Green Car Congress

OCTOBER 2, 2020

Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, storage and offloading (FPSO) vessel. The $9-billion development will target an estimated resource base of about 600 million oil-equivalent barrels.

Guyana 418

Guyana Oil Singapore 2019 418

Green Car Congress

APRIL 5, 2022

The company’s fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 barrels of oil per day starting in 2025. Yellowtail production from the ONE GUYANA floating production storage and offloading (FPSO) vessel will develop an estimated resource of more than 900 million barrels of oil.

Guyana 243

Guyana Oil 2017 2019 243

Green Car Congress

FEBRUARY 20, 2023

With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the GoM to employ a simplified, cost-efficient host design. Current estimated recoverable resource volume of the primary Vito development is 290 million boe. 63.11% operator) and Equinor (36.89%).

Mexico 221

Mexico Design Suriname Argentina 221

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

Oil Prices 170

Oil Prices Oil Industrial Industry 170

Green Car Congress

NOVEMBER 14, 2014

With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream.

Oil Prices 268

Oil Prices Oil Price Chevron 268

Green Car Congress

MAY 13, 2014

GE Oil & Gas and energy exploration and production company Devon Energy signed a new technology collaboration agreement (TCA) to drive innovations that will enhance the performance and economics of unconventional oil and natural gas projects as the demand for energy grows worldwide.

Oklahoma City 225

Oklahoma City Oklahoma Oil Water 225

Green Car Congress

APRIL 6, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016. In 2016, only 3.7

Russia 150

Russia Oil 2016 Oil Prices 150

Green Car Congress

OCTOBER 18, 2017

AB 1328 gives California water agencies access to information on potentially hazardous chemicals used in oil and gas operations. AB 1197 will ensure their spill management teams are adequately trained and prepared in the event of an oil spill. These other operations account for the majority of all oil and gas production in California.

Water 186

Water Oil California Gas 186

Green Car Congress

MAY 8, 2017

A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Click to enlarge. the ICCT team concluded.

Oil 283

Oil Panama Emissions Fuel 283

Green Car Congress

JANUARY 7, 2018

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. billion recoverable oil-equivalent barrels. The country was under explored and no significant oil discoveries were made until 2015.

Guyana 150

Guyana Oil South America Suriname 150

Green Car Congress

AUGUST 5, 2016

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

Oil Solar California Chevron 150

Green Car Congress

NOVEMBER 16, 2015

State-owned oil companies are retaining their dominant position in the world petroleum industry according to Energy Intelligence ’s annual ranking of the world’s top 50 oil and gas companies, which was published today in Petroleum Intelligence Weekly (PIW). The Top 50 companies produce 75% of global oil output.

Oil 150

Oil Saudi Arabia Companies Venezuela 150

Green Car Congress

OCTOBER 28, 2015

Royal Dutch Shell plc will not continue construction of the 80,000 barrel per day Carmon Creek thermal in situ oil sands project located in Alberta, Canada. This decision reflects current uncertainties, including the lack of infrastructure to move Canadian crude oil to global commodity markets. This is forcing tough choices at Shell.

Oil-Sands 150

Oil-Sands Oil Re-Charge Oil Prices 150

Green Car Congress

SEPTEMBER 13, 2017

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy. m b/d thresh- old.

Saudi Arabia 150

Saudi Arabia Oil Production Climate 150

Green Car Congress

MARCH 13, 2017

billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. The contingent resources identified with the existing data in Repsol and Armstrong Energy’s blocks in the Nanushuk play in Alaska could amount to approximately 1.2 of net oil pay in several reservoir zones in the Nanushuk section.

Alaska 170

Alaska Oil Energy Spain 170

Green Car Congress

SEPTEMBER 25, 2015

The Air Resources Board re-adopted a Low Carbon Fuel Standard ( LCFS ), which requires a 10% reduction by 2020 in the carbon intensity of transportation fuels. 3 ] In 2015 the LCFS was readopted and the CI modeling updated. 3 ] In 2015 the LCFS was readopted and the CI modeling updated. Diesel and Diesel Substitutes.

Carbon 150

Carbon California Fuel Diesel 150

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150

Green Car Congress

DECEMBER 30, 2013

Prototype low-viscosity ionic liquid-additized engine oil demonstrated a 2% improved fuel economy compared to Mobil 1 5W-30 engine oil (3.93% over the 20W-30 baseline oil) in standard fuel efficiency engine dynamometer tests. 1%) in nonpolar hydrocarbon oils. —Dr.

Fuel Economy 369

Fuel Economy Oil Economy Engine 369

Green Car Congress

NOVEMBER 27, 2015

A team at Kyoto University in Japan has investigated the production of renewable diesel hydrocarbons from rapeseed oil using hydrothermal hydrogenation and subsequent decarboxylation in a batch-type reaction vessel. mol% on rapeseed oil. 2015.10.117. 2015.10.117.

Japan 150

Japan Oil Renewable Diesel 150

Green Car Congress

SEPTEMBER 26, 2014

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.

Singapore 218

Singapore Oil Renewable Diesel 218

Green Car Congress

OCTOBER 16, 2015

Shale oil production generates greenhouse gas emissions at levels similar to conventional crude oil production, according to a pair of new studies released by the US Department of Energy’s Argonne National Laboratory. These are shale formations with low permeability and must be hydraulically fractured to produce oil and gas.

Oil 150

Oil Gas Emissions Davis 150

Green Car Congress

JANUARY 6, 2022

ExxonMobil made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. These discoveries will add to the previously announced recoverable resource estimate for the block, of 10 billion oil-equivalent barrels. The Stabroek block is 6.6 million acres (26,800 square kilometers).

Guyana 210

Guyana Oil Singapore Water 210

Green Car Congress

JANUARY 9, 2018

EST completely converts refinery residues, heavy oils and bitumen into high-quality light products, eliminating the production of both liquid and solid refinery residues (for example, pet-coke or fuel oil). Eni slurry technology: A new process for heavy oil upgrading.” Eni opened its first plant based on EST in 2013.

Oil 150

Oil Convert Light Oil-Sands 150

Green Car Congress

DECEMBER 21, 2011

Imperial Oil Limited’s board of directors has approved the expansion phase of the Kearl Oil Sands Project, a surface mining operation under construction northeast of Fort McMurray, Alberta. Imperial Oil’s share of the Kearl Oil Sands asset is 71%. billion barrel resource. billion (US$10.6 billion (US$8.7

Oil-Sands 210

Oil-Sands Oil 2020 2009 210

Green Car Congress

JULY 10, 2015

A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oil sands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. This is not the same as crude oil occurring naturally in shales, as in the Bakken.

Oil-Sands 150

Oil-Sands Oil Energy Fuel 150

Green Car Congress

JUNE 5, 2015

The US Environmental Protection Agency (EPA) released a draft assessment on the potential impacts of hydraulic fracturing activities on drinking water resources in the United States. EPA reviewers found no evidence that these mechanisms have led to widespread, systemic impacts on drinking water resources in the United States.

Water 150

Water EPA Oil-Sands Oil 150

Green Car Congress

JANUARY 7, 2015

Chevron Corporation announced a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico. 20%), Samson Offshore Anchor, LLC (12.5%); and Venari Resources LLC (12.5%). 20%), Samson Offshore Anchor, LLC (12.5%); and Venari Resources LLC (12.5%). Appraisal drilling will begin in 2015.

Chevron 150

Chevron Mexico Oil Oil-Sands 150

Green Car Congress

APRIL 17, 2017

US-based biotech startup Amfora and CSIRO (Commonwealth Scientific and Industrial Research Organisation, the federal government agency for scientific research in Australia) signed an agreement to advance development and commercialization of technology to produce oil in the leaves and stems of plants as well as the seeds. Source: CSIRO.

Oil 170

Oil Production San Francisco Green 170

Green Car Congress

NOVEMBER 28, 2012

The Board of Directors of Canada-based Athabasca Oil Corporation has given the go-ahead to the company’s $536-million Hangingstone 1 SAGD (steam-assisted gravity drainage) Project; the company also reaffirmed that its Light Oil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil.

Oil-Sands 199

Oil-Sands Oil Corporation Light 199

Green Car Congress

MARCH 13, 2015

Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 the end of January, according to gasbuddy.com.

Oil Prices 150

Oil Prices Oil Price Dallas 150

Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

Oil 150

Oil 2016 Oil-Sands Global 150

Green Car Congress

JULY 24, 2015

A team at South China University of Technology has developed a one-pot process to convert the diesel distillate and residual oil fractions in bio-oil into high-quality fuels by catalytic hydrocracking with combined CoMoS/Al 2 O 3 and HZSM-5 catalysts. A paper on their process is published in the journal Fuel. 2015.05.002. 2015.05.002.

Oil 150

Oil Convert Gasoline Range 150

Green Car Congress

MAY 12, 2019

A study by a team of researchers from the National Oceanic and Atmospheric Administration (NOAA) Earth System Research Laboratory has found that methane emissions from oil and natural gas production in the United States may not be rising as quickly as had been feared. Their paper is published in the journal Geophysical Research Letters.

Emissions 255

Emissions 2006 2015 Gas 255

Green Car Congress

JUNE 1, 2016

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

Oil 150

Oil Supplies Market Oil Prices 150

Green Car Congress

NOVEMBER 14, 2022

Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. Many countries, cities, companies, and individuals have made pledges to reduce emissions, and it is stark reminder that despite all this rhetoric, global fossil CO 2 emissions are more than 5% higher than in 2015, the year of the Paris Agreement.

Global 221

Global Emissions Carbon Coal 221

Green Car Congress

NOVEMBER 10, 2015

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important. billion in 2014.

Oil 150

Oil Climate Gas Industrial 150

Green Car Congress

AUGUST 12, 2016

The first peer-reviewed study to directly quantify how emissions from oil and natural gas (O&NG) activities influence summertime tropospheric ozone (O 3 ) pollution in the Colorado Front Range confirms that chemical vapors from oil and gas activities are a significant contributor to the region’s chronic ozone problem. McDuffie et al.

Ozone 150

Ozone Oil Gas Emissions 150