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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. Natural gas prices declined to multi-year lows; however, the share of gas in primary energy continued to rise, reaching a record high of 24.7%. World oil production fell for the first time since 2009 by 6.6 The US (-2.3

2020 397
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EIA: Price ratio of crude oil to natural gas continues to increase

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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.

Oil 255
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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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million bbl/d in 2009-2010. Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. —US EIA. Source: EIA.

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Report: PetroChina to Boost Investment in Oil Gas in Indonesia by 30% This Year

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The Jakarta Post reported that Chinese oil and gas firm PetroChina will increase its investment in oil and gas exploration and development in Indonesia by 30% this year to boost oil lifting and counteract declining production.

Indonesia 210
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Marathon Announces First Oil from Deepwater Droshky Development in Gulf of Mexico

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Marathon Oil Corporation announced that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. At a final development cost of less than $900 million, the initial stage of development is expected to produce 35 million of the estimated 60 million barrels of oil equivalent (boe) net resource.

Mexico 307
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Access expanded to DOE database of oil and natural gas research results

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The results of nearly four decades of oil and natural gas research supported by the US Department of Energy (DOE) are now available through the Society of Petroleum Engineers (SPE) OnePetro online document repository. The KMD debuted at the SPE Annual Technical Conference and Exhibition in October 2009.

Oil 218
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Looking to get in a hybrid for cheap? Used Toyota Prius 1.5 HSD 2004-2009 Review

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Used Priuses, especially the Generation 2 that were made from 2004 to 2009 are becoming a bargain to buy, especially for the MPG and features you get in return. On the way there, I made a pit stop at a gas station to buy a bottle of champagne as a gift, hoping to start out a conversation with a stranger on the right foot.

2004 409