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EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

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The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 EIA forecasts the Brent crude oil price to increase the rest of 2023 and to approach $90 per barrel in late 2023.

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Review of co-processing of biocrudes in oil refineries

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Liquid intermediates from pyrolysis and hydrothermal liquefaction (HTL) can be co-processed in an oil refinery along with conventional crude oil. Fast pyrolysis and hydrothermal liquefaction (HTL) are both processes for producing liquid fuels from dry/solid or wet biomass.

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EIA forecasts US fossil fuel production to reach new highs in 2023

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After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 Of the total US fossil fuel production in 2021, dry natural gas accounted for 46%, the largest share. US NGPL production increased by 4% in 2021.

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Indian Oil signs MOU with LanzaJet on sustainable aviation fuel production in India

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Indian Oil Corporation, India’s leading energy major, has entered into a memorandum of understanding (MOU) with LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. IndianOil is adopting mitigation efforts such as sustainable fuel alternatives to advance the country’s clean energy goals.

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Eni launching sustainable aviation fuel production

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Italy-based integrated energy company Eni is launching the production of alternative sustainable aviation fuel (SAF). Eni is planning on significant increases in its HVO production, and very strong growth in biojet. (“HVO: The raw materials used will be exclusively waste products such as UCO or fats.

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Marathon Petroleum, ADM to form soybean oil JV to support renewable diesel production

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MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC. Marathon Petroleum Corp.

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Imperial Oil and E3 Lithium partner on lithium pilot project, redeveloping historic oil field

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The pilot will support E3 Lithium’s Clearwater project, which will draw lithium from under the Leduc oil field, Imperial’s historic discovery that first launched major oil and gas development in Western Canada. This produces a very clean product for the development of high-purity battery-grade lithium compounds.

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