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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

Green Car Congress

Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion. Malo production facility operated by Chevron USA Inc.

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Neste publishes updated info about crude palm oil suppliers; feedstock for renewable diesel

Green Car Congress

Neste has published updated information about all its crude palm oil suppliers on the company’s website. all companies, mills, and estates that supplied Neste with crude palm oil in 2016. All the crude palm oil the company has used has been fully traceable to the oil palm plantation level since 2007, and 100% certified since 2013.

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Total to Acquire UTS Corporation and Its 20% Interest in Fort Hills Oil Sands Project for C$1.15B

Green Car Congress

a Total subsidiary, has signed an agreement with UTS Energy Corporation (UTS) to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills oil sands mining project in Alberta, Canada. Phase 1 production began in 2007 and currently averages 20,000 barrels per day. Total E&P Canada Ltd.,

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Statoil postponing Corner oil sands project for minimum of 3 years; rising costs, limited pipeline access

Green Car Congress

Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. —Statoil Canada country manager Ståle Tungesvik.

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Statoil Canada oil sands SAGD project produces first oil

Green Car Congress

Statoil Canada has produced first oil from its SAGD (steam-assisted gravity drainage) Leismer Demonstration Project (LDP) in the Canadian oil sands after initiating steam injection in September 2010, one month ahead of schedule. Future phases of the Kai Kos Dehseh steam assisted gravity drainage (SAGD) project are also under study.

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CNPC and PDVSA to invest $14B to develop Junin 10 in Orinoco extra-heavy oil belt

Green Car Congress

China National Petroleum Corporation (CNPC) and Venezuela’s PDVSA (Petróleos de Venezuela SA) will invest about $14 billion to develop the Junin 10 block in the Orinoco extra heavy oil belt in Venezuela, according to a tweet sent out by Rafael Ramirez, the Venezuelan petroleum minister. degree API crude to upgraded crude of 35.7

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Thailand enters the Canadian oil sands; Statoil selling 40% interest to PTTEP for US$2.28B

Green Car Congress

Statoil has agreed to sell a 40% interest in its oil sands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand. Future development of the oil sands leases will proceed in a stepwise manner.

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