Green Car Congress
JUNE 10, 2013
Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.
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.
Green Car Congress
AUGUST 19, 2010
Cargill will invest a total of US$112 million in an 18 MW co-generation plant and a soybean biodiesel production plant with a processing capacity of 240,000 tons per year in Argentina.
Green Car Congress
JULY 17, 2011
Petrobras’ oil and natural gas output in Brazil was 2,407,366 barrels of oil equivalent per day (boed) in June, 4% more than the 2,315,117 barrels produced a year earlier and a 2% increase over May 2011. Figuring in the exclusive production of oil from domestic fields, the company had an increase of 2.2% This was 6.9%
Green Car Congress
OCTOBER 24, 2013
Total (operator, 37.5%) has made the final investment decision to develop the Vega Pleyade gas and condensate field offshore Tierra del Fuego, Argentina in the Southern Atlantic. Present in Argentina since 1978, Total, through its affiliate Total Austral, operates 30% of that country’s gas production.
Green Car Congress
JULY 20, 2011
an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oil sands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a
Green Car Congress
NOVEMBER 11, 2011
Sinopec Group, ranked the 5th in the Fortune Global 500 in 2011, is China’s largest producer of refined oil products and major petrochemical products and its second largest crude oil producer. In 2010, its annual oversea equity oil production reached 127 MMbbl. billion bbl and 4.41 Tcf, respectively.
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