Supermajor Oil and Gas Production and CAPEX for Q2 2016

As part of my “peak supermajor” project, I discuss the oil and gas production and capital expenditure of the supermajor oil and gas companies from 1900 through the 2nd quarter of 2016.

Please leave me comments below.

Posted in Energy, Energy Company Production Data, Energy Videos Tagged with: , ,

Peak Supermajors 2Q2016 Results

Overview

Between 1999 and 2014 the liquid oil production rate for the supermajor oil and gas companies was on a steady decline. Between Q2-2014 to Q1-2016 this trend reversed, with liquids production increasing by over a million barrels per day. This increase in production has came on the heels of ever-increasing capital investment, which peaked out in Q4-2013. Since this peak, quarterly supermajor capital investment has dropped by nearly 60%. With less capital invested each quarter it is likely that the total supermajor oil production will return to its long-term downward trend.

Indeed this past quarter may have shown the beginning of the reversal. Supermajor liquids production declined by 7% quarter-over-quarter and increased by less than 1% year-over-year from Q2-2015 to Q2-2016.

Recent Supermajor Liquids Production

Recent Supermajor Liquids Production

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Posted in Energy, Energy Company Production Data, Energy Reports Tagged with: , , , , ,

Peak Supermajors 1Q2016 Results

Overview

Supermajor liquids production increased significantly year-over-year and quarter-over-quarter. This is partly due to a large increase in capital expenditures by the supermajors from 2006 to 2013. Interestingly, this large increase in capital spending has not abated the drop in natural gas production. As supermajor CAPEX spending peaked in in the 4th quarter of 2013 and has dropped by over 50% since, it seems likely that both liquids production and gas production will continue to decline from the historical peaks of 1973 and 2010, respectively.

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Posted in Energy, Energy Company Production Data, Energy Posts Tagged with: , ,

Peak Supermajors Introduction & 4Q2015 Result

Peak Supermajor Oil

Introduction

Today I would like to introduce my “Peak Supermajors” project. The goal of this project is to answer the question “when will we reach peak oil” by studying the production and financial health of the world’s largest oil companies. Because oil is a finite resource, its daily global production will eventually reach a peak. By measuring when individual oil companies reach peak oil, I hope to bring us closer to answering the question “when will we reach peak oil?”

I am beginning my project by analyzing the largest publicly-traded companies: the “supermajors“. These 5 companies – BP, Chevron, ExxonMobil, Royal Dutch Shell and Total – produce nearly 20% of the world’s oil and gas. They are mostly descendants from the original “Seven Sisters,” which themselves were largely descendants of John D. Rockefeller’s Standard Oil Company. These companies are leaders in the industry, both financially and technologically. By understanding the history of these companies and their strategy for the future, we can better understand the historical arc of the broader oil industry. As I fill out the database I plan to expand it to include data from all of the largest global oil companies.

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Posted in Energy, Energy Company Production Data, Energy Posts Tagged with: , ,

Do Aerator Shower Heads Use More Energy?

Our house had an old “high flow” shower head. As California is in the midst of an epic drought (despite all the recent rain), I was planning on installing a low flow “aerator” shower head. These shower heads mix in air with the outgoing water to lower the flow rate while theoretically not sacrificing comfort. Compared to a traditional shower head the water pressure felt is higher but the flow rate is lower, so they end up saving water.

But right as I was about to install one I heard a theory that these aerator shower heads actually end up using more energy because the mist causes the shower to feel colder, which means the user turns the hot water dial up, thereby using more hot water, which requires the hot water heater to burn more natural gas (or use more electricity, which burns more coal and natural gas) to reheat more water.

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Posted in Energy, Sustainability Tagged with:

Peak Oil + Autonomous Cars = Traffic Nightmare

How you’re going to feel once peak oil and automated cars make traffic a nightmare


Autonomous Cars
For a number of years now, high-end luxury cars have had autonomous cruise control systems that use lasers or radar to maintain a set distance to the car ahead. Earlier this month Tesla rolled out an autonomous driving mode in its electric cars that takes this a step further. Teslas will now drive themselves on a freeway, accelerate and decelerate on their own and maintain a set distance to the car in front. However, unlike other cars with autonomous cruse control, they will now also change lanes – if you click the turn signal the car will automatically check your blind spot and execute a lane change. This is just one more step toward a fully autonomous car that consumers can buy.

Some of the world’s largest tech companies are working on autonomous vehicles. Google has driven their autonomous prototype cars over a million miles, which have been completely accident-free, except for other human drivers crashing into them. Apple has also been hard at work on an autonomous, possibly electric, car of their own. In all, over 25 companies are currently developing autonomous cars.

Most industry experts believe that fully autonomous cars will be mainstream in just 5 years. Others predict that in 20 years most cars won’t have a steering wheel or pedals and in 25 years most people won’t need a drivers license.

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Posted in Energy, Energy Posts, Sustainability Tagged with: , , ,

Suspension Design: Roll Center and Turning Radius

This week I did some work to determine the roll center height of the car and decided on switching from rod end bearings to spherical bearings to improve the tilt angle, while still leaving me with a good steering radius.

 

Here’s the histogram chart of turning circles for 840 cars currently for sale in North America:

A histogram chart of the turning circles for 840 cars currently for sale in North America,

A histogram chart of the turning circles for 840 cars currently for sale in North America,

Posted in Projects, Tilting Three Wheeler Tagged with: ,

Tilting Three Wheeled Electric Car Suspension 3.0

An update on the tilting three wheeled electric car leaning suspension system. Both front and rear suspension have been updated. The front suspension now includes a rack and pinion steering system with linear actuators. The rear suspension is almost complete.

Posted in Tilting Three Wheeler Tagged with: ,

Tilting Three Wheeler Suspension 2.1

This is an update of my chassis and suspension design for my tilting three wheeled electric car. I added some linear actuators to allow the car to lean into corners and created an aluminum frame to mount the batteries and linear actuators. I also added a frame for the rack and pinion steering.

Posted in Projects, Tilting Three Wheeler Tagged with: ,

Chassis 2.1 Update

A quick update on the chassis design for the tilting three wheeled electric car.

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