article thumbnail

DOE to award up to $88M for oil and natural gas recovery research

Green Car Congress

The Department of Energy’s (DOE’s) Office of Fossil Energy announced up to $88 million in federal funding for cost-shared research and development projects enhancing technologies for oil and natural gas recovery under two separate funding opportunity announcements (FOAs). million barrels of oil per day (MMb/d)) to 56.5%

Oil 306
article thumbnail

ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Exxon Mobil Corporation added 2.7

2017 186
article thumbnail

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. BHP Petroleum acquired an interest in 2017 which subsequently became part of Woodside’s portfolio in 2022. BHP Petroleum acquired an interest in 2017 which subsequently became part of Woodside’s portfolio in 2022. Trion was discovered in 2012 by PEMEX. billion includes all 24 wells.

Mexico 195
article thumbnail

US offshore oil and gas leasing plan for 2017-2022 focuses on Gulf of Mexico, excludes Arctic

Green Car Congress

US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Hopper released the final plan to guide future energy development for the Nation’s Outer Continental Shelf (OCS) for 2017-2022. The vast majority of US offshore oil production occurs in the Gulf of Mexico.

Mexico 150
article thumbnail

ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

article thumbnail

IEA: key oil trends 2018

Green Car Congress

Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% in 2018 compared to 2017, reaching a record total monthly production of over 100 million tons at the beginning of the year and remaining above this for almost all of 2018, according to the IEA.

2018 220
article thumbnail

Berkeley Law’s CLEE report provides policy options for phasing out oil and gas production in California

Green Car Congress

California is the seventh-largest oil-producing state in the US. The state’s crude oil production in 2018 was approximately 162 million barrels—mainly from onshore wells—down from 174 million barrels in 2017 and a recent high of 205 million barrels in 2014.

Oil 150