This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Today we've found yet another 2007 Toyota FJ Cruiser. The clutch has been replaced and the owner uses synthetic oil. This one has three pedals and six forward gears in addition to all-wheel drive. The tires and Bilstein shocks are relatively new and other recent maintenance, including a tune-up, has been done.
The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.). —Dr.
Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018. —Spencer Welch.
April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. This was the strongest April monthly demand since 2007. Strong global demand raised international oil prices by more than domestic ones. Domestic WTI crude oil prices averaged $66.25
Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit.
Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010. —US EIA.
Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. EIA data shows that 35 countries in all have already reached and descended from maximum oil demand. by Dwayne Purvis for Oilprice.com.
Statoil Canada has produced first oil from its SAGD (steam-assisted gravity drainage) Leismer Demonstration Project (LDP) in the Canadian oil sands after initiating steam injection in September 2010, one month ahead of schedule. Future phases of the Kai Kos Dehseh steam assisted gravity drainage (SAGD) project are also under study.
Neste Oil plans to use yeast and fungi to convert waste into oil for NExBTL feedstock. Neste Oil has completed the first phase of its project to build a pilot plant for producing microbial oil for use as a feedstock for NExBTL renewable diesel. Click to enlarge. Construction of the plant is on-schedule and on-budget.
Neste Oil has successfully started up Europe’s largest renewable diesel plant in Rotterdam in the Netherlands. The Rotterdam plant has a capacity of 800,000 t/a and will increase Neste Oil’s total renewable diesel capacity to 2 million t/a. The plant was completed on-schedule and on-budget.
A study by a team from the State Key Laboratory of Heavy Oil Processing, China University of Petroleum found that fluid thermal processing of. il sands is a feasible process for the production of an upgraded bitumen-derived liquid from Inner Mongolian oil sand. Oil sands exploration in Xing’an region.
Statoil has made the investment decision to develop the Mariner heavy oil field development in the UK North Sea. The field was discovered in 1981 and Statoil entered the license as operator in 2007 with the aim of finally unlocking the resources. The heavy oil project will require pioneering technology in order to be developed.
announced the successful commissioning of its first fully integrated biorefinery (IBR) in Peoria, Illinois, to produce algal oil. Solazyme has been running routine fermentations at commercial scale since 2007 and began running fermentation operations at the Peoria facility in Q4 2011. Solazyme, Inc. Solazyme, Inc.
Neste Oil celebrated the official opening of Europe’s first pilot plant for producing microbial oil from waste and residues at its site in Porvoo, Finland. —Lars Peter Lindfors, Neste Oil’s Senior Vice President, Technology. Neste Oil announced in December 2011 that it was going to invest €8 million (US$10.4
Japan’s Ministry of Economy, Trade and Industry (METI) will begin test drilling for oil and natural gas in the Sea of Japan off the coast of Niigata Prefecture in April 2013. METI hopes to discover Japan’s largest reserves of these resources—possibly the size of intermediate oil fields in the Middle East, according to METI.
These were the highest October deliveries since 2007. US crude oil production in October remained strong and above 9.0 Domestic crude oil production increased 7.0% Domestic crude oil production increased 7.0% Compared with the prior month and the prior year to date, crude oil production decreased 1.1%
Neste Oil, developer of the NExBTL process for renewable diesel, and agritrader Raisioagro have launched a research project to investigate the potential of straw as a raw material for producing NExBTL renewable diesel via Neste’s microbial oil technology. The cells are then harvested and the oil recovered. Earlier post.).
Replacement of up to 90% (270 Mt) of the total global consumption of plastics in 2007 with bio-based plastics is ultimately technically possible, according to new study by authors at Utrecht University, commissioned by the associations European Bioplastics and the European Polysaccharide Network of Excellence (EPNOE). Mt in 2007 to 2.33
The UK government’s Department of Energy and Climate Change (DECC) approved the field development plan put forward by Statoil and its co-venturers for the Mariner heavy oil field. The average production is estimated at around 55,000 barrels of oil per day over the plateau period from 2017 to 2020. Location of the Mariner field.
BP announced a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico (GOM). The Tiber well was drilled to a total depth of approximately 35,055 feet (10,685 metres) making it one of the deepest wells ever drilled by the oil and gas industry. The well found oil in multiple Lower Tertiary reservoirs.
General Electric will build a new Global Research Center in Oklahoma dedicated to driving innovation and technological advancements in the oil and gas sector and bringing products to market faster. At GE, we see a tremendous opportunity in the oil and gas space. At GE, we see a tremendous opportunity in the oil and gas space.
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.
Neste Oil has applied for patents to cover technology developed to produce microbial oil from waste and residues with the help of various yeasts and molds for use as a feedstock for its NExBTL renewable diesel. Microbial oil produced in this way has already been successfully refined into NExBTL renewable diesel. Earlier post.).
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
Neste Oil has started up the world’s largest renewable diesel plant in Singapore. The plant was completed on-schedule and on-budget and marks a major step forward in Neste Oil’s clean traffic fuel strategy. Production of NExBTL renewable diesel ( earlier post ) will be ramped up on a phased basis.
Dynamic Fuels will use Syntroleum’s Bio-Synfining process to hydrotreat the used cooking oil to produce renewable jet. The biofuel will be produced from used cooking oil by Dynamic Fuels at its Geismar plant and supplied by SkyNRG, the consortium launched by KLM and North Sea Group and Spring Associates in 2009. Click to enlarge.
Consumer demand for gasoline has not recovered from 2007 highs. Imports of crude oil and refined products fell in January by 14% to average 10.1 Crude oil production rose 3.8% The number of oil and gas rigs remained flat from December 2011 levels, according to the latest reports from Baker-Hughes Inc.
A team from Iowa State University and ConocoPhillips, Biofuels R&D performed a techno-economic study examining the fast pyrolysis of corn stover to bio-oil with subsequent upgrading of the bio-oil to naphtha and diesel range fuels. In 2007, ConocoPhillips established an eight-year, $22.5-million per gge ($1.73 per liter).
Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1 million barrels per day in 2007 to 5.5 Over the next 10 years, continued development of tight oil (e.g., quadrillion Btu in 2007, grows from 98.2
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.)
Petrobras announced a new oil discovery the Campos Basin post-salt layer (carbonate reservoirs), with the drilling of well 1-BRSA-713-RJS (1-RJS-661), informally known as Aruanã, in Exploratory Concession BM-C-36 (block C-M-401), which is operated exclusively by Petrobras. The Aruanã discovery in the Campos Basin. Click to enlarge.
China National Petroleum Corporation (CNPC) and Venezuela’s PDVSA (Petróleos de Venezuela SA) will invest about $14 billion to develop the Junin 10 block in the Orinoco extra heavy oil belt in Venezuela, according to a tweet sent out by Rafael Ramirez, the Venezuelan petroleum minister. degree API crude to upgraded crude of 35.7
The Government of Canada is supporting a three-year project that will result in the construction of a $19-million, demonstration-scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oil sands facility into commercial products such as biofuels. Algae Algal Fuels Biorefinery Canada Oil sands'
Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.
Secretary of the Interior Ken Salazar announced that the Central Gulf of Mexico oil and gas lease sale attracted $1,704,500,995 in high bids for tracts on the US outer continental shelf offshore Louisiana, Mississippi and Alabama. billion barrels of oil and 3.3 trillion cubic feet of natural gas.
Begun in December 2007, development of the Pazflor oil field 150 kilometers (93 miles) offshore Angola is one of the biggest projects currently operated by Total. The Pazflor oil field comprises four reservoirs. One of them, Acacia, was formed around 25 million years ago in the Oligocene and contains light oil.
Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oil sands region. Imperial Oil: $10 million for a Cyclic Solvent Process pilot in Cold Lake. Husky Energy: 2.9
Pending confirmation through future appraisal drilling, the total hydrocarbons initially in place in the Mad Dog field complex are now estimated to be up to four billion barrels of oil equivalent. interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6% BHP Billiton has a 23.9%
Brazil’s Petrobras set a new monthly oil production record in April. Separately, Brazil president Luiz Inácio Lula da Silva launched to sea the first oil tanker under the Transpetro Fleet Modernization and Expansion Program (Promef) at the Atlântico Sul Shipyard (EAS), in the port of Suape, state of Pernambuco. Oil production.
Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. Junin 5 is located in the Orinoco Oil Belt, specifically between Guarico and Anzoategui states. Click to enlarge.
Lease Sale 216/222 is the last remaining sale scheduled in the 2007 – 2012 Outer Continental Shelf Oil and Natural Gas Leasing Program. The Proposed 2012-2017 Outer Continental Shelf (OCS) Oil and Gas Leasing Program schedules 12 lease sales in the Gulf of Mexico.
At present, most commercial ocean-going ships use a propeller shaft that is supported by oil-lubricated bearings in the ship’s stern tube. A typical commercial (>1,000 DWT) ocean-going ship’s stern tube contains about 1,500 liters (396 gallons US) of oil. By comparison, the Exxon Valdez oil tanker discharged 41.6
Brazil’s Petrobras is launching two projects to produce biofuels from palm oil (dendê) in Tomé-Açu (state of Pará): a Petrobras-owned biodiesel plant (the Biodiesel Pará project), and a project to produce renewable diesel in partnership with Portuguese outfit Galp Energia (the Belém project) ( earlier post ).
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content