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Eni report: global oil reserves and oil production up in 2018 due to US

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Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

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IRENA: Mexico can more than quadruple share of renewable energy by 2030

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Mexico can increase the use of renewable energy in its energy mix from 4.4% Policy changes in the power market are needed to unleash Mexico’s renewable energy potential, with planning for expanded infrastructure and grid integration. If Mexico succeeds in reaching a 21% share of renewable energy, it will save US$1.6

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Solar fuels company Joule commissions first plant to demo commercial readiness, launches Joule Fuels subsidiary to advance direct solar-to-fuels platform

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Joule has commissioned its first SunSprings demonstration plant in Hobbs, New Mexico ( earlier post ), where the company will prove its scalable platform for solar fuel production using a fraction of the land and capital investment required for algae-derived or agricultural biofuels.

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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

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Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

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KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

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Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel.

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Shell to build LNG units in Gulf Coast and Great Lakes regions; two additional LNG for transport corridors in North America

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Once operational, this unit will supply LNG along the Mississippi River, the Intra-Coastal Waterway and to the offshore Gulf of Mexico and the onshore oil and gas exploration areas of Texas and Louisiana. LNG-powered Offshore Supply Vessels. By the 2060s solar becomes the world’s largest energy source.

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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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