Remove Companies Remove Corporation Remove Oil
article thumbnail

Jordan signs $2B oil shale investment agreement with Saudi company

Green Car Congress

The government of Jordan and the Saudi Arabian Corporation for Oil Shale (SACOS) recently signed a $2-billion agreement under which the government grants the Saudi company the right to extract and to develop the oil shale resources in the Attarat Um-AL-Ghudran region covering an area of 11 square kilometers.

Jordan 257
article thumbnail

ONGC: Russia’s Sakhalin-1 oil output at 200,000 bpd

Green Car Congress

India’s state-run Oil and Natural Gas Corp (ONGC) said that oil output from the Sakhalin-1 project in Russia has returned to a plateau level of 190,000 - 200,000 barrels per day (bpd) from zero. In April 2023, Russia’s Rosneft offered dividend payments to OVL against its 20% stake, rather than equity oil.

Oil 305
article thumbnail

US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

Green Car Congress

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Venezuela General License (GL) 41 , authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela. from receiving profits from the oil sales by Chevron. Chevron currently holds a 39.2% Chevron also holds a 25.2%

Venezuela 358
article thumbnail

American Sands Energy announces successful operation of oil sand pilot facility in Utah

Green Car Congress

an oil sands exploration and development company operating in the state of Utah, announced the successful operation of its oil sand recovery pilot facility. American Sands is developing its oil sands operation outside of Price, Utah, where it currently has rights to more than 2,000 acres of oil sand deposits.

Oil-Sands 306
article thumbnail

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

Oil (..)

article thumbnail

ACL to begin transporting Canadian crude by inland barge to Gulf Coast for oil sands company MEG Energy

Green Car Congress

American Commercial Lines (ACL) will begin transporting crude oil by barge on the US inland waterways for MEG Energy (US) Inc. MEG Energy), a subsidiary of the Canadian oil sands company MEG Energy Corp. a subsidiary of Exxon Mobil Corporation, to expand its fleet of 325 tank barges to meet mid-range demands.

Oil-Sands 257
article thumbnail

Neste Oil de-emphasizing microbial oil R&D for renewable diesel; seeking other uses for cellulosic biomass

Green Car Congress

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.

Oil 310