New Normal

• For Russia, the development of unconventional reserves is necessary to maintain its production levels of oil and gas after 2030.
• Equally impressive is the growing production of unconventional oil, which by next year will have nearly halved U.S. oil and liquid fuel imports.
• EV100 is a global initiative by The Climate Group bringing together forward-looking companies committed to accelerating the transition to electric vehicles (EVs), to make electric transport 'the new normal' by 2030.
• For the first time in three years, the Energy Information Administration (EIA) is predicting a month-to-month decline in total natural gas production from seven of the most prolific onshore U.S. unconventional plays in March, and oil production is expected to remain virtually flat.
• Brazil is expected to see production grow to 3 million b/d in 2020 from 2.7 million b/d last year, while in Argentina, rising unconventional production is offsetting conventional field declines, meaning crude output should reach 620,000 b/d in 2020, from 580,000 b/d in 2018.
• Increasing investments in the exploration of unconventional resources such as tight oil, shale gas, etc. are likely to create opportunities for the players in the hydraulic fracturing market.
• Continued growth in natural gas and petroleum exports, fueled by growing production from unconventional plays will spur US exports.
• The market payers from Anomaly Detection Market are anticipated to lucrative growth opportunities in the future with the rising demand for Anomaly Detection Market in the global market.
• The future energy mix might be based more on the exploitation of unconventional oil and gas (e.g., oil sands, shale oil, tight oil, shale gas), or more on the use of non-fossil energy sources, like renewable energy.
• The higher the oil price now, the more unconventional oil and gas is likely to leave U.S. shores in the coming years, and the more large logistics companies and others will shift to optimization technologies that will limit oil use.
• From 2025, unconventional gas is likely to become the largest source of domestic supply growth and will play a key role in improving the security of supply and mitigating import dependency.
• The United States is forecast to contribute 40% of global natural gas production by 2025 and nearly 75% of oil growth in the next six years, driven mainly by unconventional onshore supplies, the International Energy Agency (IEA) said Tuesday.
• The US Fed will be normalising monetary policy in 2018, reversing the loose, unconventional policies it has pursued since the onset of the financial crisis 10 years ago.
• Introduction of unconventional packaging methods and development of better materials are projected to be key drivers of the global market.
• Favorable outlook on exploration of unconventional resources involving shale gas specifically in U.S. and China is estimated to offer growth opportunities for key market players.
• Changing lifestyles and growing consumerism is expected to play an integral role in the development of the global market: Apart from that, the introduction of unconventional packaging methods and development of better materials are also expected to be key drivers of the global market.
• Over the next five years, industry sources forecast the need to install over 60,000 miles of new transmission pipelines globally to keep up with the demand from increased production from both unconventional and conventional oil and gas projects.
• Scotland will not exploit its unconventional oil and gas reserves following a decision by the Scottish government to ban fracking.
• The investment by Saudi Aramco in unconventional light hydrocarbon resources will reduce the Kingdom's reliance on liquid fuels for utilities and will provide petroleum feedstock for a growing petrochemical industry.
• Dynamics of unconventional oil production in Russia will depend on the state's ability to create effective stimuli for implementation of innovative technologies in oil production.
• The zero-rates environment and unorthodox monetary policies in Europe, the United States and Japan will likely reduce returns in markets globally.
• High prices could come down as production increases from US shale oil and other expected conventional and unconventional sources.

Last updated: 04 October 2020