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EIA: International demand will drive US production of petroleum and other liquids through 2050

Green Car Congress

EIA projects that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support US production. These cases include: The Reference case, which serves as a baseline, or benchmark, case.

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S&P Global: absolute GHGs from Canadian oil sands did not increase in 2022 even as production grew

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Absolute greenhouse gas emissions from Canadian oil sands production were flat in 2022 even as total production grew, according to an initial analysis by S&P Global Commodity Insights. The Canadian oil sands have demonstrated a consistent trend of reductions in GHG intensity for the past decade.

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EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. Source: EIA. Click to enlarge. Click to enlarge.

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Ohio Gov. signs legislation that defines natural gas as “green energy”

Teslarati

The natural gas industry in Ohio has gained a victory of sorts after Governor Mike DeWine signed legislation that allows for a broader expansion of drilling for oil and gas in state parks. The bill, which has been very controversial, also defines natural gas as a source of “green energy.”

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EIA projects increases in global energy consumption and emissions through 2050

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According to the IEO2021 Reference case, which projects future energy trends based on current laws and regulations, renewable energy consumption has the strongest growth among energy sources through 2050. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

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Douglas-Westwood: oil & gas industry need to push High-Pressure - High Temperature envelope

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HP / Extreme HP typically refers to borehole pressures between 10,000 - 20,000 psi; HT / Extreme HT refers to borehole temperatures between 300-400 ?F Pressures and temperatures outside these ranges are referred to as “Ultra-HPHT”, which represents the absolute limits of current technology. F (149-204 ?C).

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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018. —Spencer Welch.

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