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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. For the world, production of crude oil in 1980 represented 3.4%

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Oil sands growth to push Canadian crude production to about 4.7M bpd in 2025, up 67% from 2010; in situ production takes lead in 2016

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Canadian oil sands & conventional production. Oil sands growth will drive Canadian crude oil production to about 4.7 million bpd in 2010—a 67% increase— according to the latest forecast from the Canadian Association of Petroleum Producers (CAPP). The forecast sees oil sands production rising from 1.5

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. Liquids represented 57% of the reserves, up from 53% in 2016. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil.

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Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation

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John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.

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Pike Research forecasts global NGV sales to hit 3.2M units annually by 2016

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million vehicles per year in 2010 to more than 3.2 million units annually by 2016. million vehicles by 2016. Natural gas refueling station development is not expected to achieve the same growth rate, but will reach nearly 26,000 stations worldwide by 2016. CAGR between 2010 and 2016). to reach 19.9

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ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

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However, oil will continue to play a leading role in the world’s energy mix, the report finds. In the forecast, global transportation-related energy demand grows close to 30% from 2016 to 2040. The share of the world’s electricity generated by coal is expected to fall to less than 30% in 2040 from approximately 40% in 2016.

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Chevrolet introduces 2016 Spark; new 1.4L engine with 16% more power and 40 mpg highway

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At the New York International Auto Show, Chevrolet introduced the all-new 2016 Spark—a completely redesigned and more sophisticated execution of the brand’s global minicar. The 2016 Spark is powered by an all-new 1.4L It offers greater efficiency and refinement, along with new, available safety and connectivity features.

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