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Offshore production nearly 30% of global crude oil output in 2015

According to EIA, the global offshore oil production in 2015 was at the highest level since 2010, and accounted for nearly 30% of total global oil production. In both 2014 and 2015 offshore oil production increased, reversing consecutive annual declines from 2010 to 2013. Production from onshore tight oil plays has increased faster over the past several years and accounts for an increasing amount of total oil production.

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EIA projects rise in U.S. crude oil and liquid fuels production

The U.S. Energy Information Administration projects that U.S. petroleum and other liquid fuels production, which in addition to crude oil and condensate production includes natural gas plant liquids derived from natural gas processing as well as biofuels and volume gain at refineries, is projected to grow from 14.8 million barrels/day (b/d) in 2015 to 18.6 million b/d in 2040 in its Annual Energy Outlook 2016 (AEO2016) Reference case.

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Marine fuel choice for vessels within ECAs

  The U.S. Energy Information Administration (EIA) contracted with Leidos Corporation to analyze the impact on ocean-going vessel fuel usage of the International Convention for the Prevention of Pollution from Ships (MARPOL) emissions control areas (ECAs) in North America and the Caribbean. Total 2012 Fuel Consumed by OGV within ECAs by U.S. Census Divisions Based on Vessel Type Leidos developed a new methodology for calculating fuel consumption by ocean-going maritime vessels in the United States within emission control areas by: Establishing a fuel usage methodology baseline for ocean-going vessels by U.S. Census Division and Puerto Rico for several ship types and energy and non-energy commodities Discussing relevant MARPOL and associated U.S. Environmental Protection Agency emissions regulations and major emissions compliance strategies, including exhaust scrubber controls, fuel switching to liquefied natural gas, and engine-based controls Creating a methodology for projecting ocean-going vessel travel demand by commodity and ship type, ship efficiency, and fuel choice by various compliance choices In addition, Leidos recommended study of additional issues for future model improvements as more data become available. These include: Expanding the scope of the marine fuel estimates to include travel beyond North American and Caribbean emission control areas and Great Lakes and inland ...

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EIA: Floating LNG regasification is used in smaller markets

  According to the latest research from the US Energy Information Administration (EIA), floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built. Of four countries planning to begin importing LNG in 2015, three of them—Pakistan, Jordan, and Egypt—have chosen to do so using floating regasification rather than building full-scale onshore regasification facilities. Floating regasification involves the use of a specialized vessel called a floating storage and regasification unit (FSRU), which is capable of transporting, storing, and regasifying LNG onboard. Floating regasification also requires either an offshore terminal, which typically includes a buoy and connecting undersea pipelines to transport regasified LNG to shore, or an onshore dockside receiving terminal. An FSRU can be purpose-built or be converted from a conventional LNG vessel. Floating regasification offers a flexible, cost-effective solution for smaller or seasonal markets, and can be developed in less time than an onshore facility of comparable size. It can also serve as a temporary solution while permanent onshore facilities are constructed, and an FSRU can be redeployed elsewhere once construction is completed. There are currently 16 FSRUs functioning as both transportation and regasification vessels ...

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