Greenhouse Gases
ADNOC to improve energy efficiency by 10% by 2020
ABU DHABI, UAE – The Abu Dhabi National Oil Company (ADNOC) announced, today, it plans to introduce measures that will increase energy efficiencies by 10% by 2020. The energy efficiency strategy will reduce ADNOC’s gas consumption by 156 MMcf/d, saving a total of $1 billion by 2020.
Optimize steam usage in refinery flares
In this study, methods to optimize the consumption of dispersion steam in flares were examined at a large refinery that burns a considerable quantity of gas. The desired optimization was achieved by monitoring hydrocarbon emissions using an infrared camera (thermography).
US EPA moves to deny refiner requests to change biofuels program
The US Environmental Protection Agency said it plans to deny several petitions from oil groups to change the country's biofuels program, an issue that has deeply divided the petroleum industry.
Canada's 'chemical valley' city looks to lure green investment
Sarnia, Ontario, home to dozens of Canada's refineries and chemical plants, is lobbying hard to lure a biotech plant to the city as the local petrochemical-powered economy braces for the impact of a provincial carbon-pricing scheme.
Two Florida men convicted and sentenced in biodiesel fraud scheme
Two men have been convicted of participation in a multi-state scheme to defraud biodiesel buyers and US taxpayers by fraudulently selling biodiesel credits and fraudulently claiming tax credits.
BP announces investment of $30 MM in biojet producer Fulcrum
BP subsidiaries BP Ventures and Air BP businesses have created a strategic partnership with Fulcrum BioEnergy, a pioneer in the development and production of low-carbon jet fuel, in which BP will invest $30 MM.
Saudi Aramco acquires Novomer’s polyol business and associated technologies
Saudi Aramco has acquired the Converge product line and associated operations and technologies from US-based Novomer Inc.
OGCI announces $1-B investment to accelerate development of low emissions technologies
OGCI Climate Investments will aim to deploy successfully-developed new technologies among member companies and beyond.
Refining: High-impact challenges in today’s global refining market
To stay competitive and thrive in today’s uncertain and volatile energy market that is characterized by major shifts in supply and demand dynamics, refiners must find ways to increase operational efficiencies, maximize productivity and produce refined products at lower costs.
IMO sets 2020 date for ships to comply with low sulfur fuel oil requirement
In a landmark decision for both the environment and human health, January 1, 2020, has been set as the implementation date for a significant reduction in the sulfur content of the fuel oil used by ships.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
