Statoil Makes Canada Oil Discovery Off Newfoundland

Statoil says it has discovered light, high-quality oil in the Flemish Pass basin 500 kilometres northeast of St. John’s, raising hopes for an as-yet-untapped part of the Newfoundland offshore. “It is positive that we have found oil in this second major structure in the Flemish area,” Geir Richardsen, Statoil’s vice-president of exploration, told CBC News. […]

The US Is No Longer The King Of Shale Oil & Gas

If you thought the US was the king of shale, we are sorry to burst your bubble… it no longer wears the crown. China has more proven oil reserves than the US. As the following chart shows – from the EIA’s 730-page report, which assesses the shale formations of 41 countries – the global race […]

Energy Export Databrowser Updated to BP 2013 data

The Energy Export Databrowser has been updated to the latest version of the BP Statistical Review. A few charts are provided below the fold that help illuminate the following stories evident in the data: The US is less reliant on imports from across the globe UK energy production from all sources continues its decline Brazil […]

Contemplating Megadeaths

“We have evolved very elegant internal retrieval mechanisms, much of that fabric spun during dreamtime. By comparison, our cultural memory is nearly as short and foggy as our memories of our dreams.” Happy Father’s Day Y’all! This week we are going to the vault for a blast from the past. We originally penned this piece […]

Radioactive Mountain is Key in US Rare-Earth Woes

Red state or blue state, liberal or libertarian, Americans share an addiction to rare-earth elements imported from China. Green technologies such as electric cars, wind turbines, solar panels and fluorescent light bulbs rely on rare-earth metals. The military depends on rare earths for guided missile systems, satellites and unmanned drones. NASA’s spacecraft carry powerful rare […]

Heinberg: SNAKE OIL: How Fracking’s False Promise of Plenty Imperils Our Future

The Story We’re being told that — thanks to technological advances like hydraulic fracturing and horizontal drilling — the US is undergoing an energy revolution, leading us in a few short years to become once again the world’s biggest oil producer and an exporter of natural gas. According to the Oil & Gas Industry and […]

World Has 10 Years of Shale Oil: US Department of Energy

Global shale resources are vast enough to cover more than a decade of oil consumption, according to the first-ever U.S. assessment of reserves from Russia to Argentina. The U.S. Department of Energy estimated “technically recoverable” shale oil resources of 345 billion barrels in 42 countries it surveyed, or 10 percent of global crude supplies. The […]

Earth may have more oil than anyone thought

There could be a lot more oil and gas out there than we thought. But it’s going to cost a whole lot to extract it. The Department of Energy’s Energy Information Administration has upgraded its estimates of global oil reserves by 11% after scouring 41 countries and finding a lot more “technically recoverable” shale oil […]

EIA: UK Shale Gas Equal to 9 Years of Demand

The UK’s potential recoverable shale gas resources are enough on their own to meet the country’s gas consumption for almost a decade, according to a report published late Monday by the U.S. Energy Information Administration. The EIA report – with the rather unwieldy title ‘Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of […]

EIA: Amount of Technically Recoverable Global Shale Resources Grows

The U.S. Energy Information Administration (EIA) has increased its estimate of technically recoverable global shale gas resources by 10 percent from its 2011 estimate of 6,622 trillion cubic feet (Tcf) to 7,299 Tcf. EIA’s new update of global shale resources includes data on U.S. shale oil and gas resources as well as data for 137 […]

A new source of natural gas

The name “natural gas” might be a puzzle. After all, how could there be such a thing as unnatural gas? The reason we call it natural gas has to do with history. There was a day that people made burnable gas by heating coal. The gases that came off the coal were piped around cities […]

How the Peak Oil works

A little explanation about the peak oil and its implication today. If you want to know more you can check the following links: WEO 2008: http://www.worldenergyoutlook.org/med… /weo2008.pdf Peak Oil Nwes: http://peakoil.com/ I have a new site, where I post, news about enviroment and energetic resources, check it out if you feel like it: http://therenewableworld.wordpress.com/

Bitumen Doesn’t Float

Some diluted bitumen products will sink in fresh and brackish marine waters in less than 26 hours following a tanker spill or accident at a marine terminal. That’s the conclusion of new report by Jeff Short, a highly respected U.S. environmental chemist who worked with for National Oceanographic and Atmospheric Administration (NOAA) for decades. Short […]

Looking Back at Peak Oil

Peak Oil – the maximum sustainable rate of global oil production – happened in 2012. That’s one of the main conclusions of a new report, Fossil and Nuclear Fuels – The Supply Outlook, released in March 2013 by the Energy Watch Group (EWG). This event will have profound long-term implications for how advisors should manage clients’ portfolios, and […]

Russian oil company suspends exploration in Cuba

A Russian state oil company drilling off Cuba’s northern shores has reportedly confirmed that it is temporarily halting its exploration — the fourth disappointment for Cuba’s dreams of energy self-sufficiency in less than two years. The announcement by Zarubezhneft signaled an end to the only active exploration program on the island, which now relies on […]

Does Fracking Cause Earthquakes?

I’m going to step a bit outside of my comfort zone for this, my fourth and final article in a series on the environmental impacts of natural gas. The question under consideration today is whether fracking causes earthquakes? Fortunately, there is some available science within the published literature to draw on. As I’ve consistently tried […]

Much ado about phosphorus

‘Life can multiply until all the phosphorus has gone and then there is an inexorable halt which nothing can prevent’ – Isaac Asimov, 1974 WHO: K. Ashley, D. Mavinic, Department of Civil Engineering, Faculty of Applied Science, University of British Columbia, Vancouver, BC, Canada D. Cordell, Institute for Sustainable Futures, University of Technology, Sydney, Australia WHAT: A brief history […]

The UK Oil Peak and its Terminal Decline

Did you know that: – the UK has reached its Oil peak in 1999 ? – the oil production has decreased by 7.5% for 12 hear in a row ? – the oil production is down by 64% from its peak ?

Greenland – The Rare Earth Frontier

The Economist has a report on Greenland’s rare earth potential – Why does Greenland’s election have global implications?. The world may not often be very interested in Greenland but it is fascinated by what lies beneath it. As the country’s ice cap melts, hidden mineral wealth is coming tantalisingly within reach. The country’s riches include “rare […]

Pemex Makes Third Ultra-Deep Find at Mexico Gulf Maximino Field

Petroleos Mexicanos, the world’s fourth-largest oil producer, made its third ultra-deepwater discovery on the Mexican side of the Perdido basin in the Gulf of Mexico. Tests at the Maximino field where the crude was found are still being made and volumes are being assessed, Luis Ramos, a strategic planning manager at the Mexican state-owned oil […]

Ohio’s well data shatters shale oil hopes

U.S. hopes for a new shale oil bonanza in Ohio, joining the prolific Bakken and Eagle Ford plays that have raised production to 20-year highs, were shattered on Thursday by the first hard evidence that the Utica formation was primarily gas-prone. Just two years ago, the Utica had the global oil industry buzzing as companies […]

Israel Appears to Have More Natural Gas

Operators of two large Israeli natural gas fields said Thursday that another offshore field under exploration shows promise. The Karish field, off Israel’s northern coast, contains “significant signs of natural gas,” according to a statement from Delek Group Ltd., whose subsidiaries also control the large Tamar and Leviathan fields along with U.S.-based Noble Energy Inc. […]

USGS: New Insight on GOM Gas Hydrates

Scientists have returned from a 15‑day research expedition in the northern Gulf of Mexico with the best high-resolution seismic data and imagery ever obtained of sediments with high gas hydrate saturations. The expedition and the data and imagery collected resulted from long-standing cooperation between the U.S. Department of the Interior’s U.S. Geological Survey (USGS) and […]

New Wyoming Lithium Deposit could Meet all U.S. Demand

The U.S. currently imports more than 80% of the lithium it uses, with the silvery metal winding up in batteries from cell phones to electric cars. According to a United States Geological Survey publication on lithium, “The only commercially active lithium mine in the United States was a brine operati on in Nevada. The mine’s […]

Dr. Sami Alnuaim: Global oil reserves

As a result to the comments/discussion I had received in relation to the article that I wrote and was published in this column two weeks ago under the title: ‘The Falsehood of Peak Oil Theory’, I would like to further clarify my opinion by defining the term “Hydrocarbon Reserves” as per the official definition of […]

Bakken recoverable oil estimates are growing again

An oil-rich region of the north-central United States holds more than twice the recoverable crude supplies estimated just five years ago, a government study released Tuesday said. The Bakken Formation and Three Forks Formation — which span parts of Montana, North Dakota and South Dakota — together hold about 7.4 billion barrels of undiscovered, technically […]

Feds triple estimates for recoverable natural gas in plains states

A new US Geological Survey study found that not only is the amount of the natural gas in the upper plains states of North and South Dakota and Montana three time larger than previously reported but that there was twice as much oil in there too. Here’s the study. It summarizes its findings as: Using […]

Tapping the Promised Land: Can Israel Be an Energy Giant?

One day in August 2009, a geologist named Yuval Bartov sank a drill into the ground southwest of Jerusalem, pulled up a cylinder of rock and, in the same motion, turned the world upside down. The rock contained oil, something that Israel has never had. The oil did not happen to be in liquid form, […]

What If We Never Run Out of Oil?

New technology and a little-known energy source suggest that fossil fuels may not be finite. This would be a miracle—and a nightmare. As the great research ship Chikyu left Shimizu in January to mine the explosive ice beneath the Philippine Sea, chances are good that not one of the scientists aboard realized they might be […]

Strong quake hits China; 102 dead, more than 2200 injured

Earthquake of magnitude 6.6 strikes China’s Sichuan province * More than 2,200 injured, 147 seriously * Earthquake epicentre near Ya’an city * Tremors felt in provincial capital, Chengdu A strong 6.6 magnitude earthquake hit a remote, mostly rural and mountainous area of southwestern China’s Sichuan province on Saturday, killing at least 102 people and injuring […]

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