Green Car Congress
MARCH 3, 2017
Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies.
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.,
Green Car Congress
DECEMBER 13, 2010
energy sector will spur a flurry of M&A and investment activity in 2011 as renewable energy. Sustainable Industries Predictions for 2011 include: Cap and Trade Discarded by Congress in National Energy Policy. Rising Oil Prices Lead to Investments in Natural Gas. Cascadia Capital , a diversified, boutique investment.
Green Car Congress
DECEMBER 4, 2016
BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices. Oil production is expected to begin in late 2021.
Green Car Congress
AUGUST 12, 2019
For 2011 and 2012, 24 small refineries were granted an exemption under this provision. Now farmers and biofuel producers are paying the price. The Clean Air Act (CAA) exempted small refineries from the Renewable Fuel Standard (RFS) program through compliance year 2010; the CAA also authorized EPA to extend the exemption for two years.
Green Car Congress
AUGUST 9, 2016
It bought a controlling stake in SunPower in 2011, years before it bought battery-maker Saft. Still, Korea’s LG Chem, for example, has a factory in the US, and NEC has a US presence via its acquisition of A123 Systems’ energy storage division. It’s not just the battery anymore.
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.
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