article thumbnail

Arctic oil on life support

Green Car Congress

Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. Statoil, the semi-state-owned oil company from Norway, has been an offshore leader and Arctic pioneer.

Oil 150
article thumbnail

Statoil greenlights $7B Mariner heavy-oil project in UK North Sea

Green Car Congress

Statoil has made the investment decision to develop the Mariner heavy oil field development in the UK North Sea. The field is estimated to produce for 30 years, with average production of around 55,000 barrels of oil per day over the plateau period from 2017 to 2020. who will cooperate with UK-based company SNC Lavalin Ltd.on

Mariner 225
article thumbnail

UK Government approves Statoil’s US$7B development of North Sea Mariner heavy oil field

Green Car Congress

The UK government’s Department of Energy and Climate Change (DECC) approved the field development plan put forward by Statoil and its co-venturers for the Mariner heavy oil field. The average production is estimated at around 55,000 barrels of oil per day over the plateau period from 2017 to 2020. Location of the Mariner field.

Mariner 225
article thumbnail

Pike Research scores Shell, BP highest in assessment of oil majors’ commercialization of biofuels

Green Car Congress

Pike Pulse Grid for oil majors commercializing biofuels. With “easy oil” increasingly difficult to source and with an obvious stake in the future of the $2 trillion transportation fuel market, the world’s largest oil companies have begun charting strategies to bring biofuels to market at scale. Source: Pike Research.

Oil 246
article thumbnail

BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

Green Car Congress

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Oil production is expected to begin in late 2021. Oil production is expected to begin in late 2021. In 2013, BP (operator, with 60.5% —Bob Dudley, BP Group Chief Executive. Earlier post.).

Mexico 150
article thumbnail

Navy tests 100-percent CHCJ advanced biofuel in EA-18G

Green Car Congress

CHCJ-5, the 100% drop-in renewable jet fuel tested, is produced by Florida-based Applied Research Associates (ARA) and Chevron Lummus Global. ARA and Chevron Lummus Global (CLG) developed the Biofuels ISOCONVERSION (BIC) process based on ARA’s patented, novel Catalytic Hydrothermolysis (CH) process and CLG’s hydroprocessing technology.

article thumbnail

Hydrogen from biomethane; gasoline & diesel from tree residue; cellulosic ethanol among new proposed California LCFS fuel pathways

Green Car Congress

The LCFS is a regulation to reduce the carbon intensity (CI) of fuels sold in California by 10% by 2020. Ensyn, Tesoro and Chevron are designing a commercial process to produce renewable gasoline and diesel from the co-processing of Renewable Fuel Oil (bio-oil) obtained via pyrolysis of tree residues. Earlier post.).

Gasoline 150