article thumbnail

Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

Green Car Congress

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. of the 2012 global total. billion, representing a share of 24.5%

Oil 210
article thumbnail

Neste Oil sues Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods for infringement on NExBTL-related patent

Green Car Congress

Neste Oil Corporation has filed a patent infringement action against Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods, Inc in the US District Court for the District of Delaware. Neste Oil is the world’s leading producer of premium-quality renewable diesel. —Matti Hautakangas, Neste Oil’s General Counsel.

article thumbnail

Neste Oil sues Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods for infringement on NExBTL-related patent

Green Car Congress

Neste Oil Corporation has filed a patent infringement action against Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods, Inc in the US District Court for the District of Delaware. Neste Oil is the world’s leading producer of premium-quality renewable diesel. —Matti Hautakangas, Neste Oil’s General Counsel.

article thumbnail

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.

Oil 150
article thumbnail

Neste Oil de-emphasizing microbial oil R&D for renewable diesel; seeking other uses for cellulosic biomass

Green Car Congress

Despite the decision to de-emphasize microbial oil, Neste Oil emphasized that cellulosic waste will continue to play an important role in its research strategy, adding that it remains committed to its goal of further extending its feedstock base and making greater use of waste and residues in this area in particular.

Oil 310
article thumbnail

ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.

article thumbnail

EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

Green Car Congress

The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 Between 2008 and 2012, Asia’s consumption increased by 4.4 In 2011 and 2012, higher oil prices and increased fuel efficiency of light-duty vehicles contributed to reduced US consumption.