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Latin American Geothermal Investments Set to Surge

Latin America holds vast untapped geothermal potential, with investments set to rise, driven by clean energy goals and lithium extraction opportunities. ....

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US set to capitalize on rising biofuel demand; production to hit 1.3 million boepd in 2035

US set to capitalize on rising biofuel demand; production to hit 1.3 million boepd in 2035
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The Oil And Gas Industry: Could They, Should They, Try To Reach Net-Zero By 2050?

Oil and gas companies are starting to pivot toward climate change, but how far should they pivot? They could diversify, or they could stay with business as usual and hope for a moonshot solution. ....

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The Energy Transition Will Require Staggering Growth in Electrification and Enabling Technologies

Rystad Energy, an independent energy research and business intelligence company that provides data, tools, analytics, and consultancy services to the global energy industry, organized and hosted the “Energy ....

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Big Oil could see proven reserves run out in less than 15 years as output is not replaced by discoveries

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Big Oil could see proven reserves run out in less than 15 years as output is not replaced by discoveries - Rystad Energy
07 May 2021
The proven oil and gas reserves of the group of major companies called Big Oil are falling at an alarming rate, as produced volumes are not being fully replaced with new discoveries. A
Rystad Energy analysis shows that Big Oil lost 15% of its stock levels in the ground last year, with remaining reserves set to run out in less than 15 years – unless the group makes more commercial discoveries, and fast.
The task is becoming more and more challenging as investments in exploration shrink and success rates slump. The declining proven reserves could create serious challenges for Big Oil (ExxonMobil, BP, Shell, Chevron, Total and Eni) to maintain stable production levels in coming years. This would in turn cause revenue to dwindle and pose a major threat to the financing of the group’s energy transition ....

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