Oil Prices and Reviews

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

JULY 12, 2021

bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. The oil price (Dated Brent) averaged $41.84/bbl

2020

2020 Oil Saudi Arabia Energy

Sasol bails on $13-$15B US GTL project, divests from Canadian shale; no new greenfield GTL

Green Car Congress

NOVEMBER 23, 2017

In January 2015 Sasol announced it was delaying a final investment decision on the proposed project near Lake Charles, Louisiana to conserve cash in response to lower oil prices. Sasol has also decided not to invest in any additional crude oil refining capacity.

Oil Prices

Oil Prices Louisiana South Africa Oil

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

Green Car Congress

JULY 30, 2019

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 second volume, the World Gas and Renewables Review , focused on natural gas and renewables sources (solar, wind and biofuels), will be published in autumn.

Saudi Arabia

Saudi Arabia Oil 2018 Global

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

JUNE 13, 2012

seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world.

Coal

Coal Oil Renewable Saudi Arabia

Samsung Heavy Industries and DNV GL sign partnership for new LNG carrier designs

Green Car Congress

JUNE 2, 2017

The scope of the JDP covers design review, safety analysis, market research, various structural and safety evaluations, and if successful will culminate in the award of an Approval in Principle (AiP) from DNV GL. The idea for a 30K LNGC originates from SHI’s own research.

Design

Design Industrial Industry Oil Prices

TransCanada terminates Energy East Pipeline and Eastern Mainline projects

Green Car Congress

OCTOBER 6, 2017

Transcanada began the application process in 2013, when oil prices were substantially higher. As a result of its decision not to proceed with the proposed projects, TransCanada is reviewing its approximate $1.3 The company has also faced unrelenting environmental opposition to the projects.

Energy

Energy Oil Prices Canada 2017

Shell to halt 80K bpd Carmon Creek oil sands project

Green Car Congress

OCTOBER 28, 2015

After careful review of the potential design options, updated costs, and the company’s capital priorities, Shell’s view is that the project does not rank in its portfolio at this time. This decision reflects current uncertainties, including the lack of infrastructure to move Canadian crude oil to global commodity markets.

Oil-Sands

Oil-Sands Oil Re-Charge Oil Prices

Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

Green Car Congress

SEPTEMBER 28, 2011

The US Department of Energy released its inaugural Quadrennial Technology Review report (DOE-QTR)—an assessment of the Department’s energy technology research and development portfolios. Report on the First Quadrennial Technology Review. The QTR frames 6 strategies to adress US energy challenges. Source: QTR. Click to enlarge.

Transportation

Transportation Fuel Economy Light Fuel

Survey finds LNG-fueled ship orders up 26% in six months

Green Car Congress

MAY 17, 2012

On 6-7 June, Zeus will host an LNG-Fueled Marine Advancements meeting to present the survey, review trends and tour a new LNG-turbine propulsion system by GE. High oil prices, impending emissions regulations and technical advancements are propelling the market faster than we expected. What surprised us is the rate.

South Korea

South Korea Fuel Mariner Singapore

IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

OCTOBER 12, 2012

Internationally traded crude volumes are expected to decline sharply, as rising domestic production reduces North America’s import needs and more Middle East oil is kept at home to satisfy growing regional demand rather than exported. Product trade may grow in both volume and scope, however.

Oil

Oil Oil-Sands Global Oil Prices

bp to exit its 19.75% shareholding in Rosneft

Green Car Congress

FEBRUARY 28, 2022

As a result of the accounting changes, and excluding Rosneft from base year and future periods, bp now expects: to continue, as before, to deliver a 7-9% EBIDA per share CAGR between 2H19/1H20 through 2025 at oil prices of $50-60 per barrel (2020 real) based on bp’s planning assumptions; and. billion at year-end 2021.

Russia

Russia Ukraine 2013 Financing

The Real Reason for USA based Economic Recessions.

DIY Electric Car

NOVEMBER 28, 2010

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. This increase in oil prices again pushed the economy into a recession.

USA

USA Oil Prices Oil 2001

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

FEBRUARY 23, 2017

This review consisted of a closer look at the refined products markets in China, and also a sectoral analysis of energy use. MTG units involve high capital costs and are only cost-competitive when oil prices are high. EIA recently completed a re-assessment of energy use in China.

2000

2000 2016 Fuel China

Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

Green Car Congress

JANUARY 16, 2012

A comprehensive review of Oil and Gas M&A Activity in 2011 will be completed in the next several weeks. Additionally, PLS and Derrick expect the trend of independents such as Samson, Petrohawk and Brigham selling to larger companies to continue especially in light of current North American gas prices and world oil prices.

El Paso

El Paso 2011 Oil Gas

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

MARCH 2, 2013

The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska. DOS is currently reviewing an application submitted by TransCanada in May 2012.

Climate Change

Climate Change Oil-Sands Nebraska Climate

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

Green Car Congress

JANUARY 19, 2011

The BP Energy Outlook 2030 is the first of BP’s forward-looking analyses to be published, after 60 years of producing definitive historical data in the BP Statistical Review of World Energy. Global consumption growth is also impacted by higher oil prices in recent years and a gradual reduction of subsidies in oil-importing countries.

Energy

Energy Economy Global Oil-Sands

GAO Report Concludes Industry and Government Face Significant Challenges in Meeting RFS Target While Minimizing Unintended Adverse Effects; Suggests Federal Research Give Priority to Non-Ethanol Biofuels

Green Car Congress

OCTOBER 5, 2009

GAO reviewed scientific studies, interviewed experts and agency officials, and visited five DOE and USDA laboratories. Unless crude oil prices rise significantly, GAO found, the VEETC is not expected to stimulate ethanol consumption beyond the level the RFS. specifies this year. per year for conventional ethanol.

Tax Credit

Tax Credit Industrial Industry Tax

Syngas Engages Rentech and GE for Clinton Coal and Biomass to Liquids Project in Australia

Green Car Congress

NOVEMBER 25, 2009

Projected output of the Clinton Project is a maximum 13,000 barrels of diesel per day (15,800 barrels of oil equivalent per day or 5.3 Syngas projects about a 10% ROI at US$60/barrel of crude, which higher returns at higher oil prices.

Coal

Coal Australia Diesel Oil Prices

Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

Green Car Congress

MARCH 19, 2012

Element Energy used a component-based cost model to estimate the current and future costs of conventional and novel powertrains based on peer-reviewed data—e.g., Using government oil price projections, pure electric vans will still have a 10% cost of ownership premium over diesel in 2030.

Emissions

Emissions Manufacturer Market Price

Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

Green Car Congress

AUGUST 15, 2010

About 60-80% of full life cycle emissions result from driving/operating a vehicle; if only the extraction emissions (WTT) are examined, oil sands will deliver a relatively high value. A growing supply of unconventional transportation fuels would tend to moderate oil prices and would drive up emissions on a life cycle basis.

Oil-Sands

Oil-Sands Oil Emissions Coal

CAR releases study on use of bio-based materials in automotive sector; potential for the Great Lakes Region

Green Car Congress

MARCH 30, 2012

Encouraging bio-manufacturing and its associated value chain development, and building upon its current expertise in producing conventional parts for automakers, may position the Great Lakes region at a global competitive advantage as oil prices climb, and the demand for more bio-based parts increases.

Polymer

Polymer Cars Automobile Standards

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

Green Car Congress

JANUARY 15, 2014

No EDV deployment occurs with high battery costs, low oil prices, and no CO 2 policy. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase.

Emissions

Emissions Oil Prices Vehicles Oil

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

FEBRUARY 15, 2012

The report also provides a quantitative and qualitative review of the business risks and opportunities facing 11 key sectors of the economy: Airlines; Automobiles; Beverages; Chemicals; Electricity; Food Producers; Industrial Metals & Mining; Mining; Marine Transportation; Oil & Gas; and Telecommunications & Internet.

Climate Change

Climate Change Water Climate Global

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

NOVEMBER 12, 2012

The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. Despite the growth in low-carbon sources of energy, fossil fuels remain dominant in the global energy mix, supported. — WEO-2012.

Global

Global 2012 Energy Oil

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Green Car Congress

JANUARY 18, 2010

Secondly, by directly estimating take-up it is possible to consider the impact of various potential sensitivities around prices (electricity price, fuel price, vehicle price) and how these affect take-up.

Australia

Australia Market Plug-in Plug

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

OCTOBER 4, 2011

The resulting consensus reports undergo external peer review before completion. In the absence of major technological innovations or policy changes, the United States is unlikely to meet cellulosic biofuel mandates under the current Renewable Fuel Standard (RFS2) by 2022, according to a new report from the National Research Council.

Renewable

Renewable Tax Credit Conversion Standards

Obama tightens US biofuel regulations

Green Cars News

MAY 7, 2009

As we work towards energy independence, using more homegrown biofuels reduces our vulnerability to oil price spikes that everyone feels at the pump,” EPA Administrator Lisa P. EPA also will conduct peer-reviews on the lifecycle analysis of the four renewable fuel categories. Jackson said.

Obama

Obama Renewable EPA 2007

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

FEBRUARY 1, 2014

Over the long term, lower-than-expected oil prices could affect the outlook for oil sands production, and in certain scenarios higher transportation costs resulting from pipeline constraints could exacerbate the impacts of low prices. As such, the Presidential Permit was denied. It responds to over 1.9

Oil-Sands

Oil-Sands Nebraska Oil Montana

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Green Car Congress

JANUARY 23, 2011

Following that announcement, G-20 Leaders agreed to national plans to implement subsidy reform (June 2010) and have asked international organizations to review and assess members’ progress against their commitments (November 2010), according to the conference report. Recent international political developments.

Fuel

Fuel Global 2008 International

Life Cycle Analysis of Evogene Castor Bean-based Biodiesel Shows 90% Emissions Reduction Compared to Petroleum

Green Car Congress

APRIL 15, 2010

The LCA was conducted by Symbiotic Engineering, a company specializing in GHG and sustainability management and providing tools to evaluate “green” projects and products, and was peer-reviewed by Dr. Arunprakash Karunanithi from the University of Colorado, Denver.

Brazil

Brazil Emissions Denver

September '06 - Tesla Roadster Unveiled, Electric Cars NOT DEAD YET!

Plugs and Cars

NOVEMBER 28, 2006

Tesla Unveiled Riding this wave of publicity, with movie reviews across the nation asking the question “Who Killed the Electric Car?,” Oil prices peaked once again at over $75 a barrel. The result has been not only greater visibility for our cause but also increased membership for both the EAA and Plug In America.

Electric Cars

Electric Cars San Francisco Tesla Cars

RAND study concludes use of alternative fuels by US military would convey no direct military benefit; recommends energy efficiency instead

Green Car Congress

JANUARY 25, 2011

To analyze the efforts in the area of alternative fuels, the RAND team reviewed available documentation and technical reports; contacted key firms; and conducted in-depth interviews with representatives of DARPA, DLA Energy, and relevant organizations in each of the services.

Alternative Fuels

Alternative Fuels Fuel Energy Coal

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

JULY 19, 2012

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices.

Carbon

Carbon Oil-Sands Standards Design

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Blog Archive ▼ 2009 (52) ▼ April (6) Waxman-Markey and REDD BlogRoll Review: Space Beams, Leaded Batteries, an. Review of Forestry Carbon Standards 2008 Ford Partners to Commercialize Electric Vehicles A New "Green" Deal.Direction for the economic re. The World's First Clean Motocross Race On Electric.

Grid

Grid Electric Vehicles Vehicles Oil-Sands

Opinion: Political Climate Shifting Against The Oil And Gas Industry

Green Car Congress

NOVEMBER 10, 2015

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important.

Oil

Oil Climate Gas Industrial

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

JANUARY 4, 2021

In this article, we will review the facts and explain our thoughts on where we believe EVs are headed. Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel.

Economy

Economy Electric Vehicles Vehicles Electric

EV Driven

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Sasol bails on $13-$15B US GTL project, divests from Canadian shale; no new greenfield GTL

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

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Samsung Heavy Industries and DNV GL sign partnership for new LNG carrier designs

TransCanada terminates Energy East Pipeline and Eastern Mainline projects

Shell to halt 80K bpd Carmon Creek oil sands project

Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

Survey finds LNG-fueled ship orders up 26% in six months

IEA: global map of oil refining and trade to be redrawn over next 5 years

bp to exit its 19.75% shareholding in Rosneft

The Real Reason for USA based Economic Recessions.

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

GAO Report Concludes Industry and Government Face Significant Challenges in Meeting RFS Target While Minimizing Unintended Adverse Effects; Suggests Federal Research Give Priority to Non-Ethanol Biofuels

Syngas Engages Rentech and GE for Clinton Coal and Biomass to Liquids Project in Australia

Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

CAR releases study on use of bio-based materials in automotive sector; potential for the Great Lakes Region

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Obama tightens US biofuel regulations

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Life Cycle Analysis of Evogene Castor Bean-based Biodiesel Shows 90% Emissions Reduction Compared to Petroleum

September '06 - Tesla Roadster Unveiled, Electric Cars NOT DEAD YET!

RAND study concludes use of alternative fuels by US military would convey no direct military benefit; recommends energy efficiency instead

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Cleantech Blog: Smart Grids and Electric Vehicles

Opinion: Political Climate Shifting Against The Oil And Gas Industry

Can Electric Vehicles Speed Up As The Economy Slows Down?

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