Peak Coal

Comments about coal are usually not complimentary. Despite our dependence on it as a source of heat for electric power generation, environmentalists wish it would go away. On the other hand, advocates like to claim we have more than 110 years of coal left – “at present rates of consumption”. Both sides are overlooking crucial […]

Mexico’s Proven Oil And Gas Reserves Fall 3% In 2013

Mexico’s proven oil and gas reserves fell 3.1 percent in 2013, according to energy ministry data, as the nation’s once-ample shallow water deposits begin to run dry. The proven Mexican reserves totaled 13.439 billion barrels of oil equivalent (boe), or down by nearly 430 million boe compared with the previous year. Nearly three-quarters of the […]

Former Soviet Union peak oil and gas

July 2013 http://www.ey.com/Publication/vwLUAssets/EY_-_Enhanced_oil_recovery_(EOR)_methods_in_Russia:_time_is_of_the_essence/$FILE/EY-Enhanced-Oil-Recovery.pdf   http://omrpublic.iea.org/omrarchive/13mar2013fullpub.pdf More details: 9/6/2013 FSU crude oil exports decline by 5.5% in last 2 years http://crudeoilpeak.info/fsu-crude-oil-exports-declined-by-5-5-in-last-2-years .. Nov 2012 .. .. http://www.hhs.se/SITE/news/Documents/5%20-%20James%20Henderson.pdf Estimate July 2011 1989: fall of the Berlin Wall 4/10/2010    Russia’s oil peak and the German reunification http://www.crudeoilpeak.com/?p=1912   From: http://www.graphoilogy.com/2008/01/quantitative-assessment-of-future-net.html Vladimir Milov http://www.oecd.org/dataoecd/28/44/36964009.pdf http://www.nyenergyforum.org/resources/documents/Vladimir%20Milov%20March%2015,%202006.pdf http://www.tnk-bp.com/common/en/press/publications/5years/samotlor/TNK-BP_Samotlor_eng.pdf http://www.aspo9.be/assets/ASPO9_Wed_27_April_Mauriaud.pdf crudeoilpeak

Caspian peak

From EIA, August 2013 . . . http://www.eia.gov/countries/regions-topics.cfm?fips=CSR crudeoilpeak  

US oil reserves highest since 1970s

US exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published recently. Proved reserves of crude stood at 30.5 billion barrels at the start of 2013. If condensates are included, proved reserves reached 33.4 billion barrels, the highest since 1976, according to […]

High depletion rates in Bakken

If you can, you could term it delusion, the theory that Shale gas is the answer to all problems in terms of energy. Just extract the gas, ship it across the pipeline and export the excess, or so goes the popular theory (boom. How easy!). Let’s call this ‘Sale for Energy Security Theory’ or SEST) […]

Alaska North Slope oil production to fall 1.8 pct for year

Alaska’s North Slope oil production is forecast to decline 1.8 percent for the fiscal year ending June 30 instead of falling 3 percent as predicted in December, according to a report released this week. The Alaska Department of Revenue predicts production of 521,800 barrels a day (bpd) versus its December forecast of 508,200 bpd. By […]

Scientists link rise in seismic activity in Oklahoma to increased oil and gas exploration

Between 1975 and 2008, Oklahoma recorded an average of no more than six earthquakes per year, yet now it is the second most seismically active of the contiguous United States, beaten only by California. Scientists have linked this surge in seismic activity to a parallel increase in oil and gas exploration, including fracking. In 2009, […]

Vast oil trove trapped in Monterey Shale formation

San Joaquin Valley’s Monterey Shale formation may hold 15 billion barrels of oil, but no one has found an affordable way to extract it. A bustling city is sprouting on five acres here, carved out of a vast almond grove. Tanker trucks and heavy equipment come and go, a row of office trailers runs the […]

Scientists Assure Us That The Recent Earthquakes On The Ring Of Fire Are Not Related

We just had a tsunami-triggering 8.2 earthquake off of Chile’s north coast, a 5.8 earthquake off the coast of Panama, a 5.1 earthquake in southern California, and a dormant volcano in Peru has awakened for the first time in 40 years, but scientists assure us that none of these events are related and that we don’t […]

Old Math Casts Doubt on Accuracy of Oil Reserve Estimates

Jan Arps is the most influential oilman you’ve never heard of. In 1945, Arps, then a 33-year-old petroleum engineer for British-American Oil Producing Co., published a formula to predict how much crude a well will produce and when it will run dry. The Arps method has become one of the most widely used measures in […]

Angolan oil will peak in 2016, IMF says

Economic growth in Angola will slow in 2017 as oil output declines, according to the International Monetary Fund (IMF). The economy is forecast to expand by 5.3 percent this year, and by 5.5 percent and 5.9 percent in the following two years before the rate slows to 3.3 percent in 2017, IMF figures show. Crude […]

Revisiting the IEA’s World Energy Outlook 2013

I was going over the IEA’s World Energy Outlook 2013 and noticed a few things you might find interesting. Exactly what is their opinion on Peak Oil? Here, cut and pasted from the report. Got that? The URR is great enough to delay any peak until after 2035. Here is one of their graphs that […]

Is Eagle Ford Peaking?

This page Texas Oil and Gas Production was last updated on February 18. However the data on this page has been updated. And the January production has been updated also: Oil and Gas Production Data Query then check “Lease”, “Both”, Statewide and then punch in the appropriate dates. Then when the next page comes up click on “Monthly […]

Nigeria decries oil reserves depletion to 35bn barrels

The Department of Petroleum Resources (DPR) has stated that the nation’s oil reserves have depleted to 35 billion barrels The Director, DPR, George Osahon, disclosed this at the ongoing oil and gas conference in Abuja, adding that the Niger Delta region was finally showing signs of maturity. He ,however, revealed that they had started working […]

Peak Oil Depletion Scenarios

Trendlines Research monitors the major forecasts of peak oil depletion from around the globe.  Updates of the 14 tier-1 scenarios (and consensus avg) are plotted on a graph and each month the Tier-1 presentation is posted to this website.  The 21 others are plotted on a Tier-2 chart.  For purists, a third chart plots the […]

China’s Shale Gas Development Potential

China’s potential in shale gas production is nearly as staggering as its potential growth in demand for natural gas. The U.S. Energy Information Administration estimates that China possesses by far the world’s largest reserves of technically recoverable shale gas. Although China’s shale gas industry is not as advanced as the United States’, it could be the most advanced outside of North America. China’s […]

How do ex-Saudi Aramco geologist Dr Husseini’s oil price spike predictions of USD 140 by 2016-17 stack up?

In an interview with ASPO USA in January 2014 Ex-Saudi Aramco geologist Dr. Sadad-Al-Husseini predicted oil price spikes of $140 by 2016/17. This post shows some graphs explaining why this could happen. Husseini: My base oil price forecast in 2012 dollars still ranges between $105 and $120/barrel Brent with a volatility floor of $ 95/barrel and […]

IPR Make Offshore Egypt Find

Texas Independent, IPR, announced the discovery of its first drilled well (SWGEZ-5) in its Southwest Gebel El Zeit concession, located offshore Gulf of Suez, Egypt. The block is operated by IPR and was acquired from Devon Energy International in 2007. IPR constructed a modern three-slot platform, 9.5 km 8-1/2 in. pipeline from platform to shore and […]

Can we depend on a “Call on OPEC”, or has OPEC peaked?

Steve Kopits, in his recent presentation at Columbia University, ridiculed the IEA’s often used term a “Call on OPEC“. That is, the IEA looks at the world oil supply and if they see a supply shortage looming on the horizon they then issue a “Call on OPEC” to supply x number of extra barrels and […]

Checking In On Peak Oil

In last week’s column, The Case of the Missing Propane, I explained how the widespread use of hydraulic fracturing (fracking) of shale oil deposits since 2008 has led to a 30% increase in the production of crude petroleum in the United States. While that statistic makes for snappy headlines, it is not particularly meaningful to […]

Natural gas field discovered on Gaza’s coast

The besieged Palestinian territory of Gaza now enjoys the prospect of energy independence – a huge gain as fuel supplies to Gaza have restricted by Israel and Egypt. The big question – will Israel allow the gas field’s development? Palestinian MP Dr Salem Salama, a member of the economic committee of the Palestinian Legislative Council, […]

China discovers huge oil, gas deposits

China discovered nearly 1.1 billion tonnes of oil deposits and 616.4 billion cubic meters of natural gas reserves in 2013, said the Ministry of Land and Resources. Of the new discoveries, 202 million tonnes of oil and 381.9 billion cubic meters of natural gas can be exploited with the current technologies, according to the ministry. […]

North Sea oil: Facts and figures

  40bn barrels extracted 24bn could remain 30-40 years of production remaining £57bn tax revenue predicted by Scottish Government by 2018 38% fall in oil revenue predicted by Office for Budget Responsibility by 2017-18 The future of North Sea oil is one of the key campaign battlegrounds ahead of the Scottish independence referendum. Since the […]

Peak oil is not a myth

One might have the impression that hydraulic fracturing (fracking) of shale deposits is the answer to world energy security. Certainly fracking has received much attention and investment, but its prospects must be considered in a broader context. In the US, where practically all such operations have been conducted to date, fracking now accounts for 40% […]

A 10-year oil supply retrospective shows unwarranted optimism

Our guest blog today comes from Steve Andrews, who is  a retired energy consultant and contributor to the Peak Oil Review, reachable at sbandrews@att.net. We reached out to CERA to determine its interest in providing a response, but did not hear back. “False optimism leads to very poor investment decisions.”: Jeremy Grantham, co-founder and Chief Investment […]

No oil, but a phosphate future for Saudi desert outpost

* Industrial complex planned in far north around phosphate mine * Total investment to cost $9 billion * Part of Saudi strategy to diversify from oil * Oil and gas still roughly half of Saudi GDP * Future oil revenue uncertain if prices hit by U.S. shale oil Billboards on the highway outside Turaif, a […]

BP’s peak oil rejection

For the first time since the industrial revolution the world is moving into an era without a dominant energy source. That’s the assertion of global oil giant BP, which is also offering a reality check on the notion of peak oil. The company’s general manager of global energy markets and US economics, Mark Finley, is […]

PetroChina Makes Huge Gas Find in Sichuan Basin

PetroChina, Asia’s largest oil and gas producer, has found 308.2 billion cubic metres of technically recoverable gas in southwest China’s Sichuan basin, according to parent CNPC, one of China’s largest gas discoveries in more than a decade. China, the top energy user and fourth-largest consumer of gas, is racing to increase supply of the cleaner-burning […]

North Dakota Bakken/Three Forks Scenarios

Figure 1 A recent post at Peak Oil Barrel by Jean Laherrere suggested an ultimate recoverable resource(URR) for the North Dakota Bakken/Three Forks of about 2.5 Gb based on Hubbert Linearization.  This conflicts with a recent (April 2013) USGS mean (F50) estimate of 8.4 Gb.  I decided to update my scenarios based on the range of […]

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