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The United States Geological Survey (USGS) released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, resulting in a two-fold increase in the estimated technically recoverable oil, and a three-fold increase in estimated natural gas.
The newly released 2013 edition of the IEA World Energy Outlook (WEO) depicts a world in which some long-held tenets of the energy sector are being rewritten; importers are becoming exporters, while exporters are among the major sources of growing demand. —WEO-2013. Energy demand growth moves to Asia. Source: IEA. Gt by 2035.
Researchers at the University of Calgary are developing ultra-dispersed (UD) nanocatalysts for the in situ upgrading of heavy oil and bitumen from deep reservoirs. One of the challenges of such an approach is the placement of the catalyst deep into the heavy oil plume by transporting a catalyst suspension through the sand medium.
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.
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.
Cumulative natural gas vehicles in use by segment, world markets: 2013-2020. In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 million sales expected in 2013. Forecasts Natural Gas' Source: Navigant Research. Click to enlarge.
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.
The US Environmental Protection Agency (EPA) released its fourth year of Greenhouse Gas Reporting Program data, detailing greenhouse gas pollution trends and emissions from large sources and suppliers broken down by industrial sector, geographic region and individual facilities. of the GHGs reported in 2013.
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.).
Investment into emerging oil and gas E&P (exploration and production) technologies, which were nearly non-existent in 2003, at just $57 million, have attracted nearly $7 billion in private investment from 497 unique transactions, according to a new report from Lux Research, “ Investing in Next Generation Oil and Gas Technologies ”.
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. billion.
One approach to delivering hydrogen for the stacks in fuel cell vehicles is via the on-board reforming of hydrocarbon fuels; such an approach obviates the need for on-board hydrogen gas storage technology and leverages the existing liquid fuels infrastructure. —Jeon et al. The LaCr 0.8 mol% compared to grain (23.3 mol%) and Pt–GDC (7.7
GE Oil & Gas has received an order for the offshore oil and gas industry’s first 20,000-psi (20-ksi)-rated deepwater blowout preventer (BOP) stack and riser systems from Maersk Drilling. It was the failure of the BOP stack on the Macondo well that enabled the massive oil release from the Deepwater Horizon disaster.
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.
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). per MMBtu in 2013.
A good example is the Haynesville shale gas play where one E&P Company has completed more than 300 HPHT wells, he noted. Guijun Deng, James Doane, Antonio Ruffo, Goang-Ding Shyu, Scott Collins (2013) “ Design Verification, Optimization and Validation of Ultra-HPHT Completion and Production Tools ” SPE 166231.
MAN SE, one of Europe’s leading manufacturers of commercial vehicles, engines and mechanical engineering equipment, and mostly owned by the Volkswagen Group, prefers “power-to-gas” instead. Power-to-gas, or e-gas as Audi calls it, converts surplus electricity into synthetic natural gas and utilizes the existing gas infrastructure.
The President’s proposal sets aside $2 billion over 10 years and will support research into a range of technologies such as advanced electrified vehicles, biofuels, fuel cells, and domestically produced natural gas. Oil dependence is one of the greatest threats to U.S. A National Strategy For Energy Security (ECLC, 2013).
Greenhouse gas (GHG) emission standards and CAFE standards increase new LDV fuel economy through model year 2025 and beyond, with more fuel-efficient new vehicles gradually replacing older vehicles on the road and raising the fuel efficiency of the LDV stock by an average of 2.0% per year, from 21.5 l/100 km) in 2012 to 37.2
to build a small-scale gas-to-liquid demonstration facility in Houston. The purpose of the GTL Pilot Plant is to commercially demonstrate converting stranded natural gas resources to synthetic crude oil. BFLS originally intended to develop biofuel-fired power projects. The company is switching its focus to GTL.
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.
However, the new forecast represents a slowing of future oil sands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 million barrels per day in 2013. In 2013, 1.9
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.
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.
Suncor Energy has reached an agreement to sell the conventional portion of its natural gas business in Western Canada for $1 billion to a newly established partnership between Centrica plc and Qatar Petroleum International. Estimated production from this business in 2013 is approximately 42,000 boe/d (90% gas). Source: Suncor.
The President’s Budget for FY 2013 provides $27.2 Total outlays for FY 2013 are estimated to be $34,963 billion, compared to the estimated $40,561 billion in outlays for FY 2012. gas and oil production from hydraulic fracturing. billion in 2013 and $47 billion over six years to develop high-speed passenger.
Global CO 2 emissions from fossil fuel use and cement production reached a new all-time high in 2013, according to the annual report “Trends in global CO2 emissions”, released by PBL Netherlands Environmental Assessment Agency and the European Joint Research Centre (JRC). in 2013, whereas in the EU emissions continued to decrease, by 1.4%
Saft delivered the battery in December 2013 and will continue working with distributors on systems opportunities in the coming years. The ECO-H System is a patent-pending Hybrid Power Management System for the oil and gas industry developed by ECO-H Technologies and distributed by Tesco Corporation.
Neste Oil Singapore Pte Ltd and National Oxygen Pte Ltd (NOX), one of the one of the largest industrial gas manufacturers in Singapore, have signed an agreement to install a carbon dioxide recovery and liquefaction plant at Neste Oil’s renewable diesel (NExBTL) refinery in Singapore.
Russian oil and gas major Rosneft, 75% owned by the government, will invest $16 billion in a planned joint venture project with Venezuela’s state oil and gas company PDVSA to develop the Carabobo 2 block in the southern Orinoco extra-heavy crude belt in Venezuela, according to Rosneft CEO Igor Sechin. oil sands).
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. 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).
Crude palm oil is one of the more than ten renewable raw materials that Neste uses to produce a range of renewable products, including renewable diesel. Palm oil represents approximately 20% of Neste’s renewable raw material usage annually. Increased pressure is created as the belt passes over rollers which decrease in diameter.
A team from Stanford University and the California Air Resources Board (ARB) has developed a new open-source lifecycle analysis (LCA) tool for modeling the greenhouse gas emissions of oil and gas production using characteristics of specific fields and associated production pathways. —El-Houjeiri et al.
This third generation Golf BlueMotion will be launched into the market in summer 2013. This Golf concept, powered by another new 1.6-liter liter TDI (turbodiesel) consumes 3.2 l/100 km (73.5 mpg US), equivalent to 85 gCO 2 /km. The 81 kW / 108 hp Golf BlueMotion is a five-seater that is capable of 202 km/h (125 mph). l/100 km (52.3
(LNC) said it has been contacted by about 70 companies—from North America to India—to fund the development of the massive Arckaringa Basin shale oil prospects that it announced in January 2013. D&M estimated the resources to be 103 billion barrels oil equivalent (103 BBOE). Click to enlarge.
Brazilian oil and gas major Petrobras will invest R$4 billion (US$1.8 billion) in 2013 and R$21.2 billion) between 2013-2017 in Information Technology and Telecommunications, according to Petrobras president Maria das Graças Silva Foster in testimony at a public hearing at Brazil’s Senate. billion (US$9.7
The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.
The Diamond Green Diesel facility converts inedible oils and other waste fats into a high-quality renewable diesel fuel. The Diamond Green Diesel facility converts inedible oils and other waste feedstocks into Honeywell Green Diesel, a high-quality fuel that is chemically identical to petroleum-based diesel. Ecofining unit.
Royal Dutch Shell plc will proceed with its Carmon Creek project in Alberta, Canada, expected to produce up to 80,000 barrels of oil per day. Once the project is up and running the aim is to virtually eliminate the need for freshwater use for steam generation through recycling of water produced with the oil.
The carbon intensity (CI) of Alberta oil sands production has significantly decreased over the last 40 years, according to a new study by a team from Stanford University published as an open access paper in the journal Environmental Research Letters. Trends in well-to-wheel pathway-specific CI. Click to enlarge.
China’s CNOOC Limited announced first production from the Rochelle gas-condensate field in the UK North Sea. CNOOC completed its acquisition of Nexen ( parlier post ) in February 2013. At Rochelle field, Nexen UK has 41% interest, with other partners being Endeavour International Corporation (44%) and Premier Oil (15%).
an innovator in the field of enzyme-enabled carbon capture technology, announced that it has exceeded the second set of technical performance milestones for its oil sands project. Canada-based CO 2 Solutions Inc., CO 2 Solutions’ technology platform uses carbonic anhydrase to accelerate the capture of CO 2 with energy-efficient solvents.
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