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Researchers develop large-scale, economical method to extract hydrogen from oil sands and oil fields

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Canadian researchers have developed a large-scale economical method to extract hydrogen from oil sands (natural bitumen) and oil fields. The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. Proton Technologies is commercializing the process.

Oil-Sands 375
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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218
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EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

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CITGO to pay $737K penalty and implement pollution abatement projects at two refineries

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EPA further alleged that CITGO failed to sample and test reformulated gasoline blendstock at its Lemont refinery, as required by the CAA. an indirect, wholly-owned subsidiary of Petróleos de Venezuela, S.A. PDVSA), the national oil company of the Bolivarian Republic of Venezuela. CITGO is owned by PDV America, Inc.,

Pollution 186
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Saudis Expand Price War Downstream

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The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world. By offering almost 2.8

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State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

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Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oil sands using different production processes relative to gasoline produced from reference crudes. The proposed Project is not likely to impact the amount of crude oil produced from the oil sands.

Oil-Sands 253
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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With a strong exit to 2014, and gasoline prices currently plunging, consumers may feel even more positive throughout 2015. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. The IHS Automotive US light vehicle sales forecast for 2015 is 16.9 million units. The year preliminarily closed with 5.34

2015 150