Green Car Congress

OCTOBER 16, 2013

an indirectly non wholly-owned subsidiary of Wison Engineering Services, was awarded a procurement and construction (PC) contract by Venezuela’s PDVSA Petroleo, S.A.for the site preparation for the Puerto la Cruz oil refinery Deep Conversion Project. Wison Engineering Ltd., Earlier post.) —Asdrúbal Chávez J.,

Venezuela 199

Venezuela Chinese America Companies 199

Green Car Congress

MARCH 8, 2014

Petroleos de Venezuela, S.A. We are working passionately to continue to develop the resources of the Orinoco Oil Belt, the world’s largest heavy crude oil reserves, which have been certified at 297 billion barrels. The new projects include Petromacareo, Petrourica, Petrojunin, Petromiranda, Petrocarabobo and Petroindependencia.

Oil 246

Oil Venezuela Production Congress 246

Green Car Congress

JULY 1, 2013

Technip was awarded a “significant” contract to supply its proprietary technology as well as engineering and procurement services for two hydrogen reformers in Venezuela. The bulk of Venezuela’s oil reserves in the Orinoco Oil Belt is formed by heavy and extra heavy crude oil.

Venezuela 170

Venezuela Hydrogen Oil Conversion 170

Green Car Congress

MARCH 17, 2013

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. Deepwater Angola. Eni is operator of Block 15/06 with 35%.

Angola 218

Angola Venezuela Oil Oil-Sands 218

Green Car Congress

JUNE 4, 2013

Venezuela’s PDVSA signed a $4.0-billion, billion, 8-year loan agreement with China Development Bank (CDB) for boosting production at the Sinovensa heavy oil joint venture in the Orinoco belt from 140,000 barrels per day to 330,000 barrels per day by 2016. Venezuela will also receive two other loans from China: one for $1.5

Venezuela 186

Venezuela Oil China Production 186

Green Car Congress

NOVEMBER 16, 2015

State-owned oil companies are retaining their dominant position in the world petroleum industry according to Energy Intelligence ’s annual ranking of the world’s top 50 oil and gas companies, which was published today in Petroleum Intelligence Weekly (PIW). The Top 50 companies produce 75% of global oil output. ExxonMobil, US.

Oil 150

Oil Saudi Arabia Companies Venezuela 150

Green Car Congress

SEPTEMBER 18, 2013

China National Petroleum Corporation (CNPC) and Venezuela’s PDVSA (Petróleos de Venezuela SA) will invest about $14 billion to develop the Junin 10 block in the Orinoco extra heavy oil belt in Venezuela, according to a tweet sent out by Rafael Ramirez, the Venezuelan petroleum minister. degrees API.

Venezuela 199

Venezuela Oil 2007 2013 199

Green Car Congress

MARCH 28, 2012

The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration.

Saudi Arabia 220

Saudi Arabia Canada 2011 Venezuela 220

Green Car Congress

OCTOBER 18, 2009

Italian oil major Eni made a world class gas discovery at its Perla field, in the shallow water of the Venezuelan offshore, successfully drilling an explorative well in the Perla field, located in the Cardon IV block, in the Gulf of Venezuela. The Venezuelan state company Petróleos de Venezuela S.A. interest in the project.

Venezuela 150

Venezuela Gas Oil Water 150

Green Car Congress

FEBRUARY 25, 2016

But these are just the costs of lifting oil out of the ground. State-owned oil companies often have many more responsibilities than just producing oil. It’s hard to measure costs when this oil has to pay for all the luxuries of the Saudi royal family. Venezuela is already on its knees. Right now, they can’t.

Saudi Arabia 150

Saudi Arabia Oil Oil-Sands Iraq 150

Green Car Congress

AUGUST 12, 2015

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. This could eventually result in refiners cutting their crude oil imports.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

NOVEMBER 20, 2016

One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer.

Saudi Arabia 150

Saudi Arabia Oil Russia Oil Prices 150

Green Car Congress

JANUARY 7, 2018

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. billion recoverable oil-equivalent barrels. Wood Mackenzie currently expects around 350,000-400,000 b/d of oil production (just oil, not factoring in natural gas) by 2026 from there.

Guyana 150

Guyana Oil South America Suriname 150

Green Car Congress

NOVEMBER 15, 2012

Average values for WTW GHG emissions for oil sands and other crudes, tight boundary. 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.

Oil-Sands 388

Oil-Sands Oil Emissions United States 388

Green Car Congress

JULY 24, 2012

The Venezuelan national petroleum company Petróleos de Venezuela, S.A. According to Oil and Gas Journal (OGJ), Venezuela had 211 billion barrels of proven oil reserves in 2011, the second largest the world. Heavy crude oil processing units to be placed at El Palito Refinery include: Atmospheric Distillation.

Venezuela 225

Venezuela Oil Japan Engine 225

Green Car Congress

OCTOBER 11, 2013

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

Venezuela Oil Corporation Gas 231

Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

Oil 150

Oil 2016 Oil-Sands Global 150

Green Car Congress

DECEMBER 11, 2013

The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 Global oil supplies increased by 310 kb/d in November to 92.3 Global demand is now seen advancing by 1.2 mb/d in both 2013 and 2014, to reach 92.4

United Arab Emirates 220

United Arab Emirates 2014 Oil Supplies 220

Green Car Congress

JANUARY 1, 2010

Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. Junin 5 is located in the Orinoco Oil Belt, specifically between Guarico and Anzoategui states.

Venezuela 186

Venezuela Oil Oil-Sands 2009 186

Green Car Congress

NOVEMBER 27, 2013

miles) long and consists of two lines, one 8" in diameter that will transport diluting agent to the field, and another 12" in diameter that will transport diluted heavy oil to the nearby processing facilities of PDVSA. Eni has been present in Venezuela since 1998. billion barrels of oil equivalent). The pipeline is 25 km (15.5

Venezuela 210

Venezuela Oil Gas Transportation 210

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

JULY 3, 2013

Rosneft’s President and Chairman of the Management Board Igor Sechin and Venezuelan Oil Minister and PDVSA President Rafael Ramirez, in the presence of the President Vladimir Putin, signed a cooperation agreement for implementation of offshore projects in Venezuela. Total reserves are estimated at 21 trillion cubic feet.

Venezuela 170

Venezuela Gas Russia Oil 170

Green Car Congress

APRIL 17, 2010

The Government of Canada has established a Heavy Oil Working Group. Comprising countries such as Canada, Brazil, Colombia, Mexico, the United States and Venezuela, the Heavy Oil Working Group will collaborate on clean energy research to reduce the impact of fossil fuel development. Minister Paradis.

Canada 170

Canada Oil Oil-Sands Cleaner 170

Green Car Congress

MARCH 26, 2014

In September 2013, China’s net imports of petroleum and other liquids exceeded those of the United States on a monthly basis, making it the largest net importer of crude oil and other liquids in the world, according to figures from the US Energy Information Administration (EIA). million barrels per day, primarily from tight oil plays.

United Arab Emirates 261

United Arab Emirates Sudan Saudi Arabia China 261

Green Car Congress

NOVEMBER 2, 2020

Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. According to Sentyurin, around 80% of the natural gas production by mid-century will stem from new projects, highlighting the importance of continued investment in upstream. —Secretary General Sentyurin.

Turkmenistan 170

Turkmenistan Equatorial Guinea United Arab Emirates Gas 170

Green Car Congress

DECEMBER 9, 2011

Rosneft, the leader of Russia’s petroleum industry and majority owned (75.6%) by the state, and PDVSA, Venezuela’s state-owned oil and gas company, have signed a tentative memorandum of understanding (MoU) to set up a joint venture to develop heavy crude oil reserves in Venezuela as part of the Carabobo-2 project.

Venezuela 170

Venezuela Oil Commercial 2015 170

Green Car Congress

SEPTEMBER 19, 2013

an indirect, wholly-owned subsidiary of Petróleos de Venezuela, S.A. PDVSA), the national oil company of the Bolivarian Republic of Venezuela. EPA further alleged that CITGO failed to sample and test reformulated gasoline blendstock at its Lemont refinery, as required by the CAA. CITGO is owned by PDV America, Inc.,

Pollution 186

Pollution Venezuela Houston EPA 186

Green Car Congress

NOVEMBER 28, 2012

US imports of Canadian crude oil rose to record levels during the first eight months of 2012, with Canada accounting for a growing share of total gross US imports, according to the US Energy Information Administration (EIA). Canada is the largest supplier of foreign oil to the United States, followed by Saudi Arabia, Mexico, and Venezuela.

Canada 225

Canada Saudi Arabia Oil-Sands 2012 225

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Venezuela, an OPEC member, has even proposed an emergency summit meeting. per barrel oil in 2015 and 2016 respectively, while the October projections are based $51.62 and $65.65 respectively.

Russia 150

Russia Oil Saudi Arabia Market 150

Green Car Congress

NOVEMBER 19, 2014

liter EcoBoost employs an active oil control system to optimize pressure when less fluid is needed. Ford Explorer is built in North America at Chicago Assembly Plant, as well as in Venezuela and now, Russia. An active wastegate controls boost more precisely during light load operation to help save fuel.

Fuel Economy 255

Fuel Economy 2016 Economy Ford 255

Green Car Congress

MAY 23, 2016

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels.

Saudi Arabia 150

Saudi Arabia Iran Store Oil 150

Green Car Congress

JULY 28, 2015

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world. By offering almost 2.8

Saudi Arabia 150

Saudi Arabia Price Oil India 150

Green Car Congress

JULY 11, 2016

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 Venezuela acted as a check on the overall level though, as the crisis-hit country’s production continues to hit fresh lows. million b/d.

Saudi Arabia 150

Saudi Arabia 2008 Iran Nigeria 150

Green Car Congress

MAY 8, 2011

This follows the completion of the deal announced last October in which BP’s existing partner, PdVSA of Venezuela, agreed to sell its 50% interest in the joint venture to Rosneft. In addition to these refineries, ROG owns DHC Solvent Chemie, one of Europe’s leading manufacturers of solvents and other speciality products from oil.

Venezuela 186

Venezuela 2002 Germany Oil 186

Green Car Congress

SEPTEMBER 29, 2012

Russian oil and gas major Rosneft, 75% owned by the government, will invest $16 billion in a planned joint venture project with Venezuela’s state oil and gas company PDVSA to develop the Carabobo 2 block in the southern Orinoco extra-heavy crude belt in Venezuela, according to Rosneft CEO Igor Sechin. oil sands).

Venezuela 257

Venezuela Oil Oil-Sands Gas-Electric 257

Green Car Congress

JANUARY 26, 2011

Hovensa LLC, a joint venture between subsidiaries of Hess Corporation and Petroleos de Venezuela, S.A., Hovensa is one of the 10 largest refineries in the world and has the capacity to refine more than 525,000 barrels of crude oil per day. Hovensa LLC became the owner and operator of the former Hess Oil Virgin Islands Corp.

Virgin Islands 199

Virgin Islands Cleaning Clean Pollution 199