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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.
The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.
The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.
The fuel is produced from materials such as used oil from restaurants and the food industry. The first car freighter was refueled for the first time with this oil in mid-November 2020 and a second ship is due to follow at the beginning of 2021. This way, we reuse waste oil in an environmentally compatible way.
Dedicated climate activist Bill McKibben in a post on Substack suggested that Tesla and Big Oil have a common weakness. He says both are way behind the technological curve. The announcement a few days ago by BYD that it has developed a battery for an electric car that.
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.
A new analysis by European environmental NGO Transport & Environment finds that Europe burns more than 17,000 tonnes of rapeseed and sunflower oil every day—the equivalent of 19 million 1-liter bottles. Supermarkets have had to ration vegetable oils and prices are soaring. In a time of scarcity we must prioritize food over fuel.
Petrochemicals are rapidly becoming the largest driver of global oil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA. —Dr Fatih Birol, IEA Executive Director.
Crude oil and gas naturally escape from the seabed in many places known as seeps. This microbe, an archaeon named Methanoliparia , transforms the hydrocarbons by a process called alkane disproportionation: it splits the oil into methane (CH 4) and carbon dioxide (CO 2 ). Their open-access results are published in the journal mBio.
The US Environmental Protection Agency (EPA) and US Department of Energy (DOE) are partnering to provide more than $1 billion in funding to help reduce methane emissions from the oil and gas sector through the creation of the Methane Emissions Reduction Program.
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.
signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. Casterra’s high-yield, high-oil castor seed varieties are optimized for biofuel production to support the growing market of sustainable energy.
Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. The refining capacity of crude oil is approximately 10.5 Porvoo refinery. million ton/a.
The US Environmental Protection Agency (EPA) is proposing comprehensive new regulations to reduce methane emissions from the oil and natural gas industry—including, for the first time, reductions from existing sources nationwide. Source: EPA. billion a year.
of the methane encountered during oil production. of the methane in gas flares used by the oil and gas industry. It is one of several projects funded in support of the US Methane Emissions Reduction Action Plan, announced at the 2021 United Nations Climate Change Conference (COP26).
Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.
A team of scientists from Heriot-Watt University has found the waters in the Faroe-Shetland Channel (FSC) are teeming with oil-eating bacteria. The FSC is a deepwater sub-Arctic region where the oil and gas industry has been active for the last 40?years. —Angelova et al. 03701-20.
New research by the IHS Markit Canadian Oil Sands Dialogue shows that the combined greenhouse gas (GHG) intensity of Canadian oil sands projects has declined 20% from 2009 levels. The latest data show that the greenhouse gas intensity of Canadian oil sands going down further, continuing a decade-long trend.
The Japanese automaker ranked among the “world’s most obstructive companies on climate policy” of 2022, with oil giants like Exxon Mobile, Chevron, and leading Russian oil companies.
The EEA report ‘ Electric vehicles from life cycle and circular economy perspectives ’ reviews current evidence on electric cars’ impacts on climate change, air quality, noise and ecosystems, compared with conventional cars. The EEA has also published a new briefing on the environmental and climate impacts of transport.
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. —Comer et al.
Additionally, Governor Newsom requested that the California Air Resources Board (CARB) analyze pathways to phase out oil extraction across the state by no later than 2045. California’s production of oil has been steadily dropping since 1985. According to the California Energy Commission, California oil represented 34.9%
Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.
Advanced biofuels are based on raw biological materials, such as used cooking oil and other waste products. This material is used to manufacture a fatty acid methyl ester (FAME) (biodiesel), which is then mixed with varying proportions of low sulfur fuel oil. —Danny Smolders, Managing Director Global Sales at Hapag-Lloyd.
Volkswagen was one of the first car manufacturers to subscribe to the goals of the Paris Climate Agreement that aim to limit global warming to significantly less than two degrees by 2050. Only unavoidable emissions are offset by climate protection measures. The use of LNG not only reduces CO 2 emissions.
Regulating carbon emissions from the oil and gas industry would allow the United States to reach its climate goals faster, argues a recent opinion piece by an oil industry veteran published in The Hill. carbon-dioxide (CO2) emissions come from burning oil and natural gas, and 1.4 Over 80% of U.S.
Over the past year and a half, the company has invested around €10 million at Rolls-Royce Solutions in Augsburg in test bench modernization, hydrogen infrastructure and other measures as part of its ‘Net Zero at Power Systems’ climate protection program.
Porsche, Siemens Energy and partners are developing and implementing a pilot project—the “Haru Oni” project—in Chile that is expected to yield the world’s first integrated, commercial, industrial-scale plant for making synthetic climate-neutral fuels (eFuels). Electrolyzers will use wind power to produce green hydrogen.
This year’s edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions. The United States recorded the largest-ever annual production increases by any country for both oil and natural gas, the vast majority of increases coming from onshore shale plays.
This year is pivotal for international climate action—and it began with high hopes—but these latest numbers are a sharp reminder of the immense challenge we face in rapidly transforming the global energy system. As travel and economic activities pick up around the world, oil consumption and its emissions are rising again.
Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage. According to S&P Global Commodity Insights’ hydrogen outlook, global hydrogen demand grows from 70.4
All of the renewable products Neste distributes in North America are made from 100% renewable and sustainably sourced waste materials such as used cooking oil, rendered fats and greases. Western States Oil, headquartered in San Jose, Calif., —Bill Crotinger.
The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of oil & gas operations. Equinor aims to become climate neutral within 2050. The ambition concerns production emissions and energy use.
The ability to produce aviation-grade fuel from oil derived from wood waste—which up until now has been difficult due to the high viscosity of the oil—could help international aviation companies comply with new emissions regulations scheduled to go into effect in 2027. Lignin constitutes 20 to 40 percent of lignocellulose.
The US Department of Energy (DOE) announced up to $32 million in funding ( DE-FOA-0002616 ) toward the research and development of new monitoring, measurement, and mitigation technologies to help detect, quantify, and reduce methane emissions across oil and natural gas producing regions of the United States.
Perhaps surprisingly, the greenhouse gas footprint of blue hydrogen is more than 20% greater than burning natural gas or coal for heat and some 60% greater than burning diesel oil for heat, again with our default assumptions. Even if true though, the use of blue hydrogen appears difficult to justify on climate grounds.
The investments mark the first significant collaboration between a DAC developer and the energy industry, with two global energy leaders investing in DAC as a mechanism to reduce emissions from transportation and enable permanent capture of existing atmospheric CO 2 that can be utilized both in oil production and in direct synthesis of fuels.
In a historic move, Vermont has become the first US state to pass a law that makes major fossil fuel companies financially responsible for climate change damages.
These new grades will claim 100% renewable attributed carbon derived from crude tall oil (CTO) bio-feedstock, according to a mass-balance approach. This patent-pending technology allows a climate change impact reduction of almost 20% of the Kynar PVDF binder (expressed in kg eq. Arkema has launched its new sustainable Kynar PVDF range.
Indian Oil Corporation, India’s leading energy major, has entered into a memorandum of understanding (MOU) with LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. As a rapidly developing country, India’s energy transition will play a pivotal role in global energy markets.
Achates Power is backed by the Oil and Gas Climate Investments, Saudi Aramco Energy Ventures, and other investors. In addition, Achates Power is conducting further testing with a fully aged catalyst (the equivalent of 800,000 miles of operation) to demonstrate continued ability to meet CARB’s stringent standards.
Our work with Synthetic Genomics on algae biofuels continues to be an important part of our broader research into lower-emission technologies to help reduce the risk of climate change. This outdoor research follows the companies’ years of fundamental biological research into understanding and improving algae oil production.
Twenty homes scattered across Canada and the northern United States are keeping warm this winter using prototypes of the latest iteration in residential heating systems: cold climate heat pumps. To prove it, eight manufacturers are publicly testing their prototypes in the Cold-Climate Heat Pump Technology Challenge , hosted by the U.S.
Airlines such as Ryanair and Wizz Air have recently struck large deals with oil suppliers for what are termed ‘sustainable aviation fuels’ (SAF). But projections obtained from Stratas Advisors, a consultancy, shows that animal fats are expected to be the most common waste feedstock used in SAFs, alongside used cooking oil.
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