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Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51 million barrels per day (b/d).
China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%
In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world overall and in the United States alone. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. For the world, production of crude oil in 1980 represented 3.4%
Prototype low-viscosity ionic liquid-additized engine oil demonstrated a 2% improved fuel economy compared to Mobil 1 5W-30 engine oil (3.93% over the 20W-30 baseline oil) in standard fuel efficiency engine dynamometer tests. 1%) in nonpolar hydrocarbon oils. —Dr.
New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.
Despite the decision to de-emphasize microbial oil, Neste Oil emphasized that cellulosic waste will continue to play an important role in its research strategy, adding that it remains committed to its goal of further extending its feedstock base and making greater use of waste and residues in this area in particular.
With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream.
A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Click to enlarge. the ICCT team concluded.
2015 Ram ProMaster City. Chrysler’s Ram brand introduced the 2015 Ram ProMaster City commercial van. The front-wheel drive 2015 Ram ProMaster City will be offered in two-seat cargo van and five-seat passenger wagon configurations and is powered by the 2.4-liter Click to enlarge. million units sold. liter Tigershark I-4.
The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s economics. And while oil prices slumped in October, drilling activity continues to rise, according to Baker Hughes , the third-largest oil services company.
Neste Oil will launch a low-sulfur marine bunker fuel compliant with the requirements of the EU’s Sulphur Directive. EU’s Sulphur Directive is due to come into force in 2015 and will require the sulfur content of bunker fuel to be reduced from 1% to 0.1% —Olli Vesamo, Neste Oil’s Director, Direct Sales.
ExxonMobil has started oil production from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments. The Liza Phase 1 development is approximately 190 kilometers offshore in water depths of 1,500– 1,900 meters.
The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high-quality oil-bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet (51 meters) of net pay in high-quality oil-bearing sandstone reservoirs. The Stabroek Block is 6.6 million acres (26,800 square kilometers).
2015 Honda CR-V. Honda has given its 2015 CR-V compact SUV, which launched in US dealerships on 1 October, the most significant mid-model cycle refresh in the 17-year history of the model. The 2015 CR-V features increased EPA fuel economy ratings of 27/34/29 mpg (8.7/6.9/8.1 The 2015 CR-V’s new Earth Dreams Technology 2.4-liter
Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, storage and offloading (FPSO) vessel. The $9-billion development will target an estimated resource base of about 600 million oil-equivalent barrels.
2015 GMC Canyon All Terrain SLE Extended Cab Short Bed Click to enlarge. GMC revealed the new 2015 Canyon midsize pickup on the eve of the North American International Auto Show in Detroit. Based on a proven global architecture, the new Canyon will initially offer two engines, with a Duramax 2.8L The standard 2.5L
ExxonMobil announced an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana ( earlier post ). Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Source: ExxonMobil. Earlier post.)
Ford’s MY 2015 F-Series Super Duty heavy-duty pickup trucks feature engine and chassis upgrades that together deliver best-in-class horsepower, torque and towing capacity. The new engine will also be featured on the MY 2016 F-650 and F-750 medium-duty trucks, available in spring 2015. Ford’s second-generation 6.7-liter
To reduce the number of accidents in the global oil and gas industry caused by damaged pipelines, University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. When larger spills happen, pipelines are often the culprit.
Chrysler Group is offering fuel-saving Engine Stop-Start (ESS) technology as standard equipment on certain models of the award-winning 2015 Jeep Cherokee mid-size SUV and 2015 Chrysler 200 mid-size sedan. liter Tigershark comes standard in the all-new 2015 Chrysler 200. Chrysler 200 customers who opt for the 2.4-liter
Class 3 flammable liquids most commonly include crude oil, ethanol, and refined petroleum products. DOT’s Pipeline and Hazardous Materials Safety Administration (PHMSA) and Federal Railroad Administration (FRA) issued a final rule on 8 May 2015, intending to make transporting flammable liquids safer.
FCA also plans to consolidate its small gasoline engine lineup with a new family to be launched in 2015. FCA will start the global roll out of a new small gasoline engine family in 2015 which incorporates these new and emerging technologies. Variable displacement oil pump. MultiAir valvetrain. Direct fuel injection. Cooled EGR.
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.
At an event in Sacramento, California, Volvo Trucks announced that it will commercialize dimethyl ether (DME)-powered heavy-duty commercial vehicles in North America, with limited production beginning in 2015. However, notes Dr. Rebecca Boudreaux, Oberon’s president, oil was at $16 per barrel back then. DME engine in 2015.
Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.
In a notice to be published in the Federal Register , the agency said that it intends to take action on the 2014 standards rule in 2015 prior to or in conjunction with action on the 2015 standards rule.
Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said. “The
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.
According to data from the US Department of Energy (DOE), gathered by the US Energy Information Administration (EIA), world petroleum production was 96 million barrels per day (mmbd) in 2015 and the United States produced more than any other country—16% of the global total.
The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. percent in August 2015.
Annual well-to-wheel emissions from a typical ev by state, 2015. EVs charging in Vermont are estimated to produce the fewest emissions—oil and gas make up only 1.2% Well-to-Wheel emissions from a typical EV by state, 2015. Source: DOE. Click to enlarge. West Virginia’s electricity production is 95.7% Click to enlarge.
2015 Chrysler 200. Chrysler introduced the revamped new 2015 Chrysler 200 mid-size sedan at the Detroit Auto Show. MultiAir technology, which is exclusive to Chrysler Group in North America, uses a column of oil in place of the traditional mechanical link between the camshaft and intake valves. Click to enlarge.
liter EA288 diesel engine will power the 2015 Golf, Beetle, Beetle Convertible, Passat, and Jetta, all of which are set to arrive in dealer showrooms in the second half of 2014. The engineers integrated the oil and vacuum pump in one module; it is designed as a compact dual pump. Main modules of development of the EA288 diesel.
Crude oil production in the US Permian Basin is expected to increase to an estimated 2.4 Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. million b/d) in that month. billion barrels of hydrocarbon gas liquids.
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. This could eventually result in refiners cutting their crude oil imports.
These figures will be announced during the first quarter of 2015. To this end, they used an original solution which constantly adapts the level of oil in the drive axle according to its needs for lubrication and cooling. When the vehicle is working hard and needs torque, the system increases the amount of oil in the drive axle.
The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending.
The Mercedes AMG PETRONAS Formula One Team unveiled its 2015 Formula One World Championship challenger, the F1 W06 Hybrid, ahead of the first day of pre-season testing at the Circuito de Jerez in Spain. It’s very much a case of evolution rather than revolution in 2015. Where last year was a case of “Can we do it?”
Shale oil production generates greenhouse gas emissions at levels similar to conventional crude oil production, according to a pair of new studies released by the US Department of Energy’s Argonne National Laboratory. These are shale formations with low permeability and must be hydraulically fractured to produce oil and gas.
In the third quarter of 2014, Petrobras surpassed ExxonMobil’s oil production, and is now the largest producer of liquid hydrocarbons among its publicly traded peers. Considering oil and natural gas, the company is now fourth in the ranking. in the case of Petrobras, and 1.5% in ConocoPhillips’ case.
Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.
Peugeot is targeting average CO 2 emissions of 116 g/km in 2015. Peugeot has further lowered the fuel consumption of its 1.6 HDi and 1.6 low-friction vacuum pump to avoid energy losses. Average CO2 emissions for the entire Peugeot range has dropped from 128.6 g/km in 2011 to 125.2 at the end of May 2012.
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. Their paper is published in the journal Geophysical Research Letters.
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