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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

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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

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INEOS investing additional $1.4B in Grangemouth complex in next phase of GHG reductions; blue hydrogen

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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. The raw materials used by this business present an outlet for North Sea gases, delivered via the co-located Forties Pipeline System. Grangemouth.

Hydrogen 369
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Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%. 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. combined, where emissions increased by 9% and 6% respectively in 2011.

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California ARB to hold public workshop on lifecycle assessment of crude oil production

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The California Air Resources Board (ARB) will hold a public workshop on 19 March in Sacramento to discuss lifecycle assessment of crude oil production within the Low Carbon Fuel Standard (LCFS) regulation. The section also originally dealt with calculations for High Carbon-Intensity Crude Oil (HCICO). Earlier post.).

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Opinion: Consumers winning with low oil prices, for now

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Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oil prices throughout the economy.”. decline curves eventually catch up with fewer rigs, oil supplies should start to fall.

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Fluid thermal processing of Mongolian oil sands

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A study by a team from the State Key Laboratory of Heavy Oil Processing, China University of Petroleum found that fluid thermal processing of. il sands is a feasible process for the production of an upgraded bitumen-derived liquid from Inner Mongolian oil sand. Oil sands exploration in Xing’an region.

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Thailand enters the Canadian oil sands; Statoil selling 40% interest to PTTEP for US$2.28B

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Statoil has agreed to sell a 40% interest in its oil sands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand. The effective date of the transaction is 1 January, 2011. Future development of the oil sands leases will proceed in a stepwise manner.

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