Green Car Congress

MARCH 6, 2018

The oil industry has yet to recover from an unprecedented two-year drop in investment in 2015-2016, and the IEA sees little-to-no increase in upstream spending outside of the United States in 2017 and 2018. In Venezuela, oil production has fallen by more than half in the past 20 years, and declines are set to accelerate.

Brazil 218

Brazil Norway Oil Canada 218

Green Car Congress

JANUARY 1, 2010

Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. Venezuela contains billions of barrels in extra-heavy crude oil and bitumen deposits, most in the Orinoco Belt in central Venezuela.

Venezuela 186

Venezuela Oil Oil-Sands 2009 186

Green Car Congress

NOVEMBER 16, 2015

Highlights from the 2015 ranking include: Saudi Aramco tightened its already firm hold on the Nº 1 spot for the 27 th consecutive year as the most resource-rich national oil company. Petroleos de Venezuela (PDVSA). Supermajors retain four of the Top 10 spots. The Top 50 companies produce 75% of global oil output. ExxonMobil, US.

Oil 150

Oil Saudi Arabia Companies Venezuela 150

Green Car Congress

DECEMBER 9, 2011

Rosneft, the leader of Russia’s petroleum industry and majority owned (75.6%) by the state, and PDVSA, Venezuela’s state-owned oil and gas company, have signed a tentative memorandum of understanding (MoU) to set up a joint venture to develop heavy crude oil reserves in Venezuela as part of the Carabobo-2 project.

Venezuela 170

Venezuela Oil Commercial 2015 170

Green Car Congress

JANUARY 7, 2018

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. A former British colony located on the northeast coast of South America, Guyana borders Venezuela, Brazil and Suriname. billion recoverable oil-equivalent barrels.

Guyana 150

Guyana Oil South America Suriname 150

Green Car Congress

APRIL 27, 2017

It brings an additional cause of concern for global energy security at a time of heightened geopolitical risks in some major producer countries, such as Venezuela, the IEA said. In 2016, only 13% of all conventional resources sanctioned were offshore, compared with more than 40% on average between 2000 and 2015.

Oil 150

Oil 2016 Oil-Sands Global 150

Green Car Congress

AUGUST 25, 2015

CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output.

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Green Car Congress

AUGUST 12, 2015

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. India, which was earlier importing most of its crude oil from Saudi Arabia, is now changing its strategy and buying more crude oil from Nigeria, Iraq, Mexico and Venezuela.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

JULY 28, 2015

In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. per barrel in first quarter of 2015). by Gaurav Agnihotri for Oilprice.com. Still, Saudi Arabia can likely wait out the competition.

Saudi Arabia 150

Saudi Arabia Price Oil India 150

Green Car Congress

JULY 11, 2016

Venezuela acted as a check on the overall level though, as the crisis-hit country’s production continues to hit fresh lows. Iran’s oil output rise has been swift since sanctions were lifted on January 16, increasing 740,000 b/d compared with December 2015. —Eklavya Gupte, senior editor for S&P Global Platts.

Saudi Arabia 150

Saudi Arabia 2008 Iran Nigeria 150

Green Car Congress

OCTOBER 20, 2015

Venezuela, an OPEC member, has even proposed an emergency summit meeting. Both, it would seem, have incentive to do so, as each has lost over $100 billion in crude revenues in 2015—and Russia bears the extra burden of U.S. per barrel oil in 2015 and 2016 respectively, while the October projections are based $51.62

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

OCTOBER 6, 2015

According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 in 2015 and 2016 respectively). in 2015 and 2016 respectively). percent of GDP in 2014.

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

JULY 10, 2015

Unconventional oil production received a boost recently especially in North and South America with the significant increases in production from oil sands in Canada, tight oil and oil shale in the US, and growth projections of extra heavy oil in Venezuela. … —Nduagu & Gates. Experience I. Nduagu and Ian D. 5b01913.

Oil-Sands 150

Oil-Sands Oil Energy Fuel 150

Green Car Congress

DECEMBER 20, 2009

In the end, 188 countries voted in favor of the motion, with Cuba, Bolivia, Sudan, and Venezuela voting against it. Weech secured consensus before mid-morning by calling a vote to “take note” of the accord, rather than approve it. The accord will not become an official United Nations document unless unanimous approval is secured.

Climate 236

Climate Climate Change Tuvalu Obama 236

Green Car Congress

MARCH 30, 2016

The data suggests that on average we are exporting (waterborne) 325,000 barrels per day now, compared to 342,000 barrels per day during the first months of 2015. crude oil is Venezuela. In early February, Venezuela’s state-run oil company PDVSA imported a 550,000-barrel cargo of West Texas Intermediate (WTI) through its U.S.-based

Oil 150

Oil Venezuela France Asia 150

Green Car Congress

JUNE 23, 2016

Reports say the US exited 2015 with 4,290 DUC wells waiting for completion which, in most cases, costs more than drilling. The IEA cautions the return of Canada’s oil sands to the market or the potential outbreak of peace and tranquility in Nigeria, Libya and Venezuela could change this outlook. Every forecast must carry these caveats.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Green Car Congress

NOVEMBER 13, 2011

Under the central New Policies Scenario, automotive sales in non-OECD markets exceed those in the OECD by 2020, with the center of gravity of car manufacturing shifting to non-OECD countries before 2015. The share of fossil fuels in global primary energy consumption falls from around 81% today to 75% in 2035.

Oil 247

Oil Transportation Cheap Fleet 247

Cars That Think

JANUARY 29, 2022

Similar mismatches in supply and demand contributed to massive cascading blackouts in August 2003 in the northeastern United States and Canada, in July 2012 in India , and in March 2019 in Venezuela. In 2015, he wrote a winning proposal to ARPA-E’s NODES program —that’s the U.S.

Power Grid 102

Power Grid Grid Power Powered 102

Green Car Congress

JULY 28, 2018

China’s central bank has also taken the opportunity to loosen its grip over the yuan, which will save it from having to blow huge sums of reserves to keep the currency fixed, as it did during the summer of 2015. The oil supply outages in Venezuela, Libya and Iran could yet drive oil prices much higher. Of course, the U.S.

Oil Prices 170

Oil Prices Oil Price South Africa 170