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Exxon Mobil Corporation will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 million barrels of oil, an increase from earlier estimates. The platform is being designed for daily production of 150,000 barrels of oil.
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.
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%
Titanium Corporation Inc. has secured what it calls a critical patent for its innovative technology which recovers hydrocarbon diluents (solvents) from oil sands tailings. Heavy minerals exist in Alberta’s oil sands in minor quantities. Earlier post.). Dr. Moran also collaborated with Dr.
John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.
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.
Eaton Corporation will develop an affordable home refueling station for natural gas vehicles, utilizing existing natural gas sources in the home and innovative compressor technology. The refueling system will use liquid to act as a piston to compress natural gas. The effort is funded in part by a $3.4-million
Argentina state-owned energy company YPF and Dow Chemical have signed a memorandum of understanding jointly to develop shale gas in the Vaca Muerta. In December, YPF and Bridas, an Argentina-based oil and gas company 50% owned by China National Offshore OilCorporation, agreed to invest $1.5 Earlier post.).
Twelve of Canada’s oil sands producers have formed a new alliance, Canada’s Oil Sands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada’s oil sands through collaborative action and innovation. The released water is recovered and recycled.
Japan-based TOYO Engineering Corporation, through its Canadian subsidiary TOYO Engineering Canada Ltd., TOYO has performed major projects in the global oil and gas industry for more than 50 years and, with the EPC scope of work for the JACOS Hangingstone Project, TOYO will be advancing its business in the Canadian oil and gas sector.
Celanese Corporation, a global technology and specialty materials company, and Airborne Oil & Gas B.V., This multi-year alliance promises to further improve materials, systems and solutions that will meet the oil and gas industry requirements for harsh deepwater operations.
The President’s proposal sets aside $2 billion over 10 years and will support research into a range of technologies such as advanced electrified vehicles, biofuels, fuel cells, and domestically produced natural gas. Smith, Chairman, President, and CEO of FedEx Corporation; and General P.X. The ESLC is led by Co-Chairmen Frederick W.
Houston-based Biofuels Power Corporation ( BFLS ) has signed a letter of intent with ThyssenKrupp Industrial Solutions (Africa) (Pty) Ltd and Liberty GTL, Inc. to build a small-scale gas-to-liquid demonstration facility in Houston. BFLS originally intended to develop biofuel-fired power projects.
JOGMEC (Japan OilGas and Metals National Corporation); Cutbank Dawson Gas Resources Ltd. JOGMEC, CDGR and Encana will conduct integrated core analysis, geomechanical and seismic studies by using data from the CRP unconventional gas asset.
China Petroleum and Chemical Corporation (Sinopec) said that it had made significant breakthroughs in the exploration and development of shale gas in China, and is planning to develop the Fuling shale gas field into China’s first shale gas field with an annual production capacity of 10 billion cubic meters by 2017.
Kinder Morgan Energy Partners L.P.and Imperial Oil formed a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. Accessing new and existing markets is critical for our continued growth and responsible development of Canada’s oil sands.
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
China Petroleum & Chemical Corporation (Sinopec) officially launched China’s first methanol-to-hydrogen and hydrogen refueling service station in Dalian, China. Sinopec Fuel Oil Sales Co., Ltd has built two integrated fueling stations in Dalian's free trade area, with six more now under construction.
Toyo Engineering Corporation and?Irkutsk Irkutsk Oil Company (IOC), Japan Oil, Gas and Metals National Corporation (JOGMEC), and Itochu Corporation are partnering on a joint feasibility study of a blue ammonia value chain between eastern Siberia and Japan. C in ambient pressure or 8.5
The ECO-H System is a patent-pending Hybrid Power Management System for the oil and gas industry developed by ECO-H Technologies and distributed by Tesco Corporation. Saft delivered the battery in December 2013 and will continue working with distributors on systems opportunities in the coming years.
Canada’s Research & Development Corporation (RDC) and Statoil Canada Ltd. announced a collaborative investment in three new research and development projects to improve Arctic and harsh-environment offshore oil and gas operations in Newfoundland and Labrador and around the world. The total value of the projects is $3.9
Neste Oil Singapore Pte Ltd and National Oxygen Pte Ltd (NOX), one of the one of the largest industrial gas manufacturers in Singapore, have signed an agreement to install a carbon dioxide recovery and liquefaction plant at Neste Oil’s renewable diesel (NExBTL) refinery in Singapore.
The discovery of an additional 2-3 trillion cubic feet (Tcf) of natural gas in place in the Mronge-1 well brings the total of in-place volumes up to 17-20 Tcf in Block 2. (1 1 Tcf gas = 180 million barrels of oil equivalent.). The Mronge-1 well discovered gas at two separate levels.
liter, heavy-duty opposed-piston, three-cylinder diesel engine it developed in a project funded by the California Air Resources Board (CARB) and several partners ( earlier post ) has entered fleet service with WALMART Corporation in a Peterbilt 579 tractor. Achates Power announced that the 10.6-liter,
Shell will proceed with the first carbon capture and storage (CCS) project for an oil sands operation in Canada. billion Quest project will be built on behalf of the Athabasca Oil Sands Project joint venture owners (Shell, Chevron and Marathon Oil) and with support from the Governments of Canada and Alberta. Earlier post.).
Neste Oil—the world’s largest producer of renewable diesel—has launched the commercial production and sales of renewable naphtha for corporate customers; the company is one of the first to supply bio-naphtha on a commercial scale. vegetable oils) to green fuels (the core of the NExBTL process), Sotelo-Boyás et al.
One of the planned pilot projects, funded cooperatively by the DOE Office of Fossil Energy with industry cost share, combines the resources of the oil and gas industry with PNNL’s technology. Oil and gas extraction across the US and Canada pumps subsurface water to the surface as part of the extraction process.
TransCanada Corporation will hold a binding open season to obtain firm commitments from interested parties for a pipeline to transport crude oil from Western Canada to Eastern Canadian markets. The Energy East Pipeline could eliminate Canada’s reliance on higher priced crude oil currently being imported, TransCanada suggests.
Statoil reports another high-impact gas discovery offshore Tanzania; the discovery in the Piri prospect is Statoil’s and co-venturer ExxonMobil’s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. 1 Tcf = 180 million barrels of oil equivalent). 1 Tcf = 180 million barrels of oil equivalent).
an innovator in the field of enzyme-enabled carbon capture technology, announced that it has exceeded the second set of technical performance milestones for its oil sands project. Canada-based CO 2 Solutions Inc., CO 2 Solutions’ technology platform uses carbonic anhydrase to accelerate the capture of CO 2 with energy-efficient solvents.
China’s CNOOC Limited announced first production from the Rochelle gas-condensate field in the UK North Sea. At Rochelle field, Nexen UK has 41% interest, with other partners being Endeavour International Corporation (44%) and Premier Oil (15%). At Rochelle field, Nexen Petroleum U.K. Nexen UK has a 41.9%
GE and Chesapeake Energy Corporation have agreed to collaborate to develop infrastructure solutions that will help accelerate the adoption of natural gas as a transportation fuel. Key features include: The gas compression, storage, cooling, drying and controls are easy to ship and maintain due to its compact “In Box” design.
A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “ Road Map to a US Hydrogen Economy. ” Toyota; and Xcel Energy. The US is home to industrial sector leaders capable of scaling a hydrogen economy.
Canada-based Petrostar Petroleum Corporation has signed a Memorandum of Understanding (MOU) to form a joint venture with US-based Maverick Synfuels to facilitate the development and operation of GTL (gas-to-liquids technology) in the Canadian provinces of Alberta, British Columbia and Saskatchewan.
TransCanada Corporation is moving forward with the 1.1 The conclusion of the successful open season confirmed strong market support for a pipeline with approximately 900,000 bbl/d of firm, long-term contracts to transport crude oil from the oil sands area in Western Canada to Eastern Canadian refineries and export terminals.
Exxon Mobil Corporation added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Resource Base.
Exxon Mobil Corporation’s new The Outlook for Energy: A View to 2040 , released last week, projects that global energy demand in 2040 will be about 30% higher than it was in 2010 as population grows to 9 billion and global GDP doubles. Light duty vehicle fleet by type and average fuel efficiency. Source: ExxonMobil Outlook.
The International Consortium Sakhalin-1 includes members from four countries: The Project Operator is Exxon Neftegas Limited, an ExxonMobil Corporation (USA) subsidiary, which has a 30% stake in the Sakhalin-1 Project. ONGC Videsh Limited, India’s Oil and Natural GasCorporation has 20% interest.
the developer of a process for harvesting algae and cleaning up oil & gas water, announced that its second original equipment manufacturer’s (OEM) agreement will target oil service companies in the Canadian oil sands market. LH was an early private investor in Athabasca OilCorporation. OriginOil, Inc.,
China National Petroleum Corporation (CNPC) recently put its first hydrogen station in Beijing into operation. Based in China, it has oil and gas assets and interests in more than 30 countries in Africa, Central Asia-Russia, America, the Middle East, Asia-Pacific, and other regions.
Apache Corporation has confirmed the discovery of a significant new resource play—the “Alpine High”—in the southern portion of the Delaware Basin, primarily in Reeves County, Texas. Apache also sees significant oil potential in the shallower Pennsylvanian, Bone Springs and Wolfcamp formations.
disclosed estimates of all greenhouse gas (GHG) emissions related to Honda including emissions from Honda’s global business operations and customer use of Honda motorcycles, automobiles and power products. emissions from combustion of fuel oil at factories, emissions from corporate vehicles, etc.). Honda Motor Co., Emissions. (t-CO
Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.
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