The new “custodian” of the World Energy Statistical Review will be the Energy Institute, BP and the Energy Institute announced in a joint statement released on Tuesday.
The joint statement describes the annual statistical review as “the most comprehensive, objective and timely collection and analysis of global energy production, consumption and emissions data”. The review has been published by BP since 1952.
From 2023, the review will continue as The Energy Institute Statistical Review of World Energy, the joint statement revealed. Rigzone asked BP and the Energy Institute if the new version of the review will differ from BP’s in any way.
In response to the question, a BP spokesman said: “Statistics Review will definitely continue to be published in a similar form as it is now (including not behind a paywall); the responsibility for producing the review of statistics will be undertaken by the Energy Institute, but BP will remain closely involved in the short term to ensure continuity”.
Also responding to the question, a spokesperson for the Energy Institute said: “The Statistical Review has a rich legacy thanks to BP and so continuity is very important as the EI takes it forward from of this year”.
“Over time, what matters is that the data sets we publish keep pace with the changing energy system, which is what BP has ensured over the past seventy years, and we will do so,” added the spokesperson Energy Institute.
BP’s chief economist is very proud of the review
In the joint statement released today, BP Chief Economist Spencer Dale said: “I am very proud of the Statistical Review of World Energy, which BP has compiled and produced for more than 70 years.”
“The Statistical Review has a global reputation for providing timely, objective and comprehensive data on all aspects of the energy system, and is widely used by industry, governments and societies around the world to improve their understanding of the energy system and keep track of the latest developments,” he added.
“BP is committed to supporting the continuation of this vital source of information, which users can access free of charge. The Energy Institute, as a leading, independent and professional energy body, is the perfect new custodian. BP will work closely with the Energy Institute to relinquish our role in producing the statistical review and will continue to support and advocate for their role going forward,” continued Dale.
The review is a gem
Energy Institute President Juliet Davenport said in the joint statement: “The Statistical Review of World Energy is a gem.”
“It has always served a purpose far beyond BP, for professionals in our industry, for policy makers, academics and students,” Davenport added.
“We are pleased to welcome the Statistical Review to its new home at the Energy Institute, where it has a long-term, independent and free-access future providing the vital data and insights needed by industry, its workforce and society at large. as we accelerate the energy transition,” Davenport continued.
The Energy Institute’s chief executive, Nick Wayth, said: “Creating a better energy future must be driven by data and evidence, so bringing the statistical review to the EI is a great strategic fit”.
“We are grateful to the BP team for their continued support during the move and look forward to working with our new partners KPMG and Kearney, and the team at Heriot-Watt University. I am confident that this partnership will mean that the statistical review of the Energy Institute’s World Energy will go from strength to strength,” he added.
The Energy Institute describes itself as the collegiate professional membership body for people working across the energy world. Its purpose is to create a better energy future for its members and society by accelerating a global just-to-zero energy transition, according to the organization’s website.
The Energy Institute is currently hosting the International Energy Week event in London, which is scheduled to run until 2 March. The event’s website describes International Energy Week 2023 as “the global conference focused on the geopolitical and environmental crisis transition facing energy.”
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