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

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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 Resource Base. Resource Base.

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Hapag-Lloyd will use advanced biofuels for the transport of DHL shipments

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DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Hapag-Lloyd, a leading worldwide liner shipping company, for the use of advanced biofuels. Advanced biofuels are based on raw biological materials, such as used cooking oil and other waste products.

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Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation

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John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.

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Victor and Neste partner on SAF for private jet charters

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Under a new partnership, members of Fly Victor, the on-demand private jet company, can purchase Neste MY Sustainable Aviation Fuel (SAF) for every private jet booking globally. It is produced from 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste.

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Shell to halt 80K bpd Carmon Creek oil sands project

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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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Snam and Saipem sign MoU to work together on green hydrogen development and CO2 capture

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Italy-based Snam, a leading energy infrastructure operator, and Saipem, an Italian multinational oilfield services company, have signed a Memorandum of Understanding to start working together to define and to develop initiatives for green hydrogen production and transport, and for carbon dioxide capture, transport and reuse or storage (CCS and CCU).

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Six dual-fuel MAN methanol ME-LGIM engines ordered for Maersk container ships

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Moller – Maersk, the Danish integrated logistics company. We currently have a total order book for 78 ME-LGIM engines, of which 24 are firm orders for G95-variants. MAN developed the ME-LGI engine in response to interest from the shipping world in operating on alternatives to fuel oil in order to reach decarbonization targets.

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