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Production of crude oil as a percentage of proved reserves: Recent worldwide and US trends

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In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world overall and in the United States alone. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. Production (billion barrels).

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EPA proposing RFS pathways for biofuels made from canola oil via hydrotreating; diesel, jet, naphtha, LPG, heating oil

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The US Environmental Protection Agency (EPA) is proposing to approve Renewable Fuel Standard (RFS) pathways for certain biofuels that are produced from canola/rapeseed oil ( earlier post ) and is providing an opportunity for comment on the Agency’s lifecycle greenhouse gas (GHG) analysis of these pathways. production process.

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EIA expects US petroleum trade to shift toward net imports during 2022

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In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020, according to the US Energy Information Administration (EIA). million b/d. million b/d in 2023. million b/d.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. ExxonMobil’s reserves life at current production rates is 14 years. billion gross oil-equivalent barrels prior to the 2018 Ranger discovery. Resource Base.

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Oil sands growth to push Canadian crude production to about 4.7M bpd in 2025, up 67% from 2010; in situ production takes lead in 2016

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Canadian oil sands & conventional production. Oil sands growth will drive Canadian crude oil production to about 4.7 million bpd in 2010—a 67% increase— according to the latest forecast from the Canadian Association of Petroleum Producers (CAPP). million barrels per day (actual) in 2010 up to 3.7

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Petrobras reaches its highest historical monthly oil production in Brazil

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Petrobras’ oil production in Brazil reached an average of 2,126,000 barrels per day (bpd) in October, corresponding to 0.4% rise in September’s production of 2,118,000 bpd. This flow represents a historical new record, surpassing the previous record 4,800 bpd, reached in December 2010.

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Average carbon intensity of oil sands production has dropped ~36% in last 40 years; still 12-24% higher than conventional oil CI

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In situ production began in 1974, so no value is computable for 1970. The carbon intensity (CI) of Alberta oil sands production has significantly decreased over the last 40 years, according to a new study by a team from Stanford University published as an open access paper in the journal Environmental Research Letters.

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