Green Car Congress

NOVEMBER 9, 2019

The Government of Alberta, Canada, is now allowing curtailed operators to drill new conventional oil wells without being restricted by production limits. Companies are currently making investment decisions and we want those dollars and jobs to be in Alberta. Oil production in Alberta in September 2019 was 16.75 Background.

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Green Car Congress

MAY 22, 2020

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4

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Green Car Congress

OCTOBER 1, 2012

The cost associated with replacing a barrel of produced oil has risen from $6 per barrel in 1998 to $27 per barrel in 2011, according to Lux Research—an increase of 350%. Unconventional oil will be a key area of focus for producers. will be in the oil sands. Cost to replace each barrel of oil produced.

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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

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

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Green Car Congress

AUGUST 23, 2012

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. GlobalData predicts Asia-Pacific to follow very closely with a capex of $253.1

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Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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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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Green Car Congress

JUNE 23, 2011

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

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Green Car Congress

SEPTEMBER 21, 2015

Dan Doyle is president of Reliance Well Services, a hydraulic fracturing company based in Pennsylvania. On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). Then there are the service companies. by Dan Doyle for Oilprice.com.

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Green Car Congress

FEBRUARY 1, 2014

Incremental well-to-wheels GHG emissions from WCSB Oil Sands Crudes Compared to Well-to-Wheels GHG Emissions from Displacing Reference Crudes Click to enlarge. Market analysis: cross-border pipeline constraints have a limited impact on crude flows and prices. That portion of the pipeline has already been built. million bpd.

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Green Car Congress

SEPTEMBER 18, 2015

The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. strong>Figure 3.

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Green Car Congress

JUNE 12, 2015

The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. billion barrels. enthused the Financial Post.

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Oil-Sands Oil North Dakota Oil Prices 150

Green Car Congress

DECEMBER 8, 2014

Investment into emerging oil and gas E&P (exploration and production) technologies, which were nearly non-existent in 2003, at just $57 million, have attracted nearly $7 billion in private investment from 497 unique transactions, according to a new report from Lux Research, “ Investing in Next Generation Oil and Gas Technologies ”.

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Green Car Congress

JULY 19, 2012

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Treat all crude oils as part of the overall pool of transportation fuels. We did not shy away from controversy. We are not advocates.

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Green Car Congress

DECEMBER 14, 2016

The collapse of oil prices has forced the US shale industry to slash production costs. All three of those strategies led to a decline in the breakeven price for a shale wells. This item accounted for about 35% of the break-even price reduction.” by James Stafford of Oilprice.com.

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Tony Karrer Delicious EVdriven

APRIL 16, 2009

Agassi was an executive at SAP that lead the software company to being the enterprise software leader ahead of Oracle, IBM, and all others. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. No more Big OIL - think of the extra money stimulating the economy! Then we are done! Email Neal.

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Green Car Congress

NOVEMBER 10, 2015

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. Drilling oil and gas wells requires a lot of money. Low oil prices are undermining the ability of some companies to pay back their debt.

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