Remove 2005 Remove Companies Remove Gas Remove Oil
article thumbnail

China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. Nexen also has a 7.23%.

Oil-Sands 325
article thumbnail

Dominion Energy sets new goal of net zero emissions by 2050 for both power generation, natural gas operations

Green Car Congress

Dominion Energy announced a significant expansion of the company's greenhouse gas emissions-reduction goals, establishing a new commitment to achieve net zero emissions by 2050. The goal covers carbon dioxide and methane emissions, the dominant greenhouse gases, from both electricity generation and gas infrastructure operations.

Emissions 207
article thumbnail

INEOS investing additional $1.4B in Grangemouth complex in next phase of GHG reductions; blue hydrogen

Green Car Congress

billion) in Grangemouth, its integrated refinery and petrochemicals complex in Scotland, in the next phase of reducing greenhouse gas emissions to net zero by 2045. INEOS acquired Grangemouth in 2005, and has so far delivered a 37% reduction in net CO 2 emissions. INEOS will invest an additional £1 billion (US$1.4 Grangemouth.

Hydrogen 369
article thumbnail

When Will Russia Run Out Of Oil?

Green Car Congress

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Russia’s Oil Production 1970-2020 and Russia’s Deep-Hole Oil & Gas Exploration Drilling. In 2016, only 3.7

Russia 150
article thumbnail

Viridos executes agreement with ExxonMobil to help scale algae biofuels toward commercial levels

Green Car Congress

earlier known as Synthetic Genomics, has signed a joint development agreement with ExxonMobil Research and Engineering Company (EMRE) with the intent to bring Viridos’ low-carbon intensity algae biofuels toward commercial levels. Viridos Inc., —Vijay Swarup, vice president of Research and Development at ExxonMobil.

article thumbnail

Eni reports first oil from giant Kashagan field in North Caspian Sea

Green Car Congress

Eni announced that first oil from the giant Kashagan oil field has been produced. Afterwards, the production will increase progressively up to 370,000 barrels of oil equivalent per day. Kashagan is one of the largest oil fields discovered in the last 40 years, with estimated reserves of 35 billion barrels of oil in place.

Oil 218
article thumbnail

UK Government approves Statoil’s US$7B development of North Sea Mariner heavy oil field

Green Car Congress

The UK government’s Department of Energy and Climate Change (DECC) approved the field development plan put forward by Statoil and its co-venturers for the Mariner heavy oil field. The average production is estimated at around 55,000 barrels of oil per day over the plateau period from 2017 to 2020. Location of the Mariner field.

Mariner 225