2016, Commercial, Gas and Oil Prices

SDTC awards Nsolv $13M to commercialize warm solvent technology for heavy oil extraction; 80% reduction in GHG emissions

Green Car Congress

MARCH 8, 2016

Sustainable Development Technology Canada (SDTC) is awarding Nsolv $13 million in grant funding to commercialize its field-tested, proprietary warm solvent technology for in situ heavy oil extraction without the use of steam. Other extraction methods are not currently commercially viable at this scale. The technology.

Oil

Oil Commercial Emissions Water

Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

Green Car Congress

JULY 5, 2016

According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%.

Global

Global Sale North America Oil Prices

Hyundai Heavy developing its own floating LNG ship

Green Car Congress

JANUARY 8, 2012

Hyundai Heavy Industries, the world’s largest shipbuilder and offshore facilities contractor, has completed developing its own Hyundai FLNG (Floating Liquefied Natural Gas Plant) model in association with Linde AG. The goal of the project is to develop the Korean FLNG by 2016. Rendering of the Hyundai FLNG. Click to enlarge.

Hyundai

Hyundai Oil Prices Gas Oil

Global Bioenergies reports first production of green isobutene at demo plant

Green Car Congress

DECEMBER 15, 2016

The first trials on the demo plant in Leuna were successfully completed, within schedule, in the fall of 2016 and Global Bioenergies announced first production of green isobutene via fermentation. Global Bioenergies is now entering the final phase of demonstrating its technology for converting renewable carbon into hydrocarbons.

Global

Global Green Production Convert

Forecast: Algae-Based Biofuels Production to Reach 61M Gallons per Year by 2020

Green Car Congress

OCTOBER 27, 2010

The first commercial-scale facilities with a potential production capacity of 1 million gallons will likely come online in the 2014 to 2016 window, Pike forecasts, although construction delays, a lack of capital, and lingering investment risk could potentially obstruct growth. Algae’s ultimate threat is over-hype.

2020

2020 Production Water Oil Prices

Increase in US rig count will not cap oil prices

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

Oil Prices

Oil Prices Oil Price Oil-Sands

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

Energy consumption by LDVs (including commercial light trucks) declines in the Reference case, from 16.1 Growth in diesel fuel consumption will be moderated by the increased use of natural gas in heavy-duty vehicles. The United States becomes a net exporter of natural gas earlier than estimated a year ago. than in AEO2012.

Fuel

Fuel Energy Sale 2013

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

JANUARY 23, 2012

EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. EIA added a premium to the capital cost of CO 2 -intensive technologies to reflect current market behavior regarding possible future policies to mitigate greenhouse gas emissions.

Oil

Oil 2005 Production 2010

Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

OCTOBER 13, 2011

between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. Ultimately, widespread commercialization will depend on whether these ventures can reach price.

Global

Global Market Financing Oil Prices

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Green Car Congress

JUNE 7, 2017

Compared to the reference case, in which gasoline vehicles (ICEVs) remain dominant through 2050 (BAU), OPT results in 16% and 36% reductions in LDV greenhouse gas (GHG) emissions for 2030 and 2050, respectively, corresponding to 5% and 9% reductions in economy-wide emissions. Credit: ACS, Keshavarzmohammadian et al. Click to enlarge.

Emissions

Emissions Economy Gasoline-Electric Coal

Syncrude to Expand Its Oil Sands Synthetic Crude Output to 425,000 Barrels per Day by 2020

Green Car Congress

FEBRUARY 25, 2010

Syncrude plans to begin constructing a mining train on Aurora South around 2012 with production expected by the end of 2016. Syncrude’s earlier commercial-scale pilot of wet crushing demonstrated positive results and the technology has been vetted through ExxonMobil’s TQM (Total Quality Management) process.

Oil-Sands

Oil-Sands Oil 2020 Canada

Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

Green Car Congress

SEPTEMBER 18, 2015

Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. Global Supply and Demand Fundamentals Continue to Worsen.

Oil

Oil Oil-Sands Oil Prices 2015

Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

Green Car Congress

OCTOBER 3, 2016

The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. They can take carbon dioxide and hydrogen gas and turn them into chemicals such as acetone, butanol or ethanol. Jones, Alan G.

Conversion

Conversion Carbon CO2 Oil Prices

EV Driven

SDTC awards Nsolv $13M to commercialize warm solvent technology for heavy oil extraction; 80% reduction in GHG emissions

Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

Hyundai Heavy developing its own floating LNG ship

Global Bioenergies reports first production of green isobutene at demo plant

Forecast: Algae-Based Biofuels Production to Reach 61M Gallons per Year by 2020

Increase in US rig count will not cap oil prices

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Pike Research forecasts global biofuels market value to double to $185B by 2021

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Syncrude to Expand Its Oil Sands Synthetic Crude Output to 425,000 Barrels per Day by 2020

Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

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