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ESP artificial lift company ZiLift secures £4M capital investment led by GE-NRG Energy-ConocoPhillips JV

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Oil and gas services company Schlumberger defines artificial lift as any system that adds energy to the fluid column in a wellbore with the objective of initiating and improving production from the well. heavylift is intended to produce heavy oil and sand reliably at high temperatures. Source: Schlumberger. Click to enlarge.

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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

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Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels. billion oil-equivalent barrels.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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Hybrids, which combine an internal combustion engine and an electric motor, are expected to account for about half of global new-car sales by 2040, as they become increasingly cost-competitive compared to conventional vehicles. China will see the largest increase—more than 4 million oil-equivalent barrels per day. Natural gas.

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DOE to Award Honeywells UOP $25M for Pyrolysis Oil to Renewable Fuels Demo Unit

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RTP rapidly heats biomass at ambient pressure to generate high yields of pourable, liquid pyrolysis oil. The pyrolysis oil—essentially a bio crude oil—will then be upgraded to green transport fuels using technology developed by UOP working with DOE, the DOE’s National Renewable Energy Lab and Pacific Northwest National Laboratory (PNNL).

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Study finds well-to-wheels GHG emissions of GTL diesel lower than that of petroleum diesel when co-product displacement is considered

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The study also highlights the potential for blending GTL diesel in refineries with heavy crudes that require severe hydrotreating, such as Venezuelan heavy crude oil or bitumen derived from Canadian oil sands and/or in jurisdictions with tight aromatic specifications for diesel, such as California. GTL Lubricant Base Oils.

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BMW M introduces its first high-performance car with electrified drive system: BMW XM PHEV

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The BMW XM is equipped with a plug-in hybrid system comprising a V8 gasoline engine and electric motor that delivers combined fuel consumption of 1.6 – 1.5 liter unit features a cross-bank exhaust manifold and an optimized oil separation process. BMW M GmbH is introducing its first high-performance car with an electrified drive system.

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Jeep introduces new Renegade small SUV; segment-first 9-speed transmission

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Jeep unveiled the new 2015 Jeep Renegade small SUV at the Geneva Motor Show. Both Jeep Active Drive and Active Drive Low 4x4 systems include the Jeep Selec-Terrain system, providing up to five modes (Auto, Snow, Sand and Mud modes, plus exclusive Rock mode on the Trailhawk model). 2015 Jeep Renegade. Click to enlarge.

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