The Reported Death of Peak Oil Has Been Greatly Exaggerated
World C+C using EIA data, but substituting the Russian Ministry of Energy Data for Russia shown in the chart below. The monthly peak was 81, 047 kb/d in Nov 2015. Continue Reading
Shell’s New Sensors Could Reduce Exploration Costs Dramatically
Offshore Oil Rig Searching for oil and gas is an activity with uncertain success—an activity with a bit less uncertainty were it not for 3D seismic surveying. And this uncertainty Continue Reading
Fossil Fuel Industry Risks Losing $33 Trillion to Climate Change
The fossil fuel industry risks losing $33 trillion in revenue over the next 25 years as global warming may drive companies to leave oil, natural gas and coal in the Continue Reading
VW Group strategy calls for >30 new BEVs by 2025 with annual EV sales of 2-3M units; mobility services
« Local Motors debuts first self-driving vehicle using IBM Watson Internet of Things for Automotive | Main Volkswagen Group CEO Matthias Müller presented the company’s new new strategic plan—TOGETHER – Continue Reading
Shell CEO Faces Long Haul in Bid to Pass Exxon as Top Oil Major
Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden spelled out his main goal last week — surpass Exxon Mobil Corp. to become the best-performing oil major. “I am Continue Reading
Canadian firefighters make progress against fire in oil sands region
Firefighters made progress against a wildfire in the Fort McMurray region of northern Alberta on Thursday as a shift in winds pushed it away from communities and oil sands facilities. Continue Reading
Long-term oil shortfall predicted by Wood Mackenzie
Global supply-side pressures could reverse within 20 years as low crude oil prices crimp spending on exploration and production, Wood Mackenzie finds. For the fifth week in a row, oil Continue Reading
Expected decrease in Lower 48 oil production is partially offset by rising GOM output
In response to continued low oil prices, onshore crude oil production in the Lower 48 states is expected to decline from an average of 7.41 million barrels per day (b/d) Continue Reading
How Earth itself has dramatically upped the stakes for the Paris climate accord
From crippling droughts to rising seas, scientists warn of global warming impacts. Representatives from more than 150 countries will gather at the United Nations on Friday to officially sign a Continue Reading
Brent signals traders to release oil stocks: Kemp
Crude oil storage helped commodity traders and refiners make strong profits last year and in the first quarter of 2016 but now the price structure which made it possible is Continue Reading