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California oil producer applies for LCFS credits for producing crude oil using solar-generated power

Green Car Congress

Under California’s Low Carbon Fuel Standard (LCFS), crude oil producers may generate credits for oil that has been produced using innovative methods and delivered to California refineries for processing. Seneca Resource Corporation (Seneca) has applied for LCFS credits for producing crude oil using solar generated electricity.

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BioJet Corporation and Camelina Producer Great Plains Oil Team to Produce Renewable Jet Fuels

Green Car Congress

BioJet Corporation and Great Plains Oil & Exploration have executed a Teaming Agreement for the purpose of producing renewable jet fuels. BioJet Corporation was formed with the objective of being a leading supply chain integrator in biojet fuel for aviation—specifically Synthetic Paraffinic Kerosenes (Bio-SPK).

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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

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(CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. since 2015.

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Marathon Announces First Oil from Deepwater Droshky Development in Gulf of Mexico

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Marathon Oil Corporation announced that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. At year-end 2009, Droshky had booked proved reserves of approximately 26 million boe. The new well had already been drilled at the time of the incident.

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PDVSA signs $4B loan agreement with China Development Bank for expansion of heavy oil production in Orinoco

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billion, 8-year loan agreement with China Development Bank (CDB) for boosting production at the Sinovensa heavy oil joint venture in the Orinoco belt from 140,000 barrels per day to 330,000 barrels per day by 2016. The Orinoco Oil Belt Assessment Unit of the La Luna?Quercual Venezuela’s PDVSA signed a $4.0-billion, Schenk C.J.,

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Repsol and Alliance Oil to form an exploration and production JV in Russia

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Repsol and Alliance Oil Company have signed a Memorandum of Understanding to form a joint exploration and production (E&P) venture that will serve as a growth platform for both companies in the Russian Federation, the world’s largest oil and gas producer. Repsol also owns a 74.9%

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Carbon Capture at Totals Joslyn Oil Sands Project Not Likely Until Around 2020

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Total will not use carbon capture technology in the first phase of its Joslyn North Mine oil sands project, citing excessive cost. In 2009, the company suggested it was considering carbon capture and storage in its oil sands projects in Canada. Edmonton Journal. In July, Total E&P Canada Ltd. Earlier post.).

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