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ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

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A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Click to enlarge.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. China: development of the Chuandongbei natural gas project. million barrels per day.

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ICCT study finds GHGs from shipping on the rise

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Container ships (23%), bulk carriers (19%) and oil tankers (13%) accounted for more than half of CO 2 emissions. Ships registered to Panama (15%), China (11%), Liberia (9%), Marshall Islands (7%), Singapore (6%), and Malta (5%) were the largest emitters. These flags account for 66% of the global shipping fleet’s deadweight tonnage.

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Eni reports important new discovery offshore Congo

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The exploration well, Nene Marine 3, was drilled in a water depth of 28 meters (92 feet) and encountered a significant wet gas and light oil accumulation in the pre-salt clastic sequence, outlining a significant extension to the west of the reservoir and its hydraulic continuity. billion barrels of oil equivalent in place.

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