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bp starts oil production at Argos platform in the Gulf of Mexico; first new platform since 2008

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bp has successfully started oil production at its Argos offshore platform, strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. Argos is the centerpiece of bp’s Mad Dog Phase 2 project, which extends the life of the super-giant oil field discovered in 1998. Earlier post.) bp is the operator with 60.5%

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Tesla Model S Long Range Plus now EPA-rated for 402 miles

Green Car Congress

Tesla’s Model S Long Range Plus now carries an official EPA-rated range of 402 miles—a 20% increase compared to a 2019 Model S 100D with the same battery pack design. This is the first US EV to break the 400-mile range mark. All Model S Long Range Plus vehicles will receive the new 402-mile rating. The newest 8.5

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Assessment of US CAFE fuel economy standards finds big savings on fuel and emissions since inception

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In one of the first comprehensive assessments of the fuel economy standards in the United States, researchers from Princeton University and the University of Tennessee found that, over their 40-year history, the standards helped reduce reliance on foreign oil producers, cut greenhouse gas emissions, and saved consumers money.

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EPA proposes stringent new emissions standards for light-, medium-, heavy-duty vehicles for MY 2027 and beyond

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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.

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Future Fuel Strategies: 40+ countries developing light-duty vehicle fuel economy standards

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Fuels market analyst Tammy Klein notes that more than 40 countries are developing light-duty vehicle fuel economy standards. Ten years ago, only four governments 10 years ago had introduced mandatory GHG emission and/or fuel economy standards: China, Japan, South Korea, and the United States.

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ExxonMobil discovers more oil offshore Guyana at Mako-1 well on the Stabroek Block

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ExxonMobil announced an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15 th discovery on the Stabroek Block. Mako-1 encountered approximately 164 feet (50 meters) of a high-quality oil bearing sandstone reservoir. Earlier post.). Earlier post.). The Stabroek Block is 6.6

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Big Oil Betting On Electric Vehicles

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Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Maybe even decline. ”.

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