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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

Oil 370
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Production of crude oil as a percentage of proved reserves: Recent worldwide and US trends

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In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world overall and in the United States alone. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. Production (billion barrels).

Oil 342
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Cemvita demonstrates “gold hydrogen” production in situ, sets up subsidiary

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Cemvita defines Gold Hydrogen as the biological production of hydrogen in the subsurface through the consumption of trapped or abandoned resources. The hydrogen production in this trial exceeded our expectations. According to recent studies, the global green hydrogen market size was valued at US$0.3 billion in 2020.

Hydrogen 482
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Neste studying transitioning Porvoo refinery to a renewable & circular site; ending crude oil refining in mid-2030s

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Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. Neste will also continue to actively study opportunities of green hydrogen at its Porvoo refinery.

Oil 259
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Study finds carbon emissions benefits of reduction in oil demand depend on size of drop and global oil market structure

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New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.

Oil 305
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TotalEnergies and ENEOS to study sustainable aviation fuel production at ENEOS Negishi Refinery

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TotalEnergies and ENEOS Corporation jointly conduct a feasibility study to assess the production of Sustainable Aviation Fuel (SAF) in ENEOS Negishi Refinery in Yokohama, Japan. The companies have already started to conduct the study for feedstock procurement and production of SAF related to this project.

Fuel 186
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S&P Global report forecasts absolute emissions from Canadian oil sands to decline even as production grows

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By the middle of this decade greenhouse gas (GHG) emissions from Canadian oil sands production should be in decline even as production continues to grow, according to a new comprehensive report by S&P Global Commodity Insights that takes into account current technology trends and production growth. —Kevin Birn.

Oil-Sands 186