Aenert news. Energy CompaniesIn the fourth quarter of last year, the Canadian oil industry continued its trend of achieving record production figures for both bituminous and heavy crude oil, as well as its light grades. In 2024 Q4, Heavy Crude Oil production amounted to 2.77 million barrels per day, which is 6.3% more than in the previous quarter and almost 8% more than the 2023 average....
Aenert news. Energy CompaniesIn the fourth quarter of last year, tight oil accounted for 66% of all oil produced in the United States. The average daily production for this period was 8.91 million barrels per day. This is slightly less than in the previous quarter, but 0.2 million barrels per day more than in the same quarter a year earlier. Overall, in 2024, the production of this type of oil...
Aenert news. Energy CompaniesOil and natural gas continue to form the energy basis of the modern world. The share of crude oil in primary energy production is 34%, and natural gas – 26%. Despite the high productivity of modern exploration of new deposits, the structure of extracted resources has a clear trend towards hard-to-extract hydrocarbons. In addition, deep-sea mining, horizontal...
Aenert news. Energy CompaniesCanada has huge reserves of natural petroleum raw materials, primarily in the form of tar sands, which amount to approximately 170 billion barrels. Canada is also one of the top five oil producers if you include synthetic oil obtained from tar sands. The costs of developing heavy and bituminous oil deposits are significantly higher than those for conventional oil....
Aenert news. Energy CompaniesThe current state of shale gas and tight oil production is undoubtedly a necessary indicator for assessing the outlook for the global hydrocarbon market. The United States has long been a large-scale producer of shale gas and tight oil, and today these products define the country's energy sector and are a representative example of the development of unconventional...
Aenert news. Energy CompaniesHalliburton, Schlumberger and Baker Hughes constitute a group of world leaders in the field of the latest oil and gas production technologies designed for the most complex underground reservoirs, the extraction of various types of unconventional fossil resources, and drilling in difficult offshore conditions. High demand for innovative services of service companies,...
Aenert news. Energy CompaniesCanada has huge oil reserves, the volume of which exceeds 160 billion barrels. However, the basis of these reserves is oil sands. At the same time, to obtain oil of traditional quality from this raw material, special expensive technologies are required. This significantly increases operating costs compared to the extraction of traditional oil. Therefore, the...
Aenert news. Energy CompaniesU.S. crude oil and natural gas production remained relatively strong in 2024Q2, although they did not exceed last year’s peak. According to the U.S. Energy Information Administration’s Short-Term Energy Outlook-August 2024, oil production in the second quarter of this year was 13.2 million barrels per day, up 2% from the previous quarter and nearly 3.5% from a year...
Aenert news. Energy CompaniesHalliburton, Schlumberger and Baker Hughes released their second-quarter financial statements in July. Below is a brief excerpt from those materials. Each of them specializes mainly in the development of highly efficient technologies and equipment for oil and gas exploration and production, decarbonization of the industry, as well as ensuring a sustainable energy...
Aenert news. Energy Market & Energy StatisticsEurostat published statistics on production and consumption of hard coal and brown coal in the EU. In general, over the last 30 years, a steady downward trend in coal production and consumption can be observed. Compared to 1990, hard coal production in the EU decreased from 277 to 50 million tons, a drop of 82%. Hard coal consumption was 128 million tons in...
