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Increase in US rig count will not cap oil prices

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The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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Global Bioenergies reports first production of green isobutene at demo plant

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Global Bioenergies is now entering the final phase of demonstrating its technology for converting renewable carbon into hydrocarbons. The first trials on the demo plant in Leuna were successfully completed, within schedule, in the fall of 2016 and Global Bioenergies announced first production of green isobutene via fermentation.

Global 150
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NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

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The research project thus has the potential to allow for more efficient and economical transport of hydrogen, which can in turn contribute to the expansion of global hydrogen supply chains. This collaboration comes at a timely moment, on the back of rising oil prices.

Singapore 150
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EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

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World markets for petroleum and other liquid fuels have entered a period of dynamic change in both supply and demand, the EIA noted, leading to its reassessment of its outlook for long-term global liquid fuels markets in IEO2014. Rising world oil prices attract investment in areas previously considered uneconomic.

Asia 341
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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. billion barrels of discovered recoverable resource.

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Gevo, Los Alamos to collaborate to develop high-energy-density renewable missle fuel

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ChemCatBio , a consortium within the US Department of Energy, awarded funding to LANL in support of the project as one of 9 projects to accelerate the development of catalysts and related technologies for the commercialization of biomass-derived fuels and chemicals. Andrew Sutton of Los Alamos National Laboratory.

Renewable 150
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ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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It will also establish fast transportation links connecting Astana and Aktobe with the major oil and mineral–rich city of Atyrau, and the country’s only international commercial seaport in Aktau.