Malaysia sets out a plan to reverse its oil output slide

Malaysia recently achieved a significant milestone in its attempt to reverse a decline in crude oil production with the completion of the Tapis-R platform—a 23,500 mt mega structure for the enhanced oil recovery (EOR) project at the aging Tapis field located offshore Terengganu in Peninsular Malaysia. With the EOR project, Petronas and ExxonMobil are aiming […]

In Canada’s North Atlantic, New Oil Frontier Shows Life Beyond Shale

Statoil’s announcement this week of a major oil find off Canada’s Atlantic coast offers a refreshing reminder that new technology and high prices are helping uncover new oil supplies far beyond U.S. shale and the Alberta oil sands. Statoil says its discovery in the deep-sea Bay du Nord may contain up to 600 million barrels […]

Iran: Rapprochement Crucial To Avoiding Peak Oil And Global Crisis This Decade

Given the overwhelmingly positive perception created around the issue of future global oil supply prospects recently, one would think that it is a waste of time to continue worrying about where the next barrel comes from. Since the 2008 scare when oil prices spiked to almost $150 a barrel, many developments contributed to pushing aside […]

The myth of US energy independence in the global world of oil

No man is an island, not even a man who has grown his oil and gas production exponentially. Case in point: the US, which in the past five years has boosted oil production by around 35%, changing the discussion of its “energy independence” from a “what if” to a “when” scenario. If that’s the case, […]

Shell Abandons Oil-Shale Project In Colorado After Pumping Millions Into Exploration

Royal Dutch Shell PLC has become the latest company to abandon efforts to turn Western Slope oil-shale into oil, joining a long line of companies in a boom and bust cycle in the region. The company said energy markets have changed since the project started in 1982, and the company no longer wants to continue […]

Mexico needs technology to boost oil output

Insufficient investment in technology is the main reason for Mexico’s declining oil production, an executive of its state oil company said in Houston Tuesday. Mexico’s national oil company, Petróleos Mexicanos, or Pemex, relies on the federal government for its annual budget, limiting the company’s ability to invest in technology for new exploration, said José Antonio […]

Iraq Asks Kurds to Link New Oil Pipeline to its Network

Iraq’s central government has asked the autonomous Kurdish region to connect its new oil pipeline with one from Kirkuk to Ceyhan in Turkey in a way  that allows Baghdad to measure crude flows, Iraq’s deputy prime minister for energy affairs said on Tuesday. Kurdistan is expected to complete the new 300,000 barrel per day (bpd) […]

Shale gas, oil reshape world energy landscape

After unleashing an energy revolution in the United States, shale gas and oil are now becoming energy game-changers worldwide, a break with the past whose ramifications are still unclear. Thanks to the advent of hydraulic fracturing technology — used to extract oil and gas locked in sedimentary shale rock — the United States is on […]

Bakken – Hype Versus Reality

As Wall Street, CNBC, and feckless politicians tout American energy independence from the miracle of shale oil, reality is already rearing its ugly head. Production grew by 24% over the first six months of 2012. Production has grown by only 7% over the first six months of 2013. That is a dramatic slowdown. The fact […]

New Frontiers: a litany of oil pipeline/midstream woes bedevil the Mideast

It’s not enough to produce a lot of oil. It has to be taken to market. And in the Middle East, that’s increasingly a problem, as Tamsin Carlisle discusses in this week’s Oilgram News column, New Frontiers. ——————————————— Continued Middle East turmoil is casting a harsh light on the state of the region’s inadequate interstate […]

Shocker, The World Is Depending On The USA to Save Us From Peak Oil

Everyone is going nuts over US tight oil production, known in some circles as shale oil. They point to the sudden rise in US oil production, then they extrapolate that into the future for several years and come to the conclusion that there will soon be a glut of crude oil on the market. Prices […]

OPEC Exports to Rise on Saudi Arabia Supply

The Organization of Petroleum Exporting Countries will increase crude shipments by 1.4 percent through to early October as Saudi Arabia boosts output amid losses in Libya, tanker tracker Oil Movements said. OPEC, which supplies about 40 percent of the world’s oil, will raise exports by 320,000 barrels a day to about 23.9 million a day […]

Horizontal drilling, fracking begins in old, shallow oil and gas fields

If we could take a tiny glass elevator down the trajectory of a Marcellus Shale well, we would see slabs of coal, sandstone, shale and siltstone alternating and colliding with one another for thousands of feet until we finally reach the target rock. Today, half a dozen local oil and gas companies are forgoing the […]

Libyan oil production rebounding

Oil production from Libya should be up to about 700,000 barrels per day, with some fields returning to service, an oil company official said. Mustafa Sanalla, a board director at National Oil Co., told investors in London this week oil production should nearly double from the 243,000 barrels per day reported recently because of the […]

The Rise Of ‘Plateau Oil’ In Four Charts

Peak oil is dead. As we and others have written, the combination of the U.S. shale boom and flagging demand are going to start pushing markets sideways. We recently got four new charts that elaborate on this phenomenon, which one might call plateau oil and gas. It’s way better than peak oil, we’d argue, because […]

Gulf Of Mexico Production and the EIA’s Prediction

The Bureau of Safety and Environmental Enforcement, BSEE, tracks all US Gulf of Mexico production. And here is what it looks like through May in kb/d. The huge spikes downward were hurricanes in the Gulf. But the EIA is predicting an increase in GOM production. The chart below is actual crude only production as reported […]

Tech Talk – changes in South American exports

One of the large concerns that came up repeatedly over the years of discussions, both of the articles and of Drumbeat at The Oil Drum (TOD) was the subject of growth in domestic demand from some of the larger suppliers of oil and natural gas. This growth would be to the cost of the export […]

Extreme Energy Extraction Roadtrip — The Scary Ways We’re Ruining the Country to Get Fossil Fuels

The view from a Cessna reveals some dirty secrets. Flying at 2,000 feet above the forests of Appalachia I can see what the steep, tree-fringed roads fail to show: unnatural flat tops, seams of coal exposed like black-topped runways, impoundments of foul water perched above homes and schools. A naked honesty is revealed. This is […]

What Would Be the Impacts of Shutting Down All Fracking?

Hydraulic Fracturing or what some refer to as ‘fracking’ is strongly opposed by a number of individuals, organizations and politicians. Opposition to the fracking technology used to recover natural gas from shale formations is due to concerns or fear of adverse environmental impacts.  Possible environmental impacts include ground water contamination, methane greenhouse gas fugitive emissions, […]

Energy Projects Seem Less Urgent in A Post-Energy-Crisis World

Rather than being another component of an ongoing energy crisis, opposition to various energy projects points to the alleviation of a decades-long string of US energy crises. The audience for concerns about pipelines and fracking would be much smaller if oil were still at $145 per barrel and natural gas over $10 per million BTUs. […]

EIA Crude Oil Predictions in 2013

Saw this article published in the Montgomery Advertiser and written by Winston Porter, former assistant administrator of the Environmental Protection Agency. Bold mine. Support domestic oil production North American oil production grew by 1.8 million barrels per day in the last two years and the International Energy Agency expects that production to grow by another 3.9 million […]

The peak in world oil production is yet to come

World oil production stagnated between 2005 and 2007, which given rapid growth in demand from emerging economies sent oil prices shooting up. Some observers suggested that production might never rise much above the levels seen in 2005. Among those who raised this possibility, two of the more thoughtful have changed their mind. Euan Mearns last […]

North Dakota Oil Production Hits Record High

Oil production in North Dakota hit a new record high in July as oil companies brought more wells online once summer rains stopped, the state regulator said. Output in July jumped by 55,000 barrels per day from the month before, to just below 875,000 bpd, monthly data issued by the North Dakota Industrial Commission’s Oil […]

Non-OPEC Charts

This page contains a chart of Crude + Condensate of the 25 largest Non-OPEC producing nations. And all the other nations are combined under the title “Other”. I will keep this page updated every month. For the countries Norway, Mexico and the USA, I am able to gather advanced production  data. So these countries will […]

Mexico could make North America the world leader in oil production

Mexico is poised to join the North American oil revolution as a new government is moving to significantly modify 75-year-old constitutional restrictions against foreign involvement in the oil sector, allowing U.S. firms to go in for the first time and help develop the country’s sizable untapped reserves. Energy analysts are increasingly optimistic that Mexico will […]

Conservation of Water Being Addressed by Oil-Gas Industry

Water usage by the oil and gas industry has drawn the attention of just about everyone in Texas, especially because of the lack of rain during the last three years. The oil and gas industry has been concerned about water issues, too, for a variety of reasons. First, there are the costs of securing and […]

Why is Saudi Arabia Not a Threat to Fracking?

Several media outlets have recently carried a story about a prominent Saudi prince warning that Saudi Arabia is increasingly vulnerable to competition from the US shale revolution, as a result of fracking in tight/shale plays. I would turn the question around and ask why is Saudi Arabia not a threat to fracking? Note that as […]

Saudi Oil Minister Says Ready to Meet Crude Demand

The global oil market is well balanced and top exporter Saudi Arabia ready to supply whatever volume of crude is needed to meet demand, Saudi Oil Minister Ali al-Naimi said on Thursday. Saudi Arabia produced record high volumes of crude in August as it boosted output for the second time in two years to cushion […]

Chevron’s oil production, sales decline 5 %

After the publication of Caltex Australia’s half year results for 1H 2013 the media again failed to analyse where Sydney’s fuel imports will come from once its Kurnell refinery closes in 2014. Australia will have to pay high prices if it wants to attract these imports against declining sales trends in international markets. Caltex filling […]

Core Labs CEO thinks we may have arrived at peak oil

Every year in August there is a weeklong event — “The Oil & Gas Conference” in Denver, and it draws an international audience. By most accounts, EnerCom is the best on the schedule. This year 107 companies made presentations. If I were only allowed to hear one presentation and attend one breakout session, it would […]

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