article thumbnail

Shell starts production at Vito in US Gulf of Mexico; new, simplified design

Green Car Congress

With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the GoM to employ a simplified, cost-efficient host design. Shell is the leading operator in the US Gulf of Mexico for oil and gas production. Vito is Shell’s 13 th deep-water host in the Gulf of Mexico.

Mexico 221
article thumbnail

Argentina and Venezuela to cooperate in $2.2B 100,000 bpd extra-heavy oil joint venture in Orinoco Belt

Green Car Congress

Argentina and Venezuela will form a joint venture targeting production of 100,000 barrels of extra-heavy oil per day in the Junin field area of the Orinoco Oil Belt. The US Geological Survey (USGS) characterizes extra-heavy oil as having an API gravity of less than 10°. billion project will also include a refinery.

Venezuela 210
article thumbnail

European Biodiesel Production Up 16.6% in 2009

Green Car Congress

in 2009 to 9 million tonnes, compared to the prior year, according to figures from the European Biodiesel Board (EBB). In 2009, biodiesel represented about 75% of biofuels produced in Europe (bio-ethanol fuel production last year being. The EC imposed anti-dumping and countervailing measures in March 2009. low levels.

2009 230
article thumbnail

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. of all global fuel for road transportation—an increase from 2% in 2009, according to the report. Biofuels provided 2.7%

2010 256
article thumbnail

Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

Green Car Congress

The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO is a US producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States.

Oil 186
article thumbnail

Petrobras Announces New Discovery in the Deepwater Caratinga Field; Production Up 3.2% in April

Green Car Congress

Petrobras announced the discovery of two new light oil accumulations (29° API) in reservoirs in the post- and pre-salt layer in deep Campos Basin waters. The recoverable volumes are estimated at about 105 million barrels of oil equivalent there. The exclusive oil production in domestic fields was 2,032,620 barrels per day, 2.9%

article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. As a result, IHS Automotive is expecting 2015 sales in Argentina of roughly 500,000 units. million units.

2015 150