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When Will Russia Run Out Of Oil?

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On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. In 2016, only 3.7

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. 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. by Dalan McEndree for Oilprice.com. and $65.65

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CNPC’s first hydrogen station in Beijing in operation

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Early in February, CNPC had put into operation its first hydrogen station for the 2022 Winter Olympics in Chongli District, Zhangjiakou City, refueling more than 470 hydrogen fuel cell vehicles during the Winter Olympics test events. CNPC) is an integrated international energy company.

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KIT and Wintershall Dea collaborating to develop industrial-scale methane pyrolysis for CO2-free production of hydrogen

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Direct thermal cracking of methane and other hydrocarbons is a way to produce hydrogen from natural gas without direct CO 2 emissions. There are huge quantities of natural gas worldwide and it can be used in a climate-neutral way. —Professor Thomas Wetzel of KIT’s Institute of Thermal Process Engineering. Resources.

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Tesla’s Elon Musk en route to Norway to speak at 2022 Offshore Northern Shore conference

Teslarati

Musk’s appearance at the 2022 ONS conference has been announced by the event’s organizers themselves. The 2022 ONS conference promises to be an important event. The Tesla CEO also warned about the dangers of letting the oil and gas industry deplete the Earth of its fossil resources at the 2014 ONS.

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Elon Musk highlights from 2022 ONS Conference [Video]

Teslarati

Musk on Oil, Gas, and a Renewable System. Before the event, Musk talked about the need for gas and oil to sustain current society. When asked about oil and gas levels, Elon Musk replied: “I think realistically we do need to use oil and gas in the short term because otherwise, civilization would crumble.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%

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