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

MARCH 8, 2012

Tillerson said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels. Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades.

Saudi Arabia 231

Saudi Arabia Oil Oil-Sands 2012 231

Green Car Congress

JUNE 18, 2022

Canada’s growth in crude oil and natural gas production during 2022 and 2023 is driven primarily by expanding oil sands and debottlenecking projects. Canada’s growth is due in part to the Enbridge Line 3 crude oil pipeline expansion (760,000 b/d capacity), which became operational in October 2021. million b/d in 2023.

Brazil 259

Brazil Canada Oil-Sands China 259