Green Car Congress

MARCH 13, 2015

out in the second quarter of 2014, global oil demand growth has since steadily risen, with year?on?year mb/d for the current quarter, according to the IEA Oil Market Report for March. IEA raised its forecast of demand growth for all of 2015 by 75 kb/d to 1.0 mb/d for the first half of 2015, down from a sharp 2.2

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2015 Oil Saudi Arabia Market 150

Green Car Congress

JUNE 4, 2023

Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Mt to 3.22 Mt (7% year-on-year growth).

Market 304

Market Indonesia Russia Supplies 304

Green Car Congress

DECEMBER 11, 2014

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 Abhishek Deshpande, an oil market analyst at Natixis, agreed.

Oil Prices 199

Oil Prices Oil 2015 Price 199

Green Car Congress

MARCH 6, 2018

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218

Brazil Norway Oil Canada 218

Green Car Congress

JULY 29, 2021

The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high-quality oil-bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet (51 meters) of net pay in high-quality oil-bearing sandstone reservoirs. The Stabroek Block is 6.6 million acres (26,800 square kilometers).

Guyana 243

Guyana Oil Singapore Miles 243

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. The combination of closed capital markets and weak prices are pulling cash out of the system. —Raoul LeBlanc. —Raoul LeBlanc.

Oil 170

Oil Price Oil Prices Production 170

Green Car Congress

FEBRUARY 20, 2023

Shell Offshore, a subsidiary of Shell plc, has started production at the Shell-operated Vito floating production facility in the US Gulf of Mexico (GoM). Shell reached an FID on Whale in 2021 and is currently scheduled to begin production in 2024. Shell is the leading operator in the US Gulf of Mexico for oil and gas production.

Mexico 221

Mexico Design Suriname Argentina 221

Green Car Congress

APRIL 29, 2021

ExxonMobil announced an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana ( earlier post ). Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Source: ExxonMobil. Earlier post.)

Guyana 243

Guyana Oil Singapore Water 243

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.

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Saudi Arabia Oil Production Climate 150

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. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. — Mad Max: Beyond Thunderdome.

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

JUNE 1, 2016

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. Many oil projects, after all, take years to develop.

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Oil Supplies Market Oil Prices 150

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.

Oil Prices 170

Oil Prices Oil Libya Iran 170

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.

Oil 170

Oil Production San Francisco Green 170

Green Car Congress

FEBRUARY 22, 2023

Bentley will cease production of its 12-cylinder gasoline engine in April 2024, by which time more than 100,000 examples of the iconic W12 will have been handcrafted in the company’s Dream Factory in Crewe, England. The second cools the engine block and oil system, while the third handles the thermal load of the turbochargers.

Bentley 284

Bentley Engine Power Powered 284

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

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.

Carbon 170

Carbon Supplies Global North America 170

Green Car Congress

FEBRUARY 3, 2015

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014.

2015 150

2015 Light Market Global 150

Green Car Congress

FEBRUARY 5, 2013

Neste Oil has decided to build an isomerization unit at its Porvoo refinery. When the new isomerization unit is completed in 2015, we will be able to refine higher volumes of premium-quality gasoline that commands a higher price on export markets. The isomerization unit will have a capacity of 600,000 t/a.

Gasoline 199

Gasoline Oil Finland Production 199

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

Oil 150

Oil 2016 Oil-Sands Global 150

Green Car Congress

JANUARY 9, 2015

2015 forecast share by region. In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Global growth will mainly be driven by China, where Scotiabank expects auto demand to grow 7% in 2015 to 19.36

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2015 Global Auto Peru 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

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

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

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.

Oil 150

Oil Supplies Oil Prices 2017 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. million barrels of low sulfur diesel to the European and Asian markets.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 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

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

Oil Prices 170

Oil Prices Oil Industrial Industry 170

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

SEPTEMBER 2, 2015

The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

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Oil Saudi Arabia UAE 2015 150

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

Oil 261

Oil Oil-Sands Price Production 261

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

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.

Saudi Arabia 150

Saudi Arabia Oil Europe Russia 150

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

AUGUST 7, 2015

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. by Nick Cunningham of Oilprice.com.

Oil 150

Oil Saudi Arabia Supplies Oil Prices 150

Green Car Congress

NOVEMBER 27, 2014

Neste Oil will bring to the market a low-sulfur marine fuel in accordance with the EU sulfur Directive requirements entering into force in 2015, and will begin distributing it in mid-December. The new product is considerably more refined than the usual heavy fuel used on vessels today.

Mariner 231

Mariner Oil Fuel Cleaner 231

Green Car Congress

APRIL 17, 2014

Lux Research forecasts that the market for the 3D printing (additive manufacturing) of end use parts will grow at a 21% CAGR to $7.0 Projected growth in the 3D printing market. billion production part segment, the research firm said. billion production part segment, the research firm said. Source: Lux Research.

Parts 239

Parts Market Production 2013 239

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. Production of mined diluted bitumen from the first of three froth treatment trains has begun.

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Oil-Sands Oil Production Water 231