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bp sells its Sunrise oil sands interest to Cenovus, picks up interest in Bay du Nord project

Green Car Congress

bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy, the other owner of the Sunrise project. In Canada, bp will no longer have interests in oil sands production and will shift its focus to future potential offshore growth. 650 water depth. 650 water depth.

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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

Green Car Congress

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. Malo production facility operated by Chevron USA Inc.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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California adds more regulation for oil and gas industry; water quality and spill response

Green Car Congress

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.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Eni and RenOils to boost collection of used cooking oil for biofuel production

Green Car Congress

Eni and RenOils, the Italian national vegetable and animal oils and fats Consortium established in 2016 to ensure the correct management of the collection, transport, storage, processing and reuse of vegetable oils and animal fats, are promoting the recovery of used cooking oils (UCO) for biofuel production.

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Ford cuts manufacturing energy use 22% in 6 years; targeting additional 25% Drop by 2016

Green Car Congress

The company also announced plans to reduce usage another 25% on a per-vehicle basis by 2016. Other successful initiatives—highlighted in Ford’s 13th annual Sustainability Report—include reductions in water use, waste-to-landfill and CO 2 emissions as well as improvements in vehicle fuel economy and safety.

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