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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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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

Oil 186
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State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

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Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oil sands using different production processes relative to gasoline produced from reference crudes. The proposed Project is not likely to impact the amount of crude oil produced from the oil sands.

Oil-Sands 253
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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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ExxonMobil projects that meeting future energy demand will be supported by more efficient energy-saving practices and technologies; increased use of less-carbon-intensive fuels such as natural gas, nuclear and renewables; as well as the continued development of technology advances to develop new energy sources. liters per 100 km) in 2010.

Oil-Sands 309
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US DOE seeking accelerated development of unconventional energy resources in Alaska’s Arctic

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Development of unconventional energy resources in Alaska—including heavy oil and methane hydrates—could be accelerated under a Memorandum of Understanding (MOU) signed by the state’s Department of Natural Resources (DNR) and the US Department of Energy (DOE).

Alaska 210
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Joint Review Panel Gives Go-Ahead to Mackenzie Gas Project in Canada

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The parties proposing to develop the Mackenzie Gas Project are: Imperial Oil Resources Limited (IORL); Imperial Oil Resources Ventures Limited (IORVL); Shell Canada Limited as managing partner of Shell Canada Energy; ConocoPhillips Canada (North) Limited and ConocoPhillips Northern Partnership; ExxonMobil Canada Properties; and.

Canada 170
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Stealth Ventures Ltd. and Clean Coal Ltd. Partner on Underground Coal Gasification Project in Nova Scotia

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Stealth currently holds 100% of the coalbed methane rights of a 177,000 acre property in the Cumberland Basin which represents a gas resource play in Nova Scotia estimated by Sproule Associates Limited to contain net 1.183 TCF (Trillion Cubic Feet) of Discovered Coalbed Methane Resource. Stealth Ventures Ltd. Clean Coal Ltd.

Coal 170
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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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ExxonMobil’s Outlook for Energy projects that carbon-based fuels will continue to meet about three quarters of global energy needs through 2040—a finding consistent with many projections, including those made by the International Energy Agency. Half of that increase will come from the Asia Pacific region, led by China.

Energy 252