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
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. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030. Financials.
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. 2 Total SA.
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. According to CR’s experts, simpler powertrains in EVs and no need for oil changes are likely reasons for the lower costs.
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.
In this case—which reflects only current laws and regulations—renewable energy is the fastest-growing energy source through 2050, while petroleum remains the largest share of energy consumption throughout that period, followed by natural gas. Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022).
“Blue” hydrogen—produced through steam methane reforming (SMR) of natural gas or coal gasification, but with CO 2 capture and storage—is being described as having low or zero carbon emissions. For our default assumptions (3.5% Even if true though, the use of blue hydrogen appears difficult to justify on climate grounds.
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
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. quadrillion British thermal units. US NGPL production increased by 4% in 2021.
Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, today are collaborating to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology. SHI aims to be the first shipbuilder to deliver a large cargo ship for ocean operation powered by fuel cells running on natural gas.
million to establish new geothermal energy and heat production from abandoned oil and gas wells. This work also supports the creation of new clean energy jobs, helping transition some of the oil and gas workforce to the production of renewable energy. ICE Thermal Harvesting (Houston, TX). Transitional Energy (Aurora, CO).
This green energy corridor could help shore up energy security in the European Union, replacing the Russian natural gas that Europe used to import. The Black Sea is almost 1,200 kilometers long, and the proposed undersea power cable would need to run the length of it, making it the longest and deepest in the world.
of the methane encountered during oil production. of the methane in gas flares used by the oil and gas industry. During oil production, producers encountering pockets of methane typically use flare stacks to burn off the vented gas. The three-year, $2.9-million —Luis Gutierrez.
Jiangnan Shipyard, owned by China State Shipbuilding Corp (CSSC), has ordered an LPG (liquefied propane gas)-burning MAN B&W 6G60ME-LGIP engine in connection with the building of an 86,000-m 3 VLGC (Very Large Gas Carrier) for Tianjin Southwest Maritime (TSM), the Chinese shipping company.
As part of a strategy to continue providing low-emissions solutions for harsh offshore operating environments, Siemens has opened a fully robotized and digitalized plant in Norway that will develop and manufacture energy storage technologies for both marine and offshore oil and gas applications. Copyright: Neil Robertson.
At this year’s demopark open-air exhibition, Mercedes-Benz is presenting a prototype of the Unimog based on the U 430 with hydrogen-powered combustion engine as part of the publicly funded “WaVe” project. Here, gas is compressed or expanded by a change in oil volume, which creates a resilient effect.
California’s South Coast Air Quality Management District’s (South Coast AQMD) Clean Fuel Funds and Southern California Gas Company (SoCalGas) have awarded a combined $600,000 ($300,000 each) to Landi Renzo USA for Landi Renzo’s 7.3L Near-Zero natural gas engine development program, which covers Class 4-7 vehicles. The new Ford 7.3-liter
Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018. —Spencer Welch.
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. The high-power variant is also used in the lower performance levels for the construction applications of the Arocs.
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. ” Analytical support was provided by McKinsey and scientific observations and technical input was provided by the Electric Power Research Institute.
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.
While hydrogen is expected to play a critical role in reducing greenhouse gas emissions, at standard conditions, it is a flammable gas with low density and cannot be transported efficiently in a gaseous form. Honeywell UOP’s LOHC solution utilizes existing refining assets and infrastructure to create and transport the carrier.
Achates Power announced that the 10.6-liter, The Achates Power ultra-low-NOx engine is engineered to achieve superior fuel efficiency because of its lower heat losses, improved combustion and reduced pumping losses. Achates Power is backed by the Oil and Gas Climate Investments, Saudi Aramco Energy Ventures, and other investors.
The California Air Resources Board last week approved the final proposed 2022 Scoping Plan ( earlier post ), a roadmap to reduce demand for petroleum by 94%, cut air pollution by 71%, reduce greenhouse gas emissions 85%, and reach carbon neutrality by 2045. Fuels: the energy source used to power vehicles and the facilities that produce them.
NIO and Sinopec unveiled the NIO Power Swap Station 2.0 This is NIO’s inaugural second-generation battery swap station and also the first under the NIO-Sinopec partnership, representing the rollout of NIO Power Swap Station 2.0. As a smart battery swap system enabled by software-defined cloud computing, NIO Power Swap Station 2.0
The CMA CGM Group, a world leader in shipping and logistics, is joining forces with Energy Observer , the first hydrogen-powered vessel to embark on a round-the-world voyage. It aims to experiment, test and develop energy solutions based on hydrogen, solar, tidal and wind power. Earlier post.).
Dominion Energy announced a significant expansion of the company's greenhouse gas emissions-reduction goals, establishing a new commitment to achieve net zero emissions by 2050. The goal covers carbon dioxide and methane emissions, the dominant greenhouse gases, from both electricity generation and gas infrastructure operations.
In 2020, total consumption of fossil fuels in the United States, including petroleum, natural gas, and coal, fell to 72.9 Petroleum products, including motor gasoline, distillate fuel oil (diesel), and hydrocarbon gas liquids (HGLs), accounted for 44% of US fossil fuel consumption in 2020.
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 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.
Over the past decade, Neste has transformed itself from a regional oil refining company into a global leader in renewable and circular solutions through breakthrough innovation. One of these fields of innovation is Power-to-X. The key technology in the Power-to-X platform is electrolysis.
The US Environmental Protection Agency (EPA) has proposed new CO 2 standards for coal and natural gas-fired power plants. Through 2042, EPA estimates the net climate and health benefits of the standards on new gas and existing coal-fired power plants are up to $85 billion.
After the first two LNG car carriers entered service in 2020, Volkswagen Group Logistics has now ordered four more ships with dual-fuel engines that can be powered with LNG. Soon, six of the nine car carriers crossing the North Atlantic for Volkswagen will be powered by LNG. Each year, the Volkswagen Group ships 2.8
However, the emissions of electric vehicles depend greatly on the energy source used to generate the electricity that powers them. These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions. Natural gas 87.9
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. Ammonia is expected as fuel for power plants which require huge amount of energy.
The Westinghouse-pioneered advanced passive safety system automatically achieves safe shutdown without operator action and eliminates the need for backup power and cooling supply. This brings licensing advantages and substantially reduces delivery risk for customers in the utility, oil & gas and industrial space.
The Diamond Green Diesel facility converts inedible oils and other waste fats into a high-quality renewable diesel fuel. The Diamond Green Diesel facility converts inedible oils and other waste feedstocks into Honeywell Green Diesel, a high-quality fuel that is chemically identical to petroleum-based diesel. Ecofining unit.
Oil, gas and coal workers have all known for more than a dozen years that their work was helping to destroy people’s health and well being. So the justice I want to see is first, second and third for the victims in the sacrifice zones created by the oil, gas and coal companies. None of them are innocent bystanders.
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.
INNIO Waukesha Gas Engines has been selected to receive more than $2.2 The program aims to reduce emissions in the oil, gas, and coal industries and promote innovation and manufacturing of new technologies to achieve climate goals. The new technology aims to meet the REMEDY goal of 99.5% Methane destruction.
Nacero has licensed Topsoe TIGAS (Topsoe Improved Gasoline Synthesis) technology for its multi-billion USD natural-gas-to-gasoline facility in Penwell, Texas to produce 100,000 barrels per day of gasoline component ready for blending into US commercial grades. The captured CO 2 will be used for enhanced oil recovery.
Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The Hydrogen Roadmap, designed by the Spanish Government with a €8.9
The US Energy Information Administration (EIA) forecasts that US oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. EIA also expects OPEC to increase its crude oil production to 28.9 million barrels per day in 2021. increase from 2020.
In cooperation with a major European supplier, a new oil-lubricated common-rail pump had therefore been developed. An electrically driven compressor for precise exhaust gas recirculation is also used. This is done via exhaust gas recirculation (EGR). —Patrik Soltic. The first results are very promising.
The new manufacturing facility will produce low- and zero-lifecycle carbon footprint gasoline blendstock made from natural gas and renewable natural gas. Nacero Blue Gasoline is made from natural gas using renewable power and carbon capture. Nacero Green Gasoline is made from renewable natural gas and captured flare gas.
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