Dr. Shum has over 40 years experience in the international petroleum industry and is widely recognized as a leader in the international oil industry in China for his ground-breaking achievements, including the first successful international discovery of oil in offshore China. He also led the team that developed the largest enhanced oil recovery operation in the history of the industry, which was located in Indonesia, and was head of Texaco’s office in Beijing for almost a decade. Joining Texaco in 1968, Dr. Shum held positions of responsibility in exploration, development and production operations around the world, with significant responsibilities for operations in China, Indonesia, Malaysia, Pakistan, Thailand and Kuwait.
China opened its entire offshore area for cooperative development with foreign oil companies in the late 1970's. All of the participating global oil companies formed their own group with the responsibility to conduct a general seismic survey of certain desig...
The U.S. Energy Information Administration's recently released International Energy Outlook 2016 (IEO2016) projects that world energy consumption will grow by 48% between 2012 and 2040. Most of this growth will come from countries that are not in the Organization for Economic Cooperation and Development (OECD), including countries where demand is driven by strong economic growth, particularly in Asia. Non-OECD Asia, including China and India, accounts for more than half of the world's total increase in energy consumption over the projection period.
Concerns about energy security, effects of fossil fuel emissions on the environment, and sustained, long-term high world oil prices support expanded use of nonfossil renewable energy sources and nuclear power. Renewables and nuclear power are the world's fastest-growing energy sources over the projection period. Renewable energy increases by an average 2.6% per year through 2040; nuclear power increases by 2.3% per year.