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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6

Oil 210
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Report finds comparable safety records for railways and pipelines moving crude oil

Green Car Congress

Railways and pipelines are equally safe means of transporting crude oil, according to a report comparing safety data for each mode. Prior to 2012, rail moved less than 6,000 tank cars of fuel oil and crude oil per year. Beginning in 2012, however, the amount of crude oil transported by rail began to grow.

Oil 150
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Petrobras Sets New Monthly Oil Production Record; Transpetro Launches First Promef Suezmax Tanker

Green Car Congress

Brazil’s Petrobras set a new monthly oil production record in April. Separately, Brazil president Luiz Inácio Lula da Silva launched to sea the first oil tanker under the Transpetro Fleet Modernization and Expansion Program (Promef) at the Atlântico Sul Shipyard (EAS), in the port of Suape, state of Pernambuco. Oil production.

Oil 186
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Alberta’s IETP awarding $33M in allowances to 5 projects to reduce oil sands CO2 and water use, improve recovery

Green Car Congress

Alberta’s Innovative Energy Technologies Program (IETP) is supporting 5 new pilot projects to reduce energy use, water use and CO 2 emissions in oil sands processing as well as improving the recovery of crude oil and bitumen in reserves that were once unrecoverable. Imperial Oil Ltd., Imperial Oil Ltd. Lead organization.

Oil-Sands 218
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BP Announces Giant Oil Discovery in the Deepwater Gulf of Mexico

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BP announced a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico (GOM). The Tiber well is the deepest yet drilled in the industry. 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.

Mexico 225
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New Study Concludes Substantial Quantities of Greenhouse Gas Emissions from Land-Use Change in the Boreal Forests for Oil Sands Production Are Unreported

Green Car Congress

A new study released by Global Forest Watch Canada finds that significant amounts of greenhouse gases are emitted through the disturbance and/or removal of biocarbon (trees, shrubs, peats), which overlay Alberta’s oil sands. These land-use change emissions have not previously been measured nor reported by governments and industry.

Oil-Sands 191
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Dept. of Interior proposes more stringent regulations for offshore oil and gas well equipment

Green Car Congress

Five years after the Deepwater Horizon disaster, the Department of the Interior has proposed new regulations that include more stringent design requirements and operational procedures for critical well control equipment used in offshore oil and gas operations. Require compliance with the latest industry standards contained in API Standard 53.

Oil 150