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Brazil and US to deepen cooperation on energy; aviation biofuels

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Among the statements and agreements emerging from President Obama’s official visit to Brazil and meeting with President Dilma Rousseff were overall support for the US supporting “ the rise of Brazil as a global power ” as well as an agreement to launch a Strategic Energy Dialogue between the two countries.

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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term. million net acres.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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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.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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According to the analysis, the current anti-trust campaign environment could alter the relationships among consumers, dealer and OEMs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. North America.

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Qatar Airways looking to take up to a 10% stake in alcohol-to-jet company Byogy, along with off-take agreement

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Byogy says that its ATJ fuels will soon deliver a permanent cost advantage against petroleum-derived jet fuel as the cost curve to produce ethanol continues to be driven down by new technological advancements and the price of. Manager of Corporate Social Responsibility, Environment and Fuel Projects. and off-take agreement.

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IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

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China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Oil use grows, but in a narrowing set of markets.

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Researchers Sequence Genome of Sugarcane Ethanol Yeast; Potential for Cellulosic Ethanol

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Researchers from Duke University Medical Center, the University of North Carolina, and Brazil have sequenced the genome of PE-2, a strain of the yeast Saccharomyces cerevisiae that thrives on turning sugarcane into ethanol. When oil prices rose to new highs in the 1970s, Brazil invested in ethanol created from the its sugar cane crops.