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. Source: Eni. Click to enlarge. Deepwater Angola.

Angola 218

Angola Venezuela Oil Oil-Sands 218

Green Car Congress

MARCH 8, 2014

Petroleos de Venezuela, S.A. Figuera said the new projects, being developed by PDVSA under several joint ventures with foreign partners, will allow an increase in production of 2.02 million barrels per day of heavy crude, ranging in gravity from 16 to 32 degrees API, by 2019.

Oil 246

Oil Venezuela Production Congress 246

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

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. billion barrels in 2010, due to the the inclusion of the massive reserves of extra-heavy oil in Venezuela’s Orinoco belt.

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

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

NOVEMBER 27, 2013

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

Venezuela Oil Gas Transportation 210

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. degree API crude to upgraded crude of 35.7

Venezuela 199

Venezuela Oil 2007 2013 199

Green Car Congress

OCTOBER 26, 2017

The ‘Fragile Five’ petrostates—Iran, Iraq, Libya, Nigeria and Venezuela—continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the United States has decertified the 2015 Iran nuclear deal,” U.S.

Oil Prices 170

Oil Prices Oil Libya Iraq 170

Green Car Congress

APRIL 10, 2015

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. Venezuela’s Woes. (Source: opec.org). All is not well for OPEC.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

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. Crude oil imports of 1.1

Saudi Arabia 220

Saudi Arabia Canada 2011 Venezuela 220

Green Car Congress

NOVEMBER 2, 2020

Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). It will see production rise across all regions of the world, with the exception of Europe, where it will decline by 70% by 2050.

Turkmenistan 170

Turkmenistan Equatorial Guinea United Arab Emirates Gas 170

Green Car Congress

MARCH 26, 2014

The rise in China’s net imports of petroleum and other liquids is driven by steady economic growth, with rapidly rising Chinese petroleum demand outpacing production growth. US total annual petroleum and other liquids production is expected to rise 31% between 2011 and 2014 to 13.3 Click to enlarge. million barrels per day in 2005.

United Arab Emirates 261

United Arab Emirates Sudan Saudi Arabia China 261

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. The initial phase, starting in 2014, is targeting the production of 75,000 barrels per day. The Orinoco Belt. Source: PFC. Click to enlarge.

Venezuela 186

Venezuela Oil Oil-Sands 2009 186

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

FEBRUARY 25, 2016

Production cost and breakeven figures that analysts enjoy bandying can trap you in bubble of black-and-white mathematics that is a few brush-strokes shy of a full picture. Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data.

Saudi Arabia 150

Saudi Arabia Oil Oil-Sands Iraq 150

Green Car Congress

NOVEMBER 28, 2012

Long a major onshore and offshore producer of conventional crude, the recent growth in Canada’s liquids production has been driven by bitumen and upgraded synthetic crude oil produced from the oil sands of Alberta. 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

NOVEMBER 15, 2012

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

Oil-Sands Oil Emissions United States 388

Green Car Congress

JUNE 22, 2010

GM South America includes GM’s existing sales and manufacturing operations in Brazil, Argentina, Colombia, Ecuador and Venezuela as well as sales activities in those countries and Bolivia, Chile, Paraguay, Peru and Uruguay. GM South America currently has 29,000 employees.

South America 186

South America America GM Paraguay 186

Green Car Congress

APRIL 27, 2017

It brings an additional cause of concern for global energy security at a time of heightened geopolitical risks in some major producer countries, such as Venezuela, the IEA said. There, investment rebounded sharply and output rose, on the back of production costs being reduced by 50% since 2014. In addition, 6.5

Oil 150

Oil 2016 Oil-Sands Global 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

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. There will always be a need for additional production.

Saudi Arabia 150

Saudi Arabia Iran Store Oil 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 If the situation persists, the case for a return to some kind of production cap may gain traction. million b/d in June in order to meet domestic demand.

Saudi Arabia 150

Saudi Arabia 2008 Iran Nigeria 150

Green Car Congress

JANUARY 7, 2018

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. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the Stabroek Block. Source: ExxonMobil.

Guyana 150

Guyana Oil South America Suriname 150

Green Car Congress

JULY 21, 2009

In addition, GM Daewoo provides market and brand-specific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela. million units, including CKD (completely knocked down) products. In 2008, GM Daewoo sold in Korea and exported more than 1.9

2011 150

2011 GM South Korea Hybrid 150

Green Car Congress

AUGUST 12, 2015

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. The Saudis have kept their production levels high since last year in order to drive other players (especially US shale drillers) out of business.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

MAY 10, 2017

The hydrogenation of carbon dioxide is a key step in the production of methanol; catalysts made from copper (Cu) and zinc oxide (ZnO) on alumina supports are often used. This research was supported by the DOE Office of Science.

Convert 170

Convert CO2 Venezuela Hydrogen 170

Green Car Congress

JULY 28, 2015

Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. It makes trade flows in products very different,” said Amrita Sen of Energy Aspects.

Saudi Arabia 150

Saudi Arabia Price Oil India 150

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. The Orinoco oil belt in Venezuela.

Venezuela 257

Venezuela Oil Oil-Sands Gas-Electric 257

Green Car Congress

JANUARY 19, 2012

Argentina and Venezuela will form a joint venture targeting production of 100,000 barrels of extra-heavy oil per day in the Junin field area of the Orinoco Oil Belt. Venezuela President Hugo Chavez said that oil cooperation between the two countries dates back to 2004, with the late Argentine President Nestor Kirchner.

Venezuela 210

Venezuela Argentina Oil Oil-Sands 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. A state-controlled entity can do whatever it wants including shutting in production to manipulate prices without fear of prosecution. production declines.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Green Car Congress

AUGUST 9, 2013

In the absence of the pipeline, alternate transportation routes would result in oilsands production growth being more or less unchanged, IHS CERA found. IHS currently expects oil sands production to grow from 1.9 mbd in 2030 and does not expect the Keystone XL decision to have a material impact on the production outlook.

Venezuela 275

Venezuela Oil-Sands Oil Canada 275

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. Current product flow at Kern River field. Data: California DOGGR.

Chevron 244

Chevron Oil Oil-Sands Production 244

Green Car Congress

JUNE 6, 2019

Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. The 10-year forecast expects two-fifths of the anticipated rise in oil sands production to 2030 will come from ramp-up of projects in construction or recently completed.

Oil-Sands 170

Oil-Sands Oil Venezuela Production 170

EV Info

SEPTEMBER 23, 2021

Ministers decided they would rather throw hundreds of Northern workers out of a job, turn down hundreds of millions of pounds of investment and rely instead – for the five million tonnes of coal per year gap that we still need for industry – on energy imports from those famously reliable partners, Russia and Venezuela. Source: Daily Mail.

Powered 52

Powered Power Wind Coal 52

Green Car Congress

OCTOBER 20, 2015

Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. Venezuela, an OPEC member, has even proposed an emergency summit meeting. This decision set crude prices on a downward path. and EU Ukraine-related economic and financial sanctions.

Russia 150

Russia Oil Saudi Arabia Market 150

Green Car Congress

AUGUST 20, 2019

The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. When working at production level, we anticipate we will be able to use the existing infrastructure and distribution chains to produce H 2 for between 10 and 50 cents per kilo.

Oil-Sands 375

Oil-Sands Oil Hydrogen Venezuela 375