Remove Industry Remove Production Remove Venezuela
article thumbnail

Venezuela to supply up to 400,000 barrels of heavy crude oil per day to India

Green Car Congress

State-run oil company Petróleos de Venezuela, S.A. PDVSA) and India’s Reliance Industries Limited (RIL), last week signed two agreements to boost extra-heavy crude oil production in Venezuela’s Orinoco Oil Belt (FPO) and sell up to 400,000 barrels per day (bpd) to the country. million barrels of crude oil per day.

Venezuela 247
article thumbnail

Eni and PDVSA launch major heavy-oil projects in Orinoco Belt in Venezuela

Green Car Congress

Italy-based oil and gas major Eni and PDVSA (Petróleos de Venezuela), the state-owned oil and gas corporation of the Bolivarian Republic of Venezuela, signed contracts for the creation of two joint ventures (Empresas Mixtas, Mixed Enterprises). Daily production for Eni will be close to 100,000 barrels per day at full field development.

Venezuela 218
article thumbnail

Eni announces first production from the Junin-5 giant heavy oil field in Venezuela

Green Car Congress

PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has started production from the Junín-5 giant heavy oil field, located in the Faja del Orinoco—the area with the largest untapped hydrocarbon reserves in the world, according to Eni. Junin 5 block in the Orinoco. Source: Eni. Click to enlarge. Deepwater Angola.

Angola 218
article thumbnail

PDVSA signs agreements with India’s Reliance and OVL for work in Orinoco

Green Car Congress

The Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA), has signed agreements with two major Indian energy companies, Reliance and OVL, for work in Venezuela’s Orinoco heavy oil belt. Reliance Industries Limited (RIL) and PDVSA signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt.

Venezuela 231
article thumbnail

IHS CERA meta-analysis finds lifecycle GHG emissions for fuel produced solely from oil sands crude average 11% higher than from average crude refined in the US; high variability

Green Car Congress

When the oil sands products refined in the United States are considered—a mixture of oil sands and lower-carbon blending components—the GHG emissions are, on average, 9% higher than the average crude processed in the US. Average values for WTW GHG emissions for oil sands and other crudes, tight boundary. Source: IHS CERA.

Oil-Sands 388
article thumbnail

PDVSA and Eni inaugurate first heavy crude pipeline in Junin-5 in Orinoco belt

Green Car Congress

Eni has been present in Venezuela since 1998. Within the country, Eni participates in the development of heavy oil block Junin-5, located on the Orinoco oil belt, which holds 35 billion barrels of oil equivalent in place, and started production last March. The pipeline is 25 km (15.5 billion barrels of oil equivalent).

Venezuela 210
article thumbnail

Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry. OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues.