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New inventory of black carbon emissions from China finds 2007 levels higher than previously reported

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for year 2007. A new black carbon (BC) emissions inventory from China found BC emissions levels in 2007 of 1,957 Gg BC—higher than reported in earlier studies. Comparison of relative contributions from various sources to total BC emissions between China and other countries/regions including India, North America, and Africa.

2007 271
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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d in 2009-2010. —US EIA. Source: EIA. Click to enlarge.

Oil 297
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IIASA: removing fossil fuel subsidies will not reduce CO2 emissions as much as hoped

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However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. First, these subsidies generally apply only to oil, gas, and electricity. This is facilitated by today’s low oil prices. This equates to 0.5-2

Emissions 186
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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

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Through the swap, BASF aims to further expand its production of oil and gas via its wholly owned subsidiary Wintershall —Germany’s largest internationally active crude oil and natural gas producer—and to exit the gas trading and storage business. billion barrel of oil equivalent. This is equivalent to a total of 2.4

Gas 218
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The Suez chokepoint

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The US Energy Information Administration recently updated its brief on world oil transit chokepoints—one of which is Egypt’s Suez Canal. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits, the agency notes. million bbl/d of crude oil in 2007 to 1.1

Egypt 236
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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

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The feasibility study will consider two options: a 2 million tons per year (roughly 40,000 barrels of oil equivalent per day) facility and a 4 million tons per year (roughly 80,000 boepd) facility. In partnership with Qatar Petroleum, it started up its first international GTL plant, Oryx GTL, in 2007. Earlier post.)

Louisiana 210
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BP Exits Jatropha Joint Venture with D1

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D1 Oils plc will acquire BP’s 50% interest in D1-BP Fuel Crops Limited, its joint venture with BP for the planting of jatropha curcas. Earlier post.). To the extent not already paid, the £600,000 deferred consideration is payable by D1 at the latest by 31 December 2014.

Africa 170