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billion program of pipeline expansions to carry an additional 400,000 barrels per day (bpd) of lightoil from North Dakota and western Canada to refinery markets in Ontario, Quebec and the US Midwest. billion investment rounds out our suite of major crude oil new market access initiatives for North American markets.
Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51 million barrels per day (b/d).
Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). quadrillion Btu in 2040 in AEO2014 , reflecting the impacts of increased foreign trade on international shipping and higher incomes on recreational boating. LDV energy consumption declines in AEO2014 Reference case from 16.0
Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.
The piston’s raised gallery places the cooling oil as close to the piston bowl as possible to achieve maximum cooling. internal friction. Positioning the oil gallery closer to the piston’s rim and bowl required a major advance in the precision and reliability of the casting process. Click to enlarge. its strength.
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.
China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Oil use grows, but in a narrowing set of markets.
The Hydrogen Heavy Duty Vehicle Industry Group—comprising Air Liquide, Hyundai, Nel Hydrogen, Nikola Corporation, Shell and Toyota—has signed agreements with Tatsuno Corporation and Transfer Oil S.p.A. to industrialize globally-standard 70 MPa hydrogen heavy-duty vehicle high-flow (H70HF) fueling hardware components.
The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).
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.
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.
Transmitting oil sands production. Generally, bitumen is diluted either with naphtha-based diluents, NGL liquids, ultra light sweet crudes, condensates, and so on with a density of 650 - 750 kg/m 3 to produce dilbit, typically with a 30:70 diluent to bitumen ratio. it won’t flow through the pipeline with modification.
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.
Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.
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.
Bunker’s emphasis on the general ongoing importance of the internal combustion engine—along with the different technology pathways for improving their efficiency—were echoed by a number of DEER speakers, looking at light-duty as well as medium- and heavy-duty sectors. should not discount novel engine designs.
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.
Eni’s proprietary Eni Slurry Technology (EST) is able to convert refining residues entirely into high-quality light products, eliminating both liquid and solid refining residues with significant environmental benefits. Eni slurry technology: A new process for heavy oil upgrading.” 614-622.
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 developer of a process for harvesting algae and cleaning up oil & gas water, announced that its second original equipment manufacturer’s (OEM) agreement will target oil service companies in the Canadian oil sands market. LH was an early private investor in Athabasca Oil Corporation. OriginOil, Inc.,
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.
A focus on light-weighting will be fundamental to our industry for years to come, and we are investigating many advanced materials applications as possible solutions for weight reduction in our vehicles. Carbon fiber oil pan, front cover and cam carrier. There’s not a one-size-fits-all approach to light-weighting.
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.
Testing of the latest Nexcel active engine oil management system ( earlier post ) across three different engine types has a{demonstrated} the system’s potential to reduce CO 2 emissions by 2 g/km. Nexcel’s active engine oil management system is an easy to change unit containing engine oil, a filter and an electronic control unit.
Under its most conservative of scenarios, more than 5 million light-duty electric-drive vehicles will be on the road in the US by 2035, according to a new forecast by IEE , an institue of the Edison Foundation. In this, electric light duty vehicles (LDVs) represent 2% of the registered vehicle stock (5.3 Source: IEE. Click to enlarge.
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).
GM will focus its vehicle electrification efforts on three main technologies: light electrification, currently manifested in the eAssist systems; extended range electric vehicles (EREVs) such as the Chevrolet Volt; and battery electric vehicles (BEVs), such as the soon-to-be-introduced Spark EV. Source: Larry Nitz, GM. Click to enlarge.
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. 50% clean power target.
April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. Strong global demand raised internationaloil prices by more than domestic ones. Domestic WTI crude oil prices averaged $66.25 WTI crude oil traded as an average discount of $5.38
Light duty vehicle fleet by type and average fuel efficiency. ExxonMobil expects that by 2040, hybrids and other advanced vehicles will account for nearly 50 percent of light duty vehicles on the road, compared to only about 1 percent today. Source: ExxonMobil Outlook. Click to enlarge. L/100 km) by 2040. L/100 km) by 2040.
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.
Reliable estimates of greenhouse gas emissions for corn ethanol are important since these values help determine significant policy and market decisions on state, national, and international levels.
We only drove ’normal’ ICE (Internal Combustion Engine) cars before but those gave me a feeling of always being in a hurry. Power steering is electric and as a result we don’t need to check the power steering oil level as there isn’t any. Priuses can burn oil. Two out of our four Priuses burn oil. My 2005 burns about 0.3-0.4
Just over three months after the authorities lifted the four-decade ban on crude oil exports, the US has actually exported less this year than it did over the same period the year before, when the ban was still in place. crude oil export volumes since the beginning of this year. oil, according to a Reuters source. Census Bureau.
With its specific torque-split concept for hybridization, Magna’s 7HDT400 48V transmission enables optimal efficiency of an internal combustion engine and electric motor. a reduction in CO 2 at Worldwide Harmonized Light-Duty Vehicle Test Cycles (WLTC) and in real-world driving operations.
Is it a good idea to market an efficiency-focused car around oil dependence when national-average gas prices are headed toward $2.00 A video recently last Tuesday by Aptera takes exactly that angle—introducing the company’s electric three-wheeler in light of international conflict and climate change, as related to the oil.
Low gasoline prices and pent-up consumer demand will combine to drive new car and light truck sales to an estimated 16.94 million new cars and light trucks for 2014 was on target. NADA represents more than 16,200 new-car dealerships both domestic and international franchises. NADA’s original sales forecast of 16.4
Yanchang Petroleum International Limited is buying Novus Energy Inc., a junior oil and gas company targeting lightoil resource plays in Western Canada, for around C$223 million (US$213 million). These plays have large “original-oil-in-place” and well delineated, low geological risk reserves, the company said.
Austria-based oil and gas company OMV opened the first public hydrogen filling station in Vienna, Austria. All lighting elements were mostly equipped with LEDs—a major contribution considering that the lighting is used for 24 hours, 365 days of the year.
As the cavitation bubbles grow and implode they bring about internal stresses within the liquid; this disruptive force causes the water particles to disperse inside the oil in the form of minute spheres. Fuel and water are fed proportionately into the reactor, which creates continuous and controlled cavitation.
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.
With two ratio options and multiple mounting points for ease of installation, the E-Transmission is suitable for a range of vehicles from kit and classic cars through to light commercial vehicles. Oil Capacity (l). Internally, OE-specification helical gears offer low levels of noise, vibration and harshness. Specifications.
The expanded refinery can process a wide variety of crude oils, ranging from relatively light to heavy. Light ends-Naphtha is processed in the Saturates Gas Plant which is integrated on the VPS plot. Feeds to the HCU include heavy coker gas oil from both DCUs, extracts from the lube operations and medium. MBPD of feed.
This project will optimize fuel-based control of novel combustion strategies in light- and heavy-duty vehicles to enable diesel-like efficiencies with ultra-low engine-out emissions. Light-weighting materials. Demo Project for Multi-material light-weight prototype vehicle. Vehma International of America, Inc. 10,000,000.
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