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bp sells its Sunrise oil sands interest to Cenovus, picks up interest in Bay du Nord project

Green Car Congress

bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy, the other owner of the Sunrise project. In Canada, bp will no longer have interests in oil sands production and will shift its focus to future potential offshore growth. 650 water depth.

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

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BASF investing €16M into tire pyrolysis oil company Pyrum as part of ChemCycling project

Green Car Congress

BASF will uptake most of the pyrolysis oil and process it into new chemical products by using a mass balance approach as part of its ChemCycling project. Future investors in the technology can have the certainty that the pyrolysis oil produced will be taken up by BASF to produce high-performance chemical products.

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

Green Car Congress

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

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Volvo makes its last diesel car and puts it in a museum

Electrek

Swedish automaker Volvo has rolled out its last diesel-powered vehicle, after a 45-year relationship with the powertrain and cranking out millions of oil-burning cars. Between 2012 and 2016, diesel accounted for half of the company’s global sales. But those days are over now as the company moves toward an all-electric future.

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BASF 2016 science competition seeks synthetic lubricant solutions for future high-efficiency vehicles

Green Car Congress

This year’s competition focuses on chemistries that can be used to develop a synthetic fluid to meet the needs of future high-performance, high-efficiency engines and transmissions. Natural mineral oils possess very high traction, but very poor thermal stability. Proposals are being accepted until 9 May 2016.

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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 The City will replace 100 vehicles by the end of this year and 425 vehicles by the beginning of 2016. million over ten years.