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...Peak oil is within sight and there is not much Opec+ can do about it. chris.giles@ft.com...
...The combined entity, valued at about $35bn including net debt, will have 2,000 miles of pipeline infrastructure added to EQT’s portfolio of more than 4,000 drilling locations in Pennsylvania, West Virginia...
...He tracks the number of US records and has tallied 1,180 new all-time highs since 1957, with the S&P 500 achieving that peak “on average, every 19 or 20 days”....
...At the peak of the shale boom in 2014 there were 1,609 oil rigs operating in the US....
...I mean, as we heard, there’s one side where the IEA is saying that demand is going to peak very soon. The oil companies are clearly taking a different bet....
...The world passed the peak of per capita emissions a decade ago and there is every reason to think total global emissions will peak in the 2020s. As Ritchie says, these facts are not widely known....
...The original concept of “peak oil” was that supplies of the stuff would start running out from 1970. In its new guise, “peak oil” describes the point at which demand starts dropping unstoppably....
...US onshore producers risk entrapment in a cycle of inefficient drilling, forsaking positive cash flow for greater volumes and market share....
...Overall, Petrobras plans to spend $7.5bn on exploration over the next five years drilling 50 wells, mostly in Brazilian waters....
...But for Ithaca, recovering its peak £2.5bn capitalisation remains a distant objective. Rosebank will be one of the largest undeveloped oil projects in UK waters....
...In 2023, China produced 17.7mn internal combustion engine cars, a 37 per cent fall from its prior peak in 2017, according to data from Automobility, a Shanghai consultancy....
...And so if you add on top of that accelerating increases in exports . . . that peak gets bigger and bigger with time,” said Cicio....
...A handful of gas producers indicated plans to curtail drilling programmes in recent days as weak prices put pressure on their profit margins....
...Peak production, peak growth were crazy times in North Dakota. Extremely high prices, high wages, a lot of physical activity....
...Use the filter to see how these drawdowns (total loss from peak, taking income into account) relate to yields....
...But as drilling hits a plateau, growth is decelerating. US oil output soared by more than 1mn barrels a day each year between 2012 and 2014, with production hitting a peak of 13mn in November 2019....
...Metsola, the head of the European parliament, warned this month that Brussels’ climate policies risked driving voters towards populist parties, while in the UK the government has backed new oil and gas drilling...
...Cognac is still massively dominant today, with 82% of references in 2022, only 4 %pts off its peak in 2009....
...Air traffic control staffing and capacity issues were responsible for about half the delays in July, during the peak travel period, Eurocontrol added....
...Oilfield services groups are feeling the squeeze from a slowdown in activity in the US shale patch as companies scale back on oil and gas drilling....
...The tax rate on North Sea oil and gas drillers was raised to 75 per cent last year at the peak of the energy crisis, as the government tried to raise cash to help shield households from soaring wholesale...
...Over recent years, Mewbourne has been one of the biggest contributors to growing US oil production, which hit a new record in August, surpassing its pre-Covid-19 peak....
...Output from Brazil’s other main deep-sea reserves is due to peak by the end of the decade....
...It is an audacious wager at a time when the International Energy Agency asserts that global demand for fossil fuels will peak before 2030, and must fall sharply in order to avoid the worst effects of global...
...demand could peak by 2030....
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