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 Kevin Orland, August 24, 2017 in BloombergNews
Canada’s tar sands, which contain the planet’s third-largest oil reserves, were a prized possession for global energy companies when crude was trading above $100 a barrel. But since prices fell to $50 in 2015, where they have lingered, Royal Dutch Shell, ConocoPhillips, and Marathon Oil have unloaded their holdings amid concerns that these capital-intensive projects would struggle to turn a profit.
(…) In recent earnings announcements, Suncor and rival Cenovus Energy Inc. said they can now sustain production with oil at $40 a barrel without jeopardizing the dividend they pay shareholders.
by Nathaniel Bullard, September 1, 2017 in BloombergView
Since 2005, the U.S. has added more than 120,000 gas wells, mainly in Texas, Pennsylvania, Oklahoma and Colorado. In 2015, there were 555,000 in total.
Those onshore wells have not just made up for declining offshore production, they have handily exceeded it. Offshore gas is now only 4 percent of total U.S. withdrawals. Texas, Pennsylvania, Oklahoma and Colorado are 53 percent of all production.
by Roger Andrews, August 23, 2017 in Energy Matters (blog)
Between 2007 and 2015 total annual US CO2 emissions decreased by 740 million tons (12%). An updated analysis shows that 35% of this decrease was caused by natural gas replacing coal in electricity generation, 30% by lower fuel consumption in the transportation sector, 28% by renewables replacing
by Robin Mills, August 20, 207 UAE Ed The National
The Middle Eastern countries that are looking at coal are trying to diversify their fuel mix, and to reduce vulnerability to economic or supply shocks. Gas is cheap at the moment but its price is volatile, and states such as Dubai, Egypt and Turkey do not want to be too import-dependent. For Dubai, which attracted a very competitive bid from Acwa and Harbin, coal is a key part of strengthening its negotiating position with other suppliers. Iran and Turkey are trying to maximise the use of their domestic coal, and for Turkey, reliance on rivals Iran and Russia for two-thirds of its gas is dangerous.
Despite gas prices being low at the moment, coal is cheaper still — at least once the required import facilities are constructed. Chinese power and engineering companies, looking for other markets, are offering their expertise and low-cost financing.
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 Robert Rapier, August 15, 2017 in Forbes
That’s the peak oil argument in a nutshell, but the peak demand argument is entirely different. In this case, oil production falls — not because of geological factors — but because the world turns its back on oil as cleaner, cheaper options become available. Electric vehicles and ride-sharing on a massive scale are envisioned as two of the key factors that will make oil obsolete.
by David Blackmon, August 17, 2017 in Forbes
“We should view the Permian Basin as a permanent resource,” he says, “The Permian is best viewed as a near infinite resource – we will never produce the last drop of economic oil from the Basin.”
No one disputes that the resource in the Permian is huge, but ‘infinite’ is a big word. I asked him to expand on that concept.
See also here
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.
par Samuel Furfari, 8 août 2017
Le Venezuela se trouve à la croisée des chemins. Se dirige-t-il vers le modernisme ou va-t-il poursuivre sa révolution bolivarienne vers le socialisme qui l’a conduit à la débâcle à laquelle nous assistons aujourd’hui ?
Le pays possède tout ce qu’il faut pour connaitre la prospérité et la paix. Ses abondantes ressources d’hydrocarbures auraient pu en faire la Norvège de l’Amérique latine
by Donn Dears, August 2017
As noted in my article four years ago, Japan has a program for producing natural gas from methane hydrates located near its coast, and predicts it will be successful by 2019.
Most people believe that Japan’s objective is highly optimistic, but it does shed light on the efforts currently underway to develop the technology for extracting natural gas from methane hydrates.
by Connaissance des Energies, 8 août 2016
Les 5 supermajors sont par ordre de chiffre d’affaires en 2015 :
by WUWT, July 25, 2017
U.S. evolves into coal, gas and oil global energy giant supplying world’s hungry energy markets
David Middleton’s excellent WUWT article addressing the resurgence of the American coal industry as well as the growing role of U.S. natural gas production in creating global gas export markets hits the nail on the head in demonstrating how dominant the U.S. has become in producing and supplying global energy markets at home and abroad with growing demands for fossil fuels.
The IEA agency clearly recognizes the U.S. as the global driver of a huge transformation of the world’s natural gas energy markets.
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.
by A. Williams et al., July 13, 2017 in Bloomberg
On Wednesday, Premier Oil Plc, Sierra Oil & Gas and Talos Energy LLC announced the first Mexican discovery by explorers other than state-owned Pemex in 80 years, a reservoir with an estimated 1.4 billion to 2 billion barrels
by International Energy Agency (iea), July 11, 2017
Global energy investment fell by 12% in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending, according to the International Energy Agency’s annual World Energy Investment report.
Global energy investment amounted to USD 1.7 trillion in 2016, or 2.2% of global GDP. For the first time, spending on the electricity sector around the world exceeded the combined spending on oil, gas and coal supply. The share of clean-energy spending reached 43% of total supply investment, a record high.
by Connaissances des Energies, 17 février 2015
Les cinq pays disposant des plus importantes réserves de gaz au monde sont :
l’Iran : 33 800 milliards de m3 de réserves prouvées à fin 2013 (soit 18,2% des réserves mondiales) ;
la Russie : 31 300 milliards de m3 de réserves prouvées (16,8%) ;
le Qatar : 24 700 milliards de m3 de réserves prouvées (13,3%) ;
le Turkménistan : 17 500 milliards de m3 de réserves prouvées (9,4%) ;
les États-Unis : 9 300 milliards de m3 de réserves prouvées (5%).
by David Middleton, July 10, 2017 in WUWT
Hubbert’s fame in peak oil circles comes primarily from the assertion that he accurately predicted the 1970 U.S. peak. Because of this prediction, Hubbert is widely-regarded among peak oil adherents as a visionary. He has been called an oracle and a prophet. A recently published article — What Hubbert And Pickens Got Right About Oil, And What’s Next — recounts the uncanny accuracy of his prediction.
Source: Nuclear Energy and the Fossil Fuels by M. King Hubbert
by Bloomberg News, July 4, 2017
China has promised to make its skies blue again, but having some of the world’s most-expensive natural gas isn’t helping.
by Haley Zaremba, July 6, 2017 in OilPrice from AAPG
But now, just as shale gas prices are finally rebounding from last year’s all-time-lows, the United States’ two biggest shale gas deposits are producing record amounts of fuel, threatening to push gas prices back down. As the Appalachian Marcellus shale basin and the Texas-based Permian basin rush to conquer a market share, the U.S. gas glut shows no signs of stopping.
by The Oxford Institute for Energy Studies, July 2017
Very comprehensive file, 39 pages .pdf
Methane emissions influence but do not undermine the environmental case for gas. If the industry can build on the progress to date and deliver a clearer picture on the level of emissions and actions to address them, the arguments for gas displacing coal in power generation and oil products in transport become much stronger.
by JoNova, July 2017
“End-Coal” Global Coal Tracker does a magnificent job of showing how essential coal is around the world, and which countries are pathetically backwards in developing new coal plants. It’s probably not what the “CoalSwarm” team was hoping to achieve, but this map is a real asset to those of us who want to show how tiny Australia’s coal fired assets are compared to the rest of the world
by Andrew Follett, June 28 in ClimateChangeDipatch
The study found that dispersants broke up the oil into tiny droplets, making them less buoyant and unable to float to the surface. This meant that the oil formed a layer deep below the surface of the water, making it easier for microbes that live in the deep ocean to eat it. However, scientists weren’t able to measure the exact amount of oil eliminated by the microbes.
Due largely to these oil-eating bacteria, the Gulf of Mexico recovered from the Deepwater Horizon oil spill faster than scientists thought possible and has returned to pre-spill levels of environmental health.