article thumbnail

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

Green Car Congress

The US Energy Information Administration (EIA) has released a new report that estimates that shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world’s crude oil and 32% of the world’s natural gas technically recoverable resources—i.e., Report terminology.

Oil 281
article thumbnail

Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%

Green Car Congress

Initial assessments of 48 shale gas basins containing almost 70 shale gas formations in 32 countries suggest that shale gas resources, which have recently provided a major boost to US natural gas production, are also available in other world regions. A new EIA-sponsored study by Advanced Resources International, Inc. Click to enlarge.

Gas 210
article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

Ample natural gas resources exist to support demand growth, but greater gas infrastructure development is needed to support growth in the medium term. Potential magnitude of resource and landed cost of hydrogen in Germany, 2050. —Snam CEO Marco Alverà. Source: BloombergNEF. MMbtu in Russia, $8.7/MMbtu MMbtu in Russia, $8.7/MMbtu

Gas 243
article thumbnail

GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF).

article thumbnail

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

Of the non-Saudi, non-Gulf Arab ally OPEC members, only Libyan per capita resources exceed the average. As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. trillion of $3.05 As the following table shows, their advantage is particularly large on a per capita basis.

article thumbnail

Europe Expands Virtual Borders To Thwart Migrants

Cars That Think

Now, Frontex is refocusing its resources from shipboard patrols to aerial and remote sensing, according to its. Mali was a conflict zone, so he moved on to Algeria, but he lacked a work permit, and employers would underpay him or fail to pay him altogether. percent to €543 million in 2021.

Europe 144
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Denis Khramov, Russia’s deputy Minister of Natural Resources, said September 28 at a conference in Russia’s Far East that Rosneft and Gazprom are delaying some offshore drilling by two to three years because of sanctions and low oil prices. In addition, mismanaged confrontation with the U.S.

Russia 150