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Two professors from MIT and UC Davis have released a paper challenging the recent claims by the Renewable Fuel Association (RFA) and US Secretary of Agriculture Vilsack that ethanol production decreased gasoline prices by $0.89 in 2010 and 2011, respectively. To further underscore this point, we provide a silly example.
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.
UK-based market analyst visiongain projects that global spending in 2011 on advanced oil & gas exploration technologies will total $10.17 visiongain’s Advanced Oil & Gas Exploration Technologies Market 2011-2021 report analyses the development of this market over the next ten years.
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.
gigatonnes (Gt) in 2011, according to preliminary estimates from the International Energy Agency (IEA). Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). Gt above 2011 levels. Gt above 2011 levels. In 2011, a 6.1% Gt on 2010, or 3.2%.
At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%. savings stimulated by high oilprices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. combined, where emissions increased by 9% and 6% respectively in 2011.
Shale gas offsets declines in other US supply to meet. The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Source: EIA.
Investment into emerging oil and gas E&P (exploration and production) technologies, which were nearly non-existent in 2003, at just $57 million, have attracted nearly $7 billion in private investment from 497 unique transactions, according to a new report from Lux Research, “ Investing in Next Generation Oil and Gas Technologies ”.
In a newly released report, market analyst Visiongain has calculated the Arctic oil and gas exploration and production market to be worth $11.93 billion in 2011, and is anticipating growth over the next ten years.
Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. GlobalData predicts Asia-Pacific to follow very closely with a capex of $253.1
in 2011, close to the historical average. Oil remains the world’s leading fuel, but its 33.1% in 2011, broadly in line with the historical average but well below the 5.1% Brent oilprices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl, Source: BP.
Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 If OPEC holds at its 2011 agreed 30.37
energy sector will spur a flurry of M&A and investment activity in 2011 as renewable energy. Sustainable Industries Predictions for 2011 include: Cap and Trade Discarded by Congress in National Energy Policy. Cascadia believes that Congress will implement a policy in the coming year that focuses primarily on gas, nuclear and.
Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. With prices expected to increase in the long term, however, the world oilprice in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013.
OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past.
The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oilprices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65
Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).
Among its many findings, the Reference case suggests that US primary energy consumption will grow by 7% from 2011 to 2040 to 108 quadrillion Btu. However, energy use per capita declines by 15% from 2011 through 2040 as a result of improving energy efficiency (e.g., quadrillion Btu in 2011 to 14.0 than in AEO2012.
billion in 2011 to $98.5 The 2011 award winners are: Greener synthetic pathways: Genomatica, San Diego, Calif. Genomatica has been producing BDO at pilot scale in 3,000 liter fermentations since the first half of 2010, and is moving to production at demonstration scale in 2011. billion in 2011 to $98.5 billion by 2020.
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. —WEO 2011.
The company’s ultima goal is series production of DME fuel systems for the global automotive market by 2011. Dimethyl ether is a diesel fuel replacement that can be produced from abundant resources including natural gas, landfill methane, coal and biomass.
A new study by the Peterson Institute for International Economics concluded that the Kerry-Lieberman “American Power Act”—the energy and climate change legislation recently introduced in the Senate ( earlier post )—would reduced US oil imports by 33-40% below current levels and by 9-19% below projected business-as-usual levels by 2030.
The executives also foresee shale oil and gas having a transformative effect on helping to meet the world’s energy needs, according to the results of the 9 th Annual Energy Survey conducted by the KPMG Global Energy Institute. Alternative energy sources. Even batteries and fuel cells have entered the conversation.
In 2011, the largest dollar volume for Li-ion automotive applications could come from the mini EV and EREV segment. As one example of factors contributing to that decision, a survey of projected oilprices returned values between $30 and $250 a barrel, he said.). Representative battery pack size is below each segment.
Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Such an increase in capacity could prompt a plunge or even a collapse in oilprices, he suggests.
The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. As the source of two-thirds of global greenhouse-gas emissions, the energy sector will be pivotal in determining whether or not climate change goals are achieved. …
The current plunge in oilprices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.
The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. In the New Policies Scenario, the WEO ’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035.
billion in 2011 to $185.3 compound annual growth rate (CAGR) between 2011 and 2021. between 2017 and 2021, as a combination of higher oilprices, emerging mandate. between 2017 and 2021, as a combination of higher oilprices, emerging mandate. billion by 2021. A more robust growth is expected.
This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oilprice forecasts by Wall Street’s major investment banks. According to the IEA, supply could lag demand in a few years, which could lead to a surge in oilprices. “
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.
The Obama Administration’s recent extension of the offshore oil-drilling moratorium through 2011 has also renewed investor interest in on-shore oil reserves. More than 25 companies are involved in oil shale development. Market Risks : The economic competitiveness of oil shale and CTL is contingent on high oilprices.
Technically feasible levels of energy efficiency and decarbonized energy supply alone will not be sufficient to reduce greenhouse gas emissions 80% below 1990 levels by 2050, according to a detailed modeling of the California economy performed by a team from Energy and Environmental Economics, the Monterey. Williams et al. Click to enlarge.
“NEB and GNWT study finds 200 billion barrels of oil in the Sahtu,” gushed CBC News , referring to a region of the sprawling territory that cuts across three provinces and touches the Arctic Ocean. Knowledgeable oilmen like Hogg say that the Canol, while highly prospective, is a long-term game that will have to wait until oilprices rise.
the potential implications of electric vehicles for electricity consumption, management of electricity demand, greenhouse gas emissions and air pollutant emissions. The analysis is based on central forecasts of oilprice, electricity. However, as EV and PHEV prices gradually reach. This is primarily due to.
However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. In this case, we would expect petroleum prices to rise considerably.
That’s where government comes in.only the government can help influence [change] by having a price for carbon and technical incentives. ”. Mr. Immelt’s point is that the spike in oilprices to $147/barrel in 2008 is not enough on its own to get automakers to make electric vehicles. This could be another air mail idea.
It’s a robust technology, but you have to pay the oilprice, and if you have to burn an awful lot of heat in order to enable that endothermic chemistry, if you were to care about the energy footprint of this, it’s the three pounds of CO 2 produced to make one pound of polyethylene. ” —Alex Tkachenko.
BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oilprice environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oilprices. Earlier post.).
Providing war fighters with more energy-efficient equipment such as aircraft or combat vehicles improves operational effectiveness, saves money and reduces greenhouse gas emissions, they said. Opportunities to Produce Alternative Fuels with Lower Greenhouse Gas Emissions. ” —James Bartis, lead author.
The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. —Michael Stoppard, chief strategist, global gas, IHS Markit.
the steam required, represented by barrels of water, to produce one barrel of oil) from a peak of almost 8.5 for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). Using thermal recovery processes in heavy oil reservoirs depends largely on.
In 2011, ASTM approval for the use of renewable jet fuel derived from hydroprocessing is moving into the final stages. Renewable aviation fuels are being developed to address key issues with existing petroleum fuels, including greenhouse gas emissions, other environmental impacts and energy security. SAFN stakeholders.
Investing in alternative fuels is not only good for the environment, it’s a smart move for our company as biofuels have the potential to hedge against future oilprice volatility and carbon regulations. In 2011, United operated the first US passenger flight powered by advanced biofuels made from algae.
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