BP Awards Funds to Heriot-Watt University for Energy Economics Research

Heriot-Watt University announced that it was awarded £1.25 million by BP to continue its energy economics research and as the partner for its annual energy benchmark reports, the BP Statistical Review of World Energy and the BP Energy Outlook.

The university’s Centre for Energy Economics Research and Policy (CEERP) has worked with BP’s economics team since 2007, and the new funding secures a further 3 years of expert statistical and analytical support for the BP reports.

The BP Energy Outlook outlines BP’s views of future global energy markets through to 2040 and uses a range of scenarios to explore the key uncertainties. The BP Statistical Review provides data on world energy production, consumption, reserves, and trade.

Energy economists at Heriot-Watt’s CEERP work with BP’s economics team to gather, analyze, and interpret data from around the globe to compile the reports.

In an article for TWA last year, director of the CEERP at Heriot-Watt University, Mark Schaffer, offered a behind-the-scenes look into how the mountain of data that goes into the BP Statistical Review of World Energy are managed  by the CEERP team.

The next BP Energy Outlook will be published 20 February 2018.