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Arctic oil on life support

Green Car Congress

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
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EPA delays issuing 2014 RVO standards for RFS until sometime in 2015

Green Car Congress

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.

2014 225
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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

Green Car Congress

BASF and Russia’s Gazprom signed a legally binding basic agreement to swap assets of equivalent value. In October, Wintershall also substantially expanded its production and reserves of oil and gas in the North Sea through an asset swap with Statoil. billion barrel of oil equivalent. This is equivalent to a total of 2.4

Gas 218
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California Air Resources Board readopts Low Carbon Fuel Standard, adopts regulation on alternative diesel fuels

Green Car Congress

1 ] The average carbon intensity requirements for years 2011 and 2012 reflect reductions from base year (2010) CI values for CaRFG (95.85) calculated using the CI for crude oil supplied to California refineries in 2006. [ 3 ] In 2015 the LCFS was readopted and the CI modeling updated. Diesel and Diesel Substitutes. 95.61 [ 1 ].

Carbon 150
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NREL examines potential of blending ethanol with condensate for flex-fuels and high-octane mid-level blends

Green Car Congress

The study addresses two current market conditions: first, more ethanol is produced domestically than can legally be blended in E10 (the ethanol blend wall). The growth of light domestic crude oil is pushing natural gasoline out of the refinery. A paper on their work is published in the ACS journal Energy & Fuels. —Alleman et al.

Fuel 150
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Volkswagen Group invested €11.5B (US$12.9B) in R&D in 2014; ongoing focus on electromobility and digitalization of vehicles

Green Car Congress

Winterkorn also emphasized that Volkswagen remains committed to its environmental goals, and noted that the present low level of oil prices would not change that. Oil will not be as cheap as it is at the moment for ever. This means the Group is already well below the legal limit for 2015.

2014 150
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Kinder Morgan to purchase El Paso for approximately $38B to form largest natural gas pipeline network and largest midstream energy enterprise in North America

Green Car Congress

million barrels per day of gasoline, jet fuel, diesel, natural gas liquids and crude oil through more than 8,000 miles of pipelines. Carbon dioxide is used in enhanced oil recovery projects. Second largest oil producer in Texas, producing more than 50,000 barrels per day. billion cubic feet per day. and Washington state.

El Paso 225