Shale gas and tight oil have provided a new lease on life for U.S. oil and gas production. But how sustainable is shale production in the long term given optimistic forecasts of robust production through 2050 and beyond? […]
Oil and gas companies have discovered 7.7 billion barrels of oil equivalent (boe) of conventional oil and gas year-to-date, according to Rystad Energy’s latest global discoveries report. The so-called resource replacement ratio for conventional resources now stands around 16%, meaning that only one barrel out of every six consumed is being replaced by new sources. See press release in pdf. […]
On January 15, 2019, ASPO.be launched its new website. With french and english sections. Many publications about peak oil are written in English, while many readers of ASPO.be are francophone. To avoid to our visitors the struggle to search among documents written in a langage that is not familiar to them, we divided the website into French and English sections. […]
By Matthieu Auzanneau. Publisher: Chelsea Green Publishing: In this sweeping, unabashed history of oil, Matthieu Auzanneau takes a fresh, thought-provoking look at the way oil interests have commandeered politics and economies, changed cultures, disrupted power balances across the globe, and spawned wars. He upends commonly held assumptions about key political and financial events of the past 150 years, and he […]
Guyana, Russia and the United States top the list with major discoveries. Rystad Energy expects 9.4 billion boe in conventional oil and gas for the year 2018, which constitute a replacement ratio of 15%. This ratio is low but is an improvement with respect to the 11% obtained in 2017. Read original document Pdf of the press release.