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Global Archive
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Royal Dutch Shell’s upstream earnings peaked 2008, now in the red
Posted on October 16, 2016 | No CommentsShell’s upstream earnings1) were in the red since the 1st quarter of 2015 according to first half 2016 reports. Earnings peaked at US$ 6 bn in the 2nd quarter of […] -
Australian public broadcaster a true believer in US shale oil supremacy
Posted on September 27, 2016 | No CommentsIn yesterday’s 7 pm news ABC TV business presenter Alan Kohler got carried away with the news that the US drilling rig count increased by 2 rigs in the last […] -
Incremental crude production update August 2016
Posted on September 11, 2016 | No CommentsOPEC Fig 1: OPEC’s incremental crude oil production Incremental production for each country is the production above the minimum production for the period Jan 2000 – May 2016 (the latest […] -
Oil reserves and resources as function of oil price
Posted on August 19, 2016 | No CommentsBP Statistical Review: proved reserves not so proven We start with what most people will do, the BP Statistical Review (latest version June 2016). The review’s Excel file contains a […] -
Peak Oil in Asia and oil import trends (part 2)
Posted on June 25, 2016 | No CommentsWe pick up the question from part 1: Fig 11: Homework for governments Let’s have a look where all the net imports into Asia have come from in the past: […] -
World outside US and Canada doesn’t produce more crude oil than in 2005
Posted on February 14, 2016 | No CommentsAfter a delay of several months the US Energy Information Administration has published the latest international energy statistics for October 2015 This is an opportunity to update crude oil graphs […] -
IEA in Davos 2016 warns of higher oil prices in a few years’ time
Posted on February 9, 2016 | No CommentsWorld Economic Forum The Transformation of Energy Fig 1: WEF energy panellists 22/1/2016 From right to left: moderator Daniel Yergin (IHS), Fatih Birol (IEA), Hiroaki Nakanishi (Hitachi), Ignacio Sánchez (Iberdrola), […] -
Fireworks calendar 2015
Posted on December 30, 2015 | No CommentsJanuary Bush fires in Adelaide, Australia February Explosion in Kobani, Syria March Great Prophet 9 war games in Straits of Hormuz April Hanging tracks blasted over culvert washout on substandard […] -
Where actually is that much-hyped global oil glut?
Posted on December 29, 2015 | No CommentsThe media is full with news that there is a global oil glut. There are now more than 3bn barrels of excess oil in the world 13/11/2015 http://www.telegraph.co.uk/finance/oilprices/11993687/There-are-now-more-than-3bn-barrels-of-excess-oil-in-the-world.html Record oil […] -
Asia depends on Middle East for 66 % of its oil imports
Posted on July 1, 2015 | No CommentsThis post uses data from the inter area oil movement section of the BP Statistical Review published in June 2015. It is a continuation of an earlier post on Asian […]