Green Car Congress
MARCH 2, 2012
Business Mir reports that the Russian government has decided to cut the export duty on ultra-heavy oil to a mere 10% of the standard rate for 10 years to stimulate production. The decision will mostly benefit Tatneft, LUKoil and Alliance Oil, according to the report. Natural bitumen is oil having a viscosity greater than 10,000 cP.
Green Car Congress
JUNE 18, 2022
According to EIA’s June 2022 Short-Term Energy Outlook (STEO), petroleum production in the combined non-OPEC countries, excluding the Unites States and Russia, will increase by 3% (0.9 Canada’s growth in crude oil and natural gas production during 2022 and 2023 is driven primarily by expanding oil sands and debottlenecking projects.
Green Car Congress
AUGUST 15, 2011
between 2008 and 2009 due to the global financial crisis, global oil consumption recovered by 3.1% About one third of this growth came from China, which now uses more than 10% of the world’s oil. The United States, Brazil, Russia, and the Middle East accounted for an additional 48% of the increase. After falling 1.5%
Green Car Congress
NOVEMBER 6, 2015
One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.
Green Car Congress
FEBRUARY 25, 2016
But these are just the costs of lifting oil out of the ground. State-owned oil companies often have many more responsibilities than just producing oil. It’s hard to measure costs when this oil has to pay for all the luxuries of the Saudi royal family. That’s just one opinion, but it’s a poignant one.
Green Car Congress
JANUARY 19, 2011
World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. Click to enlarge. Coal will increase by 1.2%
Green Car Congress
DECEMBER 10, 2014
The Outlook for Energy identifies a significant evolution in the trade of oil and other liquids. A major shift is seen as North America will likely become a net exporter of liquids by 2020 as supplies of tight oil, natural gas liquids and bitumen from oil sands increase. —Outlook.
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