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Production of crude oil as a percentage of proved reserves: Recent worldwide and US trends

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In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world overall and in the United States alone. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. Production (billion barrels).

Oil 342
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EIA: biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast

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Consumption of distillate fuel oil in the US West Coast, as measured by product supplied, decreased to its lowest level since 2002 last year and continues its decline this year, according to the latest “This Week in Petroleum” report from the US Energy Information Administration (EIA).

Oil 195
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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

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The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. —Miettinen et al. Earlier post.).

Oil-Sands 314
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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. Production, which was 2.2 million barrels of oil equivalent (oil and natural gas) per day in 2012, is expected to reach 5.7

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Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. sanctions on Iranian oil. Iran, OPEC’s third-largest producer, is trying to convince its oil customers to continue buying Iranian oil despite stringent U.S. sanctions kick in.

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SDTC awards C$1.5M to support Molten Salt Catalyzed Gasification for hydrogen production; targeting reduced GHG footprint for oil sands synthetic crude

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Hydrogen is necessary in the upgrading of oil sands bitumen into synthetic crude, but it is a costly and carbon-intensive part of the process, given current hydrogen production technologies. GHG scenarios for hydrogen production in Alberta. The process is conducted at 1500 – 2000 psi (10.3 - 13.8 Source: Western Hydrogen.

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Researcher urges more effort on assessment of land and water impacts of oil sands production; reference point for other unconventional fuels

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Bitumen production from the Canadian oil sands provides a point of reference that could be used to observe and better manage the land and water impacts of a rapid transition to unconventional fuels, suggests Dr. Sarah Jordaan of the Energy Technology Innovation Policy Research Group, Department of Earth and Planetary Sciences, Harvard University.

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