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Why North Dakota Is Like Iran, Iraq, Nigeria & Russia: Wasted Natural Gas

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If North Dakota were a country, it would rank fifth behind Russia, Nigeria, Iran, and Iraq on the list of worst natural-gas wasters, according to the World Bank. What does North Dakota have in common with Iran? An editorial in The Forum of Fargo-Moorehead blasted the North Dakota natural-gas industry for wasting valuable resources through flaring

"Transmission Losses:" Nigeria's oil pipeline sabotaged

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Shell has shut three flow stations after its oil pipeline in the Niger Delta was sabotaged. Recent attacks have resulted in $1bn a month in lost revenue. Source: bbc.com

Oil makes us impotent

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Sani Abacha of Nigeria, asking him to spare Mr. Saro-Wiwa from the hangman. Tags: shell oil Big Oil bill clinton nigeria “I had a surprising call this week,” the author Richard North Patterson told the audience that had gathered last weekend as part of the PEN World Voices Festival of International Literature. It was former President Bill Clinton.

EIA: nearly 69% of US crude oil imports in 2011 originated from 5 countries; Canada alone accounted for 25%

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Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria have consistently been America’s five largest crude oil suppliers, although their rankings varied from year to year. However, US purchases of crude oil in 2011 increased from Canada and Saudi Arabia and declined from Mexico, Venezuela, and Nigeria, according to final trade data from EIA’s February 2012 Company Level Imports report. Nigeria.

GE posts $63M in orders for Durathon sodium-halide battery systems

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These batteries will ensure the continuous operation of telecom installations in Nigeria. GE’s Energy Storage business announced $63 million in new Durathon sodium-halide battery orders since the business launched in July. Earlier post.) In its first weeks of operation, the business secured 10 new telecom customer orders across several regions, including Africa, Asia, India and the US powering a total of more than 3,500 cell towers.

Petrobras oil & natural gas output up 4% in Brazil in June to 2.4M boed

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slump due to operating issues and to the payment of taxes in Akpo, Nigeria. Petrobras’ oil and natural gas output in Brazil was 2,407,366 barrels of oil equivalent per day (boed) in June, 4% more than the 2,315,117 barrels produced a year earlier and a 2% increase over May 2011. Domestic natural gas production was 57.317 million cubic meters per day in June. This was 6.9% more than the same month in 2010, and 0.7% above last May.

China-based GAC to debut new SUV, hybrid crossover and EV at Detroit show; planning NA market entry in 2018

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The company has sold 370,000 vehicles in 2016, a 97% year-on-year increase that makes the company the fastest growing auto brand in China while establishing sales and services networks in 14 countries as the company expands further in the international market, including the recent mega launch events of GS4 in Bahrain and Nigeria and tripling the number of cars sold in Bahrain a year after entering the market as the best-selling Chinese auto brand in the country.

Opinion: How Much Longer Can OPEC Hold Out?

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With the huge reduction in its revenues and growing discomfort among its members such as Venezuela, Libya and Nigeria over its current production levels, is OPEC really getting weaker? Nigeria’s dilemma. by Gaurav Agnihotri for Oilprice.com.

Oil 1

Opinion: The Saudi Oil Price War Is Backfiring

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India, which was earlier importing most of its crude oil from Saudi Arabia, is now changing its strategy and buying more crude oil from Nigeria, Iraq, Mexico and Venezuela. by Gaurav Agnihotri of Oilprice.com.

Volkswagen establishes new Sub-Saharan Africa region

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Vehicle assembly began in Nigeria in 2015, with assembly in Kenya getting underway in December 2016. The Volkswagen brand has established a "Sub-Saharan Africa” region to develop and strengthen its activities in the African market. Sub-Saharan Africa refers to the area of the African continent south of the Sahara.

"Transmission Losses:" West African pirates

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5 Nigerian pirates stormed a Panamanian-flagged Ukrainian tanker, the Westaf, anchored off Lagos, Nigeria's commercial capital, according to the Sovfracht Maritime Bulletin published in Kiev. In the Niger Delta, the pirates in armed speedboats attack tankers and work with militants in the delta's swamplands who steal around 150,000 barrels a day from oil installations or pipelines, around 5 percent of Nigeria's daily production.

Oil 2

Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. OPEC’s 300,000-barrel-per-day output rise in June, boosted by fragile recoveries in Libya and Nigeria, and the unrelenting rise in Iran and the increase in Saudi Arabia, sends a strong message over its unwavering market share strategy.

Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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Major capital investments include developments in Australia, the deepwater Gulf of Mexico, Nigeria, Angola and China. Upstream spending for major capital projects in other regions includes: Nigeria: development of the Usan and Agbami deepwater fields, and construction of the Escravos gas-to-liquids facility. Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012.

EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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During 2012, Iraq replaced Nigeria as the fifth-largest supplier of US crude oil imports. Crude oil imports of 474,000 bbl/d were up slightly more than 3% from 2011, moving Iraq ahead of Nigeria as the fifth-largest oil supplier to the United States for the first time since 1999. Nigeria.

Global Gas Prices | Hybrid Sales

Hybrid SUV Blog

Nigeria. sales of hybrid SUVs and other fuel efficient vehicles will prove interesting to watch this year, especially if fuel prices remain relatively low. Expert predictions about where oil and gas prices are headed vary widely.

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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This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia.

INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia. Location of the Ichthys project. Source: INPEX. Click to enlarge. Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars.

Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

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Sasol continues to advance upstream oil and gas activities in Mozambique, Nigeria, Gabon, Australia, Papua New Guinea, Canada and South Africa. South African energy and chemicals group Sasol today announced that it has chosen the southwestern region of the State of Louisiana as the site for a planned gas-to-liquids (GTL) facility. Sasol will embark on a feasibility study to evaluate the viability of a GTL venture in Calcasieu Parish, Louisiana, over the next 18 months.

UNICEF: 300M children worldwide breathing air exceeding WHO pollution guidelines by 6x or more

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In the three countries with the highest child populations (India, China and Nigeria), the number of cars is likely to grow considerably in the coming decades, which will be particularly marked in Africa, and substantial too in South Asia.

Shell delivers more Brazil deep-water production from Parque das Conchas; 3rd phase of project

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Shell is a global leader in deep water with a strong development pipeline following last month’s completion of the BG combination, across offshore Brazil, the US Gulf of Mexico, Nigeria, and Malaysia. Shell and its joint venture announced the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil’s Campos Basin.

Opinion: Who Will Be Left Standing At The End Of The Oil War?

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For Nigeria, Libya and Iraq, the breakeven point is the point at which they can fund the fight against Boko Haram, a civil war and the Islamic State, respectively. And that’s with per barrel production costs of around $31/$32 in Nigeria, $23/$24 in Libya, and $10/$11 in Iraq.

Smith School lifecycle study highlights importance for algae-derived biodiesel of co-product utilization and optimizing and decarbonizing every step of the supply chain

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They also ran six LCA studies for the UK, France, Brazil, China, Nigeria and Saudi Arabia to determine a regional production preference, based on heat and electricity grid compositions from different primary energy sources. A baseline scenario for algal biodiesel (top) was 2.5

GE study finds 5% of worlds natural gas production wasted per year by flaring

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Although Nigeria has reduced flare gas emissions by 28% from 2000 levels, the country’s oil industry still wastes 15bcm of natural gas every year. Gas-flaring countries and trends. Click to enlarge. A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue.

Eni reports important new discovery offshore Congo

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Eni has been present in Sub-Saharan Africa since the 1960s and currently participates in exploration and production projects in Angola, Congo, Ghana, Gabon, Mozambique, Nigeria, Democratic Republic of Congo, Kenya and Liberia. Eni reports making an important new exploration discovery in the Marine XII Block located approximately 17 kilometers (10.6 miles) offshore Congo.

IEA: non-OPEC oil supply tops 43 mb/d for first time in decades; global demand to reach 92.4 mb/d in 2014

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Renewed disruptions in Libya and smaller drops in Nigeria, Kuwait, the United Arab Emirates and Venezuela more than offset higher output in Iran, Iraq and Angola. The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 million barrels per day (mb/d), on stronger-than-expected third-quarter demand growth among OECD countries of 320 kb/d.

Shell’s Cardamom development starts production; second major 2014 start-up in deep-water Gulf of Mexico

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Last month, Shell also started oil production from its Bonga North West (Shell 55%, 40,000 boe/d) deep water development off the coast of Nigeria and recently announced a natural gas discovery at its Marjoram-1 (Shell 85%) deep-water well in Malaysia, where the Gumusut-Kakap (Shell 33%) deep-water platform is also on track for production this year.

Increase in US rig count will not cap oil prices

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The IEA cautions the return of Canada’s oil sands to the market or the potential outbreak of peace and tranquility in Nigeria, Libya and Venezuela could change this outlook. by David Yager for Oilprice.com.

AC Transit Board greenlights a $108M, 9.5-mile infrastructure project for first Bus Rapid Transit line; diesel-hybrid buses

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That initial BRT was such a success, its model has been replicated in a number of nations including Nigeria, South Africa, China, India, Finland, Israel and now 35 US cities with more being planned. The Alameda-Contra Costa Transit District’s (AC Transit) Board of Directors voted to award a construction contract to O.C. Jones & Sons. The $108-million dollar contract includes construction of the infrastructure and station platforms for AC Transit’s first Bus Rapid Transit (BRT) line.

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

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The top four suppliers were Mexico, Venezuela, Saudi Arabia, and Nigeria. 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. Source: FEIS, Appendix V. Click to enlarge. The US Department of State (DOS) released the final version of the Environmental Impact Statement (FEIS) for the proposed Keystone XL oil pipeline project today.

Global billionaires unite in “Breakthrough energy coalition” to support development of zero-carbon energy

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Aliko Dangote, Founder and Chief Executive, Dangote Group, Nigeria. As the UN climate conference COP21 opened in Paris, Bill Gates announced the formation of the “ Breakthrough energy coalition ”, an investment grouping of global billionaires focused on developing the technologies that will create a new zero-carbon energy mix.

Volkswagen plans integrated mobility concept in Rwanda; vehicle production in Kenya

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The joint project implemented together with DT Dobie in Thika near to the Kenyan capital Nairobi is Volkswagen’s third production plant in Africa, together with one plant in South Africa and one in Nigeria. Volkswagen is taking a further step to develop market potentials in Africa. The Hon.

ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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The volume increase is supported by the ramp up of several projects completed in 2014 and the expected startup of seven major developments in 2015, including the Kearl expansion, Hadrian South in the Gulf of Mexico, Banyu Urip in Indonesia and deepwater expansion projects at Erha in Nigeria and Kizomba in Angola.

Petrobras Oil Production up 6.3 % in Brazil in 2009

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The increase resulted from production going on stream in the Akpo field and in new fields in the Agbami field, both in Nigeria. Petrobras’ average oil and natural gas production in Brazil in 2009 was 2,287,457 barrels of oil equivalent (boe), 5.1% more than a year ago (2,175,896 barrels/day). Oil production only topped-out at the daily average of 1,970,811 barrels, a 6.3% increase over 2008, when the average was 1,854,655 barrels per day.

Oil Prices Running Out Of Reasons To Rally

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But if those problems can be overcome, Nigeria has latent production capacity that could come back online at some point. by Nick Cunningham of Oilprice.com. Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production.

Saudis Expand Price War Downstream

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Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. by Gaurav Agnihotri for Oilprice.com. The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.

Opinion: The Current Oil Price Rally Is Reaching Its Limits

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Moreover, supply outages in places like Iraq and Nigeria have also knocked at least a quarter of a million barrels per day offline, an unexpected disruption that put upward pressure on prices in March. by Nick Cunningham of Oilprice.com. Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel.

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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A fourth volume examining energy security in Nigeria and other nations in the Gulf of Guinea is scheduled for later publication. Notable examples of nations where security shortfalls are significantly impeding investment and production are Nigeria; Iraq; Sudan; and, most recently, Libya. government concerns about human rights violations and corruption may impede partnership building in such countries as Nigeria, he noted.

POET Targets Water Use of 2.33 Gallons per Gallon of Ethanol in Five Years; 22% Reduction

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A portion of the funds will help GHM repair, construct and maintain 90 wells in Nigeria that will give more than 300,000 people access to pure water. POET plans to decrease water use in the production of ethanol by 22% over the next five years in the first goal of its sustainability initiative, Ingreenuity. If successful, it will cut the company’s water used per gallon of ethanol from an average of 3 gallons to 2.33, an annual water savings of one billion gallons.

ExxonMobil Reserves Replacement in 2008 Was 103% of Production

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Proved additions were also made in a diverse range of countries including the United States, Norway, Nigeria, Angola and Australia. Additions to ExxonMobil’s proved reserves in 2008 totaled 1.5 billion oil-equivalent barrels—the bulk of it from Canadian oil sands—replacing 103% of production. Excluding the impact of asset sales, reserves additions replaced 110% of production.

Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

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Overseas, the Group has oil and gas assets in Indonesia, Australia, Nigeria, Argentina, the US and some other countries. CNOOC Luxembourg S.a an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands producer OPTI Canada Inc for approximately US$2.1 billion, which includes aggregate cash consideration of US$1.25 billion payable to the holders of the OPTI shares (US$34 million) and the Second Lien Noteholders (US$1.216 billion).