by Oil&Gas Journal Editors, September 14, 2017
World energy consumption is projected to rise to 736 quadrillion btu (quads) in 2040 from 575 quads in 2015, an increase of 28%, according to the latest International Energy Outlook 2017 (IEO2017) from the US Energy Information Administration.
Most of this growth is expected to come from countries that are not in the Organization for Economic Cooperation and Development and especially in countries where demand is driven by strong economic growth, particularly in Asia. Non-OECD Asia, which includes China and India, accounts for more than 60% of the world’s total increase in energy consumption from 2015 through 2040.
by Tarek Soliman et al., November 2019, in CDPinthe pipeline
- This report introduces CDP’s League Table for oil and gas companies, highlighting company performance across a range of portfolio, emissions and water-related metrics which indicate carbon risk preparedness and highlights earnings risks for oil and gas companies.
- Highest ranked companies are Statoil, Eni and Total.
- Lowest ranked companies are Suncor, ExxonMobil and Chevron.
by Nicolas Stiel, 21 août 2017, in Challenge
Total rachète le Danois Maersk Oil pour plus de 7 milliards de dollars, soit sa plus grosse acquisition depuis celle d’Elf Aquitaine en 2000. Grâce à elle, le pétrolier vise 3 millions de barils-jours en 2019.
See also OGJ
by Daniel J. Graeber, July 28, 2017
“With the decline of North Sea gas and our ever increasing reliance on gas imports, including shale gas imported from the United States, developing an indigenous source of natural gas is critical for U.K. energy security, our economy, jobs and the environment,” Cuadrilla CEO Francis Egan said in a statement. “We are proud as a Lancashire company to be at the forefront of that effort.
by David Middleton, August 4, 2017 in WUWT
An article just published in the Proceedings of the Royal Society B describes two remarkably different hydrothermal vent fields discovered in the southern Gulf of California. Despite being relatively close together, these vents host very different animal communities. This finding contradicts a common scientific assumption that neighboring vents will share similar animal communities. Instead, the new paper suggests that local geology and the chemistry of the vent fluids are important factors affecting vent communities
See aslo here
by Connaissance des Energies, 8 août 2016
Les 5 supermajors sont par ordre de chiffre d’affaires en 2015 :
Royal Dutch Shell (Pays-Bas) : 272,2 milliards de dollars et une production de 3,0 millions de barils équivalents pétrole par jour contre 421,1 G$ et 3,1 Mbeb/j en 2014);
ExxonMobil (États-Unis) : 268,9 G$ et 4,1 Mbeb/j (contre 411,9 G$ et 4,0 Mbeb/j en 2014) ;
BP (Royaume-Uni) : 226,0 G$ et 3,3 Mbep/j (contre 359,8 G$ et 3,2 Mbep/j en 2014);
Total (France): 165,4 G$ et 2,3 Mbep/j (contre 236,1 G$ et 2,15 Mbep/j en 2014) ;
Chevron (États-Unis): 138,5 G$ et 2,6 Mbep/j (contre 200,5 G$ et 2,6 Mbep/j en 2014).
by Steve Austin, July 26, 2017 in Oil-Price.Net
US wins, Middle East loses
While US scores with increased rig count and production, the oil industry in the Middle-East is festering with under investment. Said to be in trillions, the lack of investment could boomerang as supply deficit within a decade. Let’s not forget that oil exploration is a long term development in which a decade is but short. Why are the investors moving away?
by Irina Slav, July 16, 2017 in OilPrice
Weinberg advised OPEC to change tack and go back to what it set out to do initially: stifle U.S. shale by pumping at maximum. “They should let prices crash to kill shale and then aim for steady price increases in the long term,” Weinstein told Bloomberg. The question remains, however, whether OPEC, with oil-reliant budgets already strained, could afford this tactic reversal now that they’ve suffered price lows for an extended period of time.
by Andrew Follett, July 7, 2017
Saudi Arabia has lagged the U.S. in oil production for the last four years, according to federal data compiled by University of Michigan economist Mark Perry.
Perry created a chart Saturday showing just how far behind Saudi oil production has trailed U.S. production. Rising U.S. production combined with OPEC policies drove crude oil prices down to new lows. Monday, a barrel of oil costs $46.26, while the same barrel would have sold for $109.04 in June 2014.