Green Car Congress

OCTOBER 2, 2020

Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, storage and offloading (FPSO) vessel. The $9-billion development will target an estimated resource base of about 600 million oil-equivalent barrels.

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Guyana Oil Singapore 2019 418

Green Car Congress

JANUARY 14, 2011

A coalition of 13 major Japanese automakers and energy companies—including Toyota, Honda and Nissan—are joining together to expand the introduction of hydrogen fuel cell vehicles (FCVs) in 2015 and develop the hydrogen supply network throughout Japan. Honda Motor Company, Ltd.; Cosmo Oil Company, Ltd.;

2015 285

2015 Hydrogen Companies Fuel 285

Green Car Congress

APRIL 5, 2022

The company’s fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 barrels of oil per day starting in 2025. Yellowtail production from the ONE GUYANA floating production storage and offloading (FPSO) vessel will develop an estimated resource of more than 900 million barrels of oil.

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Guyana Oil 2017 2019 243

Green Car Congress

NOVEMBER 14, 2014

With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream.

Oil Prices 268

Oil Prices Oil Price Chevron 268

Green Car Congress

DECEMBER 17, 2013

Neste Oil has achieved its long-term target of using only certified palm oil as an input for its renewable diesel (NExBTL) production process. The original target, set in 2009, was that 100% of the raw palm oil used would be certified by the end of 2015.

Oil 231

Oil Waste Renewable 2007 231

Green Car Congress

MARCH 3, 2017

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. However, performances varied by company.

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Oil 2011 Oil Prices Chevron 150

Green Car Congress

OCTOBER 7, 2014

Despite the decision to de-emphasize microbial oil, Neste Oil emphasized that cellulosic waste will continue to play an important role in its research strategy, adding that it remains committed to its goal of further extending its feedstock base and making greater use of waste and residues in this area in particular.

Oil 310

Oil Renewable Diesel Waste 310

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. It all represents the strongest headwinds for shale producers since the oil price collapse in 2015. —Raoul LeBlanc. —Raoul LeBlanc.

Oil 170

Oil Price Oil Prices Production 170

Green Car Congress

JUNE 6, 2013

Neste Oil, the world’s largest producer of renewable diesel (NExBTL), has signed a contingent commercial off-take agreement with Cellana, an algae biomass developer based in the United States. The agreement will enable Neste Oil to purchase Cellana’s algae oil for use as a feedstock in the future for producing renewable fuel.

Oil 275

Oil Renewable Hawaii Fuel 275

Green Car Congress

APRIL 6, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016. In 2016, only 3.7

Russia 150

Russia Oil 2016 Oil Prices 150

Green Car Congress

OCTOBER 18, 2017

AB 1328 gives California water agencies access to information on potentially hazardous chemicals used in oil and gas operations. AB 1197 will ensure their spill management teams are adequately trained and prepared in the event of an oil spill. These other operations account for the majority of all oil and gas production in California.

Water 186

Water Oil California Gas 186

Green Car Congress

DECEMBER 15, 2011

Neste Oil will build a pilot plant to produce waste-based microbial oil at its Porvoo refinery. It will be the first pilot plant in Europe designed to produce microbial oil for use in manufacturing renewable fuel from waste-based raw materials. Neste Oil applied for patents covering its microbial oil technology in fall 2010.

Oil 199

Oil Waste Renewable 2015 199

Green Car Congress

JUNE 16, 2023

In January 2022, EPA announced a new effort to standardize the review of a growing number of applications for new transportation fuels made by mixing a small amount of bio-or waste-based feedstock oils into a much larger amount of petroleum-based oils, to make new chemical(s) during the refining process.

Waste 284

Waste EPA Fuel Mercury 284

Green Car Congress

OCTOBER 26, 2017

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said. “The

Oil Prices 170

Oil Prices Oil Libya Iran 170

Green Car Congress

FEBRUARY 3, 2015

Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. However, the first month of 2015 has darkened Arctic dreams even further.

Oil 150

Oil Alaska Oil Prices 2015 150

Green Car Congress

JANUARY 7, 2018

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. billion recoverable oil-equivalent barrels. —Steve Greenlee, president of ExxonMobil Exploration Company. This discovery proves a new play concept for the 6.6

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Guyana Oil South America Suriname 150

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

NOVEMBER 23, 2011

has partnered with KKR to buy most of privately-owned US oil and gas firm Samson Investment Co. aiming to start exporting liquefied natural gas to Japan as early as 2015. The company will initially sell shale gas in North America with an eye toward eventually exporting it to Japan and other parts of Asia.

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Japan 2015 Buy Oil 210

Green Car Congress

AUGUST 5, 2016

Under California’s Low Carbon Fuel Standard (LCFS), crude oil producers may generate credits for oil that has been produced using innovative methods and delivered to California refineries for processing. Seneca Resource Corporation (Seneca) has applied for LCFS credits for producing crude oil using solar generated electricity.

Oil 150

Oil Solar California Chevron 150

Green Car Congress

DECEMBER 24, 2013

Kinder Morgan Energy Partners L.P.and Imperial Oil formed a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. Accessing new and existing markets is critical for our continued growth and responsible development of Canada’s oil sands.

Oil 231

Oil Oil-Sands Building Connect 231

Green Car Congress

MARCH 2, 2018

Crude palm oil is one of the more than ten renewable raw materials that Neste uses to produce a range of renewable products, including renewable diesel. Palm oil represents approximately 20% of Neste’s renewable raw material usage annually. Increased pressure is created as the belt passes over rollers which decrease in diameter.

Oil 244

Oil Emissions Malaysia Indonesia 244

Green Car Congress

DECEMBER 3, 2014

What does it take to build up a new region for oil and gas development? But it is not as easy as just sticking a drill into the ground and pumping out oil and gas. Even with significant oil and gas reserves trapped in shale, a variety of factors need to come together to turn a given region into a significant producer.

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Companies Building Oil 2014 199

Green Car Congress

JUNE 24, 2015

Most, if not all, smaller market capitalization companies, public or private, are still free cash flow negative (operating cash flow less capital expenditure) and only a few of the larger ones are now, or will be, based on guidance. To plug the hole it hopes to sell its Eagle Ford assets this year.

Oil 150

Oil Industrial Industry Oil Prices 150

Green Car Congress

JUNE 8, 2023

Animal fats and used cooking oil are increasingly joining the likes of lithium, cobalt and copper as energy transitional materials where supply constraints are of growing concern, according to a new analysis of trade flows by S&P Global Commodity Insights Agribusiness Consulting group. The chase is on, and it is here to stay.

Carbon 170

Carbon Supplies Global North America 170

Green Car Congress

AUGUST 12, 2015

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. This could eventually result in refiners cutting their crude oil imports.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

AUGUST 7, 2015

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. Now a prevailing sense that oil prices may stay lower for longer has hit the markets. In other words, oil traders are now feeling much gloomier about oil prices several years out than they were at the beginning of 2015.

Oil 150

Oil Saudi Arabia Supplies Oil Prices 150

Green Car Congress

SEPTEMBER 2, 2015

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.". percent of net crude export revenues in 2015, as these revenues fall nearly 50 percent from 2014.

Oil 150

Oil Saudi Arabia UAE 2015 150

Green Car Congress

JULY 30, 2013

Green crude company Sapphire Energy, Inc. has paid off the entire loan guarantee awarded to the company by the USDepartment of Agriculture. 2009, the company was awarded a $54.5-million 2009, the company was awarded a $54.5-million With their backing, we did exactly what we set out to do.

Companies 230

Companies Energy Columbus Oil 230

Green Car Congress

OCTOBER 28, 2015

Royal Dutch Shell plc will not continue construction of the 80,000 barrel per day Carmon Creek thermal in situ oil sands project located in Alberta, Canada. This decision reflects current uncertainties, including the lack of infrastructure to move Canadian crude oil to global commodity markets. This is forcing tough choices at Shell.

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Oil-Sands Oil Re-Charge Oil Prices 150

Green Car Congress

SEPTEMBER 13, 2017

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy. m b/d thresh- old.

Saudi Arabia 150

Saudi Arabia Oil Production Climate 150

Green Car Congress

NOVEMBER 25, 2014

Technology, engineering and project management company Neste Jacobs and SunPine, producing biochemicals and feedstock for second-generation renewable fuels, have signed an agreement for Neste Jacobs to perform EPCM services to construct a Tall Oil Rosin production facility in Piteå, Sweden. Earlier post.). Earlier post.).

Oil 218

Oil Renewable Diesel Production 218

Green Car Congress

AUGUST 23, 2014

million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. Full design capacity for Line 67 is 880,000 bpd for heavy crude.

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Oil-Sands Oil Canada United States 339

Green Car Congress

MARCH 13, 2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. per million Btu (MMBtu).

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Argentina Oil Oil Prices Chevron 150

Green Car Congress

NOVEMBER 18, 2015

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

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Saudi Arabia Oil Europe Russia 150

Green Car Congress

MARCH 24, 2016

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. US oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 million barrels per day (mb/d) in April 2015.

Oil Prices 150

Oil Prices Oil Price North Dakota 150

Green Car Congress

MARCH 13, 2017

billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. Spain-based integrated global energy company Repsol has been actively exploring Alaska since 2008, and since 2011 the company has drilled multiple consecutive discoveries on the North Slope along with partner Armstrong. billion barrels.

Alaska 170

Alaska Oil Energy Spain 170

Green Car Congress

OCTOBER 26, 2012

Neste Oil celebrated the official opening of Europe’s first pilot plant for producing microbial oil from waste and residues at its site in Porvoo, Finland. —Lars Peter Lindfors, Neste Oil’s Senior Vice President, Technology. Neste Oil announced in December 2011 that it was going to invest €8 million (US$10.4

Oil 210

Oil Waste Finland Renewable 210