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EIA: biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast

Green Car Congress

Consumption of distillate fuel oil in the US West Coast, as measured by product supplied, decreased to its lowest level since 2002 last year and continues its decline this year, according to the latest “This Week in Petroleum” report from the US Energy Information Administration (EIA).

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Woodside approves investment in $7.2B Trion development in deepwater Gulf of Mexico; first oil in 2028

Green Car Congress

First oil is targeted for 2028. Trion was discovered in 2012 by PEMEX. Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. The resource will be developed through a floating production unit (FPU) with an oil production capacity of 100,000 barrels per day.

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Used Car of the Day: 2012 Volvo C30 R-Design

The Truth About Cars

Like this 2012 Volvo C30 R-Design. The 80K-mile service has been done, and this includes replacement of items such as the timing belt, camshaft seals, VVT solenoid seals, accessory belts, water pump, oil-pump seal, idler and tension pulley, PCV check valve, oil and filter, and coolant and reservoir. And yes, it's a manual.

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California Governor orders end to fracking by 2024, instructs CARB to analyze pathways to phase out oil-production by 2045

Green Car Congress

Additionally, Governor Newsom requested that the California Air Resources Board (CARB) analyze pathways to phase out oil extraction across the state by no later than 2045. California’s production of oil has been steadily dropping since 1985. According to the California Energy Commission, California oil represented 34.9%

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EIA: North Dakota oil production reached new high of 770K bpd in 2012; transported by trucks and railroads

Green Car Congress

North Dakota crude oil production (including lease condensate) averaged an all-time high of 770,000 barrels per day in December 2012, according to the US Energy Information Administration (EIA). Much of crude oil production in North Dakota is gathered and transported by truck to railcars leaving the state. Source: EIA.

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Production of crude oil as a percentage of proved reserves: Recent worldwide and U.S. trends

Green Car Congress

In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world and in the United States. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. For the world, production of crude oil in 1987 represented 3.0%

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Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

Green Car Congress

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. of the 2012 global total. billion, representing a share of 24.5%

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