Home » Posts tagged 'oil extraction'
Tag Archives: oil extraction
The Bulletin: December 5-11, 2024
The Bulletin: December 5-11, 2024 The Argument for Assisted Collapse – George Tsakraklides Total Grid Collapse Strikes Cuba (Again) | ZeroHedge Yes, Climate Change Is Probably Going To Kill You Reductionism Doesn’t Work Holistically It was always about the oil #294: The perils of extremes | Surplus Energy Economics Lavrov Warns Europe The New Cold […]
OPEC Production Fell In November, But 3 Members Actually Boosted Output
OPEC Production Fell In November, But 3 Members Actually Boosted Output OPEC’s crude oil production fell by an average of 744,000 barrels per day, according to OPEC’s Monthly Oil Market Report released on Tuesday. Saudi Arabia’s November production fell by the most among its members, by 404,000 bpd, to 10.474 million bpd—Saudi Arabia’s lowest monthly […]
After Biden Rehabs MbS’ Image, Saudis Announce Increase In Oil Production Capacity
After Biden Rehabs MbS’ Image, Saudis Announce Increase In Oil Production Capacity After Joe Biden’s red carpet fist bump with the “pariah” it appears Crown Prince Mohammed bin Salman got what he wanted – namely the necessary optics of being deemed “back in” with Washington and having his blood stained reputation rehabilitated on a global stage, signaling […]
Is Saudi Oil Production At Capacity?
Is Saudi Oil Production At Capacity? Use it or lose it – this principle might apply to Saudi Arabia’s oil production capacity that is now eyed by the Western world to fill the Russia-sized gap in supply left behind by embargoes. However, as Statista’s Katharina Buchholz details below, Saudi Arabia in the past three years only approached its declared […]
The Status of U.S. Oil Production
The Status of U.S. Oil Production After the price of oil collapsed in April of 2020, U.S. oil producers reduced drilling new wells and completing drilled wells, which contributed to a production declined to 11.28 mb/d on an annual basis in 2020. Beyond the pandemic problems endured by oil producers, there were depletion problems as […]
Will the world ever reach peak crude production of November 2018 again? (part 1)
Will the world ever reach peak crude production of November 2018 again? (part 1) According to EIA data global crude & condensate production peaked in November 2018 at 84.5 mb/d. The peak was short-lived: 2 months above 83 mb/d plus 3 months above 84 mb/d while the average for the remaining months was 82.2 mb/d. […]
Russia’s Oil Output Is Plummeting, And It May Never Recover
Russia’s Oil Output Is Plummeting, And It May Never Recover Russia’s oil output is plummeting, and the decline is expected to worsen in May. OPEC recently warned that markets could see the loss of more than 7 million barrels per day of Russian oil and other liquids exports. With many global producers constrained in their […]
Permian explorers drill deep into fraclog, leaving shelves bare
Permian explorers drill deep into fraclog, leaving shelves bare (Bloomberg) — Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade. The number of wells that have […]
Further Down the Road
Further Down the Road How crises accelerate the process of decline Will it fall this time…? Image source: Unsplash I’ve always encouraged my readers to take a broader look on the shape of things to come — and to look beyond well curated political narratives. What rarely fits into these stories, is the vital role energy […]
OPEC’s Joint Ministerial Monitoring Committee Is About To Begin: Here’s What To Expect
OPEC’s Joint Ministerial Monitoring Committee Is About To Begin: Here’s What To Expect OPEC+ is expected to continue with its plan to increase its production quota 400k BPD The Omicron variant impact is expected to be mild and short-lived, according to the JTC findings The meeting is expected to be smooth, but the issue of […]
OPEC and Russia will pump more oil in January despite price plunge
OPEC and Russia will pump more oil in January despite price plunge Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, attends the COP26 climate summit in Glasgow in November. London (CNN Business)Saudi Arabia, Russia and other leading oil producers have decided to stick with plans to increase supply in January despite a recent plunge in […]
A Practical Exercise Suggestion for Peak Oil Sceptics
A Practical Exercise Suggestion for Peak Oil Sceptics (Translated from Spanish by Amelia Burke, originally published in two parts.) When someone calls into question the existance of a peak in the production (extraction) of a non-renewable resource, which oil is, you should invite them to study carefully the curves of the Energy Export Databrowser. This Databrowser […]
80pc of Kenya’s crude oil cannot be tapped
80pc of Kenya’s crude oil cannot be tapped SUMMARY The company said a new audit on the Turkana oil fields revealed a larger reservoir – commonly referred to as Oil Initially In Place (OIIP) in exploration parlance – compared to the previous estimate of 1.77 billion barrels. The commercially extractable volume climbing to 585 million […]
