Green Car Congress

MARCH 10, 2020

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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Oil 2020 Global Market 300

Green Car Congress

JANUARY 31, 2023

Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

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Gas Alaska Louisiana United States 457

Green Car Congress

MAY 30, 2023

India’s state-run Oil and Natural Gas Corp (ONGC) said that oil output from the Sakhalin-1 project in Russia has returned to a plateau level of 190,000 - 200,000 barrels per day (bpd) from zero. In April 2023, Russia’s Rosneft offered dividend payments to OVL against its 20% stake, rather than equity oil.

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Oil Russia India Ukraine 305

Green Car Congress

AUGUST 6, 2020

New research by the IHS Markit Canadian Oil Sands Dialogue shows that the combined greenhouse gas (GHG) intensity of Canadian oil sands projects has declined 20% from 2009 levels. The latest data show that the greenhouse gas intensity of Canadian oil sands going down further, continuing a decade-long trend.

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Oil-Sands Oil Gas 2009 250

Green Car Congress

AUGUST 8, 2022

The US Department of Energy (DOE) announced up to $32 million in funding ( DE-FOA-0002616 ) toward the research and development of new monitoring, measurement, and mitigation technologies to help detect, quantify, and reduce methane emissions across oil and natural gas producing regions of the United States.

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Oil Gas Emissions United States 210

Green Car Congress

NOVEMBER 3, 2021

The US Environmental Protection Agency (EPA) is proposing comprehensive new regulations to reduce methane emissions from the oil and natural gas industry—including, for the first time, reductions from existing sources nationwide. Source: EPA. billion a year.

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EPA Oil Gas Emissions 243

Green Car Congress

APRIL 8, 2020

The trajectory of North American gas supply is set to change radically as a result of the fall in oil prices that has occurred due to COVID-19 and the breakdown in production cooperation between OPEC and Russia, according to IHS Markit. Associated gas is regular natural gas that is produced together with oil out of the same well.

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Oil Prices Oil Gas Supplies 210

Green Car Congress

MAY 5, 2023

The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.

Oil 170

Oil Grant Gas Industrial 170

Green Car Congress

JANUARY 13, 2022

million to establish new geothermal energy and heat production from abandoned oil and gas wells. This work also supports the creation of new clean energy jobs, helping transition some of the oil and gas workforce to the production of renewable energy. ICE Thermal Harvesting (Houston, TX). This program is part of the?Wells

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Oil Oklahoma Gas Houston 199

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

JANUARY 11, 2019

The Department of Energy’s (DOE’s) Office of Fossil Energy announced up to $88 million in federal funding for cost-shared research and development projects enhancing technologies for oil and natural gas recovery under two separate funding opportunity announcements (FOAs). million barrels of oil per day (MMb/d)) to 56.5%

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Oil Gas 2017 2014 306

Green Car Congress

JULY 14, 2023

More than three-fourths of all oil and gas production in the US Gulf of Mexico has a lower greenhouse gas (GHG) intensity than the basin-wide average, according to a new S&P Global Commodity Insights analysis. However, about 78% of the total production was found to be beneath that average.

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Mexico Gas Oil Global 150

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

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Oil-Sands Insight Oil Global 221

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

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Oil Price Production Oil Prices 344

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. We expect notable decreases in electricity generation from natural gas and coal next year. EIA forecasts Russia will produce 9.3

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Oil Diesel Price Russia 334

Green Car Congress

NOVEMBER 27, 2022

Purchase and importation into Venezuela of goods or inputs related to the activities described in this general license, including diluents, condensates, petroleum, or natural gas products. from receiving profits from the oil sales by Chevron. Chevron also operates and holds a 60% interest in the Loran gas field offshore Venezuela.

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Venezuela Chevron Oil Production 358

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. This can be used to power hydrogen-powered vehicles, which are already marketed in some countries, as well as to generate electricity. Proton Technologies is commercializing the process.

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Oil-Sands Oil Hydrogen Venezuela 375

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

JULY 12, 2021

The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. 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 million b/d) and non-OPEC (-2.3

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2020 Oil Saudi Arabia Energy 397

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).

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Mexico Oil Water Gas 195

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.

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Oil-Sands Oil Global Insight 195

Green Car Congress

DECEMBER 28, 2020

The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of oil & gas operations. MHI has also further developed its advanced-class gas turbines to be capable of utilizing hydrogen, currently at 30%, and ultimately 100%.

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Carbon Mitsubishi Oil Gas 191

Green Car Congress

MARCH 25, 2014

a renewable oil and bioproducts company, is entering into the oil and gas drilling fluids additive market. As long as the oil and gas industry continues to extract fossil fuels, we at Solazyme view it as an imperative that it is done in a more sustainable way to protect the environment for generations to come.

Oil 210

Oil Renewable Gas Market 210

Green Car Congress

FEBRUARY 21, 2023

Indian Oil Corporation, India’s leading energy major, has entered into a memorandum of understanding (MOU) with LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. As a rapidly developing country, India’s energy transition will play a pivotal role in global energy markets.

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India Oil Fuel Production 170

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.

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Oil Prices Oil Global Price 210

Green Car Congress

FEBRUARY 6, 2022

bp has acquired a 30% stake in Green Biofuels Ltd (GBF), the UK’s largest provider of hydrogenated vegetable oil (HVO). GBF’s products are made from renewable feedstocks such as vegetable oils, animal oils and fat. It is fully compatible with gas oil and significantly cleaner than EN590 (automotive diesel fuel).

Oil 195

Oil Green Hydrogen Fuel 195

Green Car Congress

OCTOBER 2, 2019

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

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Oil Gas Oil Prices Water 199

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.

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Oil Fuel Mariner Climate Protection 418

Green Car Congress

APRIL 30, 2020

California is the seventh-largest oil-producing state in the US. The state’s crude oil production in 2018 was approximately 162 million barrels—mainly from onshore wells—down from 174 million barrels in 2017 and a recent high of 205 million barrels in 2014.

Oil 150

Oil California Gas Production 150

Green Car Congress

JULY 12, 2023

The global market for ammonia is poised to triple in the coming decades with nearly all of the growth coming from low-carbon ammonia, according to a new analysis by S&P Global Commodity Insights. The rapid growth in ammonia driven by low-carbon supplies will change the current market beyond recognition.

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Market Carbon Supplies Insight 195

Green Car Congress

APRIL 5, 2023

EIA projects that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support US production. It also assumes the Brent crude oil price reaches $101 per barrel (b) (in 2022 dollars) by 2050.

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International Oil Prices Production Oil 273

Green Car Congress

FEBRUARY 28, 2019

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

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Oil Industrial Industry Financing 231

Green Car Congress

JULY 17, 2023

MAN Energy Solutions announced that the first ME-GA engine has completed gas trials aboard an LNG carrier built by Hyundai Samho Heavy Industries (HSHI) for Norwegian shipping company, Knutsen OAS Shipping. This successful gas trial is a very important milestone in the development of the ME-GA engine. —Thomas S.

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Gas Engine Concept Exhaust 195

Green Car Congress

OCTOBER 11, 2017

While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. The Internet of Things is entering oil and gas, and so are analytics and artificial intelligence. by Irina Slav for Oilprice.com.

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Oil Market Oil Prices Industrial 150

Green Car Congress

JUNE 4, 2023

Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Mt to 3.22 Mt (7% year-on-year growth).

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Market Indonesia Russia Supplies 304

Green Car Congress

AUGUST 28, 2022

The Department of the Interior awarded an initial $560 million from the Bipartisan Infrastructure Law to 24 states to begin work to plug, cap and reclaim orphaned oil and gas wells.

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West Virginia Mississippi Plug Wyoming 199

Teslarati

MARCH 19, 2024

Gas and oil giant Shell is looking to close as many as 1,000 retail gas stations in the coming years, as it pivots toward deployment of electric vehicle (EV) charging stations. The report also notes the company’s plans to support key oils used in offshore winds and the development of EV batteries.

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Gas Charging Gas-Electric Wind 144