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ExxonMobil, Georgia Tech and Imperial College London publish joint research on potential breakthrough in membrane technology for oil refining

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Scientists from ExxonMobil, the Georgia Institute of Technology and Imperial College of London have published in the journal Science joint research on potential breakthroughs in a new membrane technology that could reduce emissions and energy intensity associated with refining crude oil. —Thompson et al.

Georgia 337
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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Annual methanol consumption in China, 2000-16. The main effect of this change on the forecasted STEO liquid fuels market balances is that the higher consumption in 2014 raises the baseline to which the STEO forecast benchmarks. MTG units involve high capital costs and are only cost-competitive when oil prices are high.

2000 150
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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

Oil 150
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Critical review finds actual measurement data on segments of natural gas lifecycle sparse or lacking

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After a critical review of the literature on the air impacts of increased natural gas acquisition, processing, and use, a team of US researchers has determined that that actual measurement data on various individual segments of the natural gas life cycle are sparse or critically lacking. well production end-of-life.

Gas 218
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Study concludes abundant shale gas is neither climate hero nor villain; need for targeted GHG reduction policy

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While natural gas can reduce greenhouse emissions when it is substituted for higher-emission energy sources, abundant shale gas is not likely to substantially alter total emissions without policies targeted at greenhouse gas reduction, according to a new study by two researchers at Duke University. —Newell and Raimi.

Climate 199
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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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ExxonMobil projects that meeting future energy demand will be supported by more efficient energy-saving practices and technologies; increased use of less-carbon-intensive fuels such as natural gas, nuclear and renewables; as well as the continued development of technology advances to develop new energy sources. Source: ExxonMobil.

Oil-Sands 309
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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas.

Chicago 150