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ExxonMobil to explore offshore South Africa; deal for 75% interest in Tugela South

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Exxon Mobil Corporation’s affiliate, ExxonMobil Exploration and Production South Africa Limited, will soon begin exploration activities offshore South Africa. The Impact Oil and ExxonMobil areas offshore South Africa. South Africa has no significant crude oil production. Click to enlarge.

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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

Oil-Sands 325
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WRI: global oil consumption hits all-time high

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between 2008 and 2009 due to the global financial crisis, global oil consumption recovered by 3.1% About one third of this growth came from China, which now uses more than 10% of the world’s oil. of total oil consumption in 2010. of total oil consumption in 2010. After falling 1.5% in 2010 to reach an all-time high of 87.4

Oil 287
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ABB Develops Cost-Effective Process to Clean Oily Produced Water

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Oily water treatment schematics. ABB has developed a water treatment technology that cleans oily wastewater—by far the largest waste product in oil and gas production—quickly, cost-effectively and energy-efficiently. About seven to ten barrels of produced water are generated for each barrel of oil.

Water 186
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Boeing partners with South African Airways to convert Solaris energy tobacco into jet fuel

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Solaris energy tobacco is optimized for seed production for energy applications, not leaf production. Boeing, South African Airways (SAA) and SkyNRG are collaborating to make sustainable aviation biofuel from Solaris, a new hybrid tobacco plant optimized for seed production for energy applications. Click to enlarge.

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Fincantieri and Enel Green Power Italia to explore use of green hydrogen in ports and long-range maritime transport

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Fincantieri and Enel Green Power Italia have signed a memorandum of understanding (MOU) to define an integrated solution for the production, supply, management and use of green hydrogen for port areas and long-range maritime transport.

Green 170
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Forecast: Algae-Based Biofuels Production to Reach 61M Gallons per Year by 2020

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According to a new report from Pike Research, algae biofuels production will grow rapidly over the next decade, reaching 61 million gallons per year and a market value of $1.3 Pike Research anticipates that, with 50% of all algae activity, the United States is poised to ramp up production the earliest among world markets.

2020 319