Non-carbon energy is expected to reach or exceed 10% of global primary energy demand for the first time ever in full-year 2020, according to new analysis by IHS Markit’s Jim Burkhard, head of oil markets, energy and mobility. Non-carbon refers to wind, solar, geothermal, hydroelectric and nuclear power. Non-carbon energy’s share of global energy demand…
Articles from IHS
Total Canadian oilsands production is projected to approach 4 million b/d by 2030, nearly 1 million b/d more than current output, though the rate of growth is set to slow compared to previous years, according to a new 10-year production forecast published by IHS Markit.
Prospects for a wide variety of chemical manufacturing in the Appalachian Basin are robust as methane, propane and butane production is expected to continue increasing in the Marcellus and Utica shales in the coming years, according to a study released last week by IHS Markit.
U.S. imports of Canadian heavy crude oil are expected to increase over the next two years, but the pace of oilsands growth in Canada is also expected to slow because the declining number of projects under active development, according to IHS Markit.
Oil and natural gas production specialization, i.e. focusing on one area or play, is enabling operators in North America’s onshore to achieve more efficiencies and improve financial results, but the strategy over the longer term could in fact create significant risk from market volatility.
The prolific Permian Basin, the mature super basin that extends from West Texas into southeastern New Mexico, should reach an oil production record this year of 815 million bbl-plus, far exceeding the previous peak of 790 million bbl set in 1973, according to IHS Markit.
Hurricane Harvey’s flooding rains sharply reduced domestic and in turn global petrochemical production of linear alpha olefins (LAO), and operators still are scrambling to make up for the shortfall, according to IHS Markit.
Oil-weighted exploration and production (E&P) companies operating in the prolific Permian Basin have 65% of their output hedged at an average strike price of $50/bbl, which supports aggressive drilling targets this year, according to IHS Markit.