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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. World primary energy consumption grew by 2.5% Coal’s market share of 30.3%

Coal 261
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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012. billion in 2010.

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Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

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Examples of emerging oil sands related technologies and trade-offs. The paper is an examination of how various choices about the scale of the life cycle analysis applied to oil sands (i.e., The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.

Oil-Sands 225
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BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

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Between 2010 to 2030 the contribution to energy growth of renewables (solar, wind, geothermal and biofuels) is seen to increase from 5% to 18%. Natural gas is projected to be the fastest growing fossil fuel, and coal and oil are likely to lose market share as all fossil fuels experience lower growth rates. Coal will increase by 1.2%

Energy 210
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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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This review consisted of a closer look at the refined products markets in China, and also a sectoral analysis of energy use. China built its first methanol-to-gasoline (MTG) plant in 2010, and since then, another 10 MTG plants have come online. MTG units involve high capital costs and are only cost-competitive when oil prices are high.

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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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The report also finds that by 2035 global energy savings could be equivalent to nearly 20% of global demand in 2010. The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. Oil demand reaches 99.7 Energy demand. — WEO-2012.

Global 225
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Syngas Engages Rentech and GE for Clinton Coal and Biomass to Liquids Project in Australia

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Projected output of the Clinton Project is a maximum 13,000 barrels of diesel per day (15,800 barrels of oil equivalent per day or 5.3 Projected output of the Clinton Project is a maximum 13,000 barrels of diesel per day (15,800 barrels of oil equivalent per day or 5.3 Gas Conditioning.

Coal 218