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Shell delivers more Brazil deep-water production from Parque das Conchas; 3rd phase of project

Green Car Congress

Shell and its joint venture announced the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil’s Campos Basin. The development is the first of its kind based fully on subsea oil and gas separation and subsea pumping.

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Shell’s Cardamom development starts production; second major 2014 start-up in deep-water Gulf of Mexico

Green Car Congress

Production is now underway from the Cardamom development, the second major deep-water facility Shell has brought online in the US Gulf of Mexico this year, following the start-up of Mars B in February. Auger was Shell’s first deep-water tension-leg platform. —Marvin Odum.

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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.

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POET Targets Water Use of 2.33 Gallons per Gallon of Ethanol in Five Years; 22% Reduction

Green Car Congress

POET plans to decrease water use in the production of ethanol by 22% over the next five years in the first goal of its sustainability initiative, Ingreenuity. If successful, it will cut the company’s water used per gallon of ethanol from an average of 3 gallons to 2.33, an annual water savings of one billion gallons. Caro (Mich.)

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. The Saudi situation is not different from its neighbors.

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

Green Car Congress

PFT technology processes bitumen on-site to remove water and solids and improve bitumen quality. The PFT process removes a portion of the heavy end of the barrel (asphaltenes) using less energy than would be required to remove the same heavy ends in a coker at an on-site upgrader, thus reducing greenhouse gas emissions.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars. Total Gas & Power Limited, the gas trading subsidiary of Total, will also purchase 0.9

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