IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider.

2018 85

Lux: nearly $7B in private investment in emerging oil & gas E&P technologies over last decade

Green Car Congress

In the peak (by dollars) year of 2011, $866 million went to a single startup, Laricina Energy, and its process involving solvent-cyclic steam assisted gravity drainage (SC-SAGD) to boost production of bitumen from Canada’s oil sands. There have been 136 acquisitions between 2003 and 2013.

2014 98

Oil Hits $100 a Barrel

Plugs and Cars

NY Times reporting: Oil prices reached the symbolic level of $100 a barrel for the first time on Wednesday, a long-awaited milestone in an era of rapidly escalating energy demand. Crude oil futures for February delivery hit $100 on the New York Mercantile Exchange shortly after noon New York time, before falling back slightly. Oil prices, which had fallen to a low of $50 a barrel at the beginning of 2007, have quadrupled since 2003.

2008 100

EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

Green Car Congress

million barrels per day (bbl/d) in 2003 to more than 2 million bbl/d in 2013, according to figures from the US Energy Information Administration (EIA). Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs.

2014 101

Chevron Confirms first oil production from deepwater Papa-Terra offshore Brazil

Green Car Congress

Chevron’s Brazilian subsidiary and Petrobras have started crude oil production from Papa-Terra’s floating production, storage and offloading vessel (FPSO) offshore Brazil. Papa-Terra has installed capacity to produce 140,000 barrels of heavy crude per day; the project is estimated to recover 380 million barrels of oil.

New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

Green Car Congress

The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. The publication of the study coincides with the close of the comment period on a new US Environmental Protection Agency (EPA) analysis of the carbon intensity of palm oil biodiesel.

2012 103

Japan will begin test drilling for oil and gas off Niigata coast in 2013

Green Car Congress

Japan’s Ministry of Economy, Trade and Industry (METI) will begin test drilling for oil and natural gas in the Sea of Japan off the coast of Niigata Prefecture in April 2013. and Japan Oil, Gas and Metals National Corp. Nikkei.

2012 108

First oil from ultra-deepwater Jack/St. Malo project in US Gulf of Mexico

Green Car Congress

Chevron announced that crude oil and natural gas production has begun at the ultra-deepwater Jack/St. They were discovered in 2004 and 2003, respectively, and production from the first development stage is expected to ramp up over the next several years to a total daily rate of 94,000 barrels of crude oil and 21 million cubic feet of natural gas. Crude oil from the facility will be transported approximately 140 miles (225 km) to the Green Canyon 19 Platform via the Jack/St.

Suncor Energy Receives Conditional Regulatory Approval for Oil Sands Tailings Management Plan; Projected 30% Reduction in Volume

Green Car Congress

Suncor Energy has received conditional approval for its oil sands fluid tailings management plan from Alberta’s Energy Resources Conservation Board ( ERCB ). Tailings are a mixture of fine clay, sands, water and residual bitumen produced through the oil sands extraction process, and are held in massive “ponds”. Suncor has been researching, developing and testing the TRO technology since 2003. Kirk Bailey, executive vice president, Oil Sands. Tags: Oil sands

BP begins shipping crude oil for US West Coast through transPanama Pipeline

Green Car Congress

has started shipping crude oil bound for the US West Coast through Petroterminal de Panama ( PTP )’s trans-Panama pipeline, marking the start of a seven-year transportation and storage agreement between BP and PTP. million barrels of PTP’s storage located on the Caribbean and Pacific coasts of Panama and committed to east-to-west crude oil shipments averaging 100,000 barrels per day through PTP’s trans-Panama pipeline. BP Products North America Inc.

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 Tiber well was drilled to a total depth of approximately 35,055 feet (10,685 metres) making it one of the deepest wells ever drilled by the oil and gas industry.

2009 104

Shell Begins Production at Parque das Conchas Offshore Brazil; Deep Water and Heavy Oil Required New Technologies

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Shell began production at its multi-field Parque das Conchas (BC-10) project 110 kilometers (68 miles) off Brazil’s south-east coast, where heavy oil resources lie beneath waters nearly two kilometers deep in the Campos Basin. million barrels of oil for shipment to shore by transport tankers.

2009 78

Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

Green Car Congress

Warning that “ there are no quick fixes ” and that “ we will keep on being a victim to shifts in the oil market until we get serious about a long-term policy for secure, affordable energy ”, US President Barack Obama announced a goal of cutting US oil imports by one-third by 2025 from the 2008 level of 11 million barrels of oil per day. The Administration is pushing the oil industry to produce on leases already held.

2011 91

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

Green Car Congress

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. The well encountered about 166 net feet (50 meters) of hydrocarbons in the objective Miocene hydrocarbon-bearing sands and discovered an oil column of more than 300 feet (91 meters). interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6%

2011 78

Linde to Supply Hydrogen to CITGO’s Illinois Oil Refinery for ULSD Production

Green Car Congress

Linde has executed a new long term contract with PdV Midwest Refining LLC to supply hydrogen to the company’s CITGO Lemont, Illinois, oil refinery. Linde has been providing hydrogen to CITGO for clean fuels production at the Lemont site from a 15 mmscfd plant that began operating in 2003. The hydrogen will be produced by a new plant that Linde is building for CITGO’s production of ultra-low sulfur diesel (ULSD) fuel.

Canada files to define outer limits of expanded Atlantic continental shelf; preliminary filing on Arctic, targeting North Pole

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Canada became party to UNCLOS on 7 December 2003. Arctic Canada Market Background Natural Gas Oil Overview of the outer limits of the expanded Canadian continental shelf in the Atlantic Ocean. Click to enlarge.

2013 106

Demand for petrol continues to fall

Green Cars News

This made it the lowest July for demand since 2003, with the exception of the recession-hit 2008. Tags: Green cars Latest news American Petroleum Institute crude oil imports gasoline gasoline demand petrol petrol demand US crude oil production US petrol demand Gasoline deliveries in the US fell in July, continuing weak deliveries for the first half of the year. According to the American Petroleum Institute, deliveries reached 9.3million barrels a day - a fall of 0.03

Petroleum demand in US in July rose 2.2% year-on-year; highest July for crude production since 1920

Green Car Congress

Demand for and production of oil and refined products were the highest July in eight years, since 2007, said API Chief Economist John Felmy. million barrels per day, US crude oil production increased by 8.8% This was the highest July level since 1920 for crude oil production. the number of oil and gas rigs in the U.S. Last month’s count was the second lowest count since January 2003. Total petroleum deliveries (a measure of demand) grew by 2.2%

2015 78

Tesla Powered Th!nks?

Plugs and Cars

It is the car that brought me forth out of the oil age, and made me realize it was not technology, batteries, or consumer acceptance that was keeping electric cars out of the showroom. The redesigned 2003 Th!nk Michael Kanellos over at CNetNews.com reports from the recent Clean-Tech Investor Summit that Tesla Motors will be selling its battery packs to other electric car companies. First in line appears to be Th!nk nk Global of Norway with its ready-for-manufacture Th!nk nk City.

2007 100

DuPont licenses cellulosic ethanol technology to NTL; beginning development of largest cellulosic ethanol plant in China

Green Car Congress

NTL) was founded in 1988 and acquired by Ginsber Beer Group in 2003. NTL is one of the largest corn refinery plants in the northeast of China with the production and sale of potable alcohol, chemical reagent (absolute ethyl alcohol), corn oil (raw material), etc. DuPont and Jilin Province New Tianlong Industry Co.,

2015 75

Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

Bush in 2003 committed$1.2 from its reliance on imported oil. Oil prices are going to go up.

2009 58

US petroleum demand grew 5.4% in May; highest production since May 1972; highest crude stock inventory since 1930

Green Car Congress

Fuel demand was up across the board last month, but stocks of crude oil and gasoline remained elevated thanks to robust production. Over the same period, demand also rose for jet fuel (11.5%), residual fuel (1.3%) and “other oils” (13.8%). million barrels per day, US crude oil production increased by 10.7% Year-to-date domestic crude oil production was 13.8% the number of oil and gas rigs in the US in May was 889, a drop of 8.9% Crude oil imports were down by 2.4%

2015 85

Plug-In Hybrids (or Plugin Hybrids)

Tony Karrer Delicious EVdriven

For people looking for the most effective way to end our addiction to oil, PHEVs have made sense because carmakers can build them now, with todays technology and using todays infrastructure. About CalCars Plug-In Hybrids FAQ How to Get a PHEV Where PHEVs are Car-Makers Say.

JAPEX, JDC and INPEX jointly support JOGMEC’s medium and long-term offshore production test of methane hydrate

Green Car Congress

JDC) and INPEX Corporation (INPEX) have concluded a contract to support Japan Oil, Gas and Metals National Corporation’s (JOGMEC’s) medium and long-term offshore production test of methane hydrate. The three companies will provide the technologies and know-how they have cultivated through the exploration and development of oil and natural gas for Japan’s research concerning methane hydrate. Japan Petroleum Exploration Co., JAPEX), Japan Drilling Co.,

2014 84

Hess plans to develop Tubular Bells field in the deepwater Gulf of Mexico for estimated $2.3B

Green Car Congress

Hess Corporation will proceed with the development of Tubular Bells, a deepwater oil and gas project operated by Hess in the Gulf of Mexico. Discovered in 2003, Tubular Bells is located approximately 135 miles southeast of New Orleans in the Mississippi Canyon area. Annual gross production is expected to peak in the range of 40,000-45,000 barrels of oil equivalent per day.

2011 65

API reports that US gasoline, diesel demand continued to recover in October

Green Car Congress

US crude oil production in October rose to 5.5 million barrels per day, marking the highest production level for any October since 2003. Following the summer maintenance season, Alaskan crude oil production, at 654,000 barrels per day in October, was higher than September, but was 0.6% US crude oil inventories continued to build in October, the fourth consecutive month-to-month increase.

2010 73

Report: Top Japan and S. Korea refiners to join forces

Green Car Congress

The Nikkei reported that the top oil refiners in Japan and S. Korea—JX Nippon Oil & Energy Corp. —will join forces in petrochemicals and lubricating oils. Production of paraxylene, an oil-based raw material for synthetic fibers and plastics, is expected to begin around 2014. In its report, the Nikkei noted that market for petroleum products in Japan has been in decline since fiscal 2003. Among other Japanese refiners, Cosmo Oil Co.

2011 78

IEEE: Will CARB Take Part in Plug-in Car Revival?

Plugs and Cars

Oil companies shut out of electric markets are exploring biofuels and hydrogen as potential markets they could control. That which they don't kill (EVs in 2003) they hope to delay (FCVs in 2008). The IEEE Spectrum Magazine for November 07 touts on its cover "Battery or Fuel-Cell Cars? A California Cabal Will Decide." Interesting choice of headlines.

2007 100

US petroleum demand up 6.5% in November

Green Car Congress

Domestic crude oil production stood at 5.44 from October, but the highest total for any November since 2003. million barrels a day of crude oil and product imports were lower than November a year ago by 1.1%, driven by double digit declines in product imports. Crude oil imports were 5% higher than a year ago, averaging 9.1 While the highest total for any November since 1987, domestic crude oil inventories were lower than last month.

2010 69

Continental supplying transmission control unit, sensor cluster and software for Great Wall 7DCT

Green Car Congress

The first DCT was successfully launched worldwide in 2003. To achieve best fuel economy, an electric oil pump is also controlled and actuated according to an efficient power-on-demand principle.

2017 78

Pearson Fuels opening 13 E85 fueling sites in SoCal

Green Car Congress

Pearson Fuels of San Diego, CA and G&M Oil Company of Huntington Beach, CA will open 13 E85 fueling sites in Southern California in San Bernardino, Orange, Riverside and San Diego counties. Pearson Fuels has grown from one alternative fuel station opened in San Diego in 2003 to become California’s largest independently owned ethanol distributor.

2015 76

Sinochem and Statoil Sign Cooperation Agreement

Green Car Congress

The MoU follows the Peregrino-transaction where Sinochem bought a 40% share in the oil field offshore Brazil. Sinochem Group, incorporated in China in 1950, is 100% state-owned and is China’s 4 th largest oil company and the largest integrated agrichemical product and service provider. Sinochem Group has operated in the international oil business for several decades and started making its first overseas oil and gas investments in 2003.

2010 65

US Gasoline Demand Drops 0.03% in July But Total Petroleum Demand Up 3.8%

Green Car Congress

Except for 2008, it was the lowest July gasoline demand number since 2003. Domestic crude oil production rose marginally in July over June 2010 to 5.4 Crude oil imports rose by 5.6% Crude oil and gasoline stocks continued to build from June levels and also were up from July a year ago.

2010 76

Chevron Sanctions Development of Deepwater Jack/St. Malo Project in the Gulf of Mexico; Initial Development Cost of ~$7.5B

Green Car Congress

It will include three subsea centers tied back to a hub production facility with a capacity of 170,000 barrels of oil and 42.5 Malo fields are estimated to contain combined total recoverable resources in excess of 500 million oil-equivalent barrels. Seven exploration and appraisal wells have been successfully and safely drilled at these fields since 2003. Chevron Corporation has sanctioned development of the Jack/St.

2010 73

Shell Announces Significant new Discovery in Deepwater Gulf of Mexico

Green Car Congress

Shell announced a “significant” new oil discovery in the deepwater eastern Gulf of Mexico, adding to discoveries in the area from 2009. Shell drilled the discovery well, located on Mississippi Canyon block 392, to a depth of 7,643 meters (25,077 feet) and encountered approximately 162 meters (530-feet) of oil pay. Shell then drilled an appraisal sidetrack to 7,910 meters (25,950-feet) and encountered approximately 116 meters (380-feet) of oil pay.

Shell to boost deepwater and ultra-deepwater production off Brazil

Green Car Congress

The Bijupirá/Salema fields have produced close to 100 million boe since startup in 2003. Once online, Phase 3 of the BC-10 project is expected to reach a peak production of 28,000 barrels of oil equivalent (boe) per day (Shell share 50%, Petrobras 35%, ONGC 15%).

Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

Green Car Congress

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. million b/d production capacity, but in early July Libya’s National Oil Corp.

2008 60

Sakhalin-1 project drills world’s longest extended-reach well

Green Car Congress

The ERD process enables onshore drilling beneath the seafloor to the offshore oil and gas reservoirs in one of the most challenging sub-arctic environments in the world. Since the first Sakhalin-1 well was drilled in 2003, six of the world’s 10 record-setting ERD wells have been drilled at the project. Since startup, the Sakhalin-1 project has produced approximately 300 million barrels (39 million tons) of oil for export to world markets.

2011 73

Researchers in China investigate use of coal as source of lithium

Green Car Congress

Coal could become a major source of the metal lithium, according to a review of the geochemistry by scientists from Hebei University of Engineering in China published in the International Journal of Oil, Gas and Coal Technology. Worldwide annual consumption of lithium grew from 15,100 tonnes in 2003 to 37,000 tonnes by 2012, a 145% increase; demand is expected to rise even further with the move towards sustainable power and electrical storage capacity increases.

2015 73

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

But Exxon/Mobil had no such money problems. “We’ve had one record profit quarter after another,&# said a spokesperson for the oil company. Eight in 10 (80%) believe steps should be taken right away, a percentage that has increased 7 points since 2003.

Will CARB’s New Rules Damage EV Startups?

Revenge of the Electric Car

In addition, proponents of the nascent plug-in hybrid industry say the air resources board also may snuff out a key component of what environmentalists believe will be the next generation of eco-friendly cars, thereby hampering our ability to wean ourselves from foreign oil, avoid petroleum wars in the Middle East, and slow the potentially devastating effects of global warming. Paul Guzyk and Daniel Sherwood of 3Prong Power. Photograph by Chris Duffey.

2009 100

BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

Green Car Congress

BP also confirmed the recently-announced Pitu oil discovery in the frontier deepwater of the Potiguar basin off Brazil’s equatorial margin, announced by Petrobras. The lease for Keathley Canyon Block 93 was acquired in the Western Gulf of Mexico Lease OCS Sale 187 in 2003.

Angola 102

Schwarzenegger's Green Cred Fading with CARB Caos

Plugs and Cars

He has accepted $1 million in campaign cash from the oil industry, and he had threatened to veto the global warming bill unless it was made more business-friendly. I think they're trying to control it, and they don't have a very cogent vision for what's needed," said Catherine Witherspoon, who has managed the agency since 2003. The CARB mess is taking the shine off Arnold Schwarzenegger's supposed environmentalism. The firings and their implication has gone international.

2007 100