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bp starts oil production at Argos platform in the Gulf of Mexico; first new platform since 2008

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bp has successfully started oil production at its Argos offshore platform, strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. Argos is the centerpiece of bp’s Mad Dog Phase 2 project, which extends the life of the super-giant oil field discovered in 1998. Earlier post.) bp is the operator with 60.5%

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Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

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Second, they estimated fuel savings using the FHWA data on vehicle miles, fuel use and miles per gallon (mpg). gasoline demand would have put upward pressure on world oil prices. Two indirect effects were considered. First, had fuel economy not improved, the higher level of U.S. Greene, Charles B. 2020.111517.

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EIA: Permian region expected to drive US crude oil production growth through 2019

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The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018. million b/d in 2018 and 3.9 million b/d.

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Shell starts production at Vito in US Gulf of Mexico; new, simplified design

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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. The host is located approximately 150 miles (241 kilometers) southeast of New Orleans and 10 miles (16 kilometers) south of the Shell-operated Mars TLP.

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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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Hyundai introduces 2018 Sonata Hybrid and Plug-in Hybrid models at Chicago Auto Show

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Hyundai unveiled the redesigned 2018 Sonata Hybrid and Plug-in Hybrid models at the Chicago Auto Show. The 2018 Hybrid and Plug-in will be produced in Asan, Korea, with Hybrid availability in the first quarter of 2018 and Plug-in availability in the second quarter of 2018. The heart of the 2018 Sonata Hybrid is a 2.0-liter

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EIA projects decline in transportation sector energy consumption through 2037 despite increase in VMT, followed by increase

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For the Transportation sector, EIA projects that energy consumption will decline between 2019 and 2037 (in the Reference case) because increases in fuel economy more than offset growth in vehicle miles traveled (VMT). Light-duty vehicle miles traveled increases by 20% in the Reference case, growing from 2.9 trillion miles in 2018 to 3.5