 14
3.4.2 Focus On Energy Efficiency 14
4 Global Corporate M&A And Asset Transactions In The E&P Sector Are Likely To Witness A Rise While Downstream Sector Lag In 2010 15
4.1 Global Oil And Gas Deal Activity in 2009 15
4.2 Total Upstream Sector Deal Activity in 2009 16
4.3 Upstream Deal Activity By Geography 17
4.4 Total Downstream Sector Deal Activity in 2009 19
4.5 Downstream Deal Activity By Geography 20
4.6 E&P Deal Multiples 23
5 Crude Oil And Natural Gas Prices And Thereby E&P Capital Expenditure Are Expected To Witness An Upward Trend In 2010 24
5.1 Exploration And Development Capital Expenditure 24
5.1.1 Decrease In Exploration And Development Spending In 2009 24
5.1.2 Improving Economic Outlook In 2010 Will Drive The Recovery Of Capital Expenditure 25
5.2 Factors Affecting The Capital Expenditure Plans 26
5.3 Investments From National Oil Companies In 2009 And 2010 27
6 Electricity Consumption And Generation Is Expected To Increase In 2010 With Increasing Focus On Smart Grid Implementation In Major Consuming Markets 28
6.1 World Electricity Generation By Fuel Type, 2005-2010 28
6.2 OECD And Non-OECD Electricity Generation, 2005-2010 29
6.3 World Installed Electricity Generation Capacity, 2005-2010 30
6.4 World Net Electricity Consumption, 2005-2010 31
6.5 Key Trends In The Electricity Transmission And Distribution Sector 31
6.6 Smart Grid Technology Overview 32
6.6.1 Generation 34
6.6.2 Storage 34
6.6.3 Transmission 34
6.6.4 Distribution 34
6.6.5 Consumption 34
6.6.6 Communication 35
6.6.7 Proposed Smart Grid Investments in US 35
6.6.8 Proposed Smart Grid Investments in Asia Pacific 35
6.6.9 Effect of Recession on Smart Grid Implementation 36
7 Nuclear Energy Will Continue To Increase Its Role In The Energy Mix And Is Likely To Attract Increased Investments In 2010 37
7.1 Global Installed Nuclear Power Capacity And Generation, 2005-10 37
7.2 Emerging Nuclear Power Regions 38
7.2.1 Nuclear Power Market 39
7.2.2 Nuclear Reactor Market By Region 40
7.2.3 Present Status Of Emerging Countries For Nuclear Power Development 40
7.3 Small And Medium Reactors In The Emerging Nuclear Power Market 41
7.3.1 Nuclear Industry Infrastructure Development in Emerging Nuclear Power Countries 41
7.3.2 Simplicity of Operation of SMRs 41
7.3.3 Cost Competitiveness of SMRs 42
7.3.4 SMRs Meet Customized Needs 42
7.4 Investments in Global Nuclear Power Sector 42
7.5 Nuclear Industry Deal Analysis, 2009 42
7.6 Key Factors Affecting The Nuclear Industry 43
7.6.1 Emerging Nuclear Power Countries, Economic Feasibility of Nuclear Power Plants 44
7.6.2 Impact Of Global Economic Recession On The Nuclear Power Sector Development 44
7.6.3 Safety Management 44
7.6.4 Long Project Lifetime And Ensuring Financial Competitiveness 44
8 Increased Focus On Clean Alternative Energy And Alternative Fuels Is Expected To Attract Investments To The Sector In 2010 45
8.1 Global Alternative Energy Share In The World Energy Mix To 2010 45
8.2 Global Electricity Generation From Renewable Energy To 2010 46
8.3 Global Renewable Power Capacity By Source To 2010 47
8.4 Alternative Fuels Are Increasing In Production In 2010 48
8.5 Deal Analysis In The Alternative Energy Sector, 2009 49
8.6 Key Trends In The Alternative Energy Industry 50
8.6.1 Reduction In Carbon Emission Levels 50
8.6.2 Favorable Government Policies Driving The Renewable Energy Industry 51
9 Refining Sector Will Continue To Experience A Downturn Fuelled By Low Refining Margins In 2010 53
9.1 Global Refining Sector Is Experiencing A Downturn Due To The Economic Crisis And Uncertain Product Demand 53
9.2 Global Refining Capacity By Region, 2000-2010 53
9.3 Global Refinery Utilization, 2000-2008 55
9.4 Major Factors Affecting The Refining Industry 55
9.4.1 Volatile Crude Prices 55
9.4.2 Volatile Refining Margins 55
9.4.3 Uncertain Economic Outlook 56
9.4.4 Adoption Of New Technologies And Increased Focus On Reducing Climate Change 57
9.5 Fall In Refining Earnings Of Major Companies From Refining Operations 57
9.6 Divestment Of Refining Assets 58
9.7 Future Capacity Increase From The Major Upcoming Refinery Projects 59
10 New And Emerging Frontiers Will Increasingly Add To The Supply Of Oil And Gas In 2010 60
10.1 New And Emerging Frontiers In The Oil And Gas Industry 60
10.1.1 Offshore Oil And Gas Industry 60
10.1.2 Unconventional Oil And Gas Industry 61
10.2 Oil And Gas Production 61
10.3 Major New Geographic Regions In The World For Unconventional And Offshore Oil And Gas Sectors 63
10.4 Future Major Offshore And Unconventional Oil And Gas Projects 64
10.4.1 Major Upcoming Oil Sands Projects In 2010 66
10.5 Key Trends And Challenges In The Offshore And Unconventional Oil And Gas Industry 67
10.5.1 The Global Oil And Gas Industry Is Witnessing A Shift In Investment To New And Emerging Frontiers Such As Offshore And Unconventional Oil And Gas Sectors 67
10.5.2 Constantly Evolving Technologies And Processes Enabling Development Of Offshore And Unconventional Resources 68
10.5.3 Low Prices And Negative Economic Outlook Will Affect The Growth Of The Offshore And Unconventional Industry In The Short Term 68
10.5.4 Environmental Impact Of The Offshore Oil And Gas Industry 70
10.5.5 The Development Of Unconventional Natural Gas In North America Will Hit The LNG Import Industry 70
11 Ambiguity Over Climate Change Policies And Framework Will Continue To Cast A Shadow Of Uncertainty Over The Energy Markets In 2010 72
11.1 Introduction to Global Warming 72
11.1.1 Naturally Occurring Carbon Cycle 73
11.1.2 Illustrations of Ecological Imbalance due to Excess Carbon 73
11.2 Impact of Green House Gases on Ecology 73
11.3 Global Initiatives to Reduce Carbon Footprint 74
11.3.1 The Kyoto Protocol 74
11.3.2 Worldwide Renewable Energy Policy Targets 75
11.3.3 Alternate Initiatives to Reduce Carbon Footprint and Their Impact on Reduction of Carbon Footprint 77
11.3.4 The Need for Artificial Carbon Sequestration 78
11.4 Key Initiatives Affecting The Energy Industry 78
11.4.1 Energy Efficiency 78
11.4.2 Curbs In GHG Emissions And Increased Costs Of Compliance 78
12 Coal Will Continue To Be A Major Source Of Energy In 2010 Especially In Coal Rich Countries Albeit The Focus On Climate Change 80
12.1 Global Coal Reserves, Production And Consumption, 2005-2010 80
12.1.1 Global Coal Production And Consumption 80
12.1.2 Global Coal Reserves, 2008 81
12.2 Coal In The Global Energy Mix, 2005-2010 82
12.3 Domestic Coal Consumption From Top 5 Nations 83
12.4 Coal End Usage 84
12.5 Trends In The Coal Industry 85
12.5.1 Focus On Climate Change And Reduction In Carbon Emissions Not Likely To Largely Reduce The Usage Of Coal In Countries Such As The US, China And India 85
12.5.2 New Technologies In Coal Usage 85
13 Appendix 87
13.1 Methodology 87
13.1.1 Coverage 87
13.1.2 Secondary Research 87
13.1.3 Primary Research 88
13.1.4 Expert Panel Validation 88
13.2 Unit of Measure 88
13.3 Acronyms 89
13.4 Contact Us 89
13.5 About Global Markets Direct 89
13.6 Disclaimer 89"

"1.1 List of Tables
Table 1: Global Energy Consumption by Geography in Mtoe, 2005-2010 12
Table 2: Global Energy Consumption Mix in Mtoe, 2005-2010 13
Table 3: Global Actual and Forec