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Production of crude oil as a percentage of proved reserves: Recent worldwide and US trends

Green Car Congress

In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world overall and in the United States alone. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. For the world, production of crude oil in 1980 represented 3.4%

Oil 342
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UK ONS report finds significant challenge remains to reduce road transport emissions; sector GHG emissions up 6% from 1990-2017

Green Car Congress

A new report by the UK’s Office for National Statistics (ONS) finds that greenhouse gas (GHG) emissions from road transport in the UK rose by 6% from 1990 to 2017. Total fuel used for road transport in the UK remained relatively stable from 1990 to 2017 as the fuel efficiency of newer vehicles has improved.

2017 191
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INEOS investing additional $1.4B in Grangemouth complex in next phase of GHG reductions; blue hydrogen

Green Car Congress

INEOS acquired Grangemouth in 2005, and has so far delivered a 37% reduction in net CO 2 emissions. INEOS FPS operates the Forties Pipeline System landing and processing approximately 40% of North Sea oil and gas production for onward domestic and international sales. The Petroineos JV operates the Grangemouth Refinery.

Hydrogen 369
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Viridos executes agreement with ExxonMobil to help scale algae biofuels toward commercial levels

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Founded in 2005 by leaders in synthetic biology, Viridos quickly established itself as a powerhouse for innovative research, transplanting the first genome, synthesizing the first bacterial genome and creating the first synthetic cell. —Vijay Swarup, vice president of Research and Development at ExxonMobil.

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Obama Administration announces 21M-acre oil and gas lease sale offshore Texas

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The US Department of the Interior will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. billion in high bids and a 20-million-acre sale held last November that netted nearly $134 million.

Oil 240
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 While domestic crude oil production is projected to level off and then slowly decline after 2020 in the Reference case, natural gas production grows steadily, with a 56% increase between 2012 and 2040, when production reaches 37.6

Oil 290
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UK Government approves Statoil’s US$7B development of North Sea Mariner heavy oil field

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The UK government’s Department of Energy and Climate Change (DECC) approved the field development plan put forward by Statoil and its co-venturers for the Mariner heavy oil field. Statoil expects to start production from Mariner in 2017, and the field is expected to produce for 30 years. The oil is heavy with API gravities of 14.2

Mariner 225