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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

Oil remains the world’s leading fuel, but its 33.1% Coal’s market share of 30.3% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% World primary energy consumption grew by 2.5%

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Qatar Airways, QSTP and Qatar Petroleum to Develop Renewable Biojet Fuel with Support of Airbus; Formation of Qatar Advanced Biofuel Platform

Green Car Congress

Qatar Airways, Qatar Science & Technology Park (QSTP) and Qatar Petroleum (QP) will jointly carry out engineering, economic analysis and move into the development of renewable biojet fuel that will also look into ways for production and supply, with the support of Airbus. Ongoing market and strategic analysis.

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JGC awarded EPC contract for CoolGen coal IGCC demonstration plant in Japan

Green Car Congress

Japan-based JGC Corporation recently was awarded a contract by Osaki CoolGen Corporation for engineering, procurement and construction (EPC) services of the core facilities for an Integrated Coal Gasification Combined Cycle (IGCC) demonstration plant. Overview of the proposed CoolGen system. Click to enlarge.

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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

Green Car Congress

The feasibility study will consider two options: a 2 million tons per year (roughly 40,000 barrels of oil equivalent per day) facility and a 4 million tons per year (roughly 80,000 boepd) facility. billion barrels of liquid fuels and chemicals from coal and natural gas. Earlier post.)

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

Ichthys will develop approximately 3 billion barrels oil equivalent of reserves, including around 500 million barrels of condensate. million tons per year) has already been sold for 15 years under oil-linked price contracts, mostly directed to third-party consortiums of Taiwanese and Japanese buyers including INPEX.

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

Russia is the world’s second largest producer of crude oil, behind the United States and ahead of Saudi Arabia, and its second largest exporter, behind Saudi Arabia. On 28 February, British Petroleum announced it would divest itself of its nearly 20 percent share of Rosneft , Russia’s state oil company. Consumption of E.U.-produced

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