BaseX Holding, Miami, FL (2026)

03/29/2019

ᴇʟᴇᴄᴛʀɪᴄ ɢᴇɴᴇʀᴀᴛᴏʀ ᴡɪᴛʜ ᴛʀᴀɴsғᴇʀ ʙᴏᴀʀᴅ.
ᴀᴠᴀɪʟᴀʙʟᴇ
•ᴡᴇ ʜᴀᴠᴇ ᴅɪғᴇʀᴇɴᴛ ʙʀᴀɴᴅ ᴀɴᴅ ᴄᴀᴘᴀᴄɪᴛʏ. sᴇɴᴅ ᴜs ᴀɴ ᴇᴍᴀɪʟ•

03/29/2019

ᴇʟᴇᴄᴛʀɪᴄ ɢᴇɴᴇʀᴀᴛᴏʀ ᴡɪᴛʜ ᴛʀᴀɴsғᴇʀ ʙᴏᴀʀᴅ.
ᴀᴠᴀɪʟᴀʙʟᴇ ɪɴғᴏʀᴍᴀᴛɪᴏɴ
•ᴡᴇ ʜᴀᴠᴇ ᴅɪғᴇʀᴇɴᴛ ʙʀᴀɴᴅ ᴀɴᴅ ᴄᴀᴘᴀᴄɪᴛʏ. sᴇɴᴅ ᴜs ᴀɴ ᴇᴍᴀɪʟ•

05/21/2018

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And now? What will be the next step for the international community? Let's keep talking ? .

Credit: Bloomberg

05/12/2018

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What is peak oil? And what will happen to the industry if we reach it?

From _ For much of the last century, observers of the oil industry have debated when or if we might reach so-called peak oil — the point when the maximum rate of petroleum extraction is achieved.

Reasons for this peak have changed over the years, from production driven by supply, to production driven by demand. Most recently, BP has predicted that oil demand will peak by the late 2030s.

What is peak oil?

M King Hubbert, the geologist who first formalised the theory of peak oil in 1956, thought that oil production by the US would reach its pinnacle around 1970. For Hubbert, peak oil was predominately a supply issue, and he thought that given that the amount of oil under the ground in any region was finite, and that the discovery of new sources of oil must decrease over time, so too must possible extraction.

US oil production did reach a high point between 1965 and 1970, but the inevitable decline that Hubbert predicted failed to happen. Improvements in extraction technology and discoveries of previously unknown sources of oil have allowed production to remain high. Earlier this year, US oil production topped 10 mbd, the highest level seen since 1970.

Will we reach peak oil supply?

These days, it is generally believed that supply issues will not cause oil production to reach a peak. Anna Belova is a senior oil & gas analyst for GlobalData. She says: "While the supply of oil is indeed finite, I do not believe we would come close to approaching the supply limits in the next century.

The industry stills sees significant discoveries of conventional oil and even the opening of new oil producing regions, like pre-salt Brazil, offshore Guyana, and Arctic Russia.

Deepwater and ultra-deepwater costs have been reduced significantly from their peaks and such resources will drive a higher fraction of new production globally.

Furthermore, the technological innovations for oil extraction from very low permeability rocks and from narrow zones, which propelled the US to set record production levels over the past decade, are yet to be widely implemented