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.
by University of Alberta, June 26, 2017 in ScienceDaily
For the past two years, U. Alberta geophysicist Mirko Van der Baan and his team have been poring over 30 to 50 years of earthquake rates from six of the top hydrocarbon-producing states in the United States and the top three provinces by output in Canada: North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, West Virginia, Alberta, British Columbia, and Saskatchewan.
With only one exception, the scientists found no province- or state-wide correlation between increased hydrocarbon production and seismicity. They also discovered that human-induced seismicity is less likely in areas that have fewer natural earthquakes.
by AFP/UKnews, June 21, 2017
Norway on Wednesday proposed to open up a record number of blocks in the Barents Sea to oil exploration despite protests from environmentalists and others fearing possible damage to the Arctic region.
The Norwegian oil and energy ministry offered oil companies 93 blocks in the Barents Sea and nine others in the Norwegian Sea, all located beyond the Arctic Circle.
by U.S. Energy Information Administration, June 2017
Petroleum, natural gas, coal, renewable energy, and nuclear electric power are primary energy sources. Electricity is a secondary energy source that is generated from primary energy sources.
by John Kemp, June 14, 2017, in Reuters
The speed and scale at which U.S. shale production has bounced back from the slump in 2015/16 has confounded OPEC and all the other major forecasters.
The oil market is on an unsustainable course with output from U.S. shale and other non-OPEC sources 010increasing rapidly, while OPEC and its allies trim production to reduce inventories and prop up prices.
The International Energy Agency (IEA) projects non-OPEC output will increase by 1.5 million barrels per day (bpd) in 2018 (“Oil Market Report”, IEA, June 2017).
If that proves correct, non-OPEC suppliers will capture all the increase in demand next year, because the IEA predicts consumption will increase by only 1.4 million bpd.
by Connaissances des Energies, 25 février 2015
Dès 1742, dans la région de Pechelbronn en Alsace, des tarières (outils permettant de percer le sol) étaient destinées à localiser les filons de sable bitumineux. L’huile était séparée du sable par lessivage à l’eau bouillante, puis distillée pour obtenir des produits pharmaceutiques, de l’huile pour lampe, de la graisse et de la poix.
C’est en 1778 que Peter Pond a localisé les premières sources de bitume dans la région d’Athabasca, mais c’est Robert Fitzsimmons, un entrepreneur, qui est le premier à avoir séparé le bitume du sable et qui l’a utilisé pour recouvrir les routes et les toitures. Si les Amérindiens ont depuis des siècles utilisé ce bitume pour calfater des embarcations, les sables bitumineux n’ont vraiment attiré l’attention de l’industrie pétrolière qu’après les chocs pétroliers.
by Connaissance des Energies, 8 juin 2017
Les États-Unis sont restés les premiers producteurs mondiaux de gaz naturel et d’hydrocarbures liquides en 2016 selon un article publié hier par l’EIA américaine. État des lieux.
La reprise de la hausse de production américaine d’hydrocarbures liquides est, selon IFP Énergies nouvelles, due pour moitié au pétrole de schiste mais aussi à une augmentation de la production des liquides de gaz naturel et de celle de pétrole issu de gisements offshore (fruit des investissements décidés entre 2010 et 2014 lorsque les cours du pétrole étaient au plus haut).
by Steve Austin, June 6, 2017
Some wars are fought on the sidelines. They too are full of ideas, intrigue and bravado. Some backfire thoroughly. The Saudis took a brunt of it in their war with shale.
In the US, after the peak oil production of early seventies, the oil industry went into a limbo. It even looked like the US would be an importer of oil forever. Yet, thing did change.