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World energy consumption by fuel type, 2010-2040. The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. Source: IEO2013.
Average values for WTW GHG emissions for oil sands and other crudes, tight boundary. When the oil sands products refined in the United States are considered—a mixture of oil sands and lower-carbon blending components—the GHG emissions are, on average, 9% higher than the average crude processed in the US.
Mha (20%) of the peatlands of Peninsular Malaysia, Sumatra and Borneo in 2010, surpassing the area of Belgium and causing an annual carbon emission from peat decomposition of 230–310 Mt CO 2 e. Slightly more than half of the GHG emissions for these biofuels in the EPA’s analysis came from land use change. Earlier post.). —Dr.
Petrobras’ oil and natural gas output in Brazil was 2,407,366 barrels of oil equivalent per day (boed) in June, 4% more than the 2,315,117 barrels produced a year earlier and a 2% increase over May 2011. Domestic natural gas production was 57.317 million cubic meters per day in June. over June 2010. This was 6.9%
In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020, according to the US Energy Information Administration (EIA). million b/d. million b/d.
Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. The world is nearing a paradigm shift in oil demand. Lindemer LLC.
United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.
John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.
Researchers in Viet Nam and Belgium have developed a catalytic cracking process to convert vegetable oil sludge to renewable hydrocarbon fractions. Vegetable oil sludge is a major byproduct of vegetable oil factories, and consists of triglycerides (61%), free fatty acid (37%) and impurities (2%). —Nam et al.
UK Energy Minister Charles Hendry set out his hopes for a “prosperous 2012” in the oil and gas sector, as he awarded 46 new licences to explore for oil and gas in the North Sea. These awards represented the second tranche of licenses from the 26 th Seaward Licensing Round , which closed on 28 April 2010.
NOAA’s updated Annual Greenhouse Gas Index (AGGI), which measures the direct climate influence of many greenhouse gases such as carbon dioxide and methane, shows a continued steady upward trend. in 2010—i.e., Started in 2004, the AGGI reached 1.29 This is slightly higher than the 2009 AGGI, which was 1.27—i.e., —i.e.,
Increasing crude processing intensity and energy intensity with worsening oil quality. OQ: Crude feed oil quality. Switching to heavy crude oil and synthetic crude oil derived from oil sands bitumen in refineries could double or triple refinery emissions and add 1.6-3.7 PI: Crude processing intensity.
Concept of the subsea oil recovery system. BP is working to deploy a subsea oil recovery system over the largest leak source in the Transocean Deepwater Horizon Rig that it hopes will capture up to 85% of the oil rising from the sea floor following the sinking of Deepwater Horizon on 22 April. Produced May 3, 2010.
Shell Oil Company is now producing oil from what it says is the world’s deepest subsea well at its Perdido Development. From Perdido, Shell accesses the Great White, Tobago, and Silvertip oil and gas fields through subsea wells directly below the facility and from wells up to seven miles away. Earlier post.)
Exxon Mobil Corporation’s new The Outlook for Energy: A View to 2040 , released last week, projects that global energy demand in 2040 will be about 30% higher than it was in 2010 as population grows to 9 billion and global GDP doubles. By 2040, heavy duty fuel demand will be up about 60 percent versus 2010. L/100 km) by 2040.
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. million bbl/d was crude oil.
A chemical analysis indicates that the source of oil sheens recently found floating at the ocean’s surface near the site of the Gulf of Mexico Deepwater Horizon oil spill is pockets of oil trapped within the wreckage of the sunken rig. The results are published this week in the journal Environmental Science & Technology.
MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. The IEA takes a more conventional approach, assessing the impact on the penetration of vehicles burning gas as their fuel. Earlier post.)
By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. In 2010, about 75% of the world’s vehicles were in OECD countries. liters per 100 km) in 2010. China will see the largest increase—more than 4 million oil-equivalent barrels per day.
Clathrate hydrate formation and subsequent plugging of deep-sea oil and gas pipelines represent a significant bottleneck for deep-sea oil and gas operations. — Methane hydrates can freeze upon contact with cold water in the deep ocean, are a chronic problem for deep-sea oil and gas wells.
to build a small-scale gas-to-liquid demonstration facility in Houston. The purpose of the GTL Pilot Plant is to commercially demonstrate converting stranded natural gas resources to synthetic crude oil. BFLS originally intended to develop biofuel-fired power projects. The company is switching its focus to GTL.
Secretary of the Interior Ken Salazar announced that the Central Gulf of Mexico oil and gas lease sale attracted $1,704,500,995 in high bids for tracts on the US outer continental shelf offshore Louisiana, Mississippi and Alabama. billion barrels of oil and 3.3 trillion cubic feet of natural gas.
Neste Oil has successfully started up Europe’s largest renewable diesel plant in Rotterdam in the Netherlands. The Rotterdam plant has a capacity of 800,000 t/a and will increase Neste Oil’s total renewable diesel capacity to 2 million t/a. The plant was completed on-schedule and on-budget.
The California Air Resources Board (ARB) is holding a public workshop on 12 July 2012 to discuss the lifecycle assessment of crude oil production within the Low Carbon Fuel Standard (LCFS) regulation. Draft Version A of the Oil Production Greenhouse Gas Emissions Estimator (OPGEE), supporting documentation for the model (by Hassan M.
Neste Oil plans to use yeast and fungi to convert waste into oil for NExBTL feedstock. Neste Oil has completed the first phase of its project to build a pilot plant for producing microbial oil for use as a feedstock for NExBTL renewable diesel. 8 million (US$10 million) by Neste Oil. Click to enlarge. Earlier post.)
North Dakota crude oil production (including lease condensate) averaged an all-time high of 770,000 barrels per day in December 2012, according to the US Energy Information Administration (EIA). Much of crude oil production in North Dakota is gathered and transported by truck to railcars leaving the state. Source: EIA.
The US and Mexico have signed an agreement on the exploration and development of oil and natural gas reservoirs along the United States’ and Mexico’s maritime boundary in the Gulf of Mexico. As a result of this Transboundary Agreement—which Presidents Obama and Calderon had committed in 2010 to reaching—nearly 1.5
The US Environmental Protection Agency (EPA) released its third year of greenhouse gas data detailing greenhouse gas emissions and trends broken down by industrial sector, greenhouse gas, geographic region, and individual facility. Fossil-fuel fired power plants remain the largest source of US greenhouse gas emissions.
EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. Net petroleum imports as a share of total US liquid fuels consumed drop from 49% in 2010 to 38% in 2020 and 36% in 2035 in AEO2012. million barrels per day in 2010.
Petrobras’ oil production in Brazil reached an average of 2,126,000 barrels per day (bpd) in October, corresponding to 0.4% This flow represents a historical new record, surpassing the previous record 4,800 bpd, reached in December 2010. October was the company’s ninth consecutive month of oil production growth in the country.
A new study on greenhouse gas (GHG) emissions associated with the conversion and degradation of peatland in palm oil plantations in Southeast Asia has determined that past studies have generally significantly underestimated emissions associated with palm oil grown on peatland. Southeast Asia.
Natural gas production in North Dakota has more than doubled since 2005, largely due to associated natural gas from the growing oil production in the Bakken shale formation. Gas production averaged more than 485 million cubic feet per day (MMcfd) in September 2011, compared to the 2005 average of about 160 MMcfd.
Each year, 80 million tonnes of oil are shipped off Canada’s East and West Coasts. Oil tankers have been moving along Canada’s West Coast since the 1930s. In 2009-2010, there were about 1,500 tanker movements on the West Coast, among 475,000 vessel movements in the area. million tonnes of oil was shipped out of Vancouver.
Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel. —John Kunasek.
The UK government’s Department of Energy and Climate Change (DECC) approved the field development plan put forward by Statoil and its co-venturers for the Mariner heavy oil field. The average production is estimated at around 55,000 barrels of oil per day over the plateau period from 2017 to 2020. Location of the Mariner field.
Energy-related carbon-dioxide (CO2) emissions in 2010 were the highest in history, according to the latest estimates by the International Energy Agency (IEA). In terms of fuels, 44% of the estimated CO 2 emissions in 2010 came from coal, 36% from oil, and 20% from natural gas. tonnes for China, and 1.5 tonnes in India.
Maersk Oil and other partners declared the Azul-1 deepwater exploration well, located in Block 23 in the Kwanza Basin, a discovery well. The condition of the well prevented an assessment of flow capacity by a conventional test; this was performed as a mini-Drill Stem Test that enabled the recovery of two good quality oil samples.
UK Energy Minister, Charles Hendry MP, unveiled a well-capping device developed by the Oil Spill Prevention and Response Advisory Group (OSPRAG) at the SPE Offshore Europe 2011 conference in Aberdeen. The OSPRAG well-capping device. Click to enlarge. Capping device key facts.
A study by a team at the University Putra Malaysia concluded that the gasification of empty fruit bunch (EFB), a waste of the palm oil industry, could, if scaled up, produce hydrogen at a supply cost of $2.11/kg vol.%), and higher LHV of gas product (15.26 The US Department of Energy (DOE) 2015 cost target for hydrogen is $2.00-$3.00/kg
Researchers participating in the National Energy Technology Laboratory (NETL) Regional University Alliance (RUA) are using a medical computed tomography (CT) scanner to evaluate improvements to enhanced oil recovery (EOR) techniques. NETL is the research laboratory for the Department of Energy’s Office of Fossil Energy.
In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. 2010, to above 140 $/bbl in constant 2010 dollars).
Imperial Oil Limited has begun the initial development of the Kearl oil sands project ( earlier post ), which incorporates technology innovations to enhance environmental performance. Kearl will be the first oil sands mining operation that does not require an upgrader to make a saleable crude oil.
Petrobras has confirmed the presence of oil and gas accumulations in the ultra-deep waters of the Sergipe-Alagoas basin, after completing a lined well formation test in the BM-SEAL-11 concession in Block SEAL-M-426. Information obtained to date is sufficient to confirm the discovery of a new oil province in the Sergipe-Alagoas basin.
Omnitek Engineering Corporation has been selected by India-based Tata Motors to supply original equipment high-pressure natural gas filters for 2012 passenger vehicles, expanding a supplier agreement for commercial vehicle filter applications that commenced in 2009. —Werner Funk, president and CEO.
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