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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018. —Spencer Welch.

Oil 276
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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.

Oil 186
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EIA Energy Outlook 2010 Reference Case Projects Moderate Growth in US Energy Consumption, Greater Use of Renewables, and Reduced Oil and Natural Gas Imports

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Existing US policies that stress energy efficiency and alternative fuels, together with higher energy prices, will curb energy consumption growth and shift the energy mix toward renewable fuels, according to the reference case for the Annual Energy Outlook 2010 ( AEO2010 ) released by the US Energy Information Administration (EIA).

Renewable 199
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EIA projects world energy use to increase 53% by 2035; oil sands/bitumen and biofuels account for 70% of the increase in unconventional liquid fuels

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Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).

Oil-Sands 220
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US BLM issues draft PEIS for oil shale and oil sands; significantly scales back public land available for commercial leasing

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The US Bureau of Land Management (BLM) has published the Notice of Availability (NOA) of the Draft Programmatic Environmental Impact Statement (PEIS) and Possible Land Use Amendments for Allocation of Oil Shale and Tar Sands Resources on Lands Administered by the BLM in Colorado, Utah and Wyoming.

Oil-Sands 252
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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

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The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.). —Dr.

Oil-Sands 314
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Douglas-Westwood: oil & gas industry need to push High-Pressure - High Temperature envelope

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HP / Extreme HP typically refers to borehole pressures between 10,000 - 20,000 psi; HT / Extreme HT refers to borehole temperatures between 300-400 ?F Pressures and temperatures outside these ranges are referred to as “Ultra-HPHT”, which represents the absolute limits of current technology. F (149-204 ?C).