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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.
Shell Oil Company is now producing oil from what it says is the world’s deepest subsea well at its Perdido Development. From Perdido, Shell accesses the Great White, Tobago, and Silvertip oil and gas fields through subsea wells directly below the facility and from wells up to seven miles away. Earlier post.)
BP announced a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico (GOM). BP is currently appraising its deepwater GOM 2006 Kaskida discovery, also projected to contain more than 3 billion barrels in place. The well found oil in multiple Lower Tertiary reservoirs. BP advances in drilling depth and reach.
World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.
Neste Oil is the first company to be awarded an RSPO-RED Supply Chain certificate under the Roundtable on Sustainable Palm Oil’s (RSPO) new, more demanding certification system. The certificate covers the production of NExBTL renewable diesel at Neste Oil’s refineries in Porvoo, Rotterdam, and Singapore.
A study by a team of researchers from the National Oceanic and Atmospheric Administration (NOAA) Earth System Research Laboratory has found that methane emissions from oil and natural gas production in the United States may not be rising as quickly as had been feared. 1 for 2006?2015,
An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8
Maersk Oil and other partners declared the Azul-1 deepwater exploration well, located in Block 23 in the Kwanza Basin, a discovery well. The condition of the well prevented an assessment of flow capacity by a conventional test; this was performed as a mini-Drill Stem Test that enabled the recovery of two good quality oil samples.
Each year, 80 million tonnes of oil are shipped off Canada’s East and West Coasts. Oil tankers have been moving along Canada’s West Coast since the 1930s. Oil is moved mostly via the ports of Vancouver, Prince Rupert and Kitimat. million tonnes of oil was shipped out of Vancouver. It occurred in 2006, when the B.C.
a Canadian integrated oil company, reported an increase in third quarter crude oil production year-on-year of about 4% due to oil sands production that was 14% higher compared with the same period a year earlier. Conventional oil production slightly declined due to a combination of factors. Cenovus Energy Inc.,
Depending on operating conditions, the system can produce hydrogen and carbon dioxide at pressures up to 2000 psig; or synthesis gas (i.e. In hydrogen mode, a high-pressure hydrogen stream, separated from the product gas, can be fed directly to an upgrading or refining process with little or no compression.
Examples of emerging oil sands related technologies and trade-offs. The paper is an examination of how various choices about the scale of the life cycle analysis applied to oil sands (i.e., The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.
Russia will increase oil output in East Siberia, Prime Minister Vladimir Putin said upon arrival in the Yakutian village of Tiksi. According to the Oil and Gas Journal ’s 2008 survey, as cited by the US EIA, Russia has proven oil reserves of 60 billion barrels, most of which are located in Western Siberia.
World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 ( IEO2009 ) released today by the US Energy Information Administration (EIA).
Staff has reevaluated the Energy Economy Ratios (EERs) for heavy-duty vehicles burning CNG or liquefied natural gas (LNG) vehicles and proposes to revise them to reflect updated information. High Carbon-Intensity Crude Oil (HCICO). High Carbon-Intensity Crude Oil (HCICO). Energy Economy Ratios.
A new study on greenhouse gas (GHG) emissions associated with the conversion and degradation of peatland in palm oil plantations in Southeast Asia has determined that past studies have generally significantly underestimated emissions associated with palm oil grown on peatland. Southeast Asia.
According to an analysis by the US Energy Information Administration (EIA), planned additions over the next two years to the US crude oil pipeline infrastructure should relieve the bottleneck at Cushing, Oklahoma which has been caused by the oversupply of oil resulting from the growth of crude oil production in the US mid-continent and Canada.
One of those vehicles is a Mercedes-Benz E-Class powered by unblended renewable diesel produced by UOP’s Ecofining process ( earlier post ), using oil from algae provided by Solazyme. UOP launched its Renewable Energy & Chemicals business in late 2006.
Rosneft Board of Directors has approved a project plan for the development of the Kharampur gas field in West Siberia. The gas to be produced at Kharampur will be one of the key sources of supplies under the long-term contracts by Rosneft. The plan is to produce up to 8 billion cubic meters of gas a year. Map: Blackbourn.
Hydrogen is necessary in the upgrading of oil sands bitumen into synthetic crude, but it is a costly and carbon-intensive part of the process, given current hydrogen production technologies. MSG converts natural gas into hydrogen with a 23% reduction in GHG emissions compared to steam methane reforming. will receive a $C1.5-million
STG+ technology converts syngas into drop-in high-octane gasoline and jet fuel with a conversion efficiency of ~35% by mass of syngas into liquid transportation fuels (the highest documented conversion efficiency in the industry) or greater than 70% by mass of natural gas. Primus Green Energy Inc., —Prof.
The plant will allow further studies to be carried out on microalgae productivity and on oil content under climatic conditions in Rio Grande do Norte, a region conducive to the cultivation of these organisms. The project has identified approximately 10 species of microalgae capable of growing in oil production water and cultivated in tanks.
billion went to traditional sources—such as coal and oil—and $2.3 billion went to carbon capture and storage, which is designed to reduce greenhouse gas emissions from coal-fired power plants. More than half the subsidies for renewables—$16.8 billion—are attributable to corn-based ethanol, the climate effects of which are disputed.
Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.” On Tuesday, 6 January, the price for WTI crude closed at $47.93/bbl,
The Bakken is a prime US unconventional oil play, and is believed to be one of the largest, if not the largest, oil accumulation in the US. The tight oil is extracted in the same way as shale gas, through horizontal wells and hydraulic fracturing. In the Bakken formation, the oil is extracted from tight carbonate.
Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel, and biochemicals company focused on the acquisition, development, and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions.
Neste Oil will launch a completely new grade of diesel fuel in Finland this fall: Neste Pro Diesel. Select Properties of WWFC Category 4 Diesel Fuel (2006). Neste Pro Diesel will be produced at Neste Oil’s Porvoo refinery and will be available at Neste Oil’s service stations across Finland beginning this fall. Properties.
Using CO 2 injection for enhanced oil recovery (EOR)—an established commercial practice that currently annually consumes some 50 million metric tons of CO 2 (the majority from natural accumulations)—has also been identified as a method of sequestering CO 2 captured from industrial sources, such as power plants. CO 2 flooding for oil recovery.
The US Department of the Interior (DOI) is offering additional opportunities for energy companies to conduct oil shale research, development and demonstration (RD&D) projects on public lands in Colorado, Utah, and Wyoming. Earlier post.) The allotted acreage for commercial development represents an 87.5% Earlier post.) Earlier post.)
Gas-to-liquids (GTL) process systems boundary with co-product displacement. The framework for handling co-products in an LCA is presented in ISO 14040:2006, and advocates avoiding allocation when possible by including within the boundary of the assessment production processes for materials that are replaced by co-products. suggest.
Qatar Petroleum and Shell announced the first flow of dedicated offshore gas into the Pearl gas-to-liquids (GTL) plant located in Ras Laffan Industrial City in the State of Qatar. The synthesis gas enters one of 24 reactors. Construction at the massive Pearl GTL project, Qatar, 2010. Click to enlarge. Earlier post.)
The Japan-GTL consortium, formed in 2006 to commercialize a lower-cost gas-to-liquids GTL) process for the production of synthetic fuels and chemicals that does not require first removing carbon dioxide from the feedstock, has completed construction of its demonstration plant which will produce 500 barrels (about 80 kiloliters) per day.
Anelise Lara, the head of Petrobras’ refining, announced that the company is ready to begin production of renewable diesel from soy or other edible oils at commercial scale. Petrobras has a technology patented since 2006 for the co-processing of vegetable oils using the process called HBIO ( Earlier post.)
Petrobras has signed an agreement with Jogmec (Japan Oil, Gas, and Metals National Corporation) with the aim of commencing a technical feasibility study on flexible pipes for oil production in the pre-salt cluster. This study is the second collaboration between the two companies.
The US electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural gas supplies could get tighter than many analysts had previously expected. The reduction of 6 billion cubic feet (Bcf) was the first summertime drawdown since 2006.
The survey found that two-thirds of Americans (66%) favor building the pipeline, which would transport oil from Canada’s oil sands region through the Midwest to refineries in Texas. From 2006 through 2008, more than four-in-ten viewed global warming as a very serious problem. Click to enlarge. Keystone XL.
On the way there, I made a pit stop at a gas station to buy a bottle of champagne as a gift, hoping to start out a conversation with a stranger on the right foot. 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. My 2005 burns about 0.3-0.4
(EDI), a producer of plug-in hybrid electric vehicle (PHEV) and continuously variable transmission (CVT) solutions ( earlier post ), is partnering with Greenkraft , CALSTART, and the California Energy Commission (CEC) to develop a Class-4 vehicle that combines the benefits of compressed natural gas (CNG) and PHEV technology. GM engine.
India sugar mills have committed to supplying one billion liters (264 million gallons US) of ethanol to oil marketing companies for blending with gasoline during the next sugar year, starting in October. “In In order to achieve the mandatory five per cent blending programme, oil marketing companies require 860 million litres of ethanol.
Canada can succeed economically while meeting targets to reduce greenhouse gas emissions, according to an economic modelling study commissioned by the Pembina Institute and the David Suzuki Foundation. Reduction of “fugitive” emissions from the oil and gas industry and from landfills. in vehicles and buildings).
The development will utilize a dry tree Extended Tension Leg Platform with an on-board drilling rig and have production capacity of 75,000 barrels of oil and 25 million cubic feet of natural gas per day. First oil is anticipated in 2014. Chevron, through its subsidiary Chevron USA Inc.,
2015) formulated by the National Development and Reform Commission of China (NDRC), coal consumption will be limited to 3900 million metric tons (MMT) by 2015, which will present a challenge given the tremendous increase in coal use within the last 5 years (2300 MMT in 2006 and 3200 MMT in 2010). Credit: ACS, Huo et al. Click to enlarge.
Wärtsilä will supply the main engines for two tugs being built for CNOOC Energy Technology & Services Limited (CETS), a subsidiary of the state-owned China National Offshore Oil Corp. The vessels are the first in a planned series to be fueled by liquefied natural gas (LNG), and will be the first tugs in China ever to be operated on gas.
INPEX Corporation, JX Nippon Oil & Energy Corporation, Japan Petroleum Exploration Co., Ltd, Cosmo Oil Co., Ltd, and Chiyoda Corporation established the Nippon GTL Technology Research Association in October 2006 and conducted the project in cooperation with Japan Oil, Gas and Metals National Corporation.
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