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GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

According to the latest available figures from the GECF Global Gas Outlook 2050, natural gas production in the Central Asian Republic is set to increase by 78% to reach the level of more than 141 billion cubic metres (bcm) by 2050, at a remarkable annual growth rate of 1.9%.

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Europe Expands Virtual Borders To Thwart Migrants

Cars That Think

It was after midnight in the Maltese search-and-rescue zone of the Mediterranean when a rubber boat originating from Libya carrying dozens of migrants encountered a hulking cargo ship from Madeira and a European military aircraft. wants to step away from having proactive naval operations,” says international relations researcher.

Europe 144
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Platts Survey: OPEC pumps 31.28M barrels of crude per day in June; highest since Aug 2012

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Last Thursday, the Kurdistan Regional Government said it had been forced to boost the sale of its own crude to international markets last month because of a debt backlog triggered by federal government budget cuts, leaving less crude available for export from Ceyhan on behalf of Iraqi state oil marketer SOMO.

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US DOE, IEA member countries releasing a total of 60 million barrels of oil from reserves

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US Energy Secretary Steven Chu announced today that the US and its partners in the International Energy Agency will release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the oil supply caused by unrest in the Middle East.

Oil 186
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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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EIA commissioned Advanced Resources International, Inc. ARI) to conduct the new world shale resource assessment because shale oil production has become a significant source of oil supply within the United States and because more and better geologic information has become available for shale formations located outside the United States.

Oil 281
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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The loss of oil supplies in Libya and elsewhere was eventually more than offset by large production increases among Middle Eastern OPEC members, leading to record oil production in Saudi Arabia, the UAE and Qatar. The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1% million bpd or 0.7%.

Coal 261
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Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%

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Initial assessments of 48 shale gas basins containing almost 70 shale gas formations in 32 countries suggest that shale gas resources, which have recently provided a major boost to US natural gas production, are also available in other world regions. A new EIA-sponsored study by Advanced Resources International, Inc.

Gas 210