{"id":6612,"date":"2017-12-13T15:06:27","date_gmt":"2017-12-13T15:06:27","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=6612"},"modified":"2017-12-13T15:06:27","modified_gmt":"2017-12-13T15:06:27","slug":"bdo-publishes-2020-oil-gas-predictions","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/bdo-publishes-2020-oil-gas-predictions\/","title":{"rendered":"BDO publishes 2020 oil and gas predictions"},"content":{"rendered":"<p>BDO has today published its 2020 OIL AND GAS PREDICTIONS report. The report spotlights four major trends to impact energy sources and infrastructure, forcing legacy national and corporate energy strategies to be entirely revisited. BDO also warns against the next stage in cyber attacks, \u2018phlashing\u2019, a cyber crime that turns smart grids against themselves to take hostage a nations\u2019 entire energy infrastructure.<\/p>\n<ul>\n<li>By 2020, the U.K. will go virtually \u2018off grid\u2019, becoming energy self-sufficient through its shale gas reserves. The UK government recognises this potential and has offered favourable tax breaks to shale-gas producers and initiated fast track planning\u00a0procedures to kickstart production. In addition to this, the UK government has announced that it will create a Shale Wealth Fund to ensure that communities which host shale sites can share the benefits of shale development. The fund will initially consist of up to 10% of tax revenues arising from shale gas production and could provide up to \u00a31 billion of funding in total, a proportion of which could be paid out to host communities over 25 years.<\/li>\n<li>By 2020, liquefied natural gas (LNG) imports and solar power will bring electricity to 4 in 5 African people \u2013 Inadequate energy infrastructure has stood in Africa\u2019s way and African nations are combining LNG and solar power to break grid dependency. Africa presents an opportunity for LNG producers to find new sources of demand and LNG import facilities in Ghana and South Africa are under construction. Foreign solar companies have taken to installing solar microgrids and home-based solar systems across sub-Saharan Africa.<\/li>\n<li>By 2020, all oil will be nano-marked, proof-of-origin tested to avoid contravening international sanctions. Emphasis on ethical sourcing\u00a0 along with sanctions such as those in place on North Korea and Qatar, will lead to \u2018proof of origin\u2019 testing. A secure, complex method of identifying oil will be the key enabler, with nano technologies such as graphene quantum dots already being used to trace shipments. A specific spectrum can assign the nano markers to a particular well or producer. BDO predicts that tracing results will be part of the audit of production sharing contracts.<\/li>\n<li>By 2020, at least five countries will see their national energy grid be taken offline by Permanent Denial of Service attacks (PDoS) a new type of cyber attack. Known as \u201cphlashing\u201d PDoS attacks differ from DDoS attacks in that they target an embedded system instead of using a botnet, wich makes it particularly worrisome considering the present establishment of smart grids. New data indicates that while the number of DDoS attacks decreased 18% in 2017, the average number of attacks per target increased by 19%. Cybercriminals\u2019 raise their game and are eager to leverage the advent of two-way smart grids to achieve a domino effect of black-outs in the nation-critical areas of healthcare, transportation, security and financial services.<\/li>\n<\/ul>\n<p>BDO\u2019s 2020 NATURAL RESOURCE PREDICTIONS report closes its global prognosis to then dive into regional previsions for Australia, Canada, the United States, Saudi Arabia and the United Kingdom.<\/p>\n<p>In Canada, by 2020, new accounting rules will be required to respond to new challenges for financial planning, forecasts, and asset management, as oil &amp; gas companies increasingly leverage cloud computing. The US will overtake Australia and Qatar by 2020 to become the number one LNG exporter, discussions about constructing a natural gas pipeline to central America through Mexico standing central in the 2020 presidential elections. In the Middle East, Saudi Aramco will step up the use of local goods, services, and labour, reaching 70 percent localization by the end of 2020, and substitute oil and gas with solar power. By 2020, the UK will be the world\u2019s fracking capital, having developed the most robust planning, licensing, and operating regime for fracking in the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BDO has today published its 2020 OIL AND GAS PREDICTIONS report. The report spotlights four major trends to impact energy sources and infrastructure, forcing legacy national and corporate energy strategies &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/bdo-publishes-2020-oil-gas-predictions\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":6613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[6625,6624,5974,6630,5531,6627,1130,1421,1428,6629,6628,2290,6626],"class_list":["post-6612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-2020-oil-and-gas-predictions","tag-bdo","tag-cyberattacks","tag-ddos","tag-energy-sources","tag-home-based-solar-systems","tag-infrastructure","tag-liquefied-natural-gas","tag-lng","tag-pdos","tag-phlashing","tag-shale","tag-solar-microgrids","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/12\/BDO-ENERGY-2020-VISION.jpg?fit=846%2C524&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1IE","jetpack-related-posts":[{"id":6753,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2018-oil-gas-predictions\/","url_meta":{"origin":6612,"position":0},"title":"2018 Our oil and gas predictions &#8211; Ashurst","author":"","date":"January 29, 2018","format":false,"excerpt":"Oil price stability With the oil price pushing through to the US$70 mark, and further confidence that the price will remain more stable this year, we will see international oil companies (IOCs) looking to \"replenish the hopper\" with exploration and development investments that have not been seen for the last\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/01\/Ashurst.jpg?fit=1020%2C540&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/01\/Ashurst.jpg?fit=1020%2C540&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/01\/Ashurst.jpg?fit=1020%2C540&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/01\/Ashurst.jpg?fit=1020%2C540&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2000,"url":"https:\/\/www.oilnewskenya.com\/index.php\/unconventional-sources-of-energy-changing-traditional-supply-chain-model\/","url_meta":{"origin":6612,"position":1},"title":"Unconventional sources of energy changing traditional supply chain model","author":"Samuel Kamau Mbote","date":"November 4, 2014","format":false,"excerpt":"The global energy industry is undergoing a seismic shift, in part driven by development of new, unconventional sources of energy, such as shale gas, tight oils, coal seam gas and oil sands. This is according to a white paper on the dynamics, challenges and opportunities that are shaping the current\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11495,"url":"https:\/\/www.oilnewskenya.com\/index.php\/time-for-an-african-funded-energy-bank-to-finance-exploration-development\/","url_meta":{"origin":6612,"position":2},"title":"Time for an African Funded Energy Bank to Finance Exploration &#038; Development","author":"","date":"January 3, 2022","format":false,"excerpt":"By NJ Ayuk, Executive Chairman, African Energy Chamber For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa\u2019s oil and gas industry. To prevent catastrophic climate change, environmental organizations, financial organizations, and governments across Europe and\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/seismic-survey2.jpg?fit=723%2C482&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/seismic-survey2.jpg?fit=723%2C482&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/seismic-survey2.jpg?fit=723%2C482&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/seismic-survey2.jpg?fit=723%2C482&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5383,"url":"https:\/\/www.oilnewskenya.com\/index.php\/trump-win-brings-potential-for-significant-oil-and-gas-policy-effects-says-globaldata\/","url_meta":{"origin":6612,"position":3},"title":"Trump win brings potential for significant oil and gas policy effects, says GlobalData","author":"","date":"November 10, 2016","format":false,"excerpt":"Will Scargill, GlobalData's Senior Oil & Gas Analyst covering Upstream Fiscal & Regulatory Regimes says: \u201cDonald Trump\u2019s election as the 45th President of the United States may have significant effects for the global oil and gas industry. The policy platform laid out during the campaign on both domestic issues and\u2026","rel":"","context":"In &quot;Oil Politics&quot;","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/donald_trump_flag.jpg?fit=620%2C412&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/donald_trump_flag.jpg?fit=620%2C412&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/donald_trump_flag.jpg?fit=620%2C412&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8809,"url":"https:\/\/www.oilnewskenya.com\/index.php\/global-oil-gas-industry-deals-total-28-01bn-in-q2-2020-fueled-by-africa-middle-east\/","url_meta":{"origin":6612,"position":4},"title":"Global Oil &#038; Gas Industry Deals Total $28.01bn in Q2 2020 Fueled by Africa &#038; Middle East","author":"","date":"August 11, 2020","format":false,"excerpt":"Total oil & gas industry deals for Q2 2020 worth $28.01bn were announced globally, according to GlobalData\u2019s deals database. The value marked an increase of 106.2% over the previous quarter and a drop of 68.1% when compared with the last four-quarter average of $87.85bn. In terms of number of deals,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9555,"url":"https:\/\/www.oilnewskenya.com\/index.php\/many-of-africas-oil-and-gas-companies-in-distress-or-battling-with-liquidity-post-covid-19\/","url_meta":{"origin":6612,"position":5},"title":"Many of Africa&#8217;s Oil and Gas Companies in Distress or Battling with Liquidity Post-COVID-19","author":"","date":"December 14, 2020","format":false,"excerpt":"Global law firm Baker McKenzie's recent\u00a0Global Oil and Gas Survey: Response to the Oil Price Crisis,\u00a0outlines how\u00a0before the outbreak of the COVID-19 pandemic, the global oil and gas industry was at an inflection point. At the start of 2020, with oil, natural gas, and LNG markets each in a state\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/south_sudan_high_res_resize_2.2e16d0ba.fill-1600x900-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/south_sudan_high_res_resize_2.2e16d0ba.fill-1600x900-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/south_sudan_high_res_resize_2.2e16d0ba.fill-1600x900-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/south_sudan_high_res_resize_2.2e16d0ba.fill-1600x900-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/south_sudan_high_res_resize_2.2e16d0ba.fill-1600x900-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=6612"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6612\/revisions"}],"predecessor-version":[{"id":6615,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6612\/revisions\/6615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/6613"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=6612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=6612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=6612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}