Green Car Congress

JANUARY 21, 2015

US oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. That pushed companies to focus on wet gas and oil.

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Oil Prices Oil Price Mexico 150

Green Car Congress

JUNE 16, 2021

In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI).

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Oil Global Price Production 243

Green Car Congress

NOVEMBER 26, 2015

That spells more pain for the energy sector. an industry consultant, oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps. “I Still, upstream E&P companies are also being substantially squeezed by another plunge in oil prices.

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Texas Oil Oil Prices Mexico 150

Green Car Congress

MARCH 5, 2015

Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Supply alone, however, doesn’t determine price.

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Oil Prices Oil Price Saudi Arabia 150

Green Car Congress

OCTOBER 9, 2017

ChemCatBio , a consortium within the US Department of Energy, awarded funding to LANL in support of the project as one of 9 projects to accelerate the development of catalysts and related technologies for the commercialization of biomass-derived fuels and chemicals.

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Renewable Energy Fuel Minnesota 150

Green Car Congress

JULY 18, 2020

Their open-access paper appears in the journal Nature Energy. Projections of the evolution of COVID-19 pandemic trends show that lockdowns help to reduce COVID-19 transmissions by as much as 90% compared with the baseline without any social distancing in Austin, Texas. Nat Energy doi: 10.1038/s41560-020-0662-1.

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Gasoline Motor Motors Motoring 505

Green Car Congress

DECEMBER 8, 2020

The OPIS survey tracks actual gallons moved out of retail stations and it features sharper losses than those reported by the Energy Information Administration (EIA). For decades, California led all US states in consumption of gasoline, but that position has been passed to Texas, which finds smaller year-on-year volume declines of 15.8%.

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Gasoline 2020 Wyoming New Jersey 321

Green Car Congress

AUGUST 31, 2016

The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The West Texas shale basin has captured two-thirds of the 90 oil rigs that have been added since hitting a nadir in May. Cimarex Energy and Occidental Petroleum.

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Oil Prices Oil Fort Worth Texas 170

Green Car Congress

JUNE 27, 2018

A GlobalData analysis of recent wells for 26 operators in the Permian basin indicates a break-even oil price range from US$21 to US$48 per barrel with lateral lengths ranging from 4,500 ft to 10,500 ft. On 25 June, the price of a 42-gallon barrel of West Texas Intermediate Crude (WTI) was $68.08.

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Oil Chevron Texas New Mexico 236

Green Car Congress

AUGUST 24, 2018

The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018. Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018.

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2019 Oil Production 2018 236

Green Car Congress

MAY 30, 2019

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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Papua New Guinea Emissions Carbon Guyana 191

Green Car Congress

MARCH 13, 2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

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Argentina Oil Oil Prices Chevron 150

Green Car Congress

DECEMBER 17, 2014

The average US household will spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years, according to projections by the US Energy Information Administration (EIA). The price for US regular gasoline has fallen 11 weeks in a row to an average $2.55

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2015 Gasoline Fuel Economy MPG 210

Green Car Congress

DECEMBER 5, 2012

The US Energy Information Administration released its Annual Energy Outlook 2013 (AEO2013) Reference case (the Early Release ), which highlights a growth in total US energy production that exceeds growth in total US energy consumption through 2040. Biofuels grow at a slower rate due to lower crude oil prices and.

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Fuel Energy Sale 2013 225

Green Car Congress

JULY 13, 2016

Because of this, the collective US shale industry has been likened to the new “swing producer”: low oil prices force quick cutbacks but higher prices trigger new supplies. And because there were few job openings, very few young people between the mid-1980s and 2000 went into oil and gas.

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Oil Industrial Industry Oil Prices 150

Green Car Congress

JUNE 13, 2012

World primary energy consumption grew by 2.5% Oil remains the world’s leading fuel, but its 33.1% Global energy consumption grew by 2.5% seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. Global energy consumption grew by 2.5% in 2011, close to the historical average.

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Coal Oil Renewable Saudi Arabia 261

Green Car Congress

MARCH 20, 2012

The divergence of West Texas Intermediate (WTI) and Brent crude oil prices in 2011 affected refinery utilization in the United States, particularly in the East Coast (PADD 1) and Midwest (PADD 2) regions, according to a report from the US Energy Information Administration (EIA).

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2011 Oil Texas Oil Prices 199

Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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Oil 2016 Oil-Sands Global 150

Green Car Congress

JANUARY 16, 2012

Industry appetite for oil-rich resource plays, particularly the North Dakota Bakken shale, Texas Eagle Ford shale and Ohio Utica shale, drove deal activity in the unconventional sector to a record $62 billion. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W. Click to enlarge.

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El Paso 2011 Oil Gas 225

Green Car Congress

SEPTEMBER 26, 2017

Energy researchers at IHS Markit have completed the first, three-year phase of a massive Permian Basin research project that models and interprets the giant basin’s key geologic characteristics to better estimate its remaining hydrocarbon potential. —John Roberts.

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Oil New Mexico Oil Prices Production 150

Green Car Congress

MARCH 2, 2013

A barrel of dilbit contains 30% diluents (that do not make significant contribution to gasoline) and 70% bitumen (with a high fraction of residuum, requiring a higher amount of energy-intensive coking to make gasoline and distillate fuels along with a higher fraction of petroleum coke than light crudes). tank-to-wheels, TTW).

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Climate Change Oil-Sands Nebraska Climate 250

Green Car Congress

NOVEMBER 7, 2014

A major factor in this growth has been an uptick in horizontal drilling in the Permian Basin, Texas’ revived giant, where the rig count was up 21% year-on-year. And while oil prices slumped in October, drilling activity continues to rise, according to Baker Hughes , the third-largest oil services company.

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Oil Oil Prices Texas United States 261

Green Car Congress

JUNE 20, 2011

Initial lifecycle analyses show that Genomatica’s Bio-BDO will require about 60% less energy than acetylene-based BDO. Genomatica expects Bio-BDO to be competitive at oil prices of $45 per barrel or at natural gas prices of $3.50 Greener reaction conditions: Kraton Performance Polymers, LLC, Houston, Texas.

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Green Market 2011 2020 236

Green Car Congress

APRIL 15, 2015

Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering. How communities in Texas can be spared drought. What it means for the oil and gas industry. How vital water is to energy independence.

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Water Oil Texas Gas 150

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment. The Three Prongs of the “Green&# Energy Stimulus Pa. The World's First Clean Motocross Race On Electric. Here we go again.or

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Grid Electric Vehicles Vehicles Oil-Sands 28

Green Car Congress

NOVEMBER 10, 2015

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important.

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Oil Climate Industrial Industry 150