Green Car Congress

DECEMBER 17, 2014

The average US household will spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years, according to projections by the US Energy Information Administration (EIA). Gasoline prices are forecast to go even lower in 2015.

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2015 Gasoline Fuel Economy MPG 210

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.

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Oil Waste Renewable 2015 199

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

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Russia Oil 2016 Oil Prices 150

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. by Nick Cunningham of Oilprice.com.

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Oil 2011 Oil Prices Chevron 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.

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Oil Supplies Oil Prices 2017 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.

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Oil Oil-Sands Building Connect 231

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.

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Green Car Congress

DECEMBER 30, 2015

OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. mb/d for 2035 to 2040.

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Oil Prices Oil Price Climate Change 150

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. Thanks to the technology that we have developed, it will be possible to process straw into a feedstock for premium-quality renewable diesel in the future. Earlier post.)

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Oil Waste Finland Renewable 210

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.

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Waste EPA Fuel Mercury 284

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

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.

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Oil Saudi Arabia Supplies Oil Prices 150

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.

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Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

JUNE 24, 2015

The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending.

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Oil Industrial Industry Oil Prices 150

Green Car Congress

DECEMBER 21, 2011

Imperial Oil Limited’s board of directors has approved the expansion phase of the Kearl Oil Sands Project, a surface mining operation under construction northeast of Fort McMurray, Alberta. Imperial Oil’s share of the Kearl Oil Sands asset is 71%. —Imperial Oil Chairman, President and CEO Bruce March.

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Baua Electric

FEBRUARY 7, 2024

As the demand for electric autos continues to rise, it’s clear that India is driving full-speed towards a sustainable future, setting an inspiring example for other nations to follow. One of the key measures is the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, launched in 2015.

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India Auto Future Electric 98

Green Car Congress

JANUARY 6, 2022

ExxonMobil made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. These discoveries will add to the previously announced recoverable resource estimate for the block, of 10 billion oil-equivalent barrels. Separately, progress continues on infrastructure for future field development.

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Guyana Oil Singapore Water 210

Green Car Congress

JULY 10, 2015

A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oil sands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. This is not the same as crude oil occurring naturally in shales, as in the Bakken.

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Oil-Sands Oil Energy Fuel 150

Green Car Congress

APRIL 17, 2017

US-based biotech startup Amfora and CSIRO (Commonwealth Scientific and Industrial Research Organisation, the federal government agency for scientific research in Australia) signed an agreement to advance development and commercialization of technology to produce oil in the leaves and stems of plants as well as the seeds. Source: CSIRO.

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Oil Production San Francisco Green 170

Green Car Congress

MARCH 11, 2015

Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

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Oil Prices Oil Price South Africa 150

Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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Oil 2016 Oil-Sands Global 150

Green Car Congress

NOVEMBER 7, 2015

The staff of the California Energy Commission staff will conduct a workshop on 10 November in Sacramento to open a discussion about the extremely fast rate of land subsidence in the Central Valley of California and how it may be affecting the oil & natural gas infrastructure.

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Oil Gas Sacramento Energy 150

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. JX Nippon Oil & Energy Corporation; Idemitsu Kosan Company, Ltd.;

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2015 Hydrogen Companies Fuel 285

Green Car Congress

FEBRUARY 5, 2018

However, oil will continue to play a leading role in the world’s energy mix, the report finds. Significant increases in future fuel economy across all transportation modes will lead to a further decoupling of transportation services and energy demand, the report finds. Energy & Carbon Summary.

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Light Oil Fuel Vehicles 170

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Both, it would seem, have incentive to do so, as each has lost over $100 billion in crude revenues in 2015—and Russia bears the extra burden of U.S. by Dalan McEndree for Oilprice.com.

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Russia Saudi Arabia Oil Market 150

Green Car Congress

FEBRUARY 3, 2012

Proposed oil sands monitoring by 2015. The Government of Canada and Government of Alberta unveiled “The Joint Canada-Alberta Implementation Plan for Oil Sands Monitoring” in a partnership to improve environmental monitoring in the oil sands region with a program that will sample more sites for more substances more frequently.

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Oil-Sands Canada Oil Water 274

Green Car Congress

SEPTEMBER 29, 2015

Shell announced on Monday that it will cease further exploration activity in offshore Alaska for the foreseeable future. billion of future contractual commitments. Shell will provide an update with third quarter 2015 results. The balance sheet carrying value of Shell’s Alaska position is approximately $3.0

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Alaska Future Mexico 2015 150

Green Car Congress

MARCH 6, 2015

Researchers at Purdue University have shown that adding ultra-smooth submicrometer carbon spheres to motor oil can reduce friction and wear typically seen in engines by up to 25%. Coefficient of friction and sliding speed versus time for neat oil and 3.0 CS-Oil using POD apparatus under (a) 22.2 and (b) 93.7 Click to enlarge.

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Oil Carbon Engine Fuel Economy 150

Green Car Congress

APRIL 29, 2013

Imperial Oil Limited has begun the initial development of the Kearl oil sands project ( earlier post ), which incorporates technology innovations to enhance environmental performance. Kearl will be the first oil sands mining operation that does not require an upgrader to make a saleable crude oil.

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Oil-Sands Oil Production Water 231

Green Car Congress

MARCH 28, 2013

Suncor Energy is not proceeding with the Voyageur bitumen upgrader project in the Canadian oil sands. The oil market environment in the North America has changed significantly, Total notes. interest in the Fort Hills oil sands mining project operated by Suncor Energy. The transfer of interest for cash is effective immediately.

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Oil-Sands Oil Energy Canada 225

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

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Oil Oil-Sands Price Production 261

Green Car Congress

SEPTEMBER 22, 2010

Neste Oil has applied for patents to cover technology developed to produce microbial oil from waste and residues with the help of various yeasts and molds for use as a feedstock for its NExBTL renewable diesel. Microbial oil produced in this way has already been successfully refined into NExBTL renewable diesel. Earlier post.).

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Oil Waste Renewable Diesel 199

Green Car Congress

NOVEMBER 21, 2014

In a notice to be published in the Federal Register , the agency said that it intends to take action on the 2014 standards rule in 2015 prior to or in conjunction with action on the 2015 standards rule. The industry needs a final rule that is legally appropriate and continues to support our efforts.

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2014 EPA Standards 2015 225

Green Car Congress

JANUARY 29, 2020

Second, LNG is, and has been, less expensive than MGO and is now in some regions cheaper than heavy fuel oil (HFO). Moreover, to comply with IMO’s 2020 global sulfur limit, ships must either switch from HFO to more expensive very low sulfur fuel oil (VLSFO) or use HFO with a scrubber, if they have one installed. Olmer et al.

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Mariner Climate Fuel Oil 427

Green Car Congress

APRIL 22, 2016

These vehicles are the green machines that will provide a critical part of the renewable and sustainable society that we need for the future. [ PHEVLERs of the future should be made with flex-fuel engines that can use any blend of biofuel to serve all of their liquid fuel needs. About the authors. Dr. Andrew A. 23 ] , [ 24 ].

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Clean Cleaning Future Green 150

Green Car Congress

AUGUST 20, 2015

Researchers in the BioMara (Sustainable Fuels from Marine Biomass) project, report identifying two strains of marine algae— Nannochloropis oceanica and Chlorella vulgaris , which have a dry-weight oil content of more than 50%. An open access paper on the screening for oleaginous marine algae is published in Nature’s Scientific Reports.

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Green Car Congress

APRIL 23, 2021

The captured CO 2 will be used for enhanced oil recovery. By making gasoline without the byproducts of crude oil refining, Nacero’s Penwell facility will avoid the introduction into the atmosphere of 1 billion tons of CO 2 during its first thirty years of operation. Nacero’s Pemwell-facility in Houston, Texas.

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Gasoline Turkmenistan Gas Carbon 221