Industry, International, Oil and Supplies

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

Green Car Congress

APRIL 1, 2022

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

Oil Ukraine Libya Iraq

ClassNK issues AiP for ammonia fuel supply system for oil tanker and container ship developed by Samsung Heavy

Green Car Congress

AUGUST 15, 2023

ClassNK has issued an Approval in Principle (AiP) for an ammonia fuel supply system for oil tanker and container ship developed by Samsung Heavy Industries (SHI). Ammonia is expected to be used as a ship fuel for decarbonization since it does not emit CO 2 when combusted. Approval in Principle (AiP).

Oil

Oil Supplies Fuel Alternative Fuels

S&P Global: increasing trade of low-carbon biofuel feedstocks heightens supply constraint concerns

Green Car Congress

JUNE 8, 2023

Animal fats and used cooking oil are increasingly joining the likes of lithium, cobalt and copper as energy transitional materials where supply constraints are of growing concern, according to a new analysis of trade flows by S&P Global Commodity Insights Agribusiness Consulting group.

Carbon

Carbon Supplies Global North America

The $32-Trillion Push To Disrupt The Entire Oil Industry

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.

Oil

Oil Industrial Industry Financing

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

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. 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

Oil-Sands Oil Hydrogen Venezuela

Raven SR to supply sustainable aviation fuel to ANA and JAL

Green Car Congress

JANUARY 18, 2023

Raven SR signed memoranda of understanding (MOU) to supply sustainable aviation fuel (SAF) to All Nippon Airways (ANA) and to Japan Airlines (JAL) for major global routes. Each MOU provides for an initial 50,000 tons of SAF supply in the first year, 2025, with annual incremental increases to 200,000 tons for year 10.

Supplies

Supplies Fuel Waste Hydrogen

First hydrogen supply chain demonstration project using MCH to transport H2 starts

Green Car Congress

JUNE 30, 2020

The Advanced Hydrogen Energy Chain Association for Technology Development (AHEAD) has started the world’s first international demonstration operation to transport hydrogen using methylcyclohexane. In the consumer country, hydrogen is extracted from MCH by a dehydrogenation reaction and supplied as hydrogen gas. Earlier post.).

Brunei

Brunei Hydrogen Supplies Transportation

IEA forecasts world oil demand to hit record 101.9 million b/d in 2023; non-OECD to account for 90% of growth

Green Car Congress

APRIL 15, 2023

In its April Oil Market Report , the International Energy Agency (IEA) forecasts that world oil demand will climb by 2 mb/d in 2023 to a record 101.9 OECD demand, dragged down by weak industrial activity and warm weather, contracted by 390 kb/d y-o-y in 1Q23, its second consecutive quarter of decline. mb/d versus 4.6

Oil

Oil Ukraine Russia Brazil

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

Oil Prices

Oil Prices Oil Industrial Industry

British Airways, Phillips 66 sign sustainable aviation fuel supply agreement

Green Car Congress

DECEMBER 5, 2021

British Airways and Phillips 66 Limited have entered into a multi-year supply agreement for sustainable aviation fuel produced at the Phillips 66 Humber Refinery, making the airline the first in the world to use SAF produced in the UK. The SAF will be supplied to British Airways to power a number of its flights from early 2022.

Supplies

Supplies Fuel Waste Carbon

Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil; up to 80% GHG emission reduction

Green Car Congress

MAY 19, 2022

Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine 0.1 The sustainability characteristics of the co-processed marine fuel are certified with International Sustainability and Carbon Certification (ISCC PLUS) with a mass balance approach.

Mariner

Mariner Oil Emissions Fuel

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

Green Car Congress

MARCH 6, 2018

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

Brazil Norway Oil Canada

Aemetis finalizes $7B of supply contracts for 100% of Riverbank Plant Production of SAF and RD for up to 10 years

Green Car Congress

SEPTEMBER 8, 2022

a renewable fuels company focused on negative carbon intensity products, announced that $7 billion of sustainable aviation fuel (SAF) and renewable diesel (RD) supply agreements have been signed with 10 airlines for a total of 916 million gallons of blended SAF. Aemetis, Inc.,

Supplies

Supplies San Francisco Los Angeles Production

LG Chem, Dansuk JV to build Korea’s first next-generation hydro-treated vegetable oil plant

Green Car Congress

SEPTEMBER 3, 2021

LG Chem and Korean biodiesel producer and exporter Dansuk Industrial will form a joint venture to build Korea’s first next-generation hydro-treated vegetable oil (HVO) plant. HVO is a next-generation bio-oil produced through hydro-treatment of vegetable raw materials such as waste cooking oil and palm by-products.

Oil

Oil Building Waste International

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Green Car Congress

APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S.

Oil

Oil Supplies Oil Prices 2017

Equinor contracts for first green-ammonia-fueled supply vessel; 2MW SOFC

Green Car Congress

JANUARY 24, 2020

Norway-based energy company Equinor has contracted with Eidesvik Offshore for the Viking Energy supply vessel, which is being retrofitted to make it capable of covering long distances fueled by carbon-free ammonia. The vessel will transport supplies to installations on the Norwegian continental shelf (NCS). The Viking Energy.

Supplies

Supplies Fuel Green 2003

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

MAY 24, 2017

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.

Oil Prices

Oil Prices Oil Saudi Arabia Price

IEA says oil supplies may not keep up with demand

Green Car Congress

NOVEMBER 15, 2014

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

Oil

Oil Iraq Oil-Sands Supplies

thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

Green Car Congress

MAY 10, 2021

German steel companies thyssenkrupp Steel and HKM and the Port of Rotterdam will jointly investigate setting up international supply chains for hydrogen. Green hydrogen is a sustainable alternative to coal, oil and natural gas.

Hydrogen

Hydrogen Supplies Coal Stimulus

Ammonia market to triple by 2050 with nearly all growth coming from low-carbon supply; shift to energy markets

Green Car Congress

JULY 12, 2023

The rapid growth in ammonia driven by low-carbon supplies will change the current market beyond recognition. The diversification of supply routes and demand applications will introduce carbon capture, renewables, power utility and shipping market participants to an industry currently dominated by fertilizer producers.

Market

Market Carbon Supplies Insight

Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

JULY 30, 2019

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

Saudi Arabia

Saudi Arabia Oil 2018 Global

IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

Green Car Congress

MAY 6, 2021

Demand outlooks and supply vulnerabilities vary widely by mineral, but the energy sector’s overall needs for critical minerals could increase by as much as six times by 2040, depending on how rapidly governments act to reduce emissions. Ensure adequate investment in diversified sources of new supply. Source: IEA. Source: IEA.

Supplies

Supplies Climate Wind Clean

MAN Energy to supply engines for Finnlines hybrid RoRos; 100% increase in efficiency

Green Car Congress

APRIL 18, 2020

MAN Energy Solutions has won the order to supply six MAN B&W 9S50ME-C9.6 These will use fuel-oil during navigation and lithium mega-batteries in harbor, thus guaranteeing zero emissions in port—and meeting the Registro Italiano Navale (RINA) Green Plus class notation—while still satisfying energy requirements at berth.

Supplies

Supplies Engine Hybrid Energy

IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

DECEMBER 12, 2021

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price

Price Oil Asia Gas

ICCT report finds expected surge in renewable diesel production could have damaging environmental impacts due to feedstock demand

Green Car Congress

JANUARY 19, 2022

The International Council on Clean Transportation (ICCT) has released a report prepared by the consultancy Cerulogy that explores the potential market and environmental impacts of increased capacity for renewable diesel produced by hydrotreating oils and fats in the US. —from the report, “Animal, vegetable or mineral (oil)?”.

Renewable

Renewable Diesel Production Oil

bp and Maersk Tankers carry out successful trials of B30 in two tankers

Green Car Congress

DECEMBER 27, 2021

Each vessel was supplied with bp Marine B30 biofuel, consisting of 30% fatty acid methyl esters (FAME) blended with very low sulfur fuel oil (VLSFO). FAME is a renewable alternative fuel (biodiesel) largely produced from recycled cooking oils and renewable oil sources.

Mariner

Mariner Africa Oil Netherlands

Goodyear unveils 90% sustainable-material demonstration tire, approved for road use

Green Car Congress

JANUARY 6, 2023

This demonstration tire has passed all applicable regulatory testing as well as Goodyear’s internal testing. In addition, after announcing the capability to demonstrate a 70% sustainable-material tire in January 2022, Goodyear, working with its supply base, plans to sell a tire with up to 70% sustainable-material content in 2023.

Oil

Oil Carbon Polymer Renewable

IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Green Car Congress

MAY 22, 2020

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4

Oil

Oil Canada Oil-Sands Production

Australias CSIRO Convenes Symposium on Engineering Plant-Based Oils to Replace Industrial Oils

Green Car Congress

JULY 8, 2010

Australia’s CSIRO is convening a meeting next week at which some 200 plant oil researchers will share their research into how renewable plant-based oils can be engineered to replace industrial oils that have traditionally been manufactured from petroleum. CSIRO Plant Industry Deputy Chief Dr. Allan Green.

Oil

Oil Industrial Industry Engine

President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

JUNE 23, 2022

He also continued his calls for the oil industry to increase refinery capacity to increase production. Crude oil is always the top contributor to the prices US drivers see at the pump. Refined product prices are set by the marginal supply costs of bringing the incremental barrels of products to market.

Congress

Congress Fuel Tax Tax Fuel

MAN reports successful first running of ammonia two-stroke engine

Green Car Congress

JULY 14, 2023

The company reports that the successful combustion was performed on a MAN B&W two-stroke 4T50ME-X type and produced positive results with particularly promising data regarding pilot-oil amount and combustion stability. This is groundbreaking for both our company and the maritime industry as a whole.

Engine

Engine Mariner Water Oil

H2Carrier and Anori developing PtX project in Greenland; production of green ammonia on floating platform P2XFloater

Green Car Congress

JANUARY 6, 2023

The 1.5GW wind farm will supply power to H2Carrier’s floating production vessel for hydrogen and green ammonia, the P2XFloater. Green ammonia will be stored in tanks onboard the vessel, then exported to smaller shipping vessels and carried to the international market for ammonia. Earlier post.)

Green

Green Production Wind Norway

Siemens targeting Li-ion energy storage for marine and offshore oil and gas applications; 6MW system to West Mira rig

Green Car Congress

JANUARY 31, 2019

As part of a strategy to continue providing low-emissions solutions for harsh offshore operating environments, Siemens has opened a fully robotized and digitalized plant in Norway that will develop and manufacture energy storage technologies for both marine and offshore oil and gas applications. —Bjørn Einar Brath.

Energy Storage

Energy Storage Mariner Li-ion Oil

Neste-led project verified 50% methane emission reduction at palm oil mills using belt filter press

Green Car Congress

MARCH 2, 2018

Crude palm oil is one of the more than ten renewable raw materials that Neste uses to produce a range of renewable products, including renewable diesel. Palm oil represents approximately 20% of Neste’s renewable raw material usage annually. The field work was conducted by Meo Carbon Solutions. Schematic of a belt filter press.

Oil

Oil Emissions Malaysia Indonesia

GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

NOVEMBER 2, 2020

Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. To this end, the GECF Secretary General reiterated the GECF’s readiness to support the Turkmen industry as it undergoes transformation on the back of the future energy trends, digitalization, and climate action. —Secretary General Sentyurin.

Turkmenistan

Turkmenistan Equatorial Guinea United Arab Emirates Gas

Plug Power expands hydrogen supply chain partner network in Spain with CLH

Green Car Congress

NOVEMBER 27, 2019

Through the agreement, CLH will develop hydrogen production assets and downstream markets in Spain, in the industrial, mobility and power production/storage sectors for distribution to Plug Power customers throughout Europe. The CLH Group is a leading international company in the transport and storage fuel products in Europe.

Spain

Spain Plug-in Hydrogen Plug

Saudi Aramco signs 12 agreements with South Korean partners worth billions of dollars

Green Car Congress

JUNE 27, 2019

Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies to reinforce relationships with South Korea, expand international operations, and support the region’s energy security with the expansion of Arabian crude oil supply to Asian markets. Korea National Oil Corporation. Earlier post.).

Saudi Arabia

Saudi Arabia South Korea Carbon Fiber Hyundai

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

AUGUST 7, 2020

However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The development of an international hydrogen market could also accelerate adoption. —Jon Moore, CEO of BNEF. —Snam CEO Marco Alverà.

Gas

Gas Global Industrial Industry

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

JULY 21, 2022

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million b/d in 2022 and by an additional 1.6

Global

Global China Kuwait Oman

Royal Society of Canada releases report on environmental and health impacts of oil sands industry

Green Car Congress

DECEMBER 16, 2010

The Royal Society of Canada (RSC)—the country’s national academy of the arts, humanities and sciences—has released an expert panel report on the environmental and health impacts of the Canadian oil sands industry. Impacts on the regional water supply. Impacts of contaminants on downstream residents.

Oil-Sands

Oil-Sands Canada Oil Industrial

Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

Green Car Congress

DECEMBER 5, 2022

Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. Due to the abundance of sun and wind in the Iberian Peninsula, the International.

Hydrogen

Hydrogen Renewable Europe Green

Foss Maritime to build first three of new Arctic Class of deep-sea tugs for oil and gas industry

Green Car Congress

AUGUST 29, 2012

Responding to new oil and gas industry opportunities, Foss Maritime Company will build the first three tugs in an. International Convention for the Safety of Life at Sea (SOLAS). Foss says the new tugs will position it to compete for opportunities in the oil and gas industry. Several oil and gas customers are.

Oil

Oil Gas Industrial Industry

Documenting the EV battery material supply chain: Traceability challenges, Part One

Charged EVs

JANUARY 18, 2023

Thanks to the “Buy American” requirements of the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA), and similar provisions in the EU’s new Battery Directive, traceability is becoming a critical function in the EV industry. Traceability is a topic we’re beginning to hear a lot about in the EV industry.

Supplies

Supplies Parts Batteries Battery

BNEF: net-zero road transport by 2050 still possible, but big push needed

Green Car Congress

JUNE 2, 2022

The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million barrels of oil demand per day.

Transportation

Transportation Emissions Fleet Economy

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

ClassNK issues AiP for ammonia fuel supply system for oil tanker and container ship developed by Samsung Heavy

S&P Global: increasing trade of low-carbon biofuel feedstocks heightens supply constraint concerns

The $32-Trillion Push To Disrupt The Entire Oil Industry

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

Raven SR to supply sustainable aviation fuel to ANA and JAL

First hydrogen supply chain demonstration project using MCH to transport H2 starts

IEA forecasts world oil demand to hit record 101.9 million b/d in 2023; non-OECD to account for 90% of growth

The Next Oil Price Spike May Cripple The Industry

British Airways, Phillips 66 sign sustainable aviation fuel supply agreement

Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil; up to 80% GHG emission reduction

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

Aemetis finalizes $7B of supply contracts for 100% of Riverbank Plant Production of SAF and RD for up to 10 years

LG Chem, Dansuk JV to build Korea’s first next-generation hydro-treated vegetable oil plant

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Equinor contracts for first green-ammonia-fueled supply vessel; 2MW SOFC

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

IEA says oil supplies may not keep up with demand

thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

Ammonia market to triple by 2050 with nearly all growth coming from low-carbon supply; shift to energy markets

Eni report: global oil reserves and oil production up in 2018 due to US

IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

MAN Energy to supply engines for Finnlines hybrid RoRos; 100% increase in efficiency

IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

ICCT report finds expected surge in renewable diesel production could have damaging environmental impacts due to feedstock demand

bp and Maersk Tankers carry out successful trials of B30 in two tankers

Goodyear unveils 90% sustainable-material demonstration tire, approved for road use

IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Australias CSIRO Convenes Symposium on Engineering Plant-Based Oils to Replace Industrial Oils

President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

MAN reports successful first running of ammonia two-stroke engine

H2Carrier and Anori developing PtX project in Greenland; production of green ammonia on floating platform P2XFloater

Siemens targeting Li-ion energy storage for marine and offshore oil and gas applications; 6MW system to West Mira rig

Neste-led project verified 50% methane emission reduction at palm oil mills using belt filter press

GECF: more than a quarter of 2050 natural gas supply untapped

Plug Power expands hydrogen supply chain partner network in Spain with CLH

Saudi Aramco signs 12 agreements with South Korean partners worth billions of dollars

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Royal Society of Canada releases report on environmental and health impacts of oil sands industry

Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

Foss Maritime to build first three of new Arctic Class of deep-sea tugs for oil and gas industry

Documenting the EV battery material supply chain: Traceability challenges, Part One

BNEF: net-zero road transport by 2050 still possible, but big push needed

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