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

Green Car Congress

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At present, the main issue being reported on is that there has been corrosion of the water injection system, which is used to keep pressure in the reservoir.

Oil 186
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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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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. It is the second-largest oil producer in the UK North Sea.

Oil-Sands 325
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Report finds diluted oil sands bitumen not more corrosive than comparable heavy crude in pipelines

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Transmitting oil sands production. Synthetic crude is produced by upgrading bitumen and is a blend of naphtha, distillate and gas oil range materials produced by hydrotreating the naphtha, distillate and gas oil generated in a delayed coking unit.).

Oil-Sands 225
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FPT International introduces 8.7-liter CNG engine in China

Green Car Congress

Compared to the Cursor 9 diesel, the new engine has a Ni-Resist cast-iron exhaust manifold and water cooled wastegate turbocharger, increasing reliability. This is further supported by new piston rings to increase the oil service intervals by 17% vs. the Cursor 8 CNG, arriving at best in class for scheduled maintenance.

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Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

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Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. The only emission from a hydrogen train is water; it produces no harmful particulate or gaseous emissions.

Hungary 334
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IEA trims expected growth in oil demand for 2012/2013 by 300K–400K barrels per day

Green Car Congress

The International Energy Agency’s August Oil Market Report (OMR) trims 2012/2013 oil demand expectations by 300-400 thousand barrels per day (kb/d), although annual growth remains in an 800-900 kb/d range both years. Highlights of the August OMR include: Sluggish economic growth could restrict annual oil demand growth to 0.9

2013 236
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NRC report finds transporting diluted oil sands bitumen through pipelines does not increase likelihood of release

Green Car Congress

Diluted bitumen has no greater likelihood of accidental pipeline release than other crude oils, according to a new report from the National Research Council (NRC). The NRC committee was not asked to address whether the consequences of a diluted bitumen release differ from those of other crude oils. Earlier post.).

Oil-Sands 186