http://ebassi.com/ – SSI is a service organization dedicated to supporting and developing the oil and gas industry’s most sophisticated accounting solutions. SSI Energy management System is the general trade name for a line of software products specifically designed for oil & gas exploration, production, drilling, and investment companies with additional functionality for oilfield service and supply companies. – http://ebassi.com/
Duration : 0:3:16
Growing up in and around Texas oilfields, this topic holds a special interest for me.
(from “The Faces of the Earth” series: Building the Planet)
Duration : 0:9:55
Jan. 29 (Bloomberg) — Pavel Molchanov, an analyst at Raymond James & Associates, talks with Bloombergs Julie Hyman and Mark Crumpton about the outlook for Chevron Corp. after it said fourth-quarter net income dropped 37 percent as slumping demand for diesel and gasoline outweighed gains from oil production and prices.
Molchanov also discusses prospects for the company’s refineries and the outlook for Exxon Mobil Corp.’s earnings. (Source: Bloomberg)
Duration : 0:4:42
Many petroleum experts predict that world oil production will peak by the end of the decade. Will the United States soon be entering a period of worsening energy shortages and soaring energy costs? And, if so, what should the government to do about it? Or will the ever-improving technological efficiencies of the free market provide access to virtually endless sources of new energy? Peter Robinson speaks with Peter Huber and Jonathan Koomey.
Duration : 0:26:48
Article: http://www.dailytech.com/Geologists+Find+90+Billion+New+Barrels+of+Oil+in+Arctic/article12481.htm
Race to claim begins
The Arctic may hold far more oil than previously thought; as much as 90 billion undiscovered barrels according to a new study released today by the US Geological Survey. The new amount, equivalent to nearly 20 years of US foreign oil imports, is worth over $11 trillion dollars at current oil prices . One third of the amount may lie in Alaska alone, according to the study’s authors.
The region also holds nearly 1,700 trillion cubic feet of natural gas, 27% of known world gas reserves. Counting known deposits already surveyed, total oil and gas deposits in the Arctic are more than 410 billion barrels.
The study, known as CARA — Circum-Arctic Resource Appraisal — included only those deposits that could be tapped with current technology. Future advances would likely boost the number further. Researchers in Denmark, Greenland, Canada, and Norway contributed data to the study.
According to project chief, Donald Gautier, “The extensive Arctic continental shelves may constitute the geographically largest unexplored prospective area for petroleum remaining on Earth.”
A geopolitical scramble for the resources is beginning. Russia has taken steps to secure rights to the region, last year sending a nuclear-powered ship to map a possible undersea connection between Siberia and the North Pole. This would allow the nation a rationale to circumvent the UN 200-mile limit of offshore resource claims.
Seven other nations have claims for the area, including Norway, Sweden, Canada, and the U.S. Earlier this month, Canadian Prime Minister Stephen Harper said the nation intends to “defend” its sovereignty in the Arctic, backing up the statement with a plan to divert 8 military patrol ships to the region, along with a new deep-water port.
http://thesenatorhillary.blogspot.com
Duration : 0:2:11
Gas prices are rising, demand for oil is rising, and yet oil production stopped rising over three years ago. Peak oil may be here, and it’s taking us unprepared.
How long can this oil production level be maintained? When will the decline in oil supply begin? How will that impact already rising gasoline prices, oil prices, food prices and the struggling state of the world economy?
The International Conference on Peak Oil and Climate Change: Paths to Sustainability explores the root cause of rising gas prices, global warming, biodiversity loss and other indicators of global unsustainability.
With high powered, international speakers and authors including Richard Heinberg, Dr. David Goodstein, Megan Quinn Bachman, Julian Darley, Stephanie Mills and Pat Murphy, the uncertainties of energy and climate will be illuminated in this first-of-its-kind international conference.
The event begins with an in-depth scientifically-rigorous overview of the global issues of peak oil, climate change, environmental degradation, biodiversity loss, and population growth and how these are impacting individuals, businesses, nations, the environment and the world.
Participants then focus on the concepts of sustainability and the associated value systems and cultural visions. A spectrum of breakout seminar presentations led by professionals and experts help individuals, businesses, governments and communities move towards a vision of local cultures of sustainability.
Join with a broad array of professionals, politicians, business leaders, and concerned citizens for this unique high-level international conference that explores the causes of global problems and proposes solutions to move humanity toward lasting paths of sustainability.
Duration : 0:0:25
The reality of oil depletion is undeniable. Volumes of publicly available data, collected over many decades, demonstrate that the world may have reached the point of maximum oil production. Despite the clarity of the facts and data, leaders in government, industry, and business are reluctant to articulate and address the enormous challenges that a declining oil supply will have on the world economy – and the urgent steps that should be taken to mitigate shortages of our most valuable energy source. This video features industry veterans Sadad al-Husseini, Jeremy Gilbert, Jeremy Leggett, and Chris Skrebowski, who discuss why governments and business are reluctant to face up to the realities of peak oil.
Duration : 0:7:15
Four leading petroleum industry experts discuss the major production challenges posed by peak oil. While new fields are being discovered, the steady pace of depletion, a growing world population, and diminished investment in new exploration and production point to a constrained world oil supply in the next few years. This video features Sadad al-Husseini, Jeremy Gilbert, Jeremy Leggett, and Chris Skrebowski.
Duration : 0:7:2
http://www.EnergyTomorrow.org Crude oil is not ready for consumption right after it is extracted. It takes a complex refining process to transform crude oil into a usable substance for fuels and manufacturing products. Visit http://www.EnergyTomorrow.org to learn more about the refining process.
Duration : 0:1:1
http://www.EnergyTomorrow.org See how the oil and natural gas industry uses technology to extract oil from harsh environments to provide America with the energy it needs.
Visit http://www.EnergyTomorrow.org to learn more.
Duration : 0:1:19