Green Car Congress

MARCH 3, 2017

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. per barrel, rising to $36.50.

Oil 150

Oil 2011 Oil Prices Chevron 150

Green Car Congress

JUNE 23, 2011

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Source: Chevron. Here, Chevron has reduced its steam:oil ratio (i.e.,

Chevron 244

Chevron Oil Oil-Sands Production 244

Green Car Congress

DECEMBER 19, 2010

The report comes as oil majors like ExxonMobil, Chevron and Shell, and other companies, are developing at least a couple dozen oil shale and CTL projects, including 12 CTL facilities projected to produce 170 million barrels of liquid fuels per year at a cost of $2 billion to $7 billion per plant. Earlier post.).

Coal 210

Coal Oil Water Oil Prices 210

Green Car Congress

NOVEMBER 10, 2009

Will be competitive at an oil price of $45 to $90 at their commercial date. Two companies, Amyris and LS9, are planning to break ground on commercial plants in 2011, with production starting by 2013. As companies try to find the lowest cost option, several different operating models are emerging.

Transportation 262

Transportation Supplies Emissions Fuel 262