Green Car Congress

APRIL 1, 2022

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. President George W.

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Oil Ukraine Libya Iraq 418

Green Car Congress

JULY 21, 2022

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

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Global China Kuwait Oman 448

Green Car Congress

SEPTEMBER 6, 2016

Shell has begun production from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe/d) when fully ramped up at the end of 2017. Once the weather event has passed, the vessel would return and resume production. miles) of water. miles) of water.

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Mexico Oil Gas Production 150

Green Car Congress

JANUARY 10, 2018

In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 million b/d in 2018—the highest annual average production in US history, surpassing the previous record of 9.6 US crude oil production averaged an estimated 9.3

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2018 2019 Oil 2017 207

Green Car Congress

AUGUST 14, 2021

The Port of Corpus Christi Authority (Port of Corpus Christi) and Howard Midstream Energy Partners, LLC (Howard/HEP) have executed a Memorandum of Understanding (MOU) stating their intention to convert Howard’s Javelina refinery services facility into the region’s first blue hydrogen production facility.

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San Antonio Hydrogen Convert Mexico 170

Green Car Congress

JULY 5, 2023

HF Sinclair selected Topsoe as a technology provider for the production of renewable fuels at three facilities: Sinclair, Wyoming; Cheyenne, Wyoming; and Artesia, New Mexico. Through its subsidiaries, it operates seven complex refineries with a total processing capacity of 678,000 barrels per day of crude oil.

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Renewable Diesel Wyoming New Mexico 195

Green Car Congress

JUNE 10, 2013

Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.

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Oil Algeria United States Argentina 281

Green Car Congress

APRIL 18, 2020

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

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2020 Commercial Global Production 191

Green Car Congress

MAY 18, 2017

Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement. oil production,” the consultancy noted.

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Oil Prices Oil 2017 Price 170

Green Car Congress

AUGUST 23, 2012

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. North America is expected to witness the highest capex globally, with $254.3

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Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6

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Oil Oil-Sands Price Production 261

Green Car Congress

JULY 23, 2012

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

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Oil-Sands Oil Canada Gas 325

Green Car Congress

DECEMBER 4, 2016

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Oil production is expected to begin in late 2021. Oil production is expected to begin in late 2021. In 2013, BP (operator, with 60.5% Earlier post.).

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Mexico Chevron Oil Oil Prices 150

Green Car Congress

JULY 16, 2017

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. Aramco’s Manifa is one of its biggest oilfields, with a targeted production capacity of around 900,000 bpd, to be brought onstream in two phases. by Cyril Widdershoven for Oilprice.com.

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Oil Libya Nigeria Qatar 186

Green Car Congress

AUGUST 18, 2021

Anglo-Australian BHP Group is merging its oil and gas business with Woodside Petroleum Ltd. Shenzi is a six-lease development in the deepwater Gulf of Mexico and is structured as a joint ownership: BHP (Operator, 72% interest) and Repsol S.A. (28% 28% interest). The project will deliver 4.35

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Future Trinidad Mexico Australia 221

Green Car Congress

MARCH 15, 2016

Shell and its joint venture announced the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil’s Campos Basin. The development is the first of its kind based fully on subsea oil and gas separation and subsea pumping.

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Brazil Water Nigeria Mexico 150

Green Car Congress

JUNE 30, 2016

As one of the outcomes of the “Three Amigos” meeting in Ottawa, Canada Prime Minister Justin Trudeau, US President Barack Obama, and Mexico President Enrique Peña Nieto committed to an “ambitious and enduring” North American Climate, Clean Energy, and Environment Partnership. 50% clean power target.

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Mexico Canada Standards Light 199

Green Car Congress

OCTOBER 22, 2014

A research team led by The University of Texas at Austin has been awarded approximately $58 million to analyze methane hydrate deposits under the Gulf of Mexico. Prior programs in Alaska have explored gas hydrate reservoir potential and alternative production strategies, and additional testing programs are in development.

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Mexico Austin Oil-Sands Mariner 294

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Oil Oil-Sands Saudi Arabia Oil Prices 150

The Truth About Cars

AUGUST 9, 2024

The Chinese government’s propping up of EV production and sales aims to help reduce air pollution and the country’s appetite for imported oil. As a result, China’s impact on global EV markets can’t be understated. Chinese brands don’t yet sell in the U.S., Chinese brands don’t yet sell in the U.S.,

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Acura Scrappage Concept SUV 104

The Truth About Cars

AUGUST 9, 2024

The Chinese government’s propping up of EV production and sales aims to help reduce air pollution and the country’s appetite for imported oil. As a result, China’s impact on global EV markets can’t be understated. Chinese brands don’t yet sell in the U.S., Chinese brands don’t yet sell in the U.S.,

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Chinese PHEV Gas Scrappage 104

Green Car Congress

NOVEMBER 18, 2015

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

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Saudi Arabia Oil Europe Russia 150

Green Car Congress

JUNE 23, 2011

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

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Chevron Oil Oil-Sands Production 244

Baua Electric

SEPTEMBER 25, 2024

Kenya aims to reduce its carbon emissions by 32% by 2030 and is also working to lower its reliance on oil imports, making EVs an integral part of its plans. As it expands the brand globally, BYD’s new 7,000-car carrier is about to hit the seas. It will be the second of seven to join its fleet as China’s EV leader goes global.

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Kenya BYD Dealers Toyota 52

Green Car Congress

DECEMBER 10, 2014

As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.

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Energy Global 2010 Oil-Sands 252

Green Car Congress

JANUARY 23, 2012

EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1

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Oil 2005 Production 2010 210

Green Car Congress

JANUARY 9, 2015

In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Global growth will mainly be driven by China, where Scotiabank expects auto demand to grow 7% in 2015 to 19.36 2015 forecast share by region.

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2015 Global Peru Auto 150

Green Car Congress

JUNE 17, 2015

Exxon Mobil has started production at its Kearl oil sands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6 Earlier post.).

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Oil-Sands Oil Angola Nigeria 150

Green Car Congress

MARCH 30, 2011

Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

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Obama Oil Gas-Electric Purchase 268

Green Car Congress

AUGUST 26, 2014

In its latest Monday note, energy research company Douglas-Westwood wrote that the Exploration & Production industry (E&P), experiencing rising global hydrocarbon demand as well as rising costs, is facing the technical challenge of the development of High Pressure – High Temperature (HPHT) reserves.

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Industrial Industry Oil Gas 231

Green Car Congress

JULY 15, 2021

These should be traveling the world’s oceans by the end of 2023, serving the North American route between Emden in Germany and Veracruz in Mexico. Volkswagen was one of the first car manufacturers to subscribe to the goals of the Paris Climate Agreement that aim to limit global warming to significantly less than two degrees by 2050.

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Emissions Mariner Climate Climate Protection 476

Green Car Congress

OCTOBER 19, 2015

The RFS regulations lists three critical components of an approved fuel pathway: (1) Fuel type; (2) feedstock; and (3) production process. EPA uses lifecycle analysis to assess the overall greenhouse gas (GHG) impacts of a fuel throughout each stage of its production and use.

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EPA Diesel Brazil Mexico 150

Green Car Congress

MAY 12, 2011

Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel. —John Kunasek.

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Oil Energy 2011 Wind 225

Green Car Congress

MARCH 17, 2012

An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to a modest increase in refinery CO 2 emissions (ranging between 5.4% to 9.3%) from a 2010 baseline, depending upon the supply scenario. gigatons/year.

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Oil-Sands Oil Emissions CO2 247

Green Car Congress

OCTOBER 5, 2017

Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.

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Brazil Oil Argentina Oil Prices 150

Green Car Congress

DECEMBER 14, 2009

The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO is a US producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States.

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Oil Fort Worth West Virginia Gas 186

Green Car Congress

FEBRUARY 3, 2015

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 North America continues to be an impetus to global light vehicle demand levels. Overall, the IHS forecast for light vehicle sales in Western Europe has only been fractionally upgraded for 2015 despite the benefits of $60 oil. million, an increase of 2.4%

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2015 Light Global Market 150