Energize Weekly, October 17, 2018 U.S. crude oil exports surged in the first half of 2018 as the use of the largest supertankers grew dramatically. Crude oil overtook hydrocarbon gas liquids as the biggest U.S. petroleum export product. The 1.8 million barrels a day exported was 80 percent more than the first half of 2017,…
Energize Weekly, October 3, 2018 The market for liquefied natural gas (LNG) is poised to set a record in 2018, spurred by Asian imports, according to a Bloomberg New Energy Finance analysis. Demand is projected to grow 308 million metric tons per annum (MMtpa) in 2018, up 8.5 percent from 2017. “The rate of growth…
Energize Weekly, September 19, 2018 Demand for fossil fuels will peak in the 2020s, as market competition, technological innovation and shifts in energy transform the market and create financial risk, according to a Carbon Tracker analysis. The projections by the London-based energy think tank are aggressively predicting a peak at least a decade ahead of…
Energize Weekly, September 5, 2018 Capital investment in the oil and gas industry grew rapidly after 2006 but has shown itself to be more volatile than overall capital investment, creating both a boon and a potential bane for the economy, according to an analysis by the Federal Reserve Bank of Kansas City. From 2006 to…
Energize Weekly, August 29, 2018 The increased drilling of longer horizontal wells in shale oil and gas formations is fueling an escalating demand for the sand used to keep open fissures in rock after it has been fracked, leading to a $6 billion market by 2023, according to energy consultant IHS Markit. The market for…
Energize Weekly, August 29, 2018 Water demand for fracking and the flowback and produced water from fracked wells has soared with the amount of water being used up as much as 770 percent and flowback volumes increasing up to 1,440 percent in six years, according to a Duke University study. The increased water use and…
Energize Weekly, August 8, 2018 Ethanol fuel production capacity rose an estimated 5 percent in 2017 to 16 billion barrels a year as the Trump administration continues to try to strike a comprise between the refiners and agricultural interests on ethanol-treated gasoline. Between the beginning of 2018 and the start of 2017, recorded ethanol production…
Energize Weekly, July 11, 2018 Venezuelan oil production is increasing, being held up by its joint ventures with foreign oil companies from Russia, China and the U.S. Even with that, production and exports have plummeted, according to an assessment by the U.S. Energy Information Administration (EIA). Output has been falling since a peak in the…
Energize Weekly, June 27, 2018 The leak rate of methane emissions from oil and gas operations is about 60 percent higher than federal estimates, according to a study published June 22 in Science magazine. The findings are based on measurements taken at more than 400 well pads in six basins and midstream facilities, as well…
Energize Weekly, June 20, 2018 The International Energy Agency (IEA) has trimmed its forecast for the increase in world oil demand for 2018 to 1.4 million barrels a day as supply, economic and price uncertainties could still roil the global market. “Rapidly rising prices in recent months have raised doubts about the strength of demand…
Energize Weekly, June 20, 2018 Energy consumption grew worldwide 2.2 percent in 2017, about an 80 percent increase year-over-year, and the fastest growth in four years as emission of the greenhouse gas, carbon dioxide also rose for the first time since 2014. Consumption of natural gas and oil rose, and for the first time in…
Energize Weekly, June 13, 2018 Oil companies have cut the costs of shale drilling, leading to the resurgence of activity even without oil prices rebounding to pre-recession levels, though some of the high-priced plays are vulnerable to market forces, according to Bloomberg New Energy Finance (BNEF). The key to the shale boom has been improved…
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