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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). in the commercial sector. and by 1.5%

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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

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Lux: alternative fuels in China could replace up to 483B GGE in 2020; coal-to-ethanol conversion offers near-term potential

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China’s shift toward alternative fuels in order to cut its reliance on imported oil is creating large opportunities, notably in natural gas vehicles (NGVs) and in the conversion of coal to ethanol, according to a new report from Lux Research. China is seeking to reduce its imports of oil from the current 50% of domestic demand.

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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

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Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck. Andrew Halarewicz, Sr.

Coal 225
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Linc Energy acquires more UCG coal exploration acreage in Alaska

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Linc Energy Ltd has acquired the grant of 181,414 acres of Underground Coal Gasification (UCG) coal exploration licences in Alaska from the Alaska Mental Health Trust Authority following a competitive bidding process. We have known for a long time that Alaska, and the Cook Inlet Basin in particular, holds significant coal deposits.

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Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant

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The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. In the Permian Basin, approximately one additional barrel of oil can be recovered for each 6,000 cubic feet (6 Mcf) of compressed CO 2 injected into the oil field. urea production. CO 2 capture and shipment via pipeline shown at top.

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Monolith to collaborate with Goodyear on carbon black for its tire production; methane pyrolysis

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As part of the agreements, Monolith expects to collaborate with Goodyear on the development and potential use of clean carbon black produced at its expanding Olive Creek facility in Hallam, Nebraska. Conventional carbon black is produced by burning decant oil or coal tar, releasing large amounts of greenhouse gases into the atmosphere.

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