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Petrobras CEO says company will grow production to 5.7 mboe/day by 2020

Green Car Congress

Speaking at the Offshore Technology Conference (OTC) in Houston , Petrobras CEO Maria das Graças Silva Foster said that the Brazilian oil and gas company’s reserves will double in size by 2020. million barrels of oil equivalent (oil and natural gas) per day in 2012, is expected to reach 5.7 per year since 2000 and reached US$42.9

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UPS to purchase ~700 LNG trucks, build 4 refueling stations by end of 2014

Green Car Congress

UPS plans to purchase approximately 700 liquefied natural gas (LNG) trucks and to build four refueling stations by the end of 2014. An initial investment of more than $18 million to build fueling stations will be supported by the purchase of the 700 LNG tractors and continued expansion of the natural gas fleet in the US.

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IH2 biomass-to-liquid hydrocarbons technology licensed to leading European company

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A Fortune 2000 global company headquartered in Northern Europe has entered into an FEL-2 package license agreement with CRI/Criterion Catalyst Company LTD (CRIUK), a global catalyst technology company. The process was developed by Gas Technology Institute (GTI) of Des Plaines, IL. Earlier post.).

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BP Announces Giant Oil Discovery in the Deepwater Gulf of Mexico

Green Car Congress

The well, located in Keathley Canyon block 102, approximately 250 miles (400 kilometers) south east of Houston, is in 4,132 feet (1,259 metres) of water. The Tiber well was drilled to a total depth of approximately 35,055 feet (10,685 metres) making it one of the deepest wells ever drilled by the oil and gas industry.

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IH2 technology licensed for demonstration plant to convert woody biomass into drop-in hydrocarbon transportation fuels

Green Car Congress

gallon at 2000 tonne dry feed/day scale on a USGC (US Gulf Coast) basis using a full stand-alone design. The IH 2 process was developed by Gas Technology Institute (GTI). CRI Catalyst Company of Houston, Texas has been granted exclusive worldwide licensing rights. Both are part of CRI/Criterion Inc.,

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