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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). Domestic crude oilproduction increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 Higher natural gas production supports increased exports of pipeline and liquefied natural gas (LNG).
Bosch is starting volume production of a new drive unit consisting of an electric motor and an integrated inverter for light commercial vehicles. By embedding the electric drive module in the vehicles’ existing water-cooling circuit, an oil-based cooling circuit is no longer necessary.
million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. This will vary based on the type of product transported.
By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead.
Caelus Energy Alaska, LLC, a privately held independent exploration and production company, announced that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant lightoil discovery on its Smith Bay state leases on the North Slope of Alaska. This discovery could be really exciting for the State of Alaska.
IHS Markit Crude Oil Markets service expects up to 10 MMb/d of world oilproduction 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.
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.
A team from the University of Calgary and Rice University has used flash joule heating (FJH) ( earlier post ) to convert low-value asphaltenes—a by-product of crude oil refining—into a high-value carbon allotrope, asphaltene-derived flash graphene (AFG). Flash graphene from asphaltenes. (A)
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.
Enbridge is developing two pipelines in the Canadian oil sands area for a combined investment of about $3 billion. billion, depending on scope, to meet the needs of multiple producers in the Athabasca oil sands region. The first is a new industry diluent pipeline with associated capital of up to $1.4 The second is a new $1.6-billion
Researchers at Henan Polytechnic University in China have hydrotreated the oil derived from hydrothermal liquefaction of scrap tires (STO) with waste engine oil (WEO) using five different activated carbon-supported noble metal catalysts—Pd/C, Pt/C, Ru/C, Ir/C, and Rh/C—for the production of liquid fuels.
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.
Drones attacked two key Saudi Aramco sites in Saudi Arabia—the Abqaiq processing plant and the Khurais oil field—on Saturday; Houthi rebels claimed credit for the strikes. Saudi Aramco emergency crews contained the fires at the plants; the company announced the production suspension of 5.7 —Amin H.
Magna continues its transformation toward electric mobility with the start of production of its mild hybrid transmission for BMW Group. It also offers high modularity with the following: base transmission; fully integrated e-machine; on-demand cooling of the clutch and electric motor; a single oil circuit for cooling and lubrication; and.
April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. Total petroleum products delivered to the domestic market in April 2018 were 20,308,000 b/d—a seasonal decrease of 1.5% Domestic WTI crude oil prices averaged $66.25 from March but 3.8%
Supported by the company’s growing crude production in the Permian Basin, the project is the largest refinery expansion since 2012. The BLADE (Beaumont Light Atmospheric Distillation Expansion) project built a third crude unit within the facility’s existing footprint to expand light crude oil refining. Earlier post.)
has received the necessary approval from the Kern County Board of Supervisors to construct a new rail facility at the Bakersfield refinery and to make modifications to the refinery that will allow it to process light crude—e.g., Current products include gas oil, gasoline, diesel fuel, and petroleum coke. Bakken Crude.
At the same time, total miles traveled per year by cars, sport utility vehicles (SUVs) and light trucks will increase about 60%, reaching about 14 trillion in 2040. As personal mobility increases, average new-car fuel economy (including SUVs and light trucks) will improve as well, rising from about 30 miles per gallon (7.83
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. shale production will continue to grow along with global demand. shale production will continue to grow along with global demand. oil may not be able to fill.
The Greenbrier Companies will design a new generation “Tank Car of the Future” for rail transport of hazardous freight, including flammable crude oil and ethanol, that can better withstand the additional demands associated with operating unit trains. For over 30 years our Wagony ?widnica —William Furman.
The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6
Schematic representation of photocatalytic decarboxylation strategy for alkane production from biomass-derived fatty acids. Production of these alkanes from renewable biomass—such as biomass-derived fatty acids instead of fossil resources—could contribute significantly toward developing a sustainable energy supply.
Chevron (as well as fellow oil major ExxonMobil) has been developing co-processing—adding biomass-derived feedstocks to the fossil-based feedstocks of existing petroleum refinery process units—as a way to produce fuels with increased renewable content more cost-effectively. United States. doi: 10.2172/1846005
After the first half of the 2020s, growth in natural gas and HGL feedstock consumption slows as growth in the bulk chemicals industry shifts to secondary chemical production, which focuses on chemicals produced from commodity chemicals, as opposed to HGLs or natural gas. Source: U.S. Source: U.S.
We reviewed well-to-wheel greenhouse gas life cycle analyses for corn ethanol and evaluated models, input data, and results for farming, fuel production, co-product credit, land use change, transport of feedstock and fuel, tailpipe, and denaturant. gCO 2 e/MJ, 58% of total) and farming practices net of co-product credit (13.2
Syzygy is advancing a new photocatalytic chemical reactor that could significantly reduce the cost and carbon emissions in the production process for a wide range of major chemicals such as fuel, fertilizer, and plastic. Syzygy’s first go-to market is focused on a distributed hydrogen production system for small-scale hydrogen consumers.
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. sanctions on Iranian oil. Iran, OPEC’s third-largest producer, is trying to convince its oil customers to continue buying Iranian oil despite stringent U.S. sanctions kick in.
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.
will construct the Diamond Pipeline, a 440-mile (708 km), 20-inch crude oil pipeline that will provide capacity of up to 200,000 barrels per day of domestic sweet crude from the Plains Cushing, Okla. The refinery currently primarily processes light and sweet crude oil received through the Capline pipeline.
Reijnhart said that fossil fuels will be harder and more expensive to get, given that new oil and gas reserves are likely to be found under ice caps, deeper under the sea or under difficult political conditions. He suggested that breakthroughs in the production of cellulosic ethanol will come in the early 2020s.
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.
Solazyme received the award for Greener Synthetic Pathways for its tailored oils produced from microalgal fermentation. Amyris has demonstrated industrial-scale production using its proprietary yeast strains to ferment sugars into renewable fuels that meet petroleum fuel specifications. coli bacteria and Saccharomyces (e.g.
The new electric motor is clean, light, and efficient and can be assembled without the use of rare earths by customer request. Despite its very compact and light design, its continuous output is more than 90% of its peak output. The traction motor can run indefinitely with high performance due to its new cooling concept.
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. This could eventually result in refiners cutting their crude oil imports.
bp plans to invest $269 million investment in three projects at its Cherry Point Refinery in Washington state, aimed at improving the refinery’s efficiency, reducing its carbon dioxide emissions and increasing its renewable diesel production capability. The additional renewable diesel production is expected to be available in 2022.
The US Environmental Protection Agency (EPA) announced two new proposed federal emissions standards spanning light-, medium- and heavy-duty vehicles for model year 2027 and beyond. Together, the proposals would reduce oil imports by approximately 20 billion barrels.
Shell expects the Rotterdam biofuels facility to start production in 2024. It will produce low-carbon fuels such as renewable diesel from waste in the form of used cooking oil, waste animal fat and other industrial and agricultural residual products, using technology developed by Shell. The project aims to capture up to 2.5
Shale oilproduction generates greenhouse gas emissions at levels similar to conventional crude oilproduction, according to a pair of new studies released by the US Department of Energy’s Argonne National Laboratory. Light crude oil trapped in rock, such as shale, is called tight oil. for jet fuel.
Phillips 66 Company has applied for a California Low Carbon Fuel Standard (LCFS) Tier 2 fuel pathway for Renewable Diesel derived from distiller’s corn oil which is processed along with soybean oil and canola oil at its facility in Rodeo, California. The carbon intensity (CI) of the proposed pathway is 25.46 gCO 2 e/MJ.
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. Collaborating on cross-border transmission projects, including for renewable energy.
The conversion reaction also produces light olefins—ethylene, propylene, and butenes—totalling a yield of 8.7%. These are important raw materials for the petrochemical industry and are presently also only obtained from fossil crude oil. The final product is usually a crystallized material. —Yao et al.
A team from the University of Science & Technology of China in Hefei has developed a three-step process for the conversion of vegetable oils (triglycerides) into cycloparaffinic and aromatic biofuels in jet fuel range. The team analyzed the products by Gas chromatography–mass spectrometry (GC-MS). —Wu et al. —Wu et al.
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