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Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation

Green Car Congress

John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.

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Sinopec Xinjiang Kuqa green hydrogen pilot project enters operation

Green Car Congress

China Petroleum & Chemical Corporation (Sinopec) announced that the Green Hydrogen Pilot Project in Xinjiang Uygur Autonomous Region in northwest China, has begun producing green hydrogen to replace natural-gas-based hydrogen in its refinery in Xinjiang. Tahe has crude oil processing capacity of 5 million tons per year, coking capacity of 2.6

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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Green Car Congress

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4

Oil 186
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IndianOil & Praj to form JV to build biofuels production in India

Green Car Congress

Indian Oil Corporation and Praj Industries signed a term sheet to advance plans to strengthen biofuels production capacities in India. In pursuit of energy self-reliance by leveraging captive resources, the country has aggressive plans to reconfigure the transportation fuel mix with biofuels.

India 150
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BP announces significant resource extension of Mad Dog Field in deepwater Gulf Of Mexico; total hydrocarbons estimated at up to 4B barrels of oil equivalent

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The well results confirm a significant resource extension for the Mad Dog Field complex, which includes the existing field, in production since 2005, and appraisal drilling of the Mad Dog South field in 2008 and 2009. interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6%

Mexico 220
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Oil companies “break the circle”! Total Energy to build tens of thousands of charging piles in China

Setec Powerr

When “replacing oil with electricity” has become a trend, the transportation industry has maintained the era of fuel oil for hundreds of years, but it is also undergoing subversive changes. In addition to Total Energy, many oil giants in transition are also eyeing the charging pile business.

Oil 98
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Marathon Oil splitting in two

Green Car Congress

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.

Oil 210