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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 million barrels per day in 2023, which would surpass the record average production of 12.3 in the commercial sector. US coal production will total 598 million short tons in 2022, which is a 3% increase from 2021.

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Imperial Oil and E3 Lithium partner on lithium pilot project, redeveloping historic oil field

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The pilot will support E3 Lithium’s Clearwater project, which will draw lithium from under the Leduc oil field, Imperial’s historic discovery that first launched major oil and gas development in Western Canada. —Jason Iwanika, director of commercial business development at Imperial.

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Review of co-processing of biocrudes in oil refineries

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Liquid intermediates from pyrolysis and hydrothermal liquefaction (HTL) can be co-processed in an oil refinery along with conventional crude oil. After pyrolysis, the vapors are condensed to give a dark brown fast pyrolysis bio-oil (FPBO). In fast pyrolysis, biomass is quickly heated to around 500 °C in the absence of oxygen.

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Marathon Petroleum, ADM to form soybean oil JV to support renewable diesel production

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MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC. Marathon Petroleum Corp.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Cemvita demonstrates “gold hydrogen” production in situ, sets up subsidiary

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Cemvita defines Gold Hydrogen as the biological production of hydrogen in the subsurface through the consumption of trapped or abandoned resources. Cemvita scientists increased microbe performance by six and a half times the rate needed to produce hydrogen at $1/kg, a key milestone necessary to advance the program toward commercialization.

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JGC & Cosmo Oil to use Honeywell Ecofining technology in first commercial-scale SAF project in Japan

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JGC Holdings Corporation and Cosmo Oil Company will use Honeywell Ecofining technology ( earlier post ) for the first commercial-scale sustainable aviation fuel project in Japan. The project will convert used cooking oil locally collected in Japan into renewable jet fuel meeting ASTM D7566 standards with start-up scheduled in 2025.

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