Green Car Congress

AUGUST 9, 2023

The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 EIA forecasts the Brent crude oil price to increase the rest of 2023 and to approach $90 per barrel in late 2023. per gallon.

Oil 370

Oil Oil Prices Global Price 370

Green Car Congress

NOVEMBER 10, 2021

The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 Crude oil inventories reached a recent low of 413.9

Oil 417

Oil Supplies Price 2020 417

Green Car Congress

JANUARY 13, 2022

Global oil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from global oil inventories and significant increases in crude oil prices.

Oil Prices 334

Oil Prices Oil Price Conversion 334

Green Car Congress

AUGUST 14, 2023

Researchers in India are using multi-wall carbon nanotube-optimized surfactant-polymer flooding for enhanced oil recovery. In an open-access paper in the journal Fuel , they report that their experimental application of carbon nanotube-based fluids yielded an oil recovery factor of approximately 70% of the original oil in place.

Oil 195

Oil Carbon Polymer India 195

Green Car Congress

AUGUST 31, 2020

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.

Oil 418

Oil Renewable Wind Gas-Electric 418

Green Car Congress

JULY 21, 2021

Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51 million barrels per day (b/d).

Oil 418

Oil 2020 Oil Prices 2015 418

Green Car Congress

MARCH 20, 2022

In the face of the emerging global energy crisis triggered by Russia’s invasion of Ukraine and the countervailing barrage of economic sanctions, the International Energy Agency (IEA) is proposing a 10-Point Plan to Cut Oil Use. IEA claims that its plan would lower oil demand by 2.7 Work from home up to three days a week where possible.

Oil 370

Oil Ukraine Economy Global 370

Green Car Congress

NOVEMBER 27, 2022

from receiving profits from the oil sales by Chevron. Chevron is one of the leading private oil companies in Venezuela; its legacy dates back to the Boscán Field discovery in the 1920s. interest in Petroindependencia, which includes the Carabobo 3 extra heavy oil project (4° to 16° API) located in three blocks in the Orinoco Belt.

Venezuela 358

Venezuela Chevron Oil Production 358

Green Car Congress

APRIL 1, 2022

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). million barrels of sweet and 200,000 barrels of sour crude oil. President George W.

Oil 418

Oil Ukraine Libya Iraq 418

Green Car Congress

MAY 26, 2023

Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oil sands production outlook in more than half a decade. The new forecast, produced by the S&P Global Commodity Insights Oil Sands Dialogue , expects Canadian oil sands production to reach 3.7

Oil-Sands 221

Oil-Sands Insight Oil Global 221

Green Car Congress

NOVEMBER 4, 2021

New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.

Oil 305

Oil Carbon Global Market 305

Green Car Congress

SEPTEMBER 1, 2023

To reduce the number of accidents in the global oil and gas industry caused by damaged pipelines, University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. When larger spills happen, pipelines are often the culprit.

Oil 221

Oil Gas Chevron Houston 221

Green Car Congress

APRIL 29, 2022

China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%

Oil 370

Oil Gasoline China Diesel 370

Green Car Congress

MAY 19, 2022

The Goodyear Tire & Rubber Company announced a new formulation of its popular Endurance WHA waste haul tire made with a renewable soybean oil compound. The Endurance WHA is now made with soybean oil, which replaces a portion of the petroleum-based materials used in its production. Earlier post.). “In

Oil 273

Oil Waste North America Fleet 273

Green Car Congress

AUGUST 20, 2019

Canadian researchers have developed a large-scale economical method to extract hydrogen from oil sands (natural bitumen) and oil fields. The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. Proton Technologies is commercializing the process.

Oil-Sands 375

Oil-Sands Oil Hydrogen Venezuela 375

Green Car Congress

JANUARY 24, 2022

In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world overall and in the United States alone. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. For the world, production of crude oil in 1980 represented 3.4%

Oil 342

Oil Production United States 2020 342

Green Car Congress

JUNE 26, 2022

As of May 2022, surplus crude oil production capacity in non-OPEC countries decreased by 80% compared with 2021, according to the US Energy Information Administration’s (EIA) new report Global Surplus Crude Oil Production Capacity. In 2021, 1.4

Oil 259

Oil Libya Global Russia 259

Green Car Congress

MARCH 10, 2021

US crude oil production averaged 11.3 The production decline resulted from reduced drilling activity related to low oil prices in 2020. The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 million b/d. million b/d.

Oil 418

Oil 2020 North Dakota New Mexico 418

Green Car Congress

JULY 2, 2023

The US Environmental Protection Agency (EPA) and US Department of Energy (DOE) are partnering to provide more than $1 billion in funding to help reduce methane emissions from the oil and gas sector through the creation of the Methane Emissions Reduction Program.

EPA 303

EPA Oil Gas Emissions 303

Green Car Congress

NOVEMBER 9, 2022

The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. million barrels per day of crude oil and petroleum products in 2023, down 14% from estimated 2022 production.

Oil 334

Oil Diesel Price Russia 334

Green Car Congress

JUNE 25, 2023

signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. Casterra’s high-yield, high-oil castor seed varieties are optimized for biofuel production to support the growing market of sustainable energy.

Oil 276

Oil Purchase Companies Gas 276

Green Car Congress

MAY 11, 2022

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). million barrels per day this year and 12.8

Oil 344

Oil Price Production Oil Prices 344

Green Car Congress

AUGUST 10, 2020

Novvi LLC announced the successful start-up of its Deer Park, TX plant, where it is manufacturing and marketing 100% renewable base oils ( NovaSpec Base Oils ) for the lubricants industry, and 100% renewable process oils for polymer, adhesives, and personal care industries. Novvi is a joint venture of Amyris, Inc.,

Oil 247

Oil Renewable Production Chevron 247

Green Car Congress

JUNE 14, 2022

bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy, the other owner of the Sunrise project. In Canada, bp will no longer have interests in oil sands production and will shift its focus to future potential offshore growth.

Oil-Sands 370

Oil-Sands Oil Canada Water 370

Green Car Congress

APRIL 14, 2023

bp has successfully started oil production at its Argos offshore platform, strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. Argos is the centerpiece of bp’s Mad Dog Phase 2 project, which extends the life of the super-giant oil field discovered in 1998. Earlier post.) bp is the operator with 60.5%

Mexico 259

Mexico 2008 Oil Production 259

Green Car Congress

AUGUST 10, 2023

Absolute greenhouse gas emissions from Canadian oil sands production were flat in 2022 even as total production grew, according to an initial analysis by S&P Global Commodity Insights. The Canadian oil sands have demonstrated a consistent trend of reductions in GHG intensity for the past decade. kgCO 2 e/bbl per year or about 1.8%.

Oil-Sands 195

Oil-Sands Oil Global Insight 195

Green Car Congress

JUNE 23, 2022

A new analysis by European environmental NGO Transport & Environment finds that Europe burns more than 17,000 tonnes of rapeseed and sunflower oil every day—the equivalent of 19 million 1-liter bottles. Supermarkets have had to ration vegetable oils and prices are soaring. In a time of scarcity we must prioritize food over fuel.

Oil 334

Oil Europe Ukraine Egypt 334

Green Car Congress

JANUARY 30, 2023

In the first half of 2022, motors with oil cooling became the dominant form in the electric car market, taking 50% market share, according to a report from IDTechEx. IDTechEx is predicting oil to gain an even greater market share with purely water jacket-cooled motors remaining in a significant way. This is where oil cooling comes in.

Oil 273

Oil Motor Motors Motoring 273

Green Car Congress

JULY 12, 2021

This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. World oil production fell for the first time since 2009 by 6.6 Oil consumption also dropped for the first time since 2009 by a massive 9.1 The oil price (Dated Brent) averaged $41.84/bbl million b/d) and non-OPEC (-2.3

2020 397

2020 Oil Saudi Arabia Energy 397

Green Car Congress

OCTOBER 27, 2021

With tuning, the catalyst can achieve a selectivity of 80% toward motor oil (C 21 –C 45 ). Following this strategy, the selectivity of 80% toward motor oil (C 21 –C 45 ) can be achieved. A paper on their work is published in ChemSusChem. The work provides some guidelines for catalyst design in the field of plastic hydrocracking.

Oil 389

Oil Motor Motors Motoring 389

Green Car Congress

JULY 13, 2021

The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.

Oil 259

Oil Climate Global Stimulus Package 259

Green Car Congress

JANUARY 11, 2023

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.

Oil Prices 210

Oil Prices Oil Global Price 210

Green Car Congress

JUNE 16, 2021

In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI). million b/d in 2021 and 11.5

Oil 243

Oil Global Price Production 243

Green Car Congress

JUNE 23, 2023

First oil is targeted for 2028. Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. The project will target the development of an estimated 479 MMboe of Best Estimate (2C) Contingent Resource (100%) of oil and gas (287 MMboe 2C Contingent Resources, Woodside net economic interest).

Mexico 195

Mexico Oil Water Gas 195

Green Car Congress

DECEMBER 31, 2022

In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). In 2021, Texas’s annual crude oil and lease condensate proved reserves increased by 12% (1.9

Oil 259

Oil Gas Alaska New Mexico 259

Green Car Congress

NOVEMBER 27, 2020

The fuel is produced from materials such as used oil from restaurants and the food industry. The first car freighter was refueled for the first time with this oil in mid-November 2020 and a second ship is due to follow at the beginning of 2021. This way, we reuse waste oil in an environmentally compatible way.

Oil 418

Oil Fuel Mariner Climate Protection 418

Green Car Congress

SEPTEMBER 20, 2022

Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. The refining capacity of crude oil is approximately 10.5 Porvoo refinery. million ton/a.

Oil 259

Oil Renewable Finland Mariner 259