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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.
The California Air Resources Board (ARB) staff has posted a preliminary draft version of the Oil Production Greenhouse Gas Emissions Estimator (OPGEE) for the 19 March 2012 Low Carbon Fuel Standard (LCFS) public workshop to discuss lifecycle assessment of crude oil production, including high carbon-intensity crude oil (HCICO).
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.
The US Arctic Alaska Petroleum Province holds mean estimates of undiscovered, technically recoverable oil and gas resources of nearly 30 billion barrels of oil, about 179 trillion cubic feet of nonassociated gas, and 40 trillion cubic feet of associated gas, according to a new assessment published by the US Geological Survey (USGS).
North Dakota crude oil production (including lease condensate) averaged an all-time high of 770,000 barrels per day in December 2012, according to the US Energy Information Administration (EIA). Much of crude oil production in North Dakota is gathered and transported by truck to railcars leaving the state. Source: EIA.
Average values for WTW GHG emissions for oil sands and other crudes, tight boundary. When the oil sands products refined in the United States are considered—a mixture of oil sands and lower-carbon blending components—the GHG emissions are, on average, 9% higher than the average crude processed in the US.
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.). —Dr.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. The concept is the same embodied in Audi’s e-gas project ( earlier post ), to which the VGV proposal makes continued reference.
quadrillion Btu in 2012 to 12.1 from 2012 to 2040, compared to 1.2% The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. l/100 km) in 2012 to 37.2 l/100 km) in 2012 to 37.2
The US Geological Survey (USGS) has released a new estimate—based on a new methodology—for potential additions to domestic oil and gas reserves from reserve growth in discovered, conventional accumulations in the United States. These estimates were made using a new assessment methodology developed by the USGS.
The US Department of the Interior will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Ultra-deep gas royalty relief required under EPAct will still be available.
Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. The area will be offered to industry again in 2016 under the current Five Year Offshore Oil and Gas Leasing Program.
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.
Beaudreau released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the Western Gulf of Mexico Planning Area. Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Earlier post.).
General Electric will build a new Global Research Center in Oklahoma dedicated to driving innovation and technological advancements in the oil and gas sector and bringing products to market faster. Unconventional resources, and shale gas in particular, may be one of the biggest productivity drivers of our lifetime.
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.
Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. BOEM estimates the proposed sale could result in the production of approximately 1 billion barrels of oil and 4 trillion cubic feet of natural gas.
Well-to-wheel (WTW) greenhouse gas emissions for in situ SAGD and surface mining pathways generated employing GHOST/TIAX/ GHGenius combination and comparison with SAGD, mining and conventional crude oil literature pathways (all results are on a HHV basis). 74% of WTW emissions in our oil sands pathways. Click to enlarge.
The Utica Shale contains about 38 trillion cubic feet (TCF) of undiscovered, technically recoverable natural gas (at the mean estimate) according to the first assessment of this continuous (unconventional) natural gas accumulation by the US Geological Survey (USGS). The estimate of undiscovered oil ranges from 590 million barrels to 1.39
China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Mobility and oil. Source: IEA.
World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Source: Maugeri 2012. 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
Preliminary industry data reveals that year-end geothermal growth in 2012 was up 5% from the previous year, according to the Geothermal Energy Association ( GEA ). In 2012, seven new geothermal projects and additions came online in three different states. Projects and new additions that came online in 2012 include: John L.
from January 2012). and for residual fuel oil by 26%, although it rose for other oils by 0.6%. in January compared with the same month in 2012. in January compared with the same month in 2012. from January 2012. from January 2012. Total US crude oil production in January rose above 7.0
Celanese Corporation, a global technology and specialty materials company, and Airborne Oil & Gas B.V., This multi-year alliance promises to further improve materials, systems and solutions that will meet the oil and gas industry requirements for harsh deepwater operations.
US crude oil proved reserves increased for the fifth year in a row in 2013, a net addition of 3.1 billion barrels of proved oil reserves (a 9% increase) according to US Crude Oil and Natural Gas Proved Reserves, 2013 , released today by the US Energy Information Administration (EIA). Combined, these two states added 21.8
Neste Oil is beginning the commercial use of tall oil pitch as a feedstock for refining into transportation fuel. Up until now, it has not been possible to use tall oil pitch, a residue produced by tall oil refiners ( earlier post ), as a commercial-scale feedstock for fuel refining purposes. Earlier post.).
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.
At the Los Angeles Auto Show, Fiat unveiled the 2012 Fiat 500 Abarth—a performance variant of the 500—featuring the first application of the new 1.4-liter The 2012 Fiat 500 Abarth is also fitted with a heavy-duty five-speed manual transmission with Torque Transfer Control (TTC) system. liter MultiAir Turbo. liter engine.
The discovery of an additional 2-3 trillion cubic feet (Tcf) of natural gas in place in the Mronge-1 well brings the total of in-place volumes up to 17-20 Tcf in Block 2. (1 1 Tcf gas = 180 million barrels of oil equivalent.). The Mronge-1 well discovered gas at two separate levels.
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. Source: EIA. Click to enlarge.
Oil remains the world’s leading fuel, but its 33.1% seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%
An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million tonnes.
China Petroleum and Chemical Corporation (Sinopec) said that it had made significant breakthroughs in the exploration and development of shale gas in China, and is planning to develop the Fuling shale gas field into China’s first shale gas field with an annual production capacity of 10 billion cubic meters by 2017.
The California Air Resources Board (ARB) is holding a public workshop on 12 July 2012 to discuss the lifecycle assessment of crude oil production within the Low Carbon Fuel Standard (LCFS) regulation. Draft Version A of the Oil Production Greenhouse Gas Emissions Estimator (OPGEE), supporting documentation for the model (by Hassan M.
A chemical analysis indicates that the source of oil sheens recently found floating at the ocean’s surface near the site of the Gulf of Mexico Deepwater Horizon oil spill is pockets of oil trapped within the wreckage of the sunken rig. The results are published this week in the journal Environmental Science & Technology.
Researchers from the GEOMAR Helmholtz Center for Ocean Research Kiel have found that considerable quantities of the greenhouse gas methane escape uncontrolled into the water from abandoned oil and gas wells in the North Sea. The most important factor was indeed the distance of the wells from the gas pockets. Haeckel, M.
Neste Oil—the world’s largest producer of renewable diesel—has launched the commercial production and sales of renewable naphtha for corporate customers; the company is one of the first to supply bio-naphtha on a commercial scale. In a 2012 report on the hydroconversion of triglycerides (e.g.,
At last month’s World Renewable Energy Forum 2012 in Denver, Colorado, researchers from the US National Renewable Energy Laboratory presented papers on two different approaches to upgrade pyrolysis oils to hydrocarbon fuels or fuel intermediates. In short, bio-oil needs to be upgraded to produce a fungible liquid transportation fuel.
The US Department of Energy (DOE) Advanced Research Projects Agency – Energy (ARPA-E) has selected 66 research projects to receive a total of $130 million in funding through its “OPEN 2012” program. Select projects in OPEN 2012 include: ARPA-E OPEN 2012 selections: Advanced Fuels. utility of geographically isolated gas reserves.
Statoil reports another high-impact gas discovery offshore Tanzania; the discovery in the Piri prospect is Statoil’s and co-venturer ExxonMobil’s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. 1 Tcf = 180 million barrels of oil equivalent). 1 Tcf = 180 million barrels of oil equivalent).
Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). Other liquids refer to natural gas plant liquids (NGPL), biofuels (including biomass-to-liquids [BTL]), gas-to-liquids (GTL), coal-to-liquids (CTL), kerogen (i.e.,
Renault is introducing three new Energy engines ( earlier post ) in its Mégane Collection 2012: the new turbocharged, gasoline direct-injection Energy TCE 115 di; the Energy dCi 130; and the Energy dCi 110, with NEDC fuel consumption of 3.5 Versions of Mégane Collection 2012 powered by this engine consume 5.3 Click to enlarge.
For the first eleven months of 2013, natural gas consumption in the electric power sector was below 2012 levels because of relatively higher natural gas prices compared with coal prices, and cooler summer weather compared with 2012, according to the US Energy Information Administration (EIA).
The US EPA will begin developing regulations for methane emissions from existing oil and gas sources—e.g., oil and gas wells. The agency announced plans to cut methane emissions from new oil and gas wells last year. Earlier post.). EPA has already tacken actions to limit methane emissions.
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