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million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. Full design capacity for Line 67 is 880,000 bpd for heavy crude.
Fuels market analyst Tammy Klein notes that more than 40 countries are developing light-duty vehicle fuel economy standards. Today, Klein says, Brazil, Canada, China, the EU, India, Japan, Mexico, Saudi Arabia, South Korea, and the US have established fuel economy or GHG emission standards for light-duty vehicles (LDVs).
Caelus Energy Alaska, LLC, a privately held independent exploration and production company, announced that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant lightoil discovery on its Smith Bay state leases on the North Slope of Alaska. This discovery could be really exciting for the State of Alaska.
Christian Paradis, Canada’s Minister of Industry, announced on Friday that the federal government is allowing two major acquisitions of oil sands companies by foreign state-owned enterprises (SOEs): the $15.1-billion the Government will retain its current authorities to assess the net benefit of foreign SOE transactions in the future.
The Greenbrier Companies will design a new generation “Tank Car of the Future” for rail transport of hazardous freight, including flammable crude oil and ethanol, that can better withstand the additional demands associated with operating unit trains. This allows the industry to take immediate steps to improve public safety.
At the same time, total miles traveled per year by cars, sport utility vehicles (SUVs) and light trucks will increase about 60%, reaching about 14 trillion in 2040. As personal mobility increases, average new-car fuel economy (including SUVs and light trucks) will improve as well, rising from about 30 miles per gallon (7.83
On a life-cycle basis this advantage is reduced, the MIT report notes, because the GHG emissions in production and distribution, including methane leakage, are greater for natural gas than for oil products. MIT: leaning toward conversion for light-duty vehicles. million bpd of oil. Tcf/year, equivalent to 1.3
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.
However, the new forecast represents a slowing of futureoil sands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 CAPP forecast. Click to enlarge. In 2013, 1.9
An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to a modest increase in refinery CO 2 emissions (ranging between 5.4% to 9.3%) from a 2010 baseline, depending upon the supply scenario.
Each year, 80 million tonnes of oil are shipped off Canada’s East and West Coasts. Oil tankers have been moving along Canada’s West Coast since the 1930s. Oil is moved mostly via the ports of Vancouver, Prince Rupert and Kitimat. million tonnes of oil was shipped out of Vancouver. Tankers and Canada. In 2009, about 8.4
Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.
Suncor Energy is not proceeding with the Voyageur bitumen upgrader project in the Canadian oil sands. The oil market environment in the North America has changed significantly, Total notes. interest in the Fort Hills oil sands mining project operated by Suncor Energy. The transfer of interest for cash is effective immediately.
A report released earlier this summer by released by EMBARQ—the World Resources Institute’s Center for Sustainable Transport—found that the US must achieve significant improvements in vehicle technology and reduce vehicle miles traveled (VMT) per capita to meet targeted reductions in oil consumption and greenhouse gases.
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.
At last month’s World Renewable Energy Forum 2012 in Denver, Colorado, researchers from the US National Renewable Energy Laboratory presented papers on two different approaches to upgrade pyrolysis oils to hydrocarbon fuels or fuel intermediates. In short, bio-oil needs to be upgraded to produce a fungible liquid transportation fuel.
Projected range of impact of demand, fuel efficiency improvements, and alternative fuel-vehicle systems on light-duty fleet GHG emissions. On a stand-alone basis, all light-, medium-, and heavy-duty vehicles have the potential to reduce per-mile GHG emissions by at least 40% in 2050, relative to 2005 average fleet levels. Source: NPC.
IHS Markit places the global peak for oil demand (gasoline and diesel) from LVs in 2019 when the demand averaged 29.1 When it comes to oil demand from light vehicles, it’s the latest sign that the 2019 peak is permanent. —Jim Burkhard, vice president, oil markets and mobility and energy future, IHS Markit.
Even while projecting to the future and talking about batteries and electric vehicles, he said, “ when you look at our actual analysis and you look to our projections for the future, 95% or more of the vehicles, all of the heavy-duty vehicles in our analysis are relying on IC engines. Earlier post.)
In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. 2010, to above 140 $/bbl in constant 2010 dollars).
The automotive industry has identified a future generation of Advanced High Strength Steels (AHSS) materials for lightweighting vehicles across all lines, with an availability target of 2017-2025 for integration into vehicle structural designs and production.
IHS Markit Crude Oil Markets service expects up to 10 MMb/d of world oil production will be cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall. If oil cannot be sold or stored, it cannot be produced. Something has to give. And it will.
The Government of Canada is supporting a three-year project that will result in the construction of a $19-million, demonstration-scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oil sands facility into commercial products such as biofuels. Algae Algal Fuels Biorefinery Canada Oil sands'
The mandatory funds would be set aside from royalty revenues generated by oil and gas development in Federal waters of the Outer Continental Shelf (OCS), already included in the administration’s five-year plan. Oil dependence is one of the greatest threats to U.S. The ESLC is led by Co-Chairmen Frederick W. Kelley (Ret.),
Ford Motor Company unveiled its Lightweight Concept vehicle, which uses advanced materials to explore future weight-reduction solutions that could improve performance and fuel efficiency while reducing CO 2 emissions. Carbon fiber oil pan, front cover and cam carrier. There’s not a one-size-fits-all approach to light-weighting.
The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. Since 6 June, WTI and Brent futures have averaged above $120/bbl.
By 2030, annual PEV sales are estimated to be between 15% and 32% of the global light duty vehicle market, producing a global PEV population between 107 million and 190 million.
Chevron (as well as fellow oil major ExxonMobil) has been developing co-processing—adding biomass-derived feedstocks to the fossil-based feedstocks of existing petroleum refinery process units—as a way to produce fuels with increased renewable content more cost-effectively.
By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. In 2010 China had only about five light-duty vehicles per 100 people, while India had less than two per 100 people; this compares to about 75 vehicles for every 100 people in the United States. Click to enlarge.
Various low-carbon and exempted fuel providers with fuels already meeting the 2020 carbon intensity standards have expressed their intent and desire to opt into the LCFS program as a regulated party, but they are unsure of the process and if they can opt out in the future. High Carbon-Intensity Crude Oil (HCICO).
The US Environmental Protection Agency (EPA) announced two new proposed federal emissions standards spanning light-, medium- and heavy-duty vehicles for model year 2027 and beyond. Together, the proposals would reduce oil imports by approximately 20 billion barrels.
The forces of darkness who support this dirty, climate wrecking, grotesquery of ugliness of a project might want to buy some of those E&B Blackout Curtains offered by the oil company as their mitigation. The people in this building work to destroy the climate, pollute the air and ruin the future for our children and their children.
The European Commission today proposed targets for the further reduction of carbon dioxide (CO 2 ) emissions from new cars and light commercial vehicles (vans) by 2020. The proposals would in total save 160 million tonnes of oil and around 420 million tonnes of CO2 in the period to 2030.
With increasing pressure from air pollution, oil consumption and congestion, China is compelled to reinvent propulsion technologies. … They believe that the future belongs to the use and integration of technologies that are cost-effective and mature and gradually making progress for the future. —Ken Doweskin.
Reijnhart said that fossil fuels will be harder and more expensive to get, given that new oil and gas reserves are likely to be found under ice caps, deeper under the sea or under difficult political conditions. Reijnhart said that first-generation and second-generation biofuels were different pillars of the same long-term strategy.
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. This could eventually result in refiners cutting their crude oil imports.
Top findings of the telephone poll of 1,000 adults, conducted in May 2012 with a plus or minus three-point margin of error, include: 88% of those surveyed said the US should reduce oil consumption. CFA found that the belief that the US should cut back on oil consumption is associated with the desire for higher fuel economy.
Additional processing of domestically sourced tight lightoil could marginally increase refinery efficiency, but these benefits could be offset by crude rebalancing, they found. Refinery inputs include crude oil, natural gas, hydrogen, electricity, blendstocks, and unfinished oils. Credit: ACS, Forman et al.
As part of that effort, the leaders committed to reduce greenhouse gas (GHG) emissions from light- and heavy-duty vehicles by aligning fuel efficiency and/or GHG emission standards out to 2025 and 2027, respectively.
France-based Total is the first oil supermajor aggressively to enter new areas of business including solar plus storage and distributed generation, notes Lux Research in a new report : “Superpower Darwinism: What Big Oil Can and Cannot Do About Total’s Billion-Dollar Battery Move.”.
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.
Chan School of Public Health, and consulted by dozens of experts in academia, updates ethanol’s carbon intensity score to reflect how continuous improvements in technology and practices have driven further emissions reductions in the lifecycle of ethanol and will lead to net zero renewable fuel in the future.
One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer.
Light-duty VMT is beginning to decouple from traditional drivers. The most recent of these In Focus articles explores the impact of demographics and behavior on light-duty vehicle (LDV) energy demand. million barrels of of oil equivalent per day—and represented nearly 10% of world petroleum liquids consumption.
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