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Big Oil Betting On Electric Vehicles

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “demand will flatten out,” after 2030, ...

Oilprice Staff


Posted 3 years agoOpinion > oilpriceelectric motorTotal

"Dirty, Difficult, And Dangerous": Why Millennials Won't Work In Oil

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials. But unlike any other industry, oil and gas is facing more challenges in persuading the environmentally-conscious Millennials that oil is "coo ...

Oilprice Staff


Posted 2 years agoOpinion > oil price

This Oil Price Rally Has Reached Its Limit

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just a month ago, and the market is on the upswing. However, the rally could run out of steam in the not-so-distant future, a familiar result for ...

Oilprice Staff


Posted 2 years agoOpinion > oilprice

Industry Leading Reserves Management Software Company Releases New ‘Out of the Box’ Version of Their Application

aclaro softworks inc. to exhibit new software at NAPE Summit February 16 to 17, 2017 FOR IMMEDIATE RELEASE February 13, 2017 Houston, U.S. & Calgary, Canada – aclaro softworks inc. is excited to announce the release of a pre-configured version of their industry leading petroLook Reserves platfor ...

aclaro softworks inc. - aclaro softworks inc.


Posted 3 years agoPress > ReservesReserves ManagementNAPE Summit

Shell calls for students to enter a global contest

Shell Ideas360 challenges students to create innovations that will tackle some of the planet's biggest challenges: global access to energy, food and water Entrants could win a National Geographic exploration adventure Studies show employers want to recruit graduates with experience in big think ...

OilVoice Press - OilVoice


Posted 3 years agoPress > Shell

What could $65/b WTI mean for oil production in the Permian?

Clearly, the alleged deal between OPEC members and other cooperative nations has generated a fair amount of optimism among market participants. However, given so many unknowns and the near term mentality of the agreement, what the future may hold with respect to production and prices is, to say the ...

OilVoice Press - OilVoice


Posted 3 years agoOpinion > oil priceOPECPermian

ExxonMobil’s Energy Outlook Projects Population, Economic Growth to Drive Energy Demand

Global population growth of nearly 2 billion, a doubling of worldwide economic output and rapid expansion of the middle class in emerging economies are all expected to contribute to energy demand growth of about 25 percent from 2015 to 2040, according to ExxonMobil's 2017 Outlook for Energy: A View ...

OilVoice Press - OilVoice


Posted 3 years agoPress > ExxonMobilEnergy OutlookUSA

Total makes $207 million investment in Tellurian to develop integrated gas project

Tellurian Investments Inc. (“Tellurian”) and Total announce today that Total is acquiring approximately 23% of Tellurian at $5.85 per share for an amount of 207 million dollars to develop an integrated gas project, from the acquisition of competitive gas production in the US to the delivery of LNG t ...

OilVoice Press - OilVoice


Posted 3 years agoPress > TotalTellurian Investmentsgas

Has tight oil put ‘peak oil’ to rest? Not so fast: Fuel for Thought

Eighteen years ago, the International Energy Agency made an alarming and, by its own admission, controversial prediction. Global conventional oil output would peak well before 2020, it said, based on global oil reserve modeling of the day. Pondering the potential repercussions of Peak Oil for the f ...

OilVoice Press - OilVoice


Posted 3 years agoOpinion > Tight OilPeak OilPlatts

Crude oil prices increased in 2016, still below 2015 averages

Source: U.S. Energy Information Administration, based on Thompson Reuters Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/b—down $5/b from 2015—the WTI price ended 2016 at $53/b, $16/b higher th ...

OilVoice Press - OilVoice


Posted 3 years agoPress > Energy Information Administration EIAoil price

Rethinking the WTI/gold ratio as oil fundamentals change

Maybe it's time to scrap these oil vs. gold comparisons. It's possible the historic relationship has collapsed into a new normal, and anybody trading an arbitrage expecting a return to the old norm might have a long, long wait. We first took a year-end look at the spread between oil and gold severa ...

OilVoice Press - OilVoice


Posted 3 years agoOpinion > PlattsGoldWTI +1

DW Monday: Obama’s Legacy

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry. While many in the business have been vocal critics of the 44 th President and some of his more controversial legislations, there have been a number of positive aspects that occurred u ...

OilVoice Press - OilVoice


Posted 3 years agoOpinion > DW MondayObamaDonald Trump

ExxonMobil to Acquire Companies Doubling Permian Basin Resource to 6 Billion Barrels

Companies' assets include 250,000 acres in highly prolific Permian Basin Adds more than 3.4 billion barrels of oil equivalent, of which 75 percent is liquids Upfront acquisition cost of $5.6 billion to be paid in ExxonMobil shares Exxon Mobil Corporation (NYSE:XOM) said today it will more than ...

OilVoice Press - OilVoice


Posted 3 years agoPress > ExxonMobilPermian Basin

With low oil prices in 2016, federal revenues from energy on federal lands again declined

Source: U.S. Energy Information Administration, based on Office of Natural Resources Revenue In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American I ...

OilVoice Press - OilVoice


Posted 3 years agoPress > Energy Information Administration EIAoil price

Strategic Petroleum Reserve sales expected to start this month

Source: U.S. Energy Information Administration, based on Strategic Petroleum Reserve Note: Volumes sold under the Bipartisan Budget Act of 2015 Section 404 are estimates based on an assumption of $50 per barrel. Yesterday the U.S. Department of Energy's (DOE) Office of Fossil Energy awarded c ...

OilVoice Press - OilVoice


Posted 3 years agoPress > Energy Information Administration EIA
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