Your Feedback

Fossil Fuel

Canada oil sands 2024 Q1. Quarterly Results

09.06.2024

Aenert news. Energy CompaniesCanada has immense oil reserves, with volumes well over 160 billion barrels. However, more than 95% of this volume comes from oil sands, which are a special type of unconventional oil that are the extremely difficult to extract and further refine. Canada is the absolute leader in the extraction and processing of oil sands, successfully competing with other...

US shale gas and tight oil production: 2024 Q1

31.05.2024

Aenert news. Energy CompaniesOil and gas production from low-permeability plays requires solving of complex engineering challenges and additional investments compared to conventional oil and gas production. Unconventional hydrocarbon production represents one of the most expensive and technologically complex options for oil and gas production. Therefore, statistical data about this process can...

Halliburton, Schlumberger, Baker Hughes. 2024Q1 Production activity results

27.05.2024

Aenert news. Energy CompaniesFossil resources are still the main source of primary energy. However, in the overall structure of hydrocarbon reserves,  unconventional oil, shale gas, coal bed methane, associated gas, oil from low-permeability reservoirs, etc. play an increasingly important role. The development of these reserves requires complex modern technologies, including effective...

Oil and petroleum products in the EU: Russia is still the main oil importer

19.04.2024

Aenert news. Energy Market & Energy StatisticsEurostat published the statistical overview on crude oil and petroleum products covering the period between 1990 and 2022. Looking at the EU oil consumption trends shown in the table below, there has been a decrease in oil consumption, with an overall decline of approximately 17% over the last 20 years (2002-2022). During this period, the lowest...

US shale oil basins

US shale gas and tight oil production: 2023 Q4

10.03.2024

Aenert news. Energy CompaniesThe development and subsequent industrial development of shale gas and tight oil production technologies, which was carried out at the beginning of this century in the USA, made significant changes to the oil and gas balance at the global level. Today, of the approximately 13 million Barrels per Day of oil produced in the United States, more than 60% is tight oil....

Suncor Energy Inc., Imperial Oil Limited, Сenovus Energy Inc. 2023Q4 Production activity results

25.02.2024

Aenert news. Energy CompaniesCanadian oil industry and the financial position of the most significant companies are of practical interest as one of the indicators of the state of the world oil market. Canada has huge oil reserves, most of which are hard-to-recover oil sands. The extraction and subsequent processing of this oil requires additional technological and financial costs. Simple...

Suncor Energy Inc., Imperial Oil Limited, Сenovus Energy Inc. 2023Q3 Production activity results

30.12.2023

Aenert news. Energy CompaniesCanada is one of the five largest oil producing countries in the world, if we consider production of synthetic crude oil, which is a product of enrichment of oil sands. At the same time, oil sands form the basis of Canada's vast oil reserves, which exceed 160 billion barrels. This significantly increases the operating costs as compared to conventional oil...

US shale gas and tight oil production: 2023 Q3

10.12.2023

Aenert news. Energy CompaniesHydrocarbon production in the United States continues to grow strongly. In September 2023, new historical records for daily natural gas and crude oil production were achieved. For natural gas, the maximum daily production is now 125.078 Million Cubic Feet per Day, and for crude oil - 13.236 thousand barrels per Day. To understand the uniqueness of this fact, let us...

Oil stocks statistics: Germany has the largest emergency and commercial oil stocks in the EU

23.10.2023

Aenert news. Energy Market & Energy StatisticsEurostat presented data on emergency and commercial oil stocks in the European Union, the availability of which is of great importance for energy security, given the EU's dependence on crude oil and petroleum products imports in the current geopolitical instability. In general, statistics show that emergency oil stocks in the EU are at a higher level than before...

Suncor Energy Inc., Imperial Oil Limited, Genovus Energy Inc. 2023Q2 Production activity results

09.10.2023

Aenert news. Energy CompaniesData on the production of bituminous oil and the production of synthetic products from it are an important indicator of the state of the global oil market as a whole. Canada is the absolute leader in the extraction and processing of oil sands, successfully competing with other producers. It should be taken into account that the costs of developing heavy and...