Peak oil

Experts Say Copper Shaping Up to be the New Oil as Demand Soars

Retrieved on: 
Wednesday, July 28, 2021
Articles, Chemistry, Physical sciences, Chemical elements, Electrical conductors, Native element minerals, Transition metals, Low-carbon economy, Copper, Goldman Sachs, Renewable energy, Peak oil

Goldman Sachs stated copper is the most critical material in the world's path toward zero emissions.

Key Points: 
  • Goldman Sachs stated copper is the most critical material in the world's path toward zero emissions.
  • In fact, discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen, the report said.
  • Moving the global economy toward net zero emissions remain a core driver of the structural bull market in commodities demand, in which green metals - copper in particular - are critical."
  • Ripple effects into non-green channels mean the 2020s are expected to be the strongest phase of volume growth in global copper demand in history", it added.

Experts Say Copper Shaping Up to be the New Oil as Demand Soars

Retrieved on: 
Wednesday, July 28, 2021
Articles, Chemistry, Physical sciences, Chemical elements, Electrical conductors, Native element minerals, Transition metals, Low-carbon economy, Copper, Goldman Sachs, Renewable energy, Peak oil

PALM BEACH, Fla., July 28, 2021 /PRNewswire/ -- Although gold, silver and lithium are metals that get most of the press, copper is viewed by experts as one of the most important battery metals. Goldman Sachs stated copper is the most critical material in the world's path toward zero emissions. Goldman Sachs has also declared copper "the new oil" expecting copper to set an all-time high in 2022. It's been reported that Goldman Sachs has argued that the critical role copper will play in achieving the Paris climate goals cannot be understated. Without serious advancements in carbon capture and storage technology in the coming years, the entire path to net zero emissions will have to come from abatement - electrification and renewable energy. The article continued: "As the most cost-effective conductive material, copper sits at the heart of capturing, storing and transporting these new sources of energy. In fact, discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen, the report said. Moving the global economy toward net zero emissions remain a core driver of the structural bull market in commodities demand, in which green metals - copper in particular - are critical."  Active stocks in the markets this week include Pampa Metals Corp. (OTCQX: PMMCF) (CSE: PM), Teck Resources Limited (NYSE: TECK) (TSX: TECK.A), First Quantum Minerals Ltd. (OTCPK: FQVLF) (TSX: FM), Capstone Mining Corp. (OTCPK: CSFFF) (TSX: CS), Lundin Mining Corporation (OTCPK: LUNMF) (TSX: LUN).

Key Points: 
  • Goldman Sachs stated copper is the most critical material in the world's path toward zero emissions.
  • In fact, discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen, the report said.
  • Moving the global economy toward net zero emissions remain a core driver of the structural bull market in commodities demand, in which green metals - copper in particular - are critical."
  • Ripple effects into non-green channels mean the 2020s are expected to be the strongest phase of volume growth in global copper demand in history", it added.

2021 Report Covering Country Energy Forecasts for 195 Countries - ResearchAndMarkets.com

Retrieved on: 
Friday, July 16, 2021
Other Energy, Energy, Articles, Energy, Energy economics, Energy development, Energy industry, Peak oil, Energy policy, Emissions reduction, Renewable energy transition

The "195 Country Energy Forecast 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "195 Country Energy Forecast 2021" report has been added to ResearchAndMarkets.com's offering.
  • The fossil fuel prices are determined by balancing global demand and global supply over a 20 forward look.
  • This is especially important as several countries that play a significant role in the energy industry often produce values so large they are hard to report on their standard scale.
  • Being able to answer questions regarding the details of a country without physically being there is an important resource.

Canadian Oil Sands Production Exceeds Pre-Pandemic Levels, But Lingering COVID Impacts and Other Factors Trim Long-Term Growth

Retrieved on: 
Wednesday, June 23, 2021
Energy, Other Energy, Utilities, Oil, Gas, Petroleum geology, Petroleum industry, Petroleum, Economic history of Canada, Oil sands, Oil reserves in Canada, Economy of Canada, Peak oil

Canadian oil sands production has fully recovered from last years COVID-19 Shockthe largest contraction of upstream production in Canadian historyand has exceeded pre-pandemic levels.

Key Points: 
  • Canadian oil sands production has fully recovered from last years COVID-19 Shockthe largest contraction of upstream production in Canadian historyand has exceeded pre-pandemic levels.
  • However, lingering COVID impacts, pipeline constraints and uncertainties related to an accelerating energy transition have reduced the longer-term growth projection for oil sands.
  • Canadian oil sands production recovered rapidly to exceed pre-pandemic levels by the end of 2020 and the outlook for longer-term growth remains substantial, said Kevin Birn, vice president and head of Canadian oil market, IHS Markit.
  • Nevertheless, lingering impacts from the COVID-19 Shock, delays to critical transportation infrastructure, and rising energy transition pressures have trimmed that growth outlook from previous estimates.

Worldwide Thermal Enhanced Oil Recovery Industry to 2030 - Featuring Suncor, Imperial Oil and Chevron Among Others - ResearchAndMarkets.com

Retrieved on: 
Monday, June 14, 2021
Oil, Gas, Energy, Petroleum production, Enhanced oil recovery, Oil recovery, Chemistry, Peak oil, Nature, Physical sciences, Petroleum

Moreover, technological development and depleting levels of fossil fuels are expected to promote the growth of thermal enhanced oil recovery market.

Key Points: 
  • Moreover, technological development and depleting levels of fossil fuels are expected to promote the growth of thermal enhanced oil recovery market.
  • However, fluctuation in oil prices and environmental impacts are expected to hinder the growth of thermal enhanced oil recovery market.
  • Moreover, technological advancements coupled with presence of developed infrastructures are expected to fuel the growth of thermal enhanced oil recovery market.
  • Moreover, presence of large population and several oil wells across the region are also expected to promote the growth of thermal enhanced oil recovery market.

The Next Oil Boom Is Coming--and It Could Be the Last

Retrieved on: 
Monday, June 14, 2021
Price of oil, Pricing, Petroleum industry, Natural Resources, Peak oil, Energy, Petroleum politics, Petroleum

The report, titled The Last Oil Price Boom May Be in Sight , reveals how a supercycle can support the transition to low-carbon fuels and accelerate movement away from fossil fuels.

Key Points: 
  • The report, titled The Last Oil Price Boom May Be in Sight , reveals how a supercycle can support the transition to low-carbon fuels and accelerate movement away from fossil fuels.
  • With the oil market system becoming increasingly flexible, and both supply and demand more elastic than in the past, this oil boom could be the world's last.
  • Investment in oil and gas companies' upstream businesses fell by 34% in 2020 following the pandemic-induced decline in demand.
  • Consumers are also increasingly able to adjust their oil consumption in the face of higher oil prices, choosing among options that include electric vehicles and hybrid work models.

Leucrotta Exploration Announces 2020 Year-End Reserves

Retrieved on: 
Wednesday, April 28, 2021
Peak oil, Energy, Articles, Energy development, Proven reserves, Petroleum politics, Oil reserves, Hydrocarbon exploration

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Key Points: 
  • Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.
  • Reserves are classified according to the degree of certainty associated with the estimates as follows:\nProved Reserves are those reserves that can be estimated with a high degree of certainty to be recoverable.
  • It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves.\nProbable Reserves are those additional reserves that are less certain to be recovered than proved reserves.
  • The Company uses this measure to determine how long the booked reserves will last at current production rates if no further reserves were added.\n'

Oil & Gas Data Management Market: Advantages of Cost Efficiency of Cloud Services to accelerate uptake among SMEs; Market projected to rise at whopping 18.2% CAGR for 2018-2026 - TMR

Retrieved on: 
Thursday, April 8, 2021
Petroleum politics, Fuel gas, Data management, Peak oil, Computing, Data, Computer data, Big data

Data management software for oil and gas companies is a type of sophisticated software that helps them monitor and safeguard their data.

Key Points: 
  • Data management software for oil and gas companies is a type of sophisticated software that helps them monitor and safeguard their data.
  • These factors are estimated to work in favor of the global oil & gas data management market in the years to come.
  • The global oil & gas data management market is expected to be driven by the growing trend of cloud adoption in the coming years.
  • As a result, worldwide enterprise data management technology modernization is expected to fuel the global oil and gas data management market in the near future.

Global Oil and Gas CAPEX Outlook Report 2021: Growth, Trends, and Forecast 2020-2025 - Upstream Sector to Dominate the Market - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 7, 2021
Oil, Gas, Energy, Natural gas, Pricing, Liquids, Petroleum, Natural gas prices, Energy, Nature, Peak oil

The "Oil and Gas CAPEX Outlook - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oil and Gas CAPEX Outlook - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
  • The oil and gas CAPEX is expected to grow at a CAGR of more than 8.4% during the forecast period.
  • However, volatile crude oil and natural gas prices, coupled with slow economic growth at a global level are expected to restrain the oil and gas CAPEX during the forecast period.
  • As number of oil and gas projects continue to increase, the upstream capex is also expected to increase during the forecast period.

Lonestar Announces Year-End 2020 Reserves

Retrieved on: 
Tuesday, April 6, 2021
Oil, Gas, Energy, Articles, Peak oil, Energy development, Proven reserves, Nature, Petroleum, OTC Markets Group, Physical sciences

Lonestar Resources US Inc. (OTCQX: LONE) (together with its subsidiaries, "Lonestar," "our" or the "Company") announced its year-end 2020 reserves.

Key Points: 
  • Lonestar Resources US Inc. (OTCQX: LONE) (together with its subsidiaries, "Lonestar," "our" or the "Company") announced its year-end 2020 reserves.
  • By energy content, using a standard 6:1 conversion ratio, Lonestars proved reserves are weighted 74% to crude oil, condensate and NGLs.
  • Using the guidelines of the U.S. Securities and Exchange Commission (the SEC) for pricing, the PV-10 for Lonestars proved reserves was $366.0 million.
  • Lonestars proved & probable reserves included 240 drilling locations which were assigned reserves by the Companys independent petroleum engineers.