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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.

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KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

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The executives also foresee shale oil and gas having a transformative effect on helping to meet the world’s energy needs, according to the results of the 9 th Annual Energy Survey conducted by the KPMG Global Energy Institute. What is exciting about these findings is that it demonstrates the industry's intent to explore all options.

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Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

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Over time, however, as the CO 2 price increases, it eventually becomes more economical to either retrofit plants to capture and store most of. CCTF will only employ direct CO 2 capture from air when the CO 2 emission price exceeds the cost of air capture. their CO 2 (e.g. ~90%) Alternative CCR [CO 2. capture and recycle – or.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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the steam required, represented by barrels of water, to produce one barrel of oil) from a peak of almost 8.5 for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). Worldwide heavy oil reserves by country. Oil production. Source: Chevron.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

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GAO Report Concludes Industry and Government Face Significant Challenges in Meeting RFS Target While Minimizing Unintended Adverse Effects; Suggests Federal Research Give Priority to Non-Ethanol Biofuels

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Unless crude oil prices rise significantly, GAO found, the VEETC is not expected to stimulate ethanol consumption beyond the level the RFS. Options could include maintaining the VEETC, reducing the amount of the tax credit or phasing it out, or modifying the tax credit to counteract fluctuations in crude oil prices.

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National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

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Such land conversion may disrupt any future potential for storing carbon in biomass and soil. In addition, the renewable fuel standard can neither prevent market-mediated effects nor control land-use or land-cover changes in other countries. The resulting consensus reports undergo external peer review before completion.

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