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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218
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Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

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shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S.

Oil 150
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Boeing, GOL Airlines collaborate to increase sustainable aviation biofuel supply in Brazil

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will work together to speed the research, development and approval of new sources of sustainable aviation biofuel in Brazil. The agreement between Boeing and GOL is a significant new step in efforts to advance an aviation biofuel industry in Brazil. Boeing and GOL Linhas Aereas Inteligentes S.A.

Brazil 239
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 million barrels per day (MMbbl/d) through 2016, when domestic production comes close to the historical high of 9.6 In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants.

Oil 290
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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

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Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

Obama 268
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Boeing, Japanese aviation industry unveil biofuel roadmap to 2020 Olympics

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The roadmap explored the use of six feedstocks: municipal waste, microalgae, natural oils, waste food oil, non-edible biomass and woody biomass. The broad timeline for implementation is: Formulation of a business plan during FY 2015 ~ 2016; Design and construction of a plant from FY 2016 ~ 2018; Trial operation in 2019; and.

2020 150
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Shell outlines steps to net-zero business by 2050; to cut production of traditional fuels 55% by 2030

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Global oil and gas major Shell has outlined how it will achieve its target to be a net-zero emissions energy business by 2050, in step with society’s progress towards achieving net zero. Crucially, it includes emissions from the oil and gas that others produce and Shell then sells as products to customers, making the target comprehensive.