Filed under: maps | Tags: Arab Emirates, crude oil, crude pipeline, Emirates, energy, global crude oil, Habshan-Fujairah, Iran, middle-east, oil production, oil transport, peak oil, Persian Gulf, pipeline, Strait of Hormuz, UAE
Will help a little bit with the whole Strait of Hormuz thing.
Filed under: Uncategorized | Tags: crude oil production, energy, Forbes, global oil productionoil production statistics, JODI, KSA, OECD, oil production, OPEC, peak oil, production numbers, Russia, Russian energy ministry, russian oil, Russian oil production, Saudi Arabia, Saudi Arabian oil production
…between official Russian oil production numbers and JODI numbers.
via http://www.forbes.com/sites/markadomanis/2012/05/20/is-russian-oil-production-plummeting/
Filed under: Uncategorized | Tags: crude oil, EIA, energy, Iran oil production, Iraq, middle-east, oil production, oil supply, peak oil, Peak Oil is dead, pipeline problems, Turkey
A new fire in the North Sea; blowout in Russia; hacking in Iran; pipeline problems in Turkey; accelerated violence in South Sudan… What I miss?
Filed under: Uncategorized | Tags: 7 sisters, de Margerie, energy, IEA forecast for 2012, Jon Thompson, Lee Raymond, oil demand, oil production, Peak Demand, peak oil, Total, XOM, Yergin
Interesting piece by Andrew McKillop.
At the current time there is no sign that either of these Nice Theory solutions coming about in the real world, unless we try the conspiracy theory that the OECD group, led by the US, Europe and Japan voluntarily sabotaged their economies in 2008 – to save oil !
Annual growth of oil demand by China, India, Bangladesh, Pakistan, Brazil, Turkey and other nonOECD, large population, oil importing industrialising countries could hit as much as 1.75 Mbd each year, under 2004-2007 global economic conditions. Not even 2 years of that growth would send oil prices right off the top of the graph. Even with continued slow oil demand growth by the OECD group, or recession-driven decline of their demand … global oil demand can easily bounce.
…
We can simply note that dependable Peak Oil denial from playful flyweights like Dan Yergin or oil industry stalwarts like former CEO Lee Raymond and E&P chief Jon Thompson of ExxonMobil, or Christophe de Margerie of Total has problems staying on track. The real bottom line on global oil production is increasingly heard: world oil output will very likely never achieve more than around 90 Mbd on a short-life basis, before terminal decline sets into operation. The only upside is that necessarily more expensive shale oil, and necessarily expensive GTL (oil from gas) may smooth the downslope.
Today’s IEA forecast for global average daily demand in 2012 is about 89.9 Mbd.
via The Magical Decline Of Crude Oil Demand :: The Market Oracle
Filed under: Uncategorized | Tags: Baker Hughes, drilling rigs, Early Warning, energy, fracking, gas production, Natural gas, oil production, Staniford
via Stuart Staniford’s Early Warning:
http://earlywarn.blogspot.com/2012/03/us-rig-count-trends.html
Filed under: Uncategorized | Tags: Ali Naimi, energy, James Hamilton, oil consumption, oil demand, oil production, peak oil
“There is no rational reason for high oil prices,” writes Ali Naimi, Saudi Arabian Minister of Petroleum and Mineral Resources, in today’s Financial Times. Well, I can think of one– if oil prices were lower, the world would want to consume more than is currently being produced.
via Econbrowser: A rational reason for high oil prices.
Filed under: Uncategorized | Tags: air supply, available net exports, China, Chinese oil production, Darwinian, net exports, Oil Drum, oil production, oil supply
From a comment by “Darwinian” on the Oil Drum.
Filed under: Uncategorized | Tags: depletion, energy, England, North Sea, oil depletion, oil production, oil production declines, oil supply, peak oil, UK, UK oil production
For any modern nation, a 22% decline in oil production would be significant over the course of a decade. A 22% drop over a mere 12 months ought to be front-page news, yet this radical decline has passed relatively unnoticed.
via UK Oil: Plummeting production vs media inattention | Energy Bulletin.
Filed under: maps | Tags: Bakken, Barnett Shale, Eagle Ford, energy, energy production, fracking, hydraulic fracturing, Marcellus, Niobrara, oil production, Piceance Basin, shale gas, shale oil, tight gas, tight oil
Via EIA.
click to enlarge
Filed under: Uncategorized | Tags: crude oil, oil production, oil supply, peak oil, Saudi Arabia, Saudi Arabian oil production, Schumer
But Senator — to what degree will desperate-sounding ‘comments’ from US officials like yourself counteract those hypothetical emphatic promises? Seems like Shoom is scrambling for relevance.
Schumer called on Saudi Arabia to repeat its intention to make up for supply losses, arguing the comments will drive down gas prices, which are tethered to global oil prices.
“If the markets believe this is real, the price will come down even further. So we are asking the Saudis to repeat this promise,” Schumer said.
“The more explicit they are, the more emphatic they are, the more they ensure the markets that they are for real here,” he continued, “the more the markets will calm down more permanently and the more the price will come down.”
via Schumer: Saudi Arabia's plan to increase oil supply will lower gas prices – The Hill's E2-Wire.
Filed under: Uncategorized | Tags: COGC, Colorado Oil and Gas Commission, drilling regulations, EOG Resources, fracking, fracking sand, Garden Creek 07-14H, Niobrara, oil production, radioactive fracking sand, tight oil, Weld County
A sensitive area due to shallow groundwater. According to a site assessment, groundwater is 20 feet below the surface.
http://ogccweblink.state.co.us/results.aspx?id=415806
Filed under: Uncategorized | Tags: Iraq, Iraqi civil war, Iraqi oil production, Lukoil, Norway, oil production, Russia, Statoil, West Qurna, West Qurna-2
As Norwegian Statoil bugs out.
Lukoil aims to invest around $2 billion in the West Qurna-2 oil field in Iraq this year, Bloomberg News reports. A company spokesman told Bloomberg that $200 million was invested there in 2011.
The oil company, the largest private energy company in Russia, also announced plans to start construction on a new oil pipeline and spell out details for its drilling program.
via Lukoil unveils investment plans for Iraq – UPI.com.
Filed under: Uncategorized | Tags: Chevron, Chevron Nigeria Limited, Funiwa 1A, gas leak, Koluma, Nigeria, Nigerian natural gas production, Nigerian oil production, off-shore, oil production, relief well, rig fire
In familiar fashion, there is some difference of opinion about whether the well is still leaking. A relief well was drilled but didn’t do the trick.
Chevron Corp released a statement declaring that the raging fire had gone out by itself. “The site of the Funiwa 1A natural gas well offshore Nigeria ceased burning on Friday, March 2. The well stopped flowing on its own,” the statement said. “CNL (Chevron Nigeria Limited) has detected no natural gas flowing from the well since the fire ceased burning and is monitoring the area continuously.”
Nigerian communities local to the area have confirmed that the fire has indeed gone out, but claim that the gas is still leaking at a steady rate, and has killed many fish and polluted the area.
Matthew Sele, from the town of Koluma just near to the offshore rig, said that, “The fire has been put off since Friday, but the gas emission is worse. Raw gas is continuing to bubble in the air and is making it hard for people to breathe.”
via Chevron's Nigerian Rig Fire Finally Goes Out on its Own.
(This is about five days old.)
Filed under: Uncategorized | Tags: energy, net available exports, oil consumption, oil exports, oil production, peak oil, Yemen
Via the EIA’s Yemen page, which seems to rely heavily on Oil & Gas Journal.
Filed under: maps, Uncategorized | Tags: Alaska, Beaufort Sea, Chukchi Sea, crude oil, energy, North Slope, oil, oil drilling, oil production, peak oil, Prudhoe Bay, Siberia, Trans-Alaskan Pipeline
click to enlarge
Filed under: Uncategorized | Tags: Brent, Brent crude, energy, Greece, Iran, North Sea, oil price, oil production, peak oil, price of oil, Reuters, WTI
Crude oil output from the North Sea, home of the global Brent benchmark, is set to fall in March for a third month due to maintenance work and natural aging of oilfields there.
Supply will average 2.18 million barrels per day in March, down 1.4 percent from 2.12 million bpd the previous month, data compiled by Reuters showed on Tuesday.
via Brent tops $120 on Iran, North Sea, Greece | Reuters.
This report was the product of at least four reporters and two editors.
Filed under: maps | Tags: energy, Iran, Iranian exports, Iraq-Turkey pipeline, kurdistan, Middle East oil pipelines, oil exports, oil pipelines, oil production, oil trade, Strait of Hormuz
Via the Guardian‘s DataBlog: http://www.guardian.co.uk/news/datablog/2012/feb/06/iran-oil-exports-destination#_
Filed under: Uncategorized | Tags: ', China, energy, energy production, OECD, oil production, oil supply, South Sudan, Sudan
Graph from IEA (pdf):
Filed under: Uncategorized | Tags: crude oil production, depletion, energy, King, Murray, oil production, peak oil
A new article in Nature acknowledges apparent peak in crude oil supply around 2005, and associated bits of nasty math, including depletion of existing supergiant fields and sharp decline in shale gas wells. Here’s the citation for the article:
http://www.nature.com/nature/journal/v481/n7382/full/481433a.html
Murray and King say “we need to start immediately” to mitigate the effects of Peak Oil. But the effects of Peak Oil are already mitigating us.
via Energy Bulletin:
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Industrialized Cyclist Notepad 
