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Oil Well Strippers Suffering From Low Oil Prices

Green Car Congress

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.

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BP Announces Giant Oil Discovery in the Deepwater Gulf of Mexico

Green Car Congress

BP announced a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico (GOM). The well, located in Keathley Canyon block 102, approximately 250 miles (400 kilometers) south east of Houston, is in 4,132 feet (1,259 metres) of water. The well found oil in multiple Lower Tertiary reservoirs.

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Nexans Secures Major Frame Agreement with BP Worth Up to $300M for Deep Water Umbilical Projects in the Gulf of Mexico

Green Car Congress

for deep water umbilical projects in the Gulf of Mexico that could be worth as much as $300 million in total. and Nexans for the Gulf of Mexico, which ran from 2002 to 2008. Nexans, a leader in the cable industry, has secured a frame agreement with BP Exploration & Production Inc.

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BP announces significant resource extension of Mad Dog Field in deepwater Gulf Of Mexico; total hydrocarbons estimated at up to 4B barrels of oil equivalent

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Pending confirmation through future appraisal drilling, the total hydrocarbons initially in place in the Mad Dog field complex are now estimated to be up to four billion barrels of oil equivalent. in about 4,500 feet (1,371 meters) of water. —Bob Dudley, BP group chief executive. BHP Billiton has a 23.9%

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California 2017 GHG inventory shows 1.2% total drop from 2016; transportation sector emissions up 1%

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Transportation sector emission sources include combustion of fuels utilized in-state that are used by on-road and off-road vehicles, aviation, rail, and water-borne vehicles, as well as a few other smaller sources. It does not include emissions from petroleum refineries and oil production. Source: ARB. MMTCO 2 e (6%) from 2013 to 2017.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Source: KPMG. Click to enlarge. billion by 2032.