This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oilproduction in the United States will average 12.4 In 2022, US crude oilproduction averaged an estimated 11.9 In 2022, US crude oilproduction averaged an estimated 11.9
Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. OMV’s plan foresees emission reduction targets of 30% in operations (Scope 1 & 2) and a 20% reduction target in the product portfolio (Scope 3) for 2030.
US crude oilproduction averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The 2020 decrease in production was the largest annual decline in the EIA’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020.
bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d) and non-OPEC (-2.3
The US Energy Information Administration (EIA) expects US crude oilproduction to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oilproduction to average 12.8 —EIA Administrator Joe DeCarolis EIA also forecasts global liquid fuels production will increase by 1.4
Liquid intermediates from pyrolysis and hydrothermal liquefaction (HTL) can be co-processed in an oil refinery along with conventional crude oil. After pyrolysis, the vapors are condensed to give a dark brown fast pyrolysis bio-oil (FPBO). In fast pyrolysis, biomass is quickly heated to around 500 °C in the absence of oxygen.
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.
The US Energy Information Administration (EIA) forecasts that US crude oilproduction will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 Solar and wind are the only energy sources that will increase their share of US electricity generation this summer.
The pilot will support E3 Lithium’s Clearwater project, which will draw lithium from under the Leduc oil field, Imperial’s historic discovery that first launched major oil and gas development in Western Canada. This produces a very clean product for the development of high-purity battery-grade lithium compounds.
The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 US crude oilproduction then fell to 9.7
After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 Of the total US fossil fuel production in 2021, dry natural gas accounted for 46%, the largest share. In 2020, US coal production had fallen to its lowest level since 1964.
Cemvita defines Gold Hydrogen as the biological production of hydrogen in the subsurface through the consumption of trapped or abandoned resources. The hydrogen production in this trial exceeded our expectations. Green hydrogen production, however, is energy intensive and expensive. It is growing at a CAGR of 54.7%
In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). million barrels of sweet and 200,000 barrels of sour crude oil. Background.
Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51
Louisiana Governor John Bel Edwards and Air Products Chairman, President, and CEO Seifi Ghasemi announced a $4.5-billion billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition. It represents Air Products’ largest investment in the US.
When processing petroleum, refineries can produce products in varying amounts to meet regional demands. The International Energy Agency’s Monthly Oil Statistics shows that there are differences in refinery output throughout the world. Source: International Energy Agency, Monthly Oil Statistics, February 2020, Paris, France.,
Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel. Under the terms of the agreement, Energy Vault agreed to provide 1.6
Global oil consumption outpaced oilproduction for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from global oil inventories and significant increases in crude oil prices.
China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). Energy Information Administration, based on data from China General Administration of Customs, as compiled by Bloomberg, L.P.
Italy-based integrated energy company Eni is launching the production of alternative sustainable aviation fuel (SAF). Eni is planning on significant increases in its HVO production, and very strong growth in biojet. (“HVO: HVO: Demand Outlook”). Eni plans to double its current bio-refining capacity of 1.1
With tuning, the catalyst can achieve a selectivity of 80% toward motor oil (C 21 –C 45 ). As an indication of the industrial interest in this field, Neste and and Ravago recently announced plans to set up a joint venture to focus on chemical recycling of mixed waste plastic using a thermochemical liquefaction technology from Alterra Energy.
As of May 2022, surplus crude oilproduction capacity in non-OPEC countries decreased by 80% compared with 2021, according to the US Energy Information Administration’s (EIA) new report Global Surplus Crude OilProduction Capacity. In 2021, 1.4
Chemical recycling has great potential for this: If plastic components can be produced from pyrolysis oil instead of petroleum, it would be possible to significantly increase the proportion of sustainably manufactured components in automobiles. Rebekka Volk at the Institute for Industrial Production (IIP).
The agreement provides for the establishment of a working group to achieve shared energy objectives and the implementation of specific projects. West-Central Coastal Province, West Africa. —Equatorial Guinea’s Minister Gabriel Mbaga Obiang Lima. —DRC Minister Didier Budimbu Ntubuanga.
The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. Renewable energy is the only source that increases its share of electricity generation in 2023 in our forecasts,” DeCarolis said.
HydroWing, in partnership with Tocardo, introduced the THyPSO (Tidal Hydrogen production, Storage and Offtake), a concept that creates green hydrogen from the sea, contributing to the wider global decarbonization of energy systems. THyPSO has capacity to hold up to two weeks’ worth of hydrogen production in pressurized storage tanks.
In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020, according to the US Energy Information Administration (EIA). million b/d. million b/d in 2023.
bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy, the other owner of the Sunrise project. In Canada, bp will no longer have interests in oil sands production and will shift its focus to future potential offshore growth. 650 water depth.
Westinghouse Electric Company and Bloom Energy Corporation have entered into a Letter of Intent to pursue clean hydrogen production in the commercial nuclear power market. Westinghouse and Bloom Energy will jointly develop an optimized and large-scale high-temperature integrated electrolysis solution for the nuclear industry.
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.
Global Clean Energy Holdings, Inc., Alon Bakersfield Refinery is an existing oil refinery located in Bakersfield, California. Alon Bakersfield Refinery is an existing oil refinery located in Bakersfield, California. Historically, the refinery has produced diesel from crude oil and has a capacity of 70,000 barrels per day.
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. and CoMo/Al2O3 as catalysts.
European Energy , a Danish developer and operator of green energy projects, has ordered a 50 MW electrolyzer from Siemens Energy for use in developing the first large-scale commercial e-Methanol production facility. Start of commercial methanol production is planned for second half of 2023.
bp has successfully started oilproduction at its Argos offshore platform, strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. bp now operates five production platforms in the deepwater Gulf of Mexico: Argos, Atlantis, Mad Dog, Na Kika and Thunder Horse. Earlier post.) working interest.
IBM announced that bp has joined the IBM Quantum Network to advance the use of quantum computing in the energy industry. Next-generation computing capabilities such as quantum computing will assist in solving the science and engineering challenges we will face, enabling us to reimagine energy and design new lower carbon products.
The Gold Hydrogen Program , a coalition of organizations seeking to support the scale of this clean energy resource, announced its launch and the debut of a pilot microbial Gold Hydrogen Process. a leader in clean energy solutions). Gold hydrogen has been cost-prohibitive to extract and not commercially viable up to now.
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.
Solid-oxide-fuel-cell manufacturer Bloom Energy is entering the commercial hydrogen market by introducing hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen. The Bloom Energy Servers are a proven market leader in clean, reliable, and resilient on-site power. million hydrogen cars by 2040.
Strong continuing international demand for petroleum and other liquids will sustain US production above 2022 levels through 2050, according to most of the cases in the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2023 (AEO2023).
In 2020, net petroleum imports (total imports minus exports) were negative for the first time since the US Energy Information Administration began tracking them—i.e., This includes crude oil and petroleum products. This also includes petroleum products supplied for non?combustion Net imports peaked in 2005 at 12.5
Topsoe and Steeper Energy , a developer of biomass conversion technologies, signed a global licensing agreement for a complete waste-to-fuel solution. The end-products include Sustainable Aviation Fuel (SAF), marine biofuel, and renewable diesel from waste biomass. Hydrofaction Oil is of higher quality than other biomass-derived oils.
This is part of a larger project that intends to rebuild the existing Synsat plant for the large-scale production of renewable fuels. To begin with, 5% rapeseed oil will be combined with the fossil raw material for a limited period. About two-thirds of the products are exported.
Bosch is now starting the production of new powertrain solutions based on 800-volt technology. Inverter with 800-volt technology goes into series production In recent years, 400-volt solutions have become widely established as the industry standard. In power electronics, moreover, 50% less energy is lost in the form of heat.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content