article thumbnail

ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

Green Car Congress

The majority of HFO carriage in the Geographic Arctic is attributable to ships flagged to non-Arctic states with major ship registries like Panama, the Marshall Islands, Liberia, Malta, and the Bahamas. This points to the need for an international standard on HFO use and carriage at the IMO, the authors said.

Oil 283
article thumbnail

Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

Another 11% is associated with the company’s downstream businesses that manufacture, transport and sell gasoline, diesel fuel and other refined products, fuel and lubricant additives, and petrochemicals. Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects.

Chevron 170