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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

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Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion. Malo production facility operated by Chevron USA Inc.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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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 well was safely drilled to 21,161 feet (6,450 meters) depth in 8,973 feet (2,735 meters) of water.

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Hertz adds 2016 Hyundai Sonata Hybrid to rental fleet

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The Hertz Corporation, which includes the Hertz, Dollar and Thrifty brands, has expanded of its Green Traveler Collection car rental fleet to include the 2016 Hyundai Sonata Hybrid ( earlier post ) in select cities across the US. Additionally, the company currently has 15 solar locations, with projected growth to 20 by 2016.

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Ford cuts manufacturing energy use 22% in 6 years; targeting additional 25% Drop by 2016

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The company also announced plans to reduce usage another 25% on a per-vehicle basis by 2016. Other successful initiatives—highlighted in Ford’s 13th annual Sustainability Report—include reductions in water use, waste-to-landfill and CO 2 emissions as well as improvements in vehicle fuel economy and safety.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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PDVSA signs $4B loan agreement with China Development Bank for expansion of heavy oil production in Orinoco

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billion, 8-year loan agreement with China Development Bank (CDB) for boosting production at the Sinovensa heavy oil joint venture in the Orinoco belt from 140,000 barrels per day to 330,000 barrels per day by 2016. The Orinoco Oil Belt Assessment Unit of the La Luna?Quercual Venezuela’s PDVSA signed a $4.0-billion, Schenk C.J.,

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BIOX commissions 90M gallon biodiesel production facility in Houston

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BIOX Corporation announced that World Energy BIOX Biofuels LLC (WEBB), a 50/50 joint venture between World Energy and BIOX, has completed the commissioning of its 90-million US gallon (USG) (341 million liters) nameplate capacity biodiesel production facility in Houston, Texas. The facility started operating at full capacity in December 2016.

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