Green Car Congress

NOVEMBER 14, 2014

With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream.

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Oil Prices Oil Price Chevron 268

Green Car Congress

APRIL 5, 2023

EIA projects that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support US production. It also assumes the Brent crude oil price reaches $101 per barrel (b) (in 2022 dollars) by 2050.

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International Oil Prices Production Oil 273

Green Car Congress

JANUARY 31, 2023

trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report. Prices heavily affect estimates of proved reserves.

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Gas Alaska Louisiana United States 457

Green Car Congress

JANUARY 23, 2019

The latest crash in oil prices once again raises this prospect. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells. The calculus on completing wells can cut two ways. production levels.

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Oil Oil Prices 2019 Price 236

Green Car Congress

SEPTEMBER 9, 2016

Apache Corporation has confirmed the discovery of a significant new resource play—the “Alpine High”—in the southern portion of the Delaware Basin, primarily in Reeves County, Texas. Apache also sees significant oil potential in the shallower Pennsylvanian, Bone Springs and Wolfcamp formations.

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Oil Texas Gas Delaware 150

Green Car Congress

DECEMBER 15, 2015

The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets. Bcf/d from 2005 to 2014.

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United Arab Emirates Oman Oil UAE 150

Green Car Congress

FEBRUARY 9, 2018

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Resource Base. Exxon Mobil Corporation added 2.7

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2017 Papua New Guinea Oil Guyana 186

Green Car Congress

MARCH 13, 2015

Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 by Thomas Miller for Oilprice.com. Bernard Weinstein, Ph.D.,

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Oil Prices Oil Price Dallas 150

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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Oil Prices Oil Price Carbon 268

Green Car Congress

MAY 22, 2020

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 This resumption of production may accelerate if WTI remains above $30 per barrel—a price that allows operators to cover their operating costs and that reflects improved storage availability. However, nearly 1.4

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Oil Canada Oil-Sands Production 186

Green Car Congress

APRIL 13, 2012

The ratio between the spot prices of crude oil and natural gas has been generally increasing since January 2009, but it has climbed rapidly in recent months, according to data from the US Energy Information Administration (EIA). The crude oil-to-natural gas spot price ratio has implications for production and consumption.

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Oil Gas Price Oil Prices 255

Green Car Congress

MARCH 5, 2015

Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Supply alone, however, doesn’t determine price.

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Oil Prices Oil Price Saudi Arabia 150

Green Car Congress

APRIL 24, 2015

Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels.

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Saudi Arabia Oil Prices Oil Price 150

Green Car Congress

JULY 27, 2022

Although the current 10-fold price spike of lithium is giving the electric vehicle market a sharp short-term shock, a study by a team from Tsinghua University indicates that it will not hinder transportation electrification in the long run. That made the cathode price increase by 140% for LiNi 0.8 —Sun et al.

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Price Supplies Nickel Lithium Sodium 199

Green Car Congress

JANUARY 18, 2017

Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 growth area for onshore oil production. ExxonMobil will make an upfront payment of $5.6

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Fort Worth Delaware Oil New Mexico 150

Green Car Congress

OCTOBER 2, 2019

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

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Oil Gas Oil Prices Water 199

Green Car Congress

FEBRUARY 3, 2017

The Oil War Is Only Just Getting Started. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity.

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Oil Saudi Arabia Oil Prices Low Cost 150

Green Car Congress

JULY 23, 2012

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. The price represents a premium of. billion cash. billion.

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Oil-Sands Oil Canada Gas 325

Green Car Congress

JANUARY 24, 2017

If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Baker III and Susan G.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

DECEMBER 20, 2021

Oy Kati Ab, a long-term drilling contractor of Keliber, a company developing a European lithium project ( earlier post ), has started to use Neste MY Non Road Diesel renewable fuel oil in the drill rig at Keliber’s exploration site in Central Ostrobothnia. The measure will reduce the emissions caused by drilling by more than 50%.

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Renewable Oil Carbon Fuel 170

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

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Oil Oil-Sands Price Production 261

Baua Electric

MARCH 8, 2024

Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs), three sources told Reuters. The kingdom has established its own EV brand Ceer, and built an EV metals plant. .

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Saudi Arabia Oil United Arab Emirates Auto 52

Green Car Congress

SEPTEMBER 13, 2017

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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Saudi Arabia Oil Production Climate 150

Setec Powerr

MAY 19, 2023

Unraveling the Complexities of EV Charging Pricing Policies As electric vehicles (EVs) become increasingly prevalent, the need for a comprehensive understanding of EV charging pricing policies is more important than ever. They can choose to price based on kilowatt-hour (kWh), time, or set a flat rate.

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Price Charging Gasoline-Electric Grid 98

Green Car Congress

APRIL 6, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Russia’s Oil Production 1970-2020 and Russia’s Deep-Hole Oil & Gas Exploration Drilling. In 2016, only 3.7

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Russia Oil 2016 Oil Prices 150

Green Car Congress

JANUARY 3, 2022

Meanwhile, wet waste feedstocks, such as animal manure and fats, oils, and greases (FOG), represent another important category of resources that could be utilized to produce MCCI bioblendstocks due to its abundant availability. Among their findings: The estimated minimum fuel selling prices were $1.22/gasoline Skaggs et al.

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Waste Diesel Renewable Convert 434

Green Car Congress

JUNE 27, 2018

A GlobalData analysis of recent wells for 26 operators in the Permian basin indicates a break-even oil price range from US$21 to US$48 per barrel with lateral lengths ranging from 4,500 ft to 10,500 ft. On 25 June, the price of a 42-gallon barrel of West Texas Intermediate Crude (WTI) was $68.08.

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Oil Chevron Texas New Mexico 236

Green Car Congress

JUNE 26, 2023

Saudi Arabia’s ambitions for an EV supply chain are part of the diversification of the national economy away from oil, a project guided by the government’s Vision 2030 reform plan announced in 2016. Spodumene prices are currently around $3,650 a tonne, according to Benchmark’s Lithium Price Assessment.

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Saudi Arabia Supplies Building Chevron 170

Green Car Congress

JUNE 1, 2016

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

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Oil Supplies Market Oil Prices 150

Green Car Congress

SEPTEMBER 27, 2014

Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. Visualization of bitumen resource (in green) at KKD.

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Oil-Sands Oil Canada 2011 225

Green Car Congress

DECEMBER 2, 2014

Biodiesel producers can thereby use cooking oil or other lower grade oils as biodiesel feedstock, reducing their raw material costs. Growing demand for vegetable oil in the food industry has resulted in increased prices, causing biodiesel producers to search for alternative—and more sustainable—feedstocks.

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Waste Oil Convert Commercial 225

Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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Oil 2016 Oil-Sands Global 150

Green Car Congress

MAY 3, 2020

They further estimated that roughly one-fifth of the savings can be attributed to gasoline price increases over the period and four-fifths to fuel economy and greenhouse gas (GHG) standards. gasoline demand would have put upward pressure on world oil prices. Their paper is published in the journal Energy Policy. 2020.111517.

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Fuel Economy Economy Light 2018 482

Green Car Congress

DECEMBER 17, 2010

The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. US crude oil production increases from 5.4 million barrels per day in 2035.

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Gas 2011 Price Energy 199

Green Car Congress

OCTOBER 15, 2012

has successfully extracted shale oil from the Onnagawa shale formation (at a depth of 1800m) of the Ayukawa Oil and Gas in Yurihonjo, Akita Prefecture. This marks Japan’s first successful extraction of shale oil in the country. kl was crude oil. Japan Petroleum Exploration Co. On 8 October, JAPEX recovered 100.6

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Japan Oil Gas 2012 207

Green Car Congress

JULY 25, 2012

an oil sands exploration and development company operating in the state of Utah, announced the successful operation of its oil sand recovery pilot facility. American Sands is developing its oil sands operation outside of Price, Utah, where it currently has rights to more than 2,000 acres of oil sand deposits.

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Oil-Sands Utah Oil Energy 306

Green Car Congress

APRIL 30, 2013

John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.

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Alternative Fuels Oil Transportation Fuel 295