Green Car Congress

MARCH 10, 2020

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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Oil 2020 Global Market 300

Green Car Congress

AUGUST 6, 2020

New research by the IHS Markit Canadian Oil Sands Dialogue shows that the combined greenhouse gas (GHG) intensity of Canadian oil sands projects has declined 20% from 2009 levels. The latest data show that the greenhouse gas intensity of Canadian oil sands going down further, continuing a decade-long trend.

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Oil-Sands Oil Gas 2009 250

Green Car Congress

DECEMBER 17, 2013

Neste Oil has achieved its long-term target of using only certified palm oil as an input for its renewable diesel (NExBTL) production process. The original target, set in 2009, was that 100% of the raw palm oil used would be certified by the end of 2015.

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Oil Waste Renewable 2007 231

Green Car Congress

SEPTEMBER 16, 2014

The coal-rich Powder River Basin is also experiencing a turnaround in oil production, according to the US Energy Information Administration (EIA). Production has rebounded from a low of 38,000 barrels per day (bbl/d) in 2009 to 78,000 bbl/d during first-quarter 2014. Click to enlarge.

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Oil South Dakota Wyoming Production 225

Green Car Congress

APRIL 13, 2012

The ratio between the spot prices of crude oil and natural gas has been generally increasing since January 2009, but it has climbed rapidly in recent months, according to data from the US Energy Information Administration (EIA). The crude oil-to-natural gas spot price ratio has implications for production and consumption.

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Oil Gas Price Oil Prices 255

Green Car Congress

FEBRUARY 4, 2012

The US Bureau of Land Management (BLM) has published the Notice of Availability (NOA) of the Draft Programmatic Environmental Impact Statement (PEIS) and Possible Land Use Amendments for Allocation of Oil Shale and Tar Sands Resources on Lands Administered by the BLM in Colorado, Utah and Wyoming.

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Oil-Sands Oil Commercial Available 252

Green Car Congress

SEPTEMBER 20, 2011

Neste Oil has successfully started up Europe’s largest renewable diesel plant in Rotterdam in the Netherlands. The Rotterdam plant has a capacity of 800,000 t/a and will increase Neste Oil’s total renewable diesel capacity to 2 million t/a. The plant was completed on-schedule and on-budget.

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Renewable Oil Diesel Europe 239

Green Car Congress

APRIL 20, 2013

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).

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Saudi Arabia Oil Iraq Venezuela 262

Green Car Congress

OCTOBER 18, 2011

a renewable oil and bioproducts company, announced the continuation and expansion of its relationship with Unilever. The two companies have been collaborating since 2009 on the research and development of tailored oils utilizing Solazyme’s technology platform and Unilever’s broad knowledge in the consumer goods space.

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Oil Renewable Supplies Personal 231

Green Car Congress

MARCH 19, 2013

Each year, 80 million tonnes of oil are shipped off Canada’s East and West Coasts. Oil tankers have been moving along Canada’s West Coast since the 1930s. In 2009-2010, there were about 1,500 tanker movements on the West Coast, among 475,000 vessel movements in the area. In 2009, about 8.4

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Canada Oil Mariner Water 225

Green Car Congress

NOVEMBER 25, 2010

2009 Honda Formula One chassis configuration, showing KERS component location. The motor was cooled by engine oil and the PCU was cooled by a dedicated coolant loop. Operating motor speed would be roughly equivalent to engine speed, with a range of 13,000 to 21,000 rpm (engine speed was limited to 18,000 rpm during the 2009 F1 season).

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Honda Motor Motors Motoring 410

Green Car Congress

DECEMBER 22, 2020

The graph below shows the effect of the oil embargo in the early 1980s. From 2002 to 2008, the price of gasoline rose substantially, but then fell sharply in 2009 during the economic recession. In 2012, prices reached the highest level in both current and constant dollars but began a steep decline thereafter.

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Gasoline 2019 Price 2002 418

Green Car Congress

JANUARY 19, 2012

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. Source: EIA.

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Venezuela Argentina Oil Oil-Sands 210

Green Car Congress

MARCH 28, 2013

With a capacity of 58,000 bbl/d, its primary products include diesel fuel, jet fuel, heavy fuel oils, and liquefied petroleum gas. Much of the increase in demand has been fueled by the boom in crude oil production from the new wells in the Bakken Formation in North Dakota’s northwest corner.

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North Dakota Oil Production Diesel 225

Green Car Congress

JUNE 29, 2012

announced the successful commissioning of its first fully integrated biorefinery (IBR) in Peoria, Illinois, to produce algal oil. With the successful production of algal oil from the integrated facility this month, Solazyme has met its start-up goals for the facility on schedule. Solazyme, Inc. Solazyme, Inc.

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Illinois Oil Renewable Production 218

Green Car Congress

SEPTEMBER 6, 2011

Researchers from Japan and Mexico have developed a one-step hydrotreatment process over catalysts containing Ni-Mo and solid acids for the conversion of vegetable oils (Jatropha, palm and canola) to renewable diesel and LPG fuels. Jatropha oil produced the highest yield (wt %) of renewable diesel (83.5%), with 4.9%

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Oil Diesel Renewable Conversion 230

Green Car Congress

SEPTEMBER 9, 2011

As part of a Tullow-operated joint venture, Shell confirmed an oil discovery in the Guyane Maritime permit approximately 150 kilometers offshore French Guiana. The well has encountered over 70-meters of net oil pay in two objectives. The joint venture plans to drill ahead to the planned target depth.

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Oil 2009 2010 GM 223

Green Car Congress

DECEMBER 24, 2019

ExxonMobil announced an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15 th discovery on the Stabroek Block. Mako-1 encountered approximately 164 feet (50 meters) of a high-quality oil bearing sandstone reservoir. Earlier post.). Earlier post.). The Stabroek Block is 6.6 Krebs, John E.

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Guyana Oil 2019 2009 221

Green Car Congress

FEBRUARY 5, 2013

Neste Oil has decided to build an isomerization unit at its Porvoo refinery. In addition to its importance for Neste Oil, the new unit represents a major industrial investment nationally in Finland. —Matti Lehmus, Neste Oil’s Executive Vice President, Oil Products and Renewables.

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Gasoline Oil Finland Production 199

Green Car Congress

JANUARY 9, 2012

Statoil ASA, together with its partners Eni Norge AS and Petoro AS, made a substantial oil discovery in the Havis prospect in the same licence as Skrugard (PL532) in the Barents Sea. Well 7220/7-1, drilled by the drilling rig Aker Barents, has proved a 48-meter gas column and a 128-meter oil column.

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Oil 2009 Connected Connect 210

Green Car Congress

JUNE 23, 2011

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

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Chevron Oil Oil-Sands Production 244

Green Car Congress

NOVEMBER 13, 2011

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.

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Oil Transportation Cheap Energy 247

Green Car Congress

FEBRUARY 3, 2012

has started shipping crude oil bound for the US West Coast through Petroterminal de Panama ( PTP )’s trans-Panama pipeline, marking the start of a seven-year transportation and storage agreement between BP and PTP. Crude oil tankers too large to navigate the Panama Canal sail around Cape Horn in South America to reach the US West Coast.

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Panama Oil South America Alaska 210

Green Car Congress

AUGUST 17, 2012

Neste Oil and Stora Enso have decided not to progress with their plans to build a commercial-scale biomass-to-liquids plant using a Fischer-Tropsch process with wood biomass feedstock. —Neste Oil’s President & CEO, Matti Lievonen, and Stora Enso’s CEO, Jouko Karvinen. Earlier post.).

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Oil Production 2009 2011 225

Green Car Congress

SEPTEMBER 7, 2011

The well results confirm a significant resource extension for the Mad Dog Field complex, which includes the existing field, in production since 2005, and appraisal drilling of the Mad Dog South field in 2008 and 2009. interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6%

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Mexico Oil Oil-Sands Chevron 220

Green Car Congress

FEBRUARY 5, 2013

The record increase in US crude oil production during 2012 and the significant decline in coal use for domestic electricity generation were reflected in the movement of those two commodities by rail last year, according to the US Energy Information Administration (EIA).

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Coal Oil Production 2012 210

Green Car Congress

MARCH 31, 2013

A breach in ExxonMobil’s Pegasus crude oil pipeline occurred late Friday afternoon near Mayflower, AR (about 20 miles north northwest of Little Rock and at the southeastern end of the Lake Conway reservoir). Efforts are being made to keep oil away from Lake Conway. Route of the Pegasus pipeline. Source: ExxonMobil. Click to enlarge.

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Arkansas Oil Montana Wyoming 363

Green Car Congress

AUGUST 10, 2023

Absolute greenhouse gas emissions from Canadian oil sands production were flat in 2022 even as total production grew, according to an initial analysis by S&P Global Commodity Insights. The Canadian oil sands have demonstrated a consistent trend of reductions in GHG intensity for the past decade. kgCO 2 e/bbl per year or about 1.8%.

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Oil-Sands Oil Global Insight 195

Green Car Congress

JUNE 4, 2013

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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Venezuela Oil China Production 186

Green Car Congress

APRIL 1, 2020

IHS Markit Crude Oil Markets service expects up to 10 MMb/d of world oil production will be cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall. If oil cannot be sold or stored, it cannot be produced. Something has to give. And it will.

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Oil Saudi Arabia Production Russia 186

Green Car Congress

JANUARY 16, 2012

United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W.

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El Paso 2011 Oil Gas 225

Green Car Congress

DECEMBER 10, 2013

one of the world leaders in algae-based “Green Crude” oil production, and Phillips 66, an integrated energy manufacturing and logistics company, have entered a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. San Diego-based Sapphire Energy, Inc.,

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Oil Energy San Diego Columbus 199

Green Car Congress

MARCH 18, 2012

Bitumen production from the Canadian oil sands provides a point of reference that could be used to observe and better manage the land and water impacts of a rapid transition to unconventional fuels, suggests Dr. Sarah Jordaan of the Energy Technology Innovation Policy Research Group, Department of Earth and Planetary Sciences, Harvard University.

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Oil-Sands Water Oil Fuel 231

Green Car Congress

NOVEMBER 20, 2011

These proposed changes to the EERs, along with proposed changes to how they are used in the calculations specified in the regulation, reflect engine efficiency and fuel economy data that were not available during the original 2009 rulemaking. High Carbon-Intensity Crude Oil (HCICO). High Carbon-Intensity Crude Oil (HCICO).

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Carbon Oil California Standards 231

Green Car Congress

APRIL 10, 2013

An innovative oil-upgrading technology that can increase the economics of unconventional petroleum resources has been developed under a US Department of Energy-funded project. In the case of oil sands bitumen, the API gravity is increased from 8 API to more than 20 API, eliminating the need for diluent for pipeline transportation.

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Sodium Oil-Sands Oil Molten Salt 199

Green Car Congress

JUNE 26, 2011

Dynamic Fuels will use Syntroleum’s Bio-Synfining process to hydrotreat the used cooking oil to produce renewable jet. The biofuel will be produced from used cooking oil by Dynamic Fuels at its Geismar plant and supplied by SkyNRG, the consortium launched by KLM and North Sea Group and Spring Associates in 2009.

Oil 239

Oil Fuel Commercial Renewable 239

Green Car Congress

SEPTEMBER 18, 2009

billion went to traditional sources—such as coal and oil—and $2.3 The largest of these, the Foreign Tax Credit, applies to the overseas production of oil through an obscure provision of the Tax Code, which allows energy companies to claim a tax credit for payments that would normally receive less-beneficial tax treatment.

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Renewable Fuel Tax Credit 2002 338