Green Car Congress

SEPTEMBER 18, 2015

Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. Global Supply and Demand Fundamentals Continue to Worsen. Conclusions.

Oil 150

Oil Oil-Sands Oil Prices 2015 150

Green Car Congress

OCTOBER 3, 2016

The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. Acetogens are anaerobic bacteria, which cannot grow in oxygenated environments. In this study, researchers tested how C.

Conversion 240

Conversion Carbon CO2 Oil Prices 240

Green Car Congress

DECEMBER 4, 2016

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.

Mexico 150

Mexico Chevron Oil Oil Prices 150

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

Oil 150

Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

FEBRUARY 3, 2015

Oil companies are scratching their heads trying to figure out how to deal with a collapse in oil prices, now below $50 per barrel. Statoil, the semi-state-owned oil company from Norway, has been an offshore leader and Arctic pioneer. That delayed drilling for several consecutive years. There will be no drilling in 2015.

Oil 150

Oil Alaska Oil Prices 2015 150

Green Car Congress

MAY 23, 2016

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. million barrels per day (bpd).

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Saudi Arabia Iran Store Oil 150

Green Car Congress

APRIL 6, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016.

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Russia Oil 2016 Oil Prices 150