Green Car Congress

JUNE 27, 2018

Well lateral lengths in the Permian have increased in average by more than 1,500 feet (ft) since 2016 to approximately 7,500 ft by the end of 2017, says GlobalData, a leading data and analytics company. On 25 June, the price of a 42-gallon barrel of West Texas Intermediate Crude (WTI) was $68.08.

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Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Green Car Congress

DECEMBER 23, 2016

Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the US shale industry became cash flow neutral for the first time ever. Even when US oil production hit a peak at 9.7 by Nick Cunningham of Oilprice.com. That isn’t a typo.

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Green Car Congress

FEBRUARY 23, 2017

The report estimates consumption to have been more than 500,000 barrels per day (b/d) in 2016. China has abundant coal resources, and for more than a decade the country has increased its capacity to manufacture methanol using coal as a feedstock. Consumption of MTBE and other derivatives in China was estimated at 230,000 b/d in 2016.

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Green Car Congress

DECEMBER 16, 2013

Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 million barrels per day (MMbbl/d) through 2016, when domestic production comes close to the historical high of 9.6 With domestic crude oil production rising to 9.5 MMbbl/d achieved in 1970. trillion cubic feet (Tcf).

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Oil Light Energy Vehicles 290

Green Car Congress

DECEMBER 4, 2016

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Oil production is expected to begin in late 2021. Oil production is expected to begin in late 2021. In 2013, BP (operator, with 60.5% —Bob Dudley, BP Group Chief Executive. Earlier post.).

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Mexico Chevron Oil Oil Prices 150

Green Car Congress

FEBRUARY 25, 2010

Canadian Oil Sands Trust, the largest stakeholder (36.74%) in the Syncrude oil sands project, announced plans to increase the synthetic crude oil production capacity at Syncrude Mildred Lake upgrader to 425,000 barrels per day by 2020 from 350,000 now. Marcel Coutu, Canadian Oil Sands’ President and CEO. and Imperial Oil.

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Oil-Sands Oil 2020 Canada 199

Green Car Congress

JANUARY 23, 2012

It also assumed implementation of existing regulations that enable the building of new energy infrastructure and resource extraction. Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1

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Oil 2005 Production 2010 210

Green Car Congress

DECEMBER 17, 2010

The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. US crude oil production increases from 5.4 million barrels per day in 2035.

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Gas 2011 Price Energy 199

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6 billion to $3.5)

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

OCTOBER 6, 2015

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

DECEMBER 15, 2016

The first trials on the demo plant in Leuna were successfully completed, within schedule, in the fall of 2016 and Global Bioenergies announced first production of green isobutene via fermentation. Earlier post.). Second-generation feedstock consists of agricultural residues (wood, straw, miscanthus, etc.),

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Green Car Congress

OCTOBER 27, 2010

Both regions will benefit from rapidly expanding biofuels markets, ample land and water resources, and cheap labor, Pike suggests. Countries with significant dependence on foreign imports of oil will likely show increased interest in algae-based biofuels if oil prices continue to rise over the next decade.

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2020 Production Water Oil Prices 319

Green Car Congress

DECEMBER 5, 2012

AEO2013 offers a number of other key findings, including: Crude oil production , especially from tight oil plays, rises sharply over the next decade. Domestic oil production will rise to 7.5 Biofuels grow at a slower rate due to lower crude oil prices and. Overall findings. Biomass and biofuels growth is slower.

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Fuel Energy Sale 2013 225

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.

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Saudi Arabia Oil Iraq Iran 150

Green Car Congress

JUNE 7, 2017

The team explored other scenarios including different levels of CO 2 and CH 4 fees applied to the BAU and OPT scenarios; different levels of LDV demand; and different oil prices. The researches used the results from MARKAL to estimate well-to-wheel (WTW) emissions rates for GHG, NO x , and SO 2 for ICEV and BEV technologies.

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Green Car Congress

JUNE 16, 2009

As one example of factors contributing to that decision, a survey of projected oil prices returned values between $30 and $250 a barrel, he said.). California Air Resources Board. From now through model year 2016, the regulatory driver is Pavley 1 (AB 1493), the state regulation of new vehicle greenhouse gas emissions.

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Green Car Congress

OCTOBER 3, 2016

The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. One way to mitigate high feedstock cost is to maximize conversion into the bioproduct of interest. Jones, Alan G. Fast, Ellinor D.

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Conversion Carbon CO2 Oil Prices 240

Green Car Congress

DECEMBER 14, 2016

The collapse of oil prices has forced the US shale industry to slash production costs. In other words, about three-quarters of the cost reductions have come from trends that will not ultimately improve the overall recovery of oil. Even if production is to continue to rise, it will require steadily higher crude oil prices.

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