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Japan will begin test drilling for oil and gas off Niigata coast in 2013

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Japan’s Ministry of Economy, Trade and Industry (METI) will begin test drilling for oil and natural gas in the Sea of Japan off the coast of Niigata Prefecture in April 2013. METI is outsourcing the test drilling, which is scheduled for April through June, to JX Nippon Oil & Gas Exploration Corp.

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Nearly 20% of intact tropical forest landscapes overlap with extractive industries

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A new study from WCS (Wildlife Conservation Society) and WWF finds that nearly 20% of tropical Intact Forest Landscapes (IFLs) overlap with concessions for extractive industries such as mining, oil and gas. According to 2013 estimates, 549 million acres of intact tropical forests remain. Grantham et al.

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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA.

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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

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Through the swap, BASF aims to further expand its production of oil and gas via its wholly owned subsidiary Wintershall —Germany’s largest internationally active crude oil and natural gas producer—and to exit the gas trading and storage business. billion barrel of oil equivalent.

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PBL/JRC: Global CO2 emissions increase to new all-time record in 2013, but growth is slowing down

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Global CO 2 emissions from fossil fuel use and cement production reached a new all-time high in 2013, according to the annual report “Trends in global CO2 emissions”, released by PBL Netherlands Environmental Assessment Agency and the European Joint Research Centre (JRC). in 2013, whereas in the EU emissions continued to decrease, by 1.4%

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Annual methanol consumption in China, 2000-16. After completing a re-assessment of energy use for a broad range of countries for the period 2013-14, EIA updated its historical data, with the largest changes occurring in China and other non-OECD countries. Source: EIA and Argus Media group, China Methanol to Energy Study , January 2017.

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Petrobras CEO says company will grow production to 5.7 mboe/day by 2020

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Speaking at the Offshore Technology Conference (OTC) in Houston , Petrobras CEO Maria das Graças Silva Foster said that the Brazilian oil and gas company’s reserves will double in size by 2020. million barrels of oil equivalent (oil and natural gas) per day in 2012, is expected to reach 5.7 Production, which was 2.2

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