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US Shale Is Immune To An Oil Price Crash In 2017

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shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S. oil production,” the consultancy noted.

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US offshore oil and gas leasing plan for 2017-2022 focuses on Gulf of Mexico, excludes Arctic

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US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Hopper released the final plan to guide future energy development for the Nation’s Outer Continental Shelf (OCS) for 2017-2022. The Proposed Final Program includes one sale in the northern portion of the Cook Inlet Planning Area.

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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins.

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Is A Second OPEC Cut In The Cards?

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OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

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MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

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The focus of the work was on alternative jet fuels that could be available commercially in the next decade using primarily North American resources. The prospects for FT jet fuels depend crucially on construction of a few pioneer commercial plants in the next few years. From Hileman et al. Click to enlarge. million bpd.

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Lux: VCs invest $5.8B in bio-based chemicals, as focus shifts to disruptive synthetic biology

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These five have raised $430 million in total, and growth of these platforms should lead to even bigger numbers for the segment in 2017. Low oil hits drop-ins, substitutes. Spider silk catches fancy. About 80% of VC investment in 2016 was on improved products, as opposed to only 46% from 2010 to 2015.

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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Although many feedstocks, technologies, and conversion pathways are currently sharing the same tent, the current decade is shaping up to be one of shakeouts, as early bets on cellulosic technologies reach commercial production and significant investments from oil majors and multinationals. commercialization. industry.

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