ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

Green Car Congress

Dwindling sea ice is opening new shipping routes through the Arctic and shipping activity in the Arctic is expected to rise as oil and gas development increases and as ships take advantage of shorter trans-Arctic routes from Asia to Europe and North America. In the IMO Arctic, HFO represented nearly 57% of the nearly half million tonnes (t) of fuel consumed by ships, followed by distillate (43%); almost no liquefied natural gas (LNG) was consumed in this area.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. billion is planned for exploration and production activities, including major natural gas-related projects. China: development of the Chuandongbei natural gas project. Chevron Corporation announced a $32.7

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