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bp starts oil production at Argos platform in the Gulf of Mexico; first new platform since 2008

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bp has successfully started oil production at its Argos offshore platform, strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. Argos is the centerpiece of bp’s Mad Dog Phase 2 project, which extends the life of the super-giant oil field discovered in 1998. Earlier post.) bp is the operator with 60.5%

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BTG and GoodFuels exploring options for joint investment to convert pyrolysis oil to low-carbon fuel for ships

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Biomass technology group BTG plans to set up a new high-tech technology company that can convert crude pyrolysis oil into diesel fuel suitable for the shipping sector. It will be the first refinery in the world for an advanced marine biofuel based on pyrolysis oil. The new facility will be operated by a new company named BTG-neXt.

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Eni licenses EST technology to Sinopec to convert residues to high-quality light products; eliminating pet-coke and fuel oil

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EST completely converts refinery residues, heavy oils and bitumen into high-quality light products, eliminating the production of both liquid and solid refinery residues (for example, pet-coke or fuel oil). Eni slurry technology: A new process for heavy oil upgrading.” Delbianco, A & Meli, S & Tagliabue, Lorenzo & Panariti, N.

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Doosan to develop Ceres-based SOFC system for ships

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Ltd has signed a Memorandum of Understanding for the joint development of a solid oxide fuel cell (SOFC) system for marine propulsion and power generation with Navig8, a Singapore-based major shipping company which operates 140 chemical and oil tankers globally. Doosan Fuel Cell Co., Earlier post.).

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Neste Oil to invest €65M to enhance high-octane gasoline production at Porvoo

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Neste Oil has decided to build an isomerization unit at its Porvoo refinery. In addition to its importance for Neste Oil, the new unit represents a major industrial investment nationally in Finland. —Matti Lehmus, Neste Oil’s Executive Vice President, Oil Products and Renewables.

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Bloom Energy and Samsung Heavy Industries team up to build ships powered by solid oxide fuel cells running on natural gas

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Such an innovation will play a key role in helping the company exceed the 50% emissions reduction target, compared to 2008 levels, that the International Maritime Organization (IMO) has mandated all shipbuilders should achieve by 2050. Today, 80% of the world’s shipping fleet runs on heavy fuel oil, or bunker fuel.

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DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

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Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. The area will be offered to industry again in 2016 under the current Five Year Offshore Oil and Gas Leasing Program.

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