Green Car Congress

MARCH 13, 2017

Repsol and partner Armstrong Energy have made the largest US onshore conventional hydrocarbons discovery in 30 years—up to approximately 1.2 billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. of net oil pay in several reservoir zones in the Nanushuk section. billion barrels.

Alaska 170

Alaska Oil Energy Spain 170

Green Car Congress

JANUARY 16, 2012

United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

El Paso 225

El Paso 2011 Oil Gas 225

Green Car Congress

MARCH 28, 2012

The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration.

Saudi Arabia 220

Saudi Arabia Canada Venezuela 2011 220

Green Car Congress

JULY 16, 2013

Sapphire Energy, Inc. and The Linde Group will expand their partnership to commercialize a new industrial-scale conversion technology needed to upgrade algae biomass into crude oil. Together, the companies will refine the hydrothermal treatment process developed and operated today by Sapphire Energy at pilot-scale.

Oil 239

Oil Commercial Energy Columbus 239

Green Car Congress

SEPTEMBER 25, 2011

UK-based market analyst visiongain projects that global spending in 2011 on advanced oil & gas exploration technologies will total $10.17 visiongain’s Advanced Oil & Gas Exploration Technologies Market 2011-2021 report analyses the development of this market over the next ten years.

2011 199

2011 Oil Global Gas 199

Green Car Congress

JULY 23, 2012

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

Oil-Sands 325

Oil-Sands Oil Canada Gas 325

Green Car Congress

DECEMBER 23, 2012

American Commercial Lines (ACL) will begin transporting crude oil by barge on the US inland waterways for MEG Energy (US) Inc. MEG Energy), a subsidiary of the Canadian oil sands company MEG Energy Corp. MEG Energy is a Canadian oil sands company focused on in situ development and production.

Oil-Sands 257

Oil-Sands Oil Transportation Companies 257

Green Car Congress

JUNE 10, 2013

Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA.

Oil 281

Oil Algeria United States Argentina 281

Green Car Congress

OCTOBER 22, 2014

of China (COMAC) opened a demonstration facility that will turn waste cooking oil, commonly referred to as “gutter oil” in China, into sustainable aviation biofuel. billion liters) of biofuel could be made annually in China from used cooking oil. It will use a technology developed by Hangzhou Energy & Engineering Technology Co.,

Oil 239

Oil China Waste Commercial 239

Green Car Congress

APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S. shale output.

Oil 150

Oil Supplies Oil Prices 2017 150

Green Car Congress

DECEMBER 5, 2011

US-based Devon Energy Corporation has received regulatory approval from the Alberta Energy Resources Conservation Board and Alberta Environment and Water to move forward with the company’s third oil sands project in Canada. Like Jackfish 1 & 2, Jackfish 3 represents an estimated 300 million barrels of gross recoverable oil.

Oil-Sands 170

Oil-Sands Oil Energy Water 170

Green Car Congress

JUNE 28, 2013

US Energy Secretary Ernest Moniz announced a new public-private partnership to strengthen protection of the nation’s oil and natural gas infrastructure from cyber attacks. —Secretary Moniz. Following the pilot, the model will be updated and released to industry.

Oil 191

Oil Industrial Industry Gas 191

Green Car Congress

MARCH 29, 2011

Dynamotive Energy Systems Corporation and IFP Energies Nouvelles (IFPEN) have extended their Memorandum of Understanding to cooperate in the field of pyrolysis oil upgrading with the aim to produce second generation biofuels, announced in June 2010 ( earlier post ) to July 2011.

Oil 186

Oil Fuel Energy 2010 186

Green Car Congress

APRIL 5, 2013

Neste Oil is beginning the commercial use of tall oil pitch as a feedstock for refining into transportation fuel. Up until now, it has not been possible to use tall oil pitch, a residue produced by tall oil refiners ( earlier post ), as a commercial-scale feedstock for fuel refining purposes. Earlier post.).

Oil 230

Oil Commercial Finland Fuel 230

Green Car Congress

MARCH 8, 2012

Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. Tillerson said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels.

Saudi Arabia 231

Saudi Arabia Oil-Sands Oil 2012 231

Green Car Congress

SEPTEMBER 27, 2021

Grangemouth, one of Scotland’s largest manufacturing sites, is owned and operated by INEOS and Petroineos, a joint venture formed between INEOS and PetroChina in 2011. This includes investment in a New Energy Plant, which is due for completion in late 2023 and will supply energy to all site operations.

Hydrogen 369

Hydrogen Polymer Ireland Carbon 369

Green Car Congress

JULY 13, 2012

Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oil sands region. The organizations receiving funding from CCEMC are: Cenovus Energy Inc.: $10 Husky Energy: 2.9

Oil-Sands 225

Oil-Sands Cleaner Oil Carbon 225

Green Car Congress

JUNE 5, 2013

MCW Energy Group, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announced successful results of processing random Alberta oil sands tailings ponds samples in a series of preliminary laboratory tests. Clean up and remedial fees from oil companies and/or governments.

Oil-Sands 220

Oil-Sands Oil Energy Utah 220

Green Car Congress

JULY 17, 2012

in 2010 and 2011, respectively. t margin for oil refiners. Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased. The paper by Prof. Christopher Knittel at MIT and Assoc. The estimate drops further to $0.09

Davis 334

Davis MIT Gasoline 2010 334

Green Car Congress

JANUARY 3, 2014

An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e.,

Estonia 236

Estonia Oil Cleaner Jordan 236

Green Car Congress

APRIL 20, 2013

Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

Saudi Arabia 262

Saudi Arabia Oil Iraq Venezuela 262

Green Car Congress

MAY 24, 2012

gigatonnes (Gt) in 2011, according to preliminary estimates from the International Energy Agency (IEA). Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). Gt above 2011 levels. Gt above 2011 levels. In 2011, a 6.1%

2011 230

2011 Global Emissions CO2 230

Green Car Congress

MAY 12, 2011

Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel.

Oil 225

Oil Energy Wind 2011 225

Green Car Congress

JULY 20, 2012

At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%. Weak economic conditions, a mild winter, and energy. savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. India (6%).

2011 236

2011 Emissions CO2 Global 236

Green Car Congress

FEBRUARY 4, 2012

Imperial Oil Limited has approved a $2 billion expansion of the company’s Cold Lake in situ oil sands operation in northeastern Alberta. The improvements include a 170-MW cogeneration facility to enhance the plant’s energy efficiency and a reduced land footprint for field production pads.

Oil-Sands 210

Oil-Sands Oil 2004 Canada 210

Green Car Congress

SEPTEMBER 20, 2011

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

Oil-Sands Oil 2008 Oil Prices 220

Green Car Congress

DECEMBER 11, 2010

Canada-based MEG Energy’s board of directors has approved 2011 capital investment of approximately $900 million and the final cost estimate for the 35,000 barrels per day Phase 2B oil sands expansion at the Christina Lake in-situ project. The 2011 budget includes $80 to $90 million for core drilling and seismic.

Oil-Sands 186

Oil-Sands Oil Energy 2011 186

Green Car Congress

SEPTEMBER 2, 2015

If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. as the drop in oil prices over the last year has put a strain on the nation’s finances.".

Oil 150

Oil Saudi Arabia UAE 2015 150

Green Car Congress

FEBRUARY 1, 2010

trillion FY 2011 Budget to the US Congress. The President’s 2011 Budget provides $28.354 billion for the Department of Energy (DOE) in discretionary budget authority—an 8.9% billion in tax subsidies for oil, coal and gas industries. 302 million for solar energy. 123 million for wind energy. Geothermal.

2011 231

2011 Energy Obama 2010 231

Green Car Congress

SEPTEMBER 27, 2014

Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. —Statoil Canada country manager Ståle Tungesvik.

Oil-Sands 225

Oil-Sands Oil Canada 2011 225

Green Car Congress

OCTOBER 14, 2015

Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia’s oil refining industry as well.

Oil 150

Oil China Pakistan Gas 150

Green Car Congress

DECEMBER 31, 2011

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. million bbl/d was crude oil.

Oil 297

Oil Panama Saudi Arabia United Arab Emirates 297

Green Car Congress

MARCH 20, 2012

The divergence of West Texas Intermediate (WTI) and Brent crude oil prices in 2011 affected refinery utilization in the United States, particularly in the East Coast (PADD 1) and Midwest (PADD 2) regions, according to a report from the US Energy Information Administration (EIA). Source: EIA. Click to enlarge. PADDs 4 and 5.

2011 199

2011 Oil Texas Oil Prices 199

Green Car Congress

AUGUST 9, 2016

France-based Total is the first oil supermajor aggressively to enter new areas of business including solar plus storage and distributed generation, notes Lux Research in a new report : “Superpower Darwinism: What Big Oil Can and Cannot Do About Total’s Billion-Dollar Battery Move.”. It’s not just the battery anymore.

Oil 150

Oil Solar Energy Storage Asia 150

Green Car Congress

SEPTEMBER 2, 2013

Neste Oil, developer of the NExBTL process for renewable diesel, and agritrader Raisioagro have launched a research project to investigate the potential of straw as a raw material for producing NExBTL renewable diesel via Neste’s microbial oil technology. The cells are then harvested and the oil recovered. Earlier post.).

Oil 218

Oil Renewable Diesel Finland 218

Green Car Congress

SEPTEMBER 11, 2009

SOLVE adds a solvent to the steam in SAGD (basic operation depicted above) to reduce energy input and water consumption. The production well extracts the bitumen to surface heavy oil production facilities. SAGD is the predominant in-situ recovery method currently used in Canada’s oil sands. Source: StatoilHydro.

Oil-Sands 218

Oil-Sands Oil Water Canada 218

Green Car Congress

APRIL 13, 2012

The ratio between the spot prices of crude oil and natural gas has been generally increasing since January 2009, but it has climbed rapidly in recent months, according to data from the US Energy Information Administration (EIA). The crude oil-to-natural gas spot price ratio has implications for production and consumption.

Oil 255

Oil Gas Price Oil Prices 255