article thumbnail

EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

Green Car Congress

Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

article thumbnail

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

Green Car Congress

Venezuela acted as a check on the overall level though, as the crisis-hit country’s production continues to hit fresh lows. If the situation persists, the case for a return to some kind of production cap may gain traction. —Eklavya Gupte, senior editor for S&P Global Platts. million b/d in June in order to meet domestic demand.

article thumbnail

EIA: nearly 69% of US crude oil imports in 2011 originated from 5 countries; Canada alone accounted for 25%

Green Car Congress

The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration. Crude oil imports of 1.1

article thumbnail

PDVSA and Eni to Form Joint Ventures to Produce and Refine Heavy Crude Oil in Orinoco Region; Targeting 240,000 Barrels per Day

Green Car Congress

Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. In early 2008 the firm Ryder Scott certified about 40 billion barrels of original oil in place on the Junin 5 block.

Venezuela 186
article thumbnail

ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

article thumbnail

GM Daewoo Considering Hybrid for 2011

Green Car Congress

In addition, GM Daewoo provides market and brand-specific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela. In 2008, GM Daewoo sold in Korea and exported more than 1.9 It has five manufacturing facilities in Korea as well as an assembly facility in Vietnam.

2011 150
article thumbnail

ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Green Car Congress

A former British colony located on the northeast coast of South America, Guyana borders Venezuela, Brazil and Suriname. ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first exploration well in 2015.

Guyana 150