Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. — Mad Max: Beyond Thunderdome. and $65.65

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S. shale output.

Oil 150

Oil Supplies Oil Prices 2017 150

Green Car Congress

APRIL 27, 2012

The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.).

Oil-Sands 314

Oil-Sands Oil Emissions Climate 314

Green Car Congress

OCTOBER 22, 2014

of China (COMAC) opened a demonstration facility that will turn waste cooking oil, commonly referred to as “gutter oil” in China, into sustainable aviation biofuel. billion liters) of biofuel could be made annually in China from used cooking oil. Boeing and Commercial Aircraft Corp.

Oil 239

Oil China Waste Commercial 239

Green Car Congress

SEPTEMBER 27, 2014

Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. —Statoil Canada country manager Ståle Tungesvik.

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Oil-Sands Oil Canada 2011 225

Green Car Congress

SEPTEMBER 2, 2015

The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

Oil 150

Oil Saudi Arabia UAE 2015 150

Green Car Congress

DECEMBER 31, 2011

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010.

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Oil Panama Saudi Arabia United Arab Emirates 297

Green Car Congress

JULY 19, 2016

formed in 2011 to produce renewable base oils and lubricants from Amyris’ Biofene—Amyris’s brand of a renewable, long-chain, branched hydrocarbon molecule called farnesene (trans-ß-farnesene). Base oils, currently derived from the crude oil refining process, are the building blocks of lubricating oils.

Oil 150

Oil Renewable Commercial Pennsylvania 150

Green Car Congress

OCTOBER 25, 2012

In its interim report for January–September 2012, Neste Oil said that while the third-quarter performance of its Renewable Fuels business (NExBTL) improved by €38 million (US$49 million) from the corresponding period last year, the business still recorded a loss due to low margins, particularly during the first part of the quarter.

Oil 218

Oil Renewable Fuel Oil Prices 218

Green Car Congress

JUNE 20, 2011

Separately, a new report by Pike Research forecasts that green chemistry represents a market opportunity that will grow from $2.8 billion in 2011 to $98.5 The 2011 award winners are: Greener synthetic pathways: Genomatica, San Diego, Calif. billion pound, $3-billion worldwide market. billion by 2020. per million Btu.

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Green Market 2011 2020 236

Green Car Congress

DECEMBER 30, 2015

OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. mb/d for 2035 to 2040.

Oil Prices 150

Oil Prices Oil Price Climate Change 150

Green Car Congress

NOVEMBER 28, 2012

US imports of Canadian crude oil rose to record levels during the first eight months of 2012, with Canada accounting for a growing share of total gross US imports, according to the US Energy Information Administration (EIA). Canada is the largest supplier of foreign oil to the United States, followed by Saudi Arabia, Mexico, and Venezuela.

Canada 225

Canada Saudi Arabia Oil-Sands 2012 225

Green Car Congress

NOVEMBER 3, 2012

Heating oil is a type of distillate fuel used mostly in the Northeastern US for space heating during the winter months. Starting this summer (2012), the state of New York began requiring that all heating oil used in the state contain less than 15 ppm sulfur—the same requirement as on-road ultra-low sulfur diesel (ULSD).

New Jersey 231

New Jersey New York Pennsylvania Oil 231

Green Car Congress

JUNE 29, 2012

announced the successful commissioning of its first fully integrated biorefinery (IBR) in Peoria, Illinois, to produce algal oil. Solazyme has been running routine fermentations at commercial scale since 2007 and began running fermentation operations at the Peoria facility in Q4 2011. Solazyme, Inc. Solazyme, Inc.

Illinois 218

Illinois Oil Renewable Production 218

Green Car Congress

MARCH 13, 2015

Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oil prices throughout the economy.”. decline curves eventually catch up with fewer rigs, oil supplies should start to fall.

Oil Prices 150

Oil Prices Oil Price Dallas 150

Green Car Congress

AUGUST 9, 2019

This is a further development of RIL and BP’s partnership which began in 2011 and expanded in 2017 including agreement to seek options to work together to develop differentiated fuels and mobility businesses. India is set to be the world’s largest growth market for energy by the mid-2020s.

Market 170

Market Fuel India 2017 170

Green Car Congress

APRIL 3, 2012

Solazyme produces tailored oils using heterotrophic algae grown in industrial fermenters. Algae-based renewable oil company Solazyme, Inc. Algae-based renewable oil company Solazyme, Inc. will have an expected annual production capacity of 100,000 metric tons of oil. Source: Solazyme. Click to enlarge. Earlier post.).

Brazil 210

Brazil Oil Renewable Commercial 210

Green Car Congress

NOVEMBER 23, 2010

Statoil has agreed to sell a 40% interest in its oil sands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand. Production volumes from the partnership will continue to be handled and marketed by Statoil Canada Ltd. The effective date of the transaction is 1 January, 2011.

Oil-Sands 273

Oil-Sands Thailand Oil Canada 273

Green Car Congress

APRIL 4, 2012

Neste Oil has joined the Aviation Initiative for Renewable Energy in Germany (aireg), which advances the development and deployment of renewable liquid fuels in aviation. aireg is a network of enterprises and R&D organizations founded in September 2011. —Neste Oil Vice President Kaisa Hietala, responsible for market development.

Oil 186

Oil Kits Renewable Washington 186

Green Car Congress

JUNE 6, 2011

TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oil sands crude on Sunday, 5 June, after a shutdown 29 May following an above-ground spill at a pump station in Kansas involving less than 10 barrels of oil. Click to enlarge. Earlier post.)

Oil-Sands 218

Oil-Sands Oil North Dakota Oklahoma 218

Green Car Congress

JUNE 13, 2012

in 2011, close to the historical average. Oil remains the world’s leading fuel, but its 33.1% Coal’s market share of 30.3% in 2011, broadly in line with the historical average but well below the 5.1% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1% was the highest since 1969.

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

JULY 16, 2013

and The Linde Group will expand their partnership to commercialize a new industrial-scale conversion technology needed to upgrade algae biomass into crude oil. Today, this Green Crude Farm is operating year-round and producing barrels of crude oil daily. Sapphire Energy, Inc.

Oil 239

Oil Commercial Energy Columbus 239

Green Car Congress

AUGUST 16, 2011

Statoil has confirmed communication between the Aldous and Avaldsnes oil discoveries in the North Sea. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent. Norway has not seen a similar oil discovery since the mid-eighties.

Oil 231

Oil Oil-Sands Connect Connected 231

Green Car Congress

AUGUST 9, 2016

France-based Total is the first oil supermajor aggressively to enter new areas of business including solar plus storage and distributed generation, notes Lux Research in a new report : “Superpower Darwinism: What Big Oil Can and Cannot Do About Total’s Billion-Dollar Battery Move.”.

Oil 150

Oil Solar Energy Storage Asia 150

Green Car Congress

MARCH 8, 2011

Neste Oil celebrated the grand opening of its ISCC-certified renewable diesel plant in Singapore. It uses a variety of renewable feedstocks to produce NExBTL, including palm oil and side stream products of palm oil production from Indonesia and Malaysia, as well as waste animal fat from Australia and New Zealand.

Singapore 186

Singapore Oil Renewable Diesel 186

Green Car Congress

APRIL 15, 2012

a producer of high-performance renewable specialty chemicals, and XiMo AG, a company focused on the development and application of proprietary metathesis catalysts, announced significant progress in the development of new technology for metathesizing natural oils and derivatives using Molybdenum-based catalysts.

Oil 225

Oil Renewable Boston Massachusetts 225

Green Car Congress

APRIL 18, 2012

USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world. These new estimates are for conventional oil and gas resources only. million barrels per day of petroleum in 2011 from about 80 different countries. Geological Survey (USGS) released today.

Oil 218

Oil Oil-Sands Gas Global 218

Green Car Congress

FEBRUARY 17, 2012

Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 billion in 2011 to $185.3 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. — Biofuels Markets and Technologies. billion by 2021.

Global 253

Global Market 2012 Financing 253

Green Car Congress

AUGUST 11, 2012

The International Energy Agency’s August Oil Market Report (OMR) trims 2012/2013 oil demand expectations by 300-400 thousand barrels per day (kb/d), although annual growth remains in an 800-900 kb/d range both years. Highlights of the August OMR include: Sluggish economic growth could restrict annual oil demand growth to 0.9

2013 236

2013 2012 Oil Iran 236

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

Oil 261

Oil Oil-Sands Price Production 261

Green Car Congress

JANUARY 15, 2011

The Board of Directors of Marathon Oil Corporation has approved moving forward with plans to spin off Marathon’s downstream business, creating two independent energy companies. Marathon Oil Corporation (MRO) will be a global upstream company based in Houston, Texas. Strengthened ability to attract and retain talent.

Oil 210

Oil Oil-Sands Houston Corporation 210

Green Car Congress

DECEMBER 19, 2011

Neste Oil celebrated the grand opening of its NExBTL renewable diesel refinery in the Port of Rotterdam. The start-up of the Rotterdam refinery took place in September 2011. The facility is capable of using Neste Oil’s wide feedstock base consisting of a variety of vegetable oils, by-products of vegetable oil refining (e.g.

Oil 199

Oil Renewable Diesel Waste 199

Green Car Congress

JANUARY 30, 2012

GE Oil & Gas announced the development of a Micro LNG integrated plant that meets the small-scale liquefied natural gas (LNG) requirements of powering remote industrial and residential locations and fueling motor vehicles. The product introduction was among the opening day highlights of the 2012 GE Oil & Gas Annual Meeting in Florence.

Oil 199

Oil Gas Diesel Financing 199

Green Car Congress

FEBRUARY 14, 2013

According to an analysis by the US Energy Information Administration (EIA), planned additions over the next two years to the US crude oil pipeline infrastructure should relieve the bottleneck at Cushing, Oklahoma which has been caused by the oversupply of oil resulting from the growth of crude oil production in the US mid-continent and Canada.

Oil 220

Oil Illinois Texas Canada 220

Green Car Congress

SEPTEMBER 8, 2011

Total US exports of finished petroleum products have increased more than 60% since 2007 as markets have become more globally integrated, according to the US Energy Information Administration (EIA). This trend is driven primarily by finished motor gasoline and distillate fuel oil which are increasingly exported to Latin America.

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2007 Global Market Production 273

Green Car Congress

JUNE 23, 2011

US Energy Secretary Steven Chu announced today that the US and its partners in the International Energy Agency will release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the oil supply caused by unrest in the Middle East. billion barrels, and nearly 1.6

Oil 186

Oil Libya Legal Supplies 186

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

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Oil-Sands Oil China Canada 218