Remove Energy Remove Louisiana Remove Oil Remove Texas
article thumbnail

Louisiana Governor and Air Products announce US$4.5B blue hydrogen clean energy complex in Eastern Louisiana

Green Car Congress

Louisiana Governor John Bel Edwards and Air Products Chairman, President, and CEO Seifi Ghasemi announced a $4.5-billion billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition.

Louisiana 391
article thumbnail

EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

Green Car Congress

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
article thumbnail

Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

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
article thumbnail

ExxonMobil to acquire CCS solutions company Denbury for $4.9B

Green Car Congress

an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. —Dan Ammann, President, ExxonMobil Low Carbon Solutions In addition to Denbury’s carbon capture and storage assets, the acquisition includes Gulf Coast and Rocky Mountain oil and natural gas operations.

Companies 195
article thumbnail

DOE offers $2B conditional commitment for first advanced fossil energy loan guarantee

Green Car Congress

The US Department of Energy (DOE) offered a conditional commitment to guarantee loans of up to $2 billion to Lake Charles Methanol, LLC to construct the world’s first methanol production facility to employ carbon capture technology in Lake Charles, Louisiana. Petcoke is a byproduct from oil refining.

Energy 150
article thumbnail

BP to acquire unconventional US onshore assets from BHP for $10.5B; transforming US onshore oil & gas business

Green Car Congress

BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana. billion boe.

Oil 150
article thumbnail

Enterprise Products and Energy Transfer to form JV for crude oil pipeline from Cushing to Houston

Green Car Congress

and Energy Transfer Partners, L.P. have agreed to form a 50/50 joint venture to design and construct a crude oil pipeline from Cushing, Oklahoma to Houston, Texas. Over the past three months, Cushing crude oil (West Texas Intermediate) has been trading at an average discount of approximately $12.57

Houston 199