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Canadian researchers have developed a large-scale economical method to extract hydrogen from oil sands (natural bitumen) and oil fields. The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. Proton Technologies is commercializing the process.
A new report by EY finds that 64% of multibillion-dollar, technically and operationally demanding oil & gas megaprojects continue to exceed budgets, with 73% missing project schedule deadlines. On average, current project estimated completion costs were 59% above the initial estimate. Source: EY Megaprojects oil and gas report.
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.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. The concept is the same embodied in Audi’s e-gas project ( earlier post ), to which the VGV proposal makes continued reference.
Cumulative natural gas vehicles in use by segment, world markets: 2013-2020. In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 The differential in the cost of the fuels determines the payback on this additional equipment (currently between 2.5
A new analysis by Consumer Reports finds that owners of plug-in electric vehicles are spending half as much on maintenance and repair as the owners of similar gas-powered vehicles. Average maintenance/repair costs over vehicle lifetime. The full white paper will be published in the coming weeks.
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 Earlier post.).
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.
Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. Use of the alternate routes would increase the cost of transportation.
Researchers from Carnegie Mellon University and the University of Pittsburgh have found that the air pollution and greenhouse gascosts of shipping crude by rail are nearly twice as large as those for oil pipelines. Air pollution and greenhouse gas damages for transportation by railroad and pipelines to the gulf coast.
The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks.
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. Mobility and oil. Source: IEA.
Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.
Gold Hydrogen is a novel source of carbon neutral hydrogen produced from depleted oil reservoirs that are ready for plug and abandonment, extending the life of wells that would otherwise be a significant burden. Cemvita Factory’s mission is to reimagine heavy industries such as oil & gas and mining for the net-zero economy.
Production costs per barrel of oil equivalent. The cost of electrofuels—fuels produced by catalyst-based systems for light capture, water electrolysis, and catalytic conversion of carbon dioxide and hydrogen to liquid fuels—remains far away from viable, according to a new analysis by Lux Research. Click to enlarge.
An upgrade from the previous fueling station offering oil, gas, hydrogen, electric charging services, the integrated complex can produce 1,000 kilograms of hydrogen a day, with a purity of 99.999%. Sinopec’s solution has tackled the bottlenecks of low transport capacities, high costs and long loading times.
For example, the geometry of the piston recess, the injection nozzle design and the parameters of the cylinder head relevant for gas exchange were subject to an extensive optimization process. Reduced friction losses and pressure control with low-viscosity oil. Newly-developed exhaust gas aftertreatment system.
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. However, the cost of conventional CCS technologies is prohibitive to broad commercial deployment. Canada-based CO 2 Solutions Inc., Carley, Geert F.
The price disparity between crude oil and other resources, coupled with the emergence of cheap and abundant shale gas, especially in the United States, is opening up opportunities to produce cheaper gasoline, according to a new report from Lux Research. Among their findings: Methanol-to-gasoline is the cheapest option.
has purchased 35 Class 8 Volvo trucks that operate on compressed natural gas (CNG). To power the new trucks, Trillium CNG, a provider of compressed natural gas fueling solutions, built and will operate a fast-fill CNG station at SUPERVALU’s Mechanicsville distribution center. SUPERVALU INC.
The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry. —John Boden of SPE
Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Maybe even decline. ”.
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 latest crash in oil prices once again raises this prospect. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells. oil production aloft at a time when low prices are starting to curtail drilling activity.
The technical areas of interest are: The Energy Department will fund up to ten feasibility studies and/or applied research and development projects to advance technologies that could lower the cost of geothermal energy production while diversifying and stabilizing the supply of rare earth elements. Earlier post.).
The US EPA will begin developing regulations for methane emissions from existing oil and gas sources—e.g., oil and gas wells. The agency announced plans to cut methane emissions from new oil and gas wells last year. Earlier post.). EPA has already tacken actions to limit methane emissions.
In a new report , Navigant Research forecasts that light-duty natural gas vehicle (LD NGV) sales will grow 119% between 2014 and 2024, culminating in 42.1 Forecasts Natural Gas' Cumulative light-duty NGV sales by segment. Source: Navigant. Click to enlarge. million NGVs on the world’s roads and accounting for 2.8%
The US oil and gas sector was responsible for $77 billion in total health impacts in 2016, according to a newly released study. more… The post The annual US health cost of oil and gas production is $77B – here’s how we fix that appeared first on Electrek.
The US Environmental Protection Agency (EPA) released its latest set of proposed standards to reduce emissions of methane and volatile organic compounds (VOCs) from the oil and natural gas industry. The proposal also includes incentives to spur the oil and gas industry to minimize leaks.
Engineers at the University of Pittsburgh Swanson School of Engineering are using membrane distillation technology to enable drillers to filter and reuse the produced water in the oil and gas industry, in agriculture, and other beneficial uses. Shamlou, Elmira & Vidic, Radisav & Khanna, Vikas. Desalination. doi: 10.1016/j.desal.2021.115513.
ExxonMobil projects that meeting future energy demand will be supported by more efficient energy-saving practices and technologies; increased use of less-carbon-intensive fuels such as natural gas, nuclear and renewables; as well as the continued development of technology advances to develop new energy sources. —“Outlook for Energy”.
Based on the interim results of a new study, MIT researchers are warning smaller nations to proceed with caution in pursuing the development of their natural gas resources. The interim report analyzed the economics of natural gas project development options in Cyprus with a focus on exports. —Sergey Paltsev. Click to enlarge.
After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.
t margin for oil refiners. Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased. When we control for the energy costs of refining using oil and natural gas prices, the estimated effect is $0.13
For the first eleven months of 2013, natural gas consumption in the electric power sector was below 2012 levels because of relatively higher natural gas prices compared with coal prices, and cooler summer weather compared with 2012, according to the US Energy Information Administration (EIA).
Bioscience engineers at KU Leuven have created a solar panel that produces hydrogen gas from moisture in the air. If that electric power is used to split the water into hydrogen gas and oxygen, you lose a lot of energy. m² that converts 15% of the sunlight straight into hydrogen gas. It is not connected to the gas grid.
With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.
Oil and gas operations in the United States produce about 21 billion barrels of wastewater per year, with accompanying disposal costs of about $5 billion per year. Fracking refers to the process of injecting a slurry of water, sand and chemicals into wells to increase the amount of oil and natural gas produced by the well.
The US Environmental Protection Agency (EPA) and the US Department of Transportation (DOT) formally unveiled their joint proposal to set stronger fuel economy and greenhouse gas pollution standards for Model Year 2017-2025 passenger cars and light trucks. mpg US (5.87 L/100km) in model year 2021, and 49.6 L/100km) in model year 2025.
The higher density of pyrolysis oil compared to baled biomass reduces the transport cost to a central ATR plant; it also opens the possibility of pipeline transport, the authors note. Tropsch (FT) synthesis of the syngas into diesel fuel. Credit: ACS, Manganaro and Lawal. Click to enlarge.
Cool Planet Energy Systems projects that using its patented mechanical process and novel scaling approach ( earlier post ), it will be able to produce high-octane carbon-negative (with the use of its bio-char byproduct) renewable gasoline at a cost of $1.50 per gallon, without the need for government subsidies.
One method of producing biofuels is through the pyrolysis of biomass to bio-oils and successive refinery of bio-oils, and this process has been identified as the most cost-effective approach. The key issue in the bio-oil upgrading is to efficiently reduce their high oxygen content (?20?40 Ayman, Alyssa J.
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.
The renewable hydrogen, when produced in this manner, can fuel cars, power resilient AlwaysON Microgrids, or be injected into natural gas pipelines to reduce carbon emissions. SK Group is the leading oil and gas provider in South Korea with 3,400 gas stations. million hydrogen cars by 2040.
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