Sentences with phrase «trillions of barrels of oil»

Not exact matches

Across all the sectors analyzed, Accenture predicts savings of 25 billion barrels of oil and 300 trillion liters of water.

A resource audit by McDaniel & Associates, released last month, found Calima's 55 % equity share represented a best estimate gross unrisked resource of 1.2 trillion cubic feet of gas and 63 million barrels of oil liquids.

The geophysicist at Rice University in Houston estimates we have the second - largest deposits of crude oil in the world — as much as 2.5 trillion barrels of bitumen buried in the oilsands of Alberta.

That's bad news for an industry that's seen its access to the world's 1.34 trillion barrels of recoverable oil reserves shrink to about 20 % as governments from Russia to Venezuela progressively nationalize their oil industries.

Reports suggest that this area could hold «recoverable reserves» of upwards of 48 billion barrels of oil and 141 trillion cubic feet of gas.

The bureau estimated that up to a billion barrels of oil and up to 4 trillion cubic feet of natural gas could be recovered.

The Alberta government estimates that there are 1.7 to 2.5 trillion barrels of oil trapped in the oil sands, but some industry groups and organizations dispute this claim.

In this piece, which does not include the extra heavy oil classification, they find that the Eastern Venezuelan Orinoco Oil Belt contains 2.1 trillion barrels of natural bitumen, along with 2.3 trillion barrels of natural bitumen in the western Canadian sedimentary basoil classification, they find that the Eastern Venezuelan Orinoco Oil Belt contains 2.1 trillion barrels of natural bitumen, along with 2.3 trillion barrels of natural bitumen in the western Canadian sedimentary basOil Belt contains 2.1 trillion barrels of natural bitumen, along with 2.3 trillion barrels of natural bitumen in the western Canadian sedimentary basin.

The Financial Times has calculated that the company would only be worth $ 2 trillion if the price of oil can be sustained above $ 120 a barrel.

With oil prices climbing to above $ 100 / barrel, the Arab Peninsula is currently generating export oil revenues of $ 1 trillion dollars a year.

This comes after President John Mahama said the government would, by the end of August, sign a new deal with ENI concerning the Sankofa field, to explore more than a trillion cubic feet of gas, in addition to 50,000 barrels of oil daily.

Of the trillion or so barrels of oil produced since the dawn of the Oil Age in the 19th century, a full quarter have been burned in just the first decade of the 21st centurOf the trillion or so barrels of oil produced since the dawn of the Oil Age in the 19th century, a full quarter have been burned in just the first decade of the 21st centurof oil produced since the dawn of the Oil Age in the 19th century, a full quarter have been burned in just the first decade of the 21st centuoil produced since the dawn of the Oil Age in the 19th century, a full quarter have been burned in just the first decade of the 21st centurof the Oil Age in the 19th century, a full quarter have been burned in just the first decade of the 21st centuOil Age in the 19th century, a full quarter have been burned in just the first decade of the 21st centurof the 21st century.

Yet the practice is widespread, in part because oil prices have been much higher in recent years and because it is hard to find new multimillion barrel reservoirs these days, especially in the picked over U.S. Denbury, based in Plano, Texas, controls more than 1,000 miles of CO2 pipelines and has published reserves of 17 trillion cubic feet of the greenhouse gas, used to pump more than 70,000 barrels of oil a day.

There is unexplored oil on the order of 90 billion barrels and 1.67 trillion cubic meters of natural gas, according to a U.S. Geological Survey report, but most of the natural gas lies in the Arctic Ocean closest to Russia.

And Venezuelans are beginning to excavate the solid tarry deposits of the Oronoco sludge belt, which contains as much as 1 trillion barrels of oil.

All told, companies have injected some 10.8 trillion cubic feet of the greenhouse gas since the 1970s, according to petroleum engineer R. Tim Bradley, Kinder Morgan's president of CO2, to raise the yield from oil fields by some 650,000 extra barrels a day — more than 10 percent of daily U.S. total production.

The Athabasca pits cover over 54,000 square miles in Alberta with an estimated reserve of 1.75 trillion barrels of oil - good enough for third in the world behind Saudi Arabia (1) and Venezuela (2).

If global oil consumption continues to rise at the current rate of 1.3 per cent per year, the planet's proven oil reserves of 1.332 trillion barrels are expected to run out in 2041.

USGS satellite data collected in 2008 suggests the amount of oil in the Arctic is about 90 billion barrels, worth about $ 7.2 trillion at current prices, but this was at best a «sophisticated first guess,» Verhoef says.

The region is expected to open up oil reserves of more than 30 billion barrels of oil as well as more than 200 trillion feet of natural gas, said Sen. Lisa Murkowski (R - Alaska).

Commercial oil production from the Monterey Formation is not new — more than a billion barrels of oil and four trillion cubic feet of gas have been produced from it since 1977, largely from conventional reservoirs.

«In the entire world, there are perhaps a trillion barrels (1e +12 x 5.6 e +6 = 5,600 quad) of oil left to extract — says Peter Goodchild»

Then there's well over a TRILLION barrels of recoverable shale oil, more than the world has used in all of history.

[Response: The point of that quote was not to say that all 1.7 trillion barrels should be added to economically recoverable reserves right now, but to just point out the pace of extraction technology, so taking the stance that they'll never be able to get all that oil out anyway is not a very sound position.

It's estimated that 89.9 billion barrels of oil and more than 470 trillion cubic feet of natural gas have yet to be discovered on the U.S. outer continental shelf — and past estimates have proved to be well below what ultimately was discovered by industry.

, the fossil fuel energy produced from public lands included 706 million barrels of oil, 3.8 trillion cubic feet of natural gas and 421 million tons of coal, contributing billions of tons worth of carbon pollution.

In 2014 alone, the fossil fuel energy produced from public lands included 706 million barrels of oil, 3.8 trillion cubic feet of natural gas and 421 million tons of coal, contributing billions of tons worth of carbon pollution.

The trend line is for 3.2 trillion barrels of oil equivalent (Tboe) remaining.

The U.S. Energy Information Agency (EIA) reports that over 1,300 trillion cubic feet of technically recoverable shale and tight natural gas and 89 billion barrels 9 of technically recoverable shale oil resources currently exist in discovered shale and tight sandstone plays.

The development of oil and natural gas resources in Alaska's OCS could produce almost 10 billion barrels of oil and 15 trillion cubic feet of natural gas — supporting almost 55,000 new jobs and $ 145 billion in new payroll nationally, as well as a total of $ 193 billion in government revenue through the year 2057.

The development of oil and gas resources in Alaska's OCS could produce almost 10 billion barrels of oil and 15 trillion cubic feet of natural gas — supporting almost 55,000 new jobs and $ 145 billion in new payroll nationally, as well as a total of $ 193 billion in government revenue through the year 2057.

The authors drew on available data to establish global reserves at 1,294 billion barrels of oil, 192 trillion cubic metres of gas, 728 Gt of hard coal and 276 Gt of lignite.

However, according to a report dated October 27, 2006, published by Environment News Service, the offshore and onshore oil reserves of Balochistan alone are estimated to top 6 trillion barrels.

As shown in Table 1, estimates in the updated report taken in conjunction with EIA's own assessment of resources within the United States indicate technically recoverable resources of 345 billion barrels of world shale oil resources and 7,299 trillion cubic feet of world shale gas resources.

Comparison of the 2011 and 2013 reports ARI report coverage 2011 Report 2013 Report Number of countries 32 41 Number of basins 48 95 Number of formations 69 137 Technically recoverable resources, including U.S. Shale gas (trillion cubic feet) 6,622 7,299 Shale / tight oil (billion barrels) 32 345 Note: The 2011 report did not include shale oil; however, the Annual Energy Outlook 2011 did (for only the U.S.) and is included here for completeness.

Felmy said the government estimates that 88.6 billion barrels of oil and 398.4 trillion cubic feet of natural gas have yet to be discovered on the outer continental shelf:

According to Frederic Grare, a Balochistan expert at the Carnegie Endowment for International Peace, Balochistan has an estimated 19 trillion cubic feet of natural gas reserves and six trillion barrels of oil reserves both on - shore and off - shore.»

The U.S. Geological Survey (USGS) estimates that the National Petroleum Reserve — Alaska, which encompasses about 23 million acres and is the largest single block of federally managed land in the U.S., holds 896 million barrels of oil and 53 trillion cubic feet of natural gas.

In 2014, 500,000 miles of liquid and natural gas transmission pipelines transported 16.2 billion barrels of crude oil and petroleum products and 27.3 trillion cubic feet of natural gas throughout the country at a safety rate of 99.99 percent.

Let's say we do it — drill off Virginia's coast and extract the 130 million barrels of oil and trillion cubic feet of natural gas that a federal agency estimates are ripe and ready in the Outer Continental Shelf.

ENERGY OVERVIEW Proven Oil Reserves (1 / 1 / 02E): 2.9 billion barrels Oil Production (2002E): 818,000 barrels per day (bbl / d), of which about 763,000 bbl / d was crude oil Oil Consumption (2002E): 483,000 bbl / d Net Oil Exports (2001E): 335,000 bbl / d Natural Gas Reserves (1 / 1 / 02E): 27.5 trillion cubic feet (Tcf) Natural Gas Production (2000E): 1.32 Tcf Natural Gas Consumption (2000E): 1.17 Tcf Net Natural Gas Exports (2000E): 0.15 Tcf Coal Reserves (2000E): 474 million short tons (Mmst) Coal Production (2000E): 0.33 Mmst Coal Consumption (2000E): 1.47 Mmst Electric Generation Capacity (1 / 1 / 00E): 24 gigawatts (GW) Electricity Generation (2000E): 82.8 billion kilowattthours (bkwh); conventional thermal 52 %, hydroelectricity 41 %, nuclear Oil Reserves (1 / 1 / 02E): 2.9 billion barrels Oil Production (2002E): 818,000 barrels per day (bbl / d), of which about 763,000 bbl / d was crude oil Oil Consumption (2002E): 483,000 bbl / d Net Oil Exports (2001E): 335,000 bbl / d Natural Gas Reserves (1 / 1 / 02E): 27.5 trillion cubic feet (Tcf) Natural Gas Production (2000E): 1.32 Tcf Natural Gas Consumption (2000E): 1.17 Tcf Net Natural Gas Exports (2000E): 0.15 Tcf Coal Reserves (2000E): 474 million short tons (Mmst) Coal Production (2000E): 0.33 Mmst Coal Consumption (2000E): 1.47 Mmst Electric Generation Capacity (1 / 1 / 00E): 24 gigawatts (GW) Electricity Generation (2000E): 82.8 billion kilowattthours (bkwh); conventional thermal 52 %, hydroelectricity 41 %, nuclear Oil Production (2002E): 818,000 barrels per day (bbl / d), of which about 763,000 bbl / d was crude oil Oil Consumption (2002E): 483,000 bbl / d Net Oil Exports (2001E): 335,000 bbl / d Natural Gas Reserves (1 / 1 / 02E): 27.5 trillion cubic feet (Tcf) Natural Gas Production (2000E): 1.32 Tcf Natural Gas Consumption (2000E): 1.17 Tcf Net Natural Gas Exports (2000E): 0.15 Tcf Coal Reserves (2000E): 474 million short tons (Mmst) Coal Production (2000E): 0.33 Mmst Coal Consumption (2000E): 1.47 Mmst Electric Generation Capacity (1 / 1 / 00E): 24 gigawatts (GW) Electricity Generation (2000E): 82.8 billion kilowattthours (bkwh); conventional thermal 52 %, hydroelectricity 41 %, nuclear oil Oil Consumption (2002E): 483,000 bbl / d Net Oil Exports (2001E): 335,000 bbl / d Natural Gas Reserves (1 / 1 / 02E): 27.5 trillion cubic feet (Tcf) Natural Gas Production (2000E): 1.32 Tcf Natural Gas Consumption (2000E): 1.17 Tcf Net Natural Gas Exports (2000E): 0.15 Tcf Coal Reserves (2000E): 474 million short tons (Mmst) Coal Production (2000E): 0.33 Mmst Coal Consumption (2000E): 1.47 Mmst Electric Generation Capacity (1 / 1 / 00E): 24 gigawatts (GW) Electricity Generation (2000E): 82.8 billion kilowattthours (bkwh); conventional thermal 52 %, hydroelectricity 41 %, nuclear Oil Consumption (2002E): 483,000 bbl / d Net Oil Exports (2001E): 335,000 bbl / d Natural Gas Reserves (1 / 1 / 02E): 27.5 trillion cubic feet (Tcf) Natural Gas Production (2000E): 1.32 Tcf Natural Gas Consumption (2000E): 1.17 Tcf Net Natural Gas Exports (2000E): 0.15 Tcf Coal Reserves (2000E): 474 million short tons (Mmst) Coal Production (2000E): 0.33 Mmst Coal Consumption (2000E): 1.47 Mmst Electric Generation Capacity (1 / 1 / 00E): 24 gigawatts (GW) Electricity Generation (2000E): 82.8 billion kilowattthours (bkwh); conventional thermal 52 %, hydroelectricity 41 %, nuclear Oil Exports (2001E): 335,000 bbl / d Natural Gas Reserves (1 / 1 / 02E): 27.5 trillion cubic feet (Tcf) Natural Gas Production (2000E): 1.32 Tcf Natural Gas Consumption (2000E): 1.17 Tcf Net Natural Gas Exports (2000E): 0.15 Tcf Coal Reserves (2000E): 474 million short tons (Mmst) Coal Production (2000E): 0.33 Mmst Coal Consumption (2000E): 1.47 Mmst Electric Generation Capacity (1 / 1 / 00E): 24 gigawatts (GW) Electricity Generation (2000E): 82.8 billion kilowattthours (bkwh); conventional thermal 52 %, hydroelectricity 41 %, nuclear 7 %

Hydraulic fracturing — fracking — has been successfully used for more than 60 years in this country (later refined by George Mitchell), capturing and sending to the surface more than seven billion barrels of oil and 600 trillion cubic feet of natural gas.

ENERGY OVERVIEW Energy Minister: Ernesto Martens Rebolledo Head of PEMEX: Raul Munoz Leos Proven Oil Reserves (1 / 1 / 03E): 12.6 billion barrels (see Reserves and Production) Oil Production (2002E): 3.6 million barrels per day (bbl / d), of which 3.18 million bbl / d was crude Oil Consumption (2002E): 1.93 million bbl / d Net Oil Exports (2002E): 1.68 million bbl / d Crude Oil Refining Capacity (1 / 1 / 03E): 1.7 million bbl / d Natural Gas Reserves (1 / 1 / 03E): 8.8 trillion cubic feet (Tcf)(see Reserves and Production) Natural Gas Production (2000E): 1.33 Tcf Natural Gas Consumption (2000E): 1.38 Tcf Recoverable Coal Reserves (2000E): 1.3 billion short tons Coal Production (2000E): 10.86 million short tons Coal Consumption (2000E): 13.41 million short tons Net Coal Imports (2000E): 2.55 million short tons Electric Generation Capacity (2000E): 38.9 million kilowatts Net Electricity Generation (2000E): 194.37 billion kilowatthours (bkwh); 74 % thermal, 18 % hydro, 5 % nuclear, 3 % other Net Electricity Consumption (2000E): 182.8 bkwh Net Electricity Imports (2000E): 2.07 bkwh

In a Wall Street Journal Heard on the Street column, Liam Denning writes «that surveying 37 large oil companies, Citigroup estimates as much as 40 percent of the current investment cycle — about $ 1.4 trillion — may have gone into or be going into projects that struggle to generate acceptable returns at oil prices below $ 75 a barrel.»

To get 200 ppm, or 400 GtC of carbon, or 1468 GtCO2, you would have to extract, refine, and burn about 2.4 trillion barrels of oil using today's technology.

If we all the oil locked in the tar sands (1.63 trillion barrels), the average global temperature would increase 0.4 degrees Celcius — half of what we've already seen.

If we replaced all of today's global oil production with oilsands product, it would take 80 years to produce 2.4 trillion barrels.

«In 2014, the global consumption of coal, oil and natural gas reached 8.2 billion tons, 33.6 billion barrels and 3.5 trillion cubic meters respectively, which can sustain [the world] for 110, 53 and 54 years if the current exploration intensity still maintains,» Liu said.

OPEC states that there were oil reserves of 1.1 trillion barrels in 2006, of which they control over three quarters.

Although the amount of convential oil will continue to decline, there are estimated 10 - 15 trillion barrels of oil equivalent in unconvential oil which include heavy and extra heavy crude oils and the oil shale and sand.