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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012. Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. Global exploration funding is expected to be $3 billion in 2012. Spending of $28.5

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KiOR signs second offtake agreement for renewable gasoline and diesel blendstocks

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KiOR expects to begin production at its Columbus facility in the second half of 2012. Re-Crude is refined into gasoline and diesel blendstocks that are compatible with existing fuel infrastructure.

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In aftermath of Chevron fire, California to tighten regulations on oil refineries

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California has 19 oil refineries that process approximately two million barrels of petroleum per day into a variety of products, with gasoline representing about half of the total product volume, according to the California Energy Commission.

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Disneyland will remake its Autopia around EVs in 2026

Baua Electric

Disneyland will replace gasoline vehicles at its Autopia ride with EVs in 2026, the Los Angeles Times confirmed this week. Disneyland will phase out the gasoline engines in its Autopia vehicles “within the next 30 months,” according to the Los Angeles Times. Since 2016, the attraction has been sponsored by Honda.

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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

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Lux charted the investment counts (rather than invested companies) of the seven most active oil majors in its database: Shell, BP, Total, Valero, Chevron, Petrobras and Reliance. Shell invested in multiple rounds and formed a JV with Iogen, but terminated the JV in 2012.

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KiOR signs renewable diesel blendstock supply agreement with FedEx Corporate Services; 1st end-user agreement

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from KiOR’s first commercial production facility in Columbus, MS, which is scheduled to commence production in the second half of 2012. Under the agreement, KiOR may supply renewable diesel blendstocks for purchase by affiliates of FedEx Corporate Services, Inc. The agreement is KiOR’s first with an end user of transportation fuels.

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Disneyland announces Autopia will be all-electric within the next 30 months (Updated)

Baua Electric

And late Thursday, Disney spokesperson Jessica Good told the LA Times that electrification “means fully electric — it does not mean hybrid or any other version of a gasoline combustion engine,” and that the park “will no longer be using the current engines within the next 30 months.”