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EIA: Permian region expected to drive US crude oil production growth through 2019

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The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 This national increase is almost entirely driven by tight oil. Lower wellhead prices in the region are contributing to slower growth in Permian crude oil production in 2019 compared with 2018.

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EIA: US Permian Basin oil production and resource assessments continue to increase

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Crude oil production in the US Permian Basin is expected to increase to an estimated 2.4 Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. million b/d) in that month. million b/d) in that month.

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BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

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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% Earlier post.).

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% Personal air travel (billion seat-miles) grows by an average of 0.7% Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 from 2012 to 2040, compared to 1.2% quadrillion Btu in 2012 to 2.7

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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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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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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With electromobility, the automobile industry faces a fundamental technological upheaval.Our path leads away from oil, to emission-free mobility, and the electric car plays a key role.CO The imminent collapse of traffic in megacities such as Mumbai, Mexico City or Bangkok. 2 -neutral fuels play another key role. Martin Winterkorn.

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