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The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 Crude oil inventories reached a recent low of 413.9
While oil will remain the most widely used fuel, overall energy demand will be reshaped by a continued shift toward less-carbon-intensive energy source as well as steep improvements in energy efficiency in areas such as transportation, where the expanded use of advanced and hybrid vehicles will help push average new-car fuel economy to 48 mpg (4.9
Novvi LLC announced the successful start-up of its Deer Park, TX plant, where it is manufacturing and marketing 100% renewable base oils ( NovaSpec Base Oils ) for the lubricants industry, and 100% renewable process oils for polymer, adhesives, and personal care industries. Novvi is a joint venture of Amyris, Inc.,
MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC. Marathon Petroleum Corp.
John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.
announced that commercial production of its renewable algal oils has begun at both Archer Daniels Midland Company (ADM)’s Clinton, Iowa facility, and the downstream companion facility operated by American Natural Products in Galva, Iowa (ANP). Solazyme, Inc.
The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.
Well-to-wheel (WTW) greenhouse gas emissions for in situ SAGD and surface mining pathways generated employing GHOST/TIAX/ GHGenius combination and comparison with SAGD, mining and conventional crude oil literature pathways (all results are on a HHV basis). 74% of WTW emissions in our oil sands pathways. Credit: ACS, Bergerson et al.
The BMW Group is introducing the BMW Intelligent Personal Assistant—a new proprietary in-car AI assistant intended to enhance the BMW driving experience. BMW’s Intelligent Personal Assistant combines with the new BMW Operating System 7.0 BMW’s Intelligent Personal Assistant combines with the new BMW Operating System 7.0
California-based Biosynthetic Technologies, in partnership with Albemarle, announced that operations of a demonstration production plant for biosynthetic lubricant oil within Albemarle’s existing Baton Rouge facility have commenced. These biosynthetic base oils exhibit many superior characteristics to petroleum-based lubricant oils.
a renewable oil and bioproducts company, is entering into the oil and gas drilling fluids additive market. As long as the oil and gas industry continues to extract fossil fuels, we at Solazyme view it as an imperative that it is done in a more sustainable way to protect the environment for generations to come. Solazyme, Inc.,
a renewable oil and bioproducts company, and Unilever have executed a commercial supply agreement for the first partnered Solazyme Tailored Algal Oil. The agreement covers the first of Solazyme and Unilever’s jointly developed tailored oils with an initial supply of at least 10,000 metric tons (MT). Solazyme, Inc.,
Personal air travel (billion seat-miles) grows by an average of 0.7% Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 T he Brent crude oil spot price declines from $112 per barrel (bbl) (in 2012 dollars) in 2012 to $92/bbl in 2017. quadrillion Btu in 2012 to 2.7
Separately, Solazyme and Archer-Daniels-Midland Company, a leading global agricultural processor, signed strategic collaboration, manufacturing and market development agreements in which Solazyme and ADM will produce Solazyme’s tailored algal oils in ADM’s advanced fermentation plant at Clinton, Iowa. Solazyme, Inc., Earlier post.).
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.
More specifically, reliably projecting the oil demand, a critical leading indicator of the state of the US economy, is beneficial to related business activities and investment decisions. However, few studies have quantified and forecast the oil demands under multiple pandemic scenarios, and this research is desperately needed.
Rosneft announced a major oil discovery at the East-Prinovozemelskiy-1 license area in the Kara Sea, following the successful completion of the drilling of the northernmost well in the world—the Universitetskaya-1 well. I can inform you about the discovery of the first oil/gas-condensate field in the new Kara sea oil province.
Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). oil shale), and refinery gain. Strong efficiency gains (especially in personal transportation) and conservation reduce OECD demand for liquid fuels.
AB 1328 gives California water agencies access to information on potentially hazardous chemicals used in oil and gas operations. AB 1197 will ensure their spill management teams are adequately trained and prepared in the event of an oil spill. These other operations account for the majority of all oil and gas production in California.
a producer of specialty chemicals from natural oils ( earlier post ), signed a Memorandum of Understanding (MoU) to establish a strategic partnership jointly to develop and scale a new metathesis technology to produce bio-chemicals from vegetable oils. Versalis, the chemical subsidiary of Eni, and Elevance Renewable Sciences, Inc.,
MCW Energy Group, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announced successful results of processing random Alberta oil sands tailings ponds samples in a series of preliminary laboratory tests. Clean up and remedial fees from oil companies and/or governments.
Today that person turned out to be Wendy Greuel. I’ve never personally witnessed any passion out of Ted or felt that he had the fire in his belly on the environment or was any kind of climate action hero. . Oil Drilling in Hermosa Beach. And yet… I’m just not feeling Ted Lieu.
Transportation fuel mix in millions of oil-equivalent barrels through 2020. By contrast, gasoline demand will be relatively flat, despite the doubling of the global personal vehicle fleet over the Outlook period from more than 800 million vehicles to more than 1.6 Source: ExxonMobil Outlook. Click to enlarge. Click to enlarge.
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 However, oil will continue to play a leading role in the world’s energy mix, the report finds. l/100 km) now to close to 50 miles per gallon (4.7 l/100 km) in 2040.
Solazyme received the award for Greener Synthetic Pathways for its tailored oils produced from microalgal fermentation. Solazyme has engineered microalgae to produce oils tailored to customers’ needs that can mimic or enhance properties of traditional vegetable oils. coli bacteria and Saccharomyces (e.g.
In today’s Electrek Green Energy Brief (EGEB): French oil giant Total changes its name to TotalEnergies to mark its shift to renewables. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Click here to learn more and get your quotes. — *ad.
The Oil and Gas Climate Initiative (OGCI) will invest $1 billion over the next ten years to develop and to accelerate the commercial deployment of innovative low-emissions technologies. This investment represents an unprecedented level of oil and gas industry collaboration and resource-sharing in this space.
We believe that, even more so than today, the car of the future will be about lifestyle and personal expression. Bio-oil, natural rubber and rice husks are just some of the materials that serve as a basis for the tires on the ID. In creating the ID. LIFE, we have consistently focused on the needs of younger customers.
UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. more… The post EGEB: Oil kingdom Saudi Arabia launches its first wind farm, the Middle East’s largest appeared first on Electrek. Click here to learn more and get your quotes. — *ad.
In today’s Electrek Green Energy Brief (EGEB): The US Department of the Interior suspends oil and gas leases in the Arctic National Wildlife Refuge. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Click here to learn more and get your quotes. — *ad.
ExxonMobil expects that by 2030, China will have surpassed the United States as the country with the largest number of personal vehicles, even though China’s vehicles per capita will be about one-third the level of the United States at that time. China will see the largest increase—more than 4 million oil-equivalent barrels per day.
When it comes to the car of the future and automated driving experiences, data is literally the new oil. In his talk, Krzanich noted that in 2016, the average person generates 650MB of data a day through use of their PCs, mobile phones and wearables. By 2020, projections show that the average person will generate 1.5GB of data a day.
Teijin’s bio-polyester fiber conserves fossil resources and lowers greenhouse gas emissions due to its carbon neutral effects, yet still offers the same characteristics and quality of oil-derived polyester. The company aims to increase sales to over 50% of its total polyester fiber sales for automotive seats and interiors by 2015.
The details of that specific situation may result in an electric vehicle parc somewhat different than in Western countries, other speakers noted, and may indeed—given the obvious scale of the China market—herald a major transformation in transportation, including the type and role of personal vehicles, others suggested.
trillion in revenue, which could then be used to reduce personal or corporate income taxes, extend the payroll tax cut that expires this year, maintain spending on social programs—or some combination of these options—while reducing the deficit. The third win—carbon dioxide (CO 2 ) pollution and oil imports would be reduced.
Freight transportation on US roadways is expected to double by 2050, while global oil resources continue to deplete. The ELFA traction hybrid drive systems enable personal and commercial vehicles to save more than 30% in fuel consumption and CO 2 emissions. —Daryl Dulaney, CEO, Siemens Infrastructure & Cities, United States.
The outlook is developed by examining energy supply and demand trends in 100 countries, 15 demand sectors covering all manner of personal and business needs and 20 different energy types. The Outlook for Energy identifies a significant evolution in the trade of oil and other liquids. billion in 2040. —Outlook.
In today’s Electrek Green Energy Brief (EGEB): Heating homes with hydrotreated vegetable oil is now under way in pilots in the UK. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Click here to learn more and get your quotes. — *ad.
UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. more… The post EGEB: Oil and gas lobbyists are trying to stop clean energy with Facebook ads appeared first on Electrek. Tesla now offers price matching, so it’s important to shop for the best quotes.
The oil used to fry Fazer Bakery’s May Day doughnuts will be recycled by refining it to produce Neste MY renewable diesel. The amount of diesel that’s made from the oil used to fry every three doughnuts is enough to drive a distance of about one kilometer. This is around three doughnuts a year for each person in Finland.
In what could only be described as a symbolic victory against the fossil fuel industry, Tesla ( NASDAQ:TSLA ) CEO Elon Musk’s personal net worth has now overtaken the market cap of Exxon Mobil Corp, one of the world’s most prolific oil companies. Don’t hesitate to contact us with news tips.
The Methane Observation Networks with Innovative Technology to Obtain Reductions (MONITOR) program will help the oil and gas sector reduce methane emissions. The program implementation focus is on “oil and gas systems” from the wellhead to the end-user. of the global warming impact from domestic human activity. Earlier post.).
The latter is composed of kerosene fuel with 32% HEFA (hydrogenated esters and fatty acids) from old frying oil, animal fats, algae and plant oils. Thus, the researchers were able to deposit an aerosol directly on human lung cells, which would not have been possible in an experiment with human test persons for ethical reasons.
The two-piece housing design has been retained: the torque converter housing is made of lightweight aluminium, while the transmission housing with weight-optimized plastic oil pan is made of an even lighter magnesium alloy. The heat generated during operation is reliably dissipated via the transmission oil cooler. New gearing concept.
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