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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. C carbon budget.

Oil 370
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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. Use of the alternate routes would increase the cost of transportation.

Oil 297
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Ammonia power company Amogy launches operations in Norway

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a developer of energy-dense ammonia power solutions, opened its Norway operations with the hiring of Christian W. Berg, Managing Director, Amogy Norway. Norway is already developing ammonia refueling stations (bunkering locations) for ships. Amogy Inc.,

Norway 199
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Statoil and partners choose development concept for Skrugard in the Barents Sea; Northern Norway as country’s next big petroleum region

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400-600 million barrels of recoverable oil have been proven in this area. The concept includes a floating production unit with a pipeline to shore and a terminal for oil from the Skrugard field at Veidnes outside Honningsvåg in Finnmark. —Øystein Michelsen, executive vice president for Development and Production Norway (DPN).

Norway 225
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$2.2M Project to Advance Bio-Oil As Basis for Renewable Chemicals, Fuels and Energy

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million), two-year project aimed at developing technology for producing and fractionating bio-oil components as a basis for a biorefinery producing green chemicals, transportation fuels and energy. Aston University’s (UK) Bioenergy Research Group (BERG) is involved in a £1.4-million million (US$2.2

Oil 186
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ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

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A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Click to enlarge. the ICCT team concluded.

Oil 283
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Norways Statoil to acquire Brigham Exploration for US$4.4B cash; entry into the US Bakken and Three Forks tight oil plays

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The Bakken is a prime US unconventional oil play, and is believed to be one of the largest, if not the largest, oil accumulation in the US. The tight oil is extracted in the same way as shale gas, through horizontal wells and hydraulic fracturing. In the Bakken formation, the oil is extracted from tight carbonate.

Oil 199