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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.
Total US exports of finished petroleum products have increased more than 60% since 2007 as markets have become more globally integrated, according to the US Energy Information Administration (EIA). This trend is driven primarily by finished motor gasoline and distillate fuel oil which are increasingly exported to Latin America.
for year 2007. A new black carbon (BC) emissions inventory from China found BC emissions levels in 2007 of 1,957 Gg BC—higher than reported in earlier studies. 2007); and predicted national data from the National Long-term Development Plan (NLDP) (2008?2050). 2007 were used in this study. Credit: ACS, Wang et al.
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.
Neste Oil has achieved its long-term target of using only certified palm oil as an input for its renewable diesel (NExBTL) production process. The original target, set in 2009, was that 100% of the raw palm oil used would be certified by the end of 2015.
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 agreed to sell a 40% interest in its oil sands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand. Future development of the oil sands leases will proceed in a stepwise manner.
Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).
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
Neste Oil has joined the ITAKA (Initiative Towards Sustainable Kerosene for Aviation) project, which is being funded by the EU to support the commercialization and use of renewable aviation fuel comprising hydroprocessed esters and fatty acids in Europe. Neste Oil will produce a total of 4,000 tons (roughly 1.3
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%
Business Mir reports that the Russian government has decided to cut the export duty on ultra-heavy oil to a mere 10% of the standard rate for 10 years to stimulate production. The decision will mostly benefit Tatneft, LUKoil and Alliance Oil, according to the report. Natural bitumen is oil having a viscosity greater than 10,000 cP.
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.).
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.
The Alberta Biodiversity Monitoring Institute (ABMI) released the first comprehensive report on the status of Alberta’s species in the Athabasca Oil Sands Area (AOSA). It also contains the Athabasca oil sands deposit, which represents 77% of Canada’s proven oil reserves and supports a growing energy extraction sector. “
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.).
ConocoPhillips remains active in oil sands production through its Foster Creek, Christina Lake and Surmount SAGD (steam assisted gravity drainage) projects. The company anticipates 20% CAGR from 2007 to 2019 to almost 300 million barrels of oil equivalent. —Jim Mulva, chairman and chief executive officer, ConocoPhillips.
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.
Researchers at the University of Regina, Saskatchewan are proposing a new enhanced heavy oil recovery (EHOR) process: Cyclic Production with Continuous Solvent Injection (CPCSI). A paper on their work is published in the journal Fuel ; the team had earlier presented their work at 2013 SPE Heavy Oil Conference in Calgary in June.
Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. —Statoil Canada country manager Ståle Tungesvik.
Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.
Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.
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).
Crude palm oil is one of the more than ten renewable raw materials that Neste uses to produce a range of renewable products, including renewable diesel. Palm oil represents approximately 20% of Neste’s renewable raw material usage annually. Increased pressure is created as the belt passes over rollers which decrease in diameter.
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.)
Neste Oil and St1 have begun working together on a fuel project as part of the TransEco development program coordinated by VTT Technical Research Centre of Finland. Simo Honkanen, Senior Vice President, Sustainability and HSSE, Neste Oil. We believe that Finland needs a range of alternative biofuel solutions as we go forward.
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