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Lawrence Livermore publishes state-by-state energy/water Sankey diagrams

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For the first time, Lawrence Livermore National Laboratory (LLNL) has published state-by-state energy and water Sankey diagrams in one location so that analysts and policymakers can find all the information they need in one place. General location of energy and water categories.

Water 231
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IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

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Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil 199
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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.

Oil 186
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Diamond Green Diesel to boost renewable diesel capacity to 1.2B gallons/year; $1.45B expansion project

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billion to be split equally between the joint venture partners and funded from internal cash flows provided by DGD. —Joe Gorder, Valero Chairman and Chief Executive Officer, To produce renewable diesel, Diamond Green Diesel first pretreats used cooking oil and inedible animal fats to remove impurities. billion gallons per year.

Diesel 397
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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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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
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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At present, the main issue being reported on is that there has been corrosion of the water injection system, which is used to keep pressure in the reservoir.

Oil 186
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NuScale Power secures $40M, support for SMR deployment from JGC Holdings

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As part of a commercial relationship with Fluor Corporation—NuScale’s majority investor and EPC partner in the United States—JGC HD will provide a $40-0million cash investment in NuScale Power and partner with Fluor on the deployment of NuScale Power Plants.

Power 207