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Imperial Oil and E3 Lithium partner on lithium pilot project, redeveloping historic oil field

Green Car Congress

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 liquid is immediately returned underground as part of a closed-loop system.

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DOE to award up to $88M for oil and natural gas recovery research

Green Car Congress

The Department of Energy’s (DOE’s) Office of Fossil Energy announced up to $88 million in federal funding for cost-shared research and development projects enhancing technologies for oil and natural gas recovery under two separate funding opportunity announcements (FOAs). million barrels of oil per day (MMb/d)) to 56.5%

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Volkswagen fueling car carriers with fuel derived from used cooking oil; GoodFuels BFO

Green Car Congress

The fuel is produced from materials such as used oil from restaurants and the food industry. The first car freighter was refueled for the first time with this oil in mid-November 2020 and a second ship is due to follow at the beginning of 2021. This way, we reuse waste oil in an environmentally compatible way.

Oil 418
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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries.

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

Green Car Congress

Purchase and importation into Venezuela of goods or inputs related to the activities described in this general license, including diluents, condensates, petroleum, or natural gas products. from receiving profits from the oil sales by Chevron. Chevron also operates and holds a 60% interest in the Loran gas field offshore Venezuela.

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Production of renewable diesel restarted at the expanded part of Neste’s Singapore refinery after operational shutdown

Green Car Congress

The production line at the expanded part of the refinery was shut down in June for unexpected equipment repairs. The ramp-up of the production at the expanded part of the refinery continues and is planned to be completed by the end of the year. In the production of the fuel, crude oil is partly replaced with renewable raw materials.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day this year and 12.8

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