Fossil fuels: oil, gas, coal, nuclear (fission and fusion)Oil: when there are more, there are still

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C moa
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Re: Oil: when there are more, there are still

Unread Messageby C moa » 16/07/17, 16:49

Hi all,
As some already know, I am an oil tanker (even if it's 2 years now that I quit the profession). I have also worked on Girassol and Dalia in Angola, which some of them have quoted above.

I would like to give you some additional information:
1) there is much more carbon (no matter what its shape) in the basement than what our atmosphere can bear. This is estimated between 5 and 10 times.
2) we are in a period of crisis since 2014 and under investment since. However, discoveries are still made but will not be able to compensate for the natural declines in production which are faster than the decline in consumption. The awakening is going to be painful and everyone will criticize the super profits of the oil tankers, forgetting that it is increasingly expensive and difficult to get it.
3) it is increasingly difficult to exploit, for comparison, before 1950, one would recover 110 barrels per barrel invested today, one is rather to 10 for 1 and in some cases to 4 for 1 (oil sands for example). If price and profitability are there, there is no reason why oil tankers should not seek new reserves.
4) France consumes 1,5 mbeopd per day ... One begins when to reduce our consumption ??

PS: oil tankers started a while ago to invest in renewable and beautiful companies would have disappeared without their intervention.

Good Sunday to all
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Re: Oil: when there are more, there are still

Unread Messageby moinsdewatt » 13/11/17, 20:30

Mexico: discovery of a major oil and gas field

AFP publishes 03 Nov 2017

Mexican President Enrique Peña Nieto announced Friday the discovery of an "important" oil and gas field in the state of Veracruz, in the east of the country.

This deposit would contain reserves estimated at 1,5 billion barrels of crude oil and would be the "most important discovery of the last fifteen years" onshore (on land) for the public company Pemexsaid Peña Nieto at a public meeting.

The extraction should be done "in a relatively short time and at a low cost" because the deposit is close to existing Pemex infrastructure, according to the Mexican president.

This discovery comes as oil giant production fell in the third quarter to 1,8 million barrels a day, a decline of 12% compared to the level of the same period of 2016.

The company Pemex which generates about 16% of the revenues of the Mexican state, recorded a net loss of 5,3 billion dollars in the third quarter, mainly because of the impact of natural disasters on its production in September.

https://www.connaissancedesenergies.org ... gaz-171103


...........
The Ixachi-1 72 miles (45 miles) south of the port of Veracruz is believed to contain 1.5 billion barrels of oil in place, or about 350 million in proven, probable and possible reserves.

Production of light oil and wet gas could start "in a year, the end of 2018 or 2019", Pemex Chief Executive Officer Jose Antonio Anaya Gonzalez said Friday in a phone interview. "It is a lot of infrastructure that will help to develop the field."
..............
Gonzalez Anaya, according to Gonzalez Anaya. "First we have to start with a plan for development before we know how much it's going to cost," he said. 'There's a lot of work to do.'

https://www.bloomberg.com/news/articles ... cruz-state
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Re: Oil: when there are more, there are still

Unread Messageby sen-no-sen » 13/11/17, 21:02

Whatever the dimension of the deposit it will not change much at the inevitable coming of the PAO (Peak all oil) or "all oil peak" (period 2015 / 2025).
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Re: Oil: when there are more, there are still

Unread Messageby Bardal » 14/11/17, 07:45

sen-no-sen wrote:Whatever the dimension of the deposit it will not change much at the inevitable coming of the PAO (Peak all oil) or "all oil peak" (period 2015 / 2025).


Yes, without a doubt, it's mathematically unstoppable ...

But if the Peak Oil is reached one day, being imposed by the laws of the market facing the laws of physics, it is clear that it will be too late to reverse the runaway of the Earth thermal machine.

What is on the agenda now is to leave buried most of the carbon sources of energy, ie to get out of Peak Oil logic (and Peak Gas, or Coal). .. Otherwise, it will be too late ...

In theory, this is what a properly designed and applied carbon tax should aim for ... We are far from it.
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Re: Oil: when there are more, there are still

Unread Messageby dirk pitt » 14/11/17, 11:18

moinsdewatt wrote:[color = red] This deposit would contain reserves estimated at 1,5 billion barrels of crude oil and would be the "most important discovery of the last fifteen years" onshore (onshore)


Wow, 1.5Mb it's about 17 days of world oil consumption. big deal!
production being more and more difficult as recalled by CMoa above, it will no longer satisfy demand in the near future (a few years)
The problems of CO2 and global warming will then be the least of our worries about the upcoming energy crisis.
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Re: Oil: when there are more, there are still

Unread Messageby sen-no-sen » 14/11/17, 12:14

bardal wrote:What is on the agenda now is to leave buried most of the carbon sources of energy, ie to get out of Peak Oil logic (and Peak Gas, or Coal). .. Otherwise, it will be too late ...

In theory, this is what a properly designed and applied carbon tax should aim for ... We are far from it.


Too late, the Peak All OIL is now:
Image
Simulation of the global production of liquids from 1870 to 2100.

The vertical line is 2010. With this simulation, the historical maximum of production is around 2020. This date, a few years away, is now quite widely shared among the "technicians" of the oil sector (the much more optimistic forecasts are generally the result of simple trend extensions of the past, without any other form of in-depth study!), By against the debate remains lively on the height of the peak and the speed of decline after the maximum.

https://jancovici.com/transition-energetique/petrole/a-quand-le-pic-de-production-mondial-pour-le-petrole/

At more or less 5 years the peak is reached or will be reached very soon.


dirk pitt wrote:
moinsdewatt wrote:
The problems of CO2 and global warming will then be the least of our worries about the upcoming energy crisis.


Effectively!
The upcoming energy crisis should lead - as was the case with the peak oil world conventional 2005 / 2006 - an economic crisis that, given the hyper indebtedness of industrialized countries will be very detrimental to world peace.
Moreover, let it be said: the energy transition is officially aimed at limiting the future effects of global warming, but unofficially it is mainly a means (very late) to fill the fall in oil production.
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Re: Oil: when there are more, there are still

Unread Messageby dirk pitt » 14/11/17, 15:50

sen-no-sen wrote:Moreover, let it be said: the energy transition is officially aimed at limiting the future effects of global warming, but unofficially it is mainly a means (very late) to fill the fall in oil production.


not always agree with sen-no-sen, I agree with you here and it is rather rare that we hear this thesis.
the upcoming lack of oil can not be officially recognized by politicians as it is a fact. there is no solution to this lack to come.
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Re: Oil: when there are more, there are still

Unread Messageby sen-no-sen » 14/11/17, 20:29

dirk pitt wrote:
not always agree with sen-no-sen, I agree with you here and it is rather rare that we hear this thesis.
the upcoming lack of oil can not be officially recognized by politicians as it is a fact. there is no solution to this lack to come.


Let's say that there are solutions but they are hardly acceptable.
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Re: Oil: when there are more, there are still

Unread Messageby moinsdewatt » 05/01/18, 21:49

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and yet Drill baby Drill, TRUMP and his administation say it:


Paving the way for offshore oil and gas drilling, Trump sweeps (again) the Obama effect

Lena Corot the 05 / 01 / 2018 New Factory

Donald Trump paves the way for the exploitation of oil and gas off the US coast. Returning once again to the policy led by Barack Obama, Secretary of the Interior Ryan Zinke announced a new five-year national program on the management of marine energy resources allowing the offshore exploitation of oil and gas over a very large majority of coastline of the United States.

As part of a new national program on the management of marine energy resources spanning the 2019-2024 period, Secretary of the Interior Ryan Zinke announced Thursday 4 January want to allow the exploitation of oil and gas again on a vast majority of the US coastline. With this announcement, the Trump administration is still revisiting a decision by its predecessor and continues to unravel the environmental policy of Barack Obama. The United States wants to allow the exploitation of oil and offshore gas on 90% of US coastal waters, which would contain 98% of the still unexploited resources in oil and gas located in the federal field, says the Secretary of the Interior in a statement. By comparison, the current law excludes 94% of these coastal waters from drilling, says the Secretary of the Interior.

Ryan Zinke adds that this initial proposal includes 47 licenses spread across 25's 26 zones planned for offshore oil and gas exploration-production. 19 licenses would be granted off the coast of Alaska, 7 in the Pacific region, 12 in the Gulf of Mexico and 9 in the Atlantic region, details the release. This new program therefore plans to grant the largest number of offshore licenses in the history of the United States, says the government.

An initial proposal open for discussion

But this is only an initial proposal to clarify the Trump administration. This program is open for discussion. Local and federal authorities, agencies and civil society will have a say before the final decision is expected in the coming months, said Ryan Zinke. This public consultation is a crucial step in the process, says the government

"The important thing is to find the right balance between the protection of the coastline and people and the energy self-sufficiency of the United States," says Ryan Zinke. It is not because an area is currently in this project that it will ultimately be in the final program open to licensing. Already on the assault of the Clean Power Plan of Barack Obama, Donald Trump signed last March a decree on "energy independence" of the United States to dismantle the rules enacted by his predecessor in order to achieve energy independence of the country . Once again, the Trump government is returning to the policy of its predecessor to achieve this goal.

States opposed to offshore exploitation

Federal states have already reacted. On the west coast, governors of California, Oregon and Washington oppose this program. In a joint statement, they say, "This political decision to open the Pacific Rim, which is beautiful and quiet, to the offshore oil and gas exploitation faces a decade of opposition from [their three states], Republicans and Democrats alike ".

Rick Scott, Florida Governor, also reiterated his opposition to drilling off his state. "I immediately asked to meet with Secretary Ryan Zinke to discuss the concerns raised by this project and the need to remove Florida from the list," he said in a statement. Once again, Donald Trump's project is far from unanimous. Will he consider the reactions before making the final decision?

https://www.usinenouvelle.com/article/e ... ma.N633808
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Re: Oil: when there are more, there are still

Unread Messageby moinsdewatt » 03/02/18, 20:47

Mexico: auction of 19 oilfields

AFP published on Feb 01. 2018

Mexico on Wednesday auctioned 19 deepwater oil fields in the Gulf of Mexico at the biggest auction since the country opened its energy sector to the private sector.

Nineteen oil companies participated in these eighth bids, including the French group Total, which only submitted an offer for which it was not selected. The Dutch-Dutch oil giant Royal Dutch Shell has won nine lots, four on its behalf, four in a consortium with Qatar Petroleum, and another partner with Mexican oil giant Pemex.

Pemex won four prizes, two of which were in his own name. PC Carigali, a subsidiary of the Malaysian oil giant Petronas, has won six lots, two alone and four in alliance with other companies. The deposits are all located off the state of Tamaulipas, northeastern Mexico. They have total reserves estimated at 4,2 billion barrels. Ten deposits did not find takers.

"This is another success for the oil sector in Mexico," said Deputy Minister of Hydrocarbons Aldo Flores. These awards are expected to generate an investment of 93 billion and could create 230 000 jobs during the first fifteen years, according to the minister. Production could start in 2028.

By auctioning these deposits, Mexico is seeking to counter the drop in production, which has dropped by 9,6% in 2017, according to figures from the company Pemex. Mexico competes with Brazil to attract foreign investors to its energy sector. "Brazil is very attractive to companies operating in deep waters," says Alejandra Leon, an analyst at IHS Markit.

These eighth bidding follows the energy reform launched by President Enrique Peña Nieto in 2013, which ended the state monopoly of the Mexican oil giant Pemex, almost 80 years old.

https://www.connaissancedesenergies.org ... ers-180201
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