Cars That Think

MARCH 14, 2022

A possible answer, though, might lie in oil wells. The California-based Hyperlight Energy will be piloting an installation where they plan to use existing oil wells as solar thermal wellsprings, with the stored energy being converted back to clean electricity when required. But we can still reduce the carbon [cost] of that oil.”

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Oil Solar Convert Molten Salt 120

Green Car Congress

DECEMBER 10, 2015

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.

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Oil Prices Oil Price 2002 150

Green Car Congress

OCTOBER 2, 2019

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

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Oil Gas Oil Prices Water 199

Green Car Congress

MARCH 3, 2017

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. However, performances varied by company.

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Oil 2011 Oil Prices Chevron 150

Green Car Congress

SEPTEMBER 28, 2022

Gold Hydrogen is a novel source of carbon neutral hydrogen produced from depleted oil reservoirs that are ready for plug and abandonment, extending the life of wells that would otherwise be a significant burden. Cemvita Factory’s mission is to reimagine heavy industries such as oil & gas and mining for the net-zero economy.

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Hydrogen Production Oil Renewable 482

Green Car Congress

MAY 19, 2023

The company leverages its advanced pretreatment technology to deliver clean, high-quality RD and SAF feedstocks, which enable partners to produce premium renewable fuels. The purity of the feed reduces the revamp cost of converting existing conventional refining units to process renewable feedstock, while also lowering carbon intensity.

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Renewable Diesel Fuel Mississippi 199

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. Investors are imposing capital discipline on E&P’s by pushing down equity prices and pushing up the cost of capital on debt markets. —Raoul LeBlanc.

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Oil Price Oil Prices Production 170

Clean Fleet Report

AUGUST 11, 2022

For example, a German luxury car would cost far more to maintain than a new Chevrolet sedan. If you drive an electric vehicle , these costs may be lower since there is no oil to change and fewer moving parts that can break down. Gas (or electricity) costs need to be factored into your overall cost. Gasoline Costs.

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Cost Of Maintenance Cars Gasoline 80

Green Car Congress

AUGUST 15, 2014

A new report by EY finds that 64% of multibillion-dollar, technically and operationally demanding oil & gas megaprojects continue to exceed budgets, with 73% missing project schedule deadlines. On average, current project estimated completion costs were 59% above the initial estimate. Source: EY Megaprojects oil and gas report.

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Oil Industrial Industry Gas 311

Green Car Congress

JULY 31, 2013

a Canadian mid-stream company, and Kinder Morgan Energy Partners formed a 50-50 joint venture to build a crude oil rail loading facility in Edmonton, Alberta, called the Alberta Crude Terminal. Keyera Corp.,

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Oil North America Connect Connected 294

Green Car Congress

MARCH 25, 2013

Secretary of the Interior Ken Salazar last week announced the Department of the Interior’s final plan for encouraging research, development and demonstration (RD&D) of oil shale and oil sands resources on Bureau of Land Management (BLM) lands in Colorado, Utah and Wyoming. Earlier post.).

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Oil-Sands Oil Wyoming Utah 225

Green Car Congress

OCTOBER 22, 2014

of China (COMAC) opened a demonstration facility that will turn waste cooking oil, commonly referred to as “gutter oil” in China, into sustainable aviation biofuel. The two companies estimate that 500 million gallons (1.8 billion liters) of biofuel could be made annually in China from used cooking oil.

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Oil Waste China Commercial 239

Green Car Congress

JUNE 30, 2014

Jordan’s Council of Ministers on Sunday endorsed all agreements prepared by the national electricity company with Estonian company Enefit which will carry out a mega oil shale energy project in the Kingdom. billion project, which will be the largest oil shale venture in the region and the world. Earlier post.).

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Oil Jordan Estonia Cleaner 218

Green Car Congress

JUNE 9, 2014

Production costs per barrel of oil equivalent. The cost of electrofuels—fuels produced by catalyst-based systems for light capture, water electrolysis, and catalytic conversion of carbon dioxide and hydrogen to liquid fuels—remains far away from viable, according to a new analysis by Lux Research. Click to enlarge.

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Cost Of North Carolina Conversion Hydrogen 210

Green Car Congress

APRIL 24, 2015

Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels.

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Saudi Arabia Oil Prices Oil Price 150

Green Car Congress

JUNE 9, 2016

The study provides a comprehensive lifecycle analysis (LCA), or cradle-to-grave (C2G) analysis, of the cost and greenhouse gas (GHG) emissions of a variety of vehicle-fuel pathways, as well as the levelized cost of driving (LCD) and cost of avoided GHG emissions. Levelized cost of driving (LCD). no scenario analysis.

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Cost Of Light Fuel Economy Vehicles 150

Green Car Congress

NOVEMBER 28, 2012

The Board of Directors of Canada-based Athabasca Oil Corporation has given the go-ahead to the company’s $536-million Hangingstone 1 SAGD (steam-assisted gravity drainage) Project; the company also reaffirmed that its Light Oil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil.

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Oil-Sands Oil Corporation Light 199

Green Car Congress

DECEMBER 21, 2011

Imperial Oil Limited’s board of directors has approved the expansion phase of the Kearl Oil Sands Project, a surface mining operation under construction northeast of Fort McMurray, Alberta. Imperial Oil’s share of the Kearl Oil Sands asset is 71%. —Imperial Oil Chairman, President and CEO Bruce March.

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Oil-Sands Oil 2020 2009 210

Green Car Congress

DECEMBER 5, 2021

The Saudi Arabian Oil Company (Aramco) signed five agreements with leading French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin , a pioneer in clean and intelligent transport solutions.

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Saudi Arabia Hydrogen Power Powered 459

Green Car Congress

APRIL 13, 2014

an innovator in the field of enzyme-enabled carbon capture technology, announced that it has exceeded the second set of technical performance milestones for its oil sands project. To this end, CO 2 Solutions is in advanced discussions with a major Canadian energy company to host this pilot installation.

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Oil-Sands Oil Carbon CO2 240

Green Car Congress

FEBRUARY 25, 2016

But these are just the costs of lifting oil out of the ground. State-owned oil companies often have many more responsibilities than just producing oil. They underpin generous spending levels by their governments, and thus any estimate of a “breakeven” price should include the cost of those obligations.

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Saudi Arabia Oil Oil-Sands Iraq 150

Green Car Congress

DECEMBER 31, 2011

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. Use of the alternate routes would increase the cost of transportation.

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Oil Panama Saudi Arabia United Arab Emirates 297

Green Car Congress

SEPTEMBER 21, 2021

Forest products company SCA and St1 have entered a joint venture in Sweden to produce and sell renewable HVO diesel and biojet fuel. SCA will supply tall oil to the joint venture for feedstock and will invest approximately SEK 0.6 million) in the company. billion (US$71.7 billion (US$299 million).

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Renewable Diesel Fuel Sweden 259

Green Car Congress

JANUARY 15, 2011

The Board of Directors of Marathon Oil Corporation has approved moving forward with plans to spin off Marathon’s downstream business, creating two independent energy companies. Marathon Oil Corporation (MRO) will be a global upstream company based in Houston, Texas. Superior transparency and improved investor focus.

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Oil Oil-Sands Houston Corporation 210

Green Car Congress

SEPTEMBER 9, 2016

The company estimates hydrocarbons in place on its acreage position are 75 trillion cubic feet (Tcf) of rich gas (more than 1,300 British Thermal Units) and 3 billion barrels of oil in the Barnett and Woodford formations alone. These formations are in the wet gas window and are expected to deliver a combination of rich gas and oil.

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Oil Texas Gas Delaware 150

Green Car Congress

MARCH 20, 2012

Pike Pulse Grid for oil majors commercializing biofuels. With “easy oil” increasingly difficult to source and with an obvious stake in the future of the $2 trillion transportation fuel market, the world’s largest oil companies have begun charting strategies to bring biofuels to market at scale. Source: Pike Research.

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Oil Commercial Brazil Chevron 246

Green Car Congress

MARCH 13, 2012

Researchers at the University of Alberta (Canada) have quantified the transformation of the boreal landscape by open-pit oil sands mining in Alberta, Canada to evaluate its effect on carbon storage and sequestration. Oil sands mining and reclamation cause massive loss of peatland and stored carbon. —Rooney et al.

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Oil-Sands Oil Carbon Conversion 270

Green Car Congress

JUNE 23, 2022

He also continued his calls for the oil industry to increase refinery capacity to increase production. Crude oil is always the top contributor to the prices US drivers see at the pump. Refined product prices are set by the marginal supply costs of bringing the incremental barrels of products to market.

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Congress Fuel Tax Tax Fuel 259

Green Car Congress

OCTOBER 5, 2010

New research released by Deloitte and Douglas-Westwood finds that the total cost of decommissioning the more than 260 offshore oil and gas platforms—including the associated wells, manifolds, pipelines and umbilicals—on the UK Continental Shelf (UKCS) could be in excess of $30 billion over the next 30 years.

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Cost Of Oil Gas Wind 170

Green Car Congress

JANUARY 7, 2015

Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.”

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Oil Oil Prices Gas Production 150

Green Car Congress

MAY 19, 2022

Element 1 Corporation (e1NA), Zhejiang Methanol Hydrogen Technology (ZMHT) and Zhejiang Element 1 (e1China) have formed a joint venture company—Zhejiang Hydrogen One Energy Technology Co., e1China, an affiliate company of e1NA will have a 20% ownership interest in the JV. Element 1 L/M-Series Hydrogen Generator.

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Hydrogen China Legal Carbon 418

Green Car Congress

APRIL 1, 2009

In a recently completed project sponsored by the US Department of Energy (DOE) through the Office of Fossil Energy’s Oil and Natural Gas Program, Composite Technology Development (CTD) Inc. successfully demonstrated the application of a ceramic-composite insulated heater cable for oil shale recovery deep underground.

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Oil Cost Of Wyoming Utah 170

Green Car Congress

AUGUST 1, 2012

AFS BioOil announced that initial tests conducted by the company since startup of the system confirm that production costs of biodiesel will be in the range of $2 per gallon when produced in a commercial system of 1 millon gallons/yr and greater. The strategic goal of the company is to become a major algae biodiesel supplier.

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Commercial Companies Renewable Low Cost 236

Green Car Congress

MARCH 19, 2013

A report published by Cambridge Econometrics and Ricardo-AEA concludes that overall, the cost of technologies required to meet proposed European 2020 CO 2 regulations for vehicles (95 g/km for cars and 147 g/km for vans) will be more than offset by the resultant fuel savings. Source: Cambridge Econometrics.Click to enlarge.

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Cost Of 2020 Fuel CO2 261

Green Car Congress

JUNE 19, 2012

GE has concluded a commercial alliance agreement with Norway-based Sargas AS to provide a gas turbine for one of the world’s first gas-fired plants with integrated carbon capture for enhanced oil recovery (EOR). Overview of the Sargas system. Source: Sargas. Click to enlarge. DSME) and SNC-Lavalin.

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Oil Carbon Gas Gas-Electric 220

Green Car Congress

DECEMBER 6, 2021

Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. To establish this infrastructure, Alstom already cooperates with oil and gas companies such as Linde in Germany, and Orlen in Poland.

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Hungary Hydrogen Transportation France 334

Green Car Congress

DECEMBER 19, 2010

Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.

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Coal Oil Water Oil Prices 210