US Department of the Interior has approved a scaled-back version of ConocoPhillips’ Willow Master Development Plan in the National Petroleum Reserve-Alaska (NPR-A). (Earlier post.) The Record of Decision (ROD) reduces the size of the project by denying two of the original five drill sites proposed by ConocoPhillips, which is seeking... Read more →

In 2022, US ethane demand increased by approximately 9%, or almost 0.2 million barrels per day (b/d), according to the US Energy Information Administration’s (EIA’s) Petroleum Supply Monthly. US production and consumption of ethane (a hydrocarbon gas liquid used almost exclusively as a feedstock in the petrochemical industry) has grown... Read more →

SLB (Schlumberger) introduced the EcoShield geopolymer cement-free system that minimizes the CO2 footprint of a well’s construction. This innovative technology eliminates up to 85% of embodied CO2 emissions compared with conventional well cementing systems, which include portland cement. The EcoShield geopolymer cement-free system matches the rheology, thickening time, and compressive... Read more →

Shell Offshore, a subsidiary of Shell plc, has started production at the Shell-operated Vito floating production facility in the US Gulf of Mexico (GoM). With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the GoM to employ a... Read more →

The Department of the Interiorawarded an initial $560 million from the Bipartisan Infrastructure Law to 24 states to begin work to plug, cap and reclaim orphaned oil and gas wells. Eligible states have indicated that there are more than 10,000 high-priority well sites across the country ready for immediate remediation... Read more → Asia is expected to register the highest refinery Fluid Catalytic Cracking Units (FCCU) capacity additions globally between 2022 and 2026, accounting for approximately 48% of the total capacity additions by 2026, according to GlobalData, a data and analytics company. Fluid catalytic cracking, a type of secondary unit operation in a... Read more → ## DOE to award up to$32M to reduce methane emissions from oil and gas sector

##### 27 May 2022

Glencore International pled guilty in the Southern District of New York to violations of the Foreign Corrupt Practices Act (FCPA). In addition, as part of a separate resolution, Glencore Ltd., pled guilty in the District of Connecticut to a commodity price manipulation conspiracy. Together, Glencore and Glencore Ltd., both part... Read more →

## Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil; up to 80% GHG emission reduction

##### 19 May 2022

Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine 0.1 Co-processed marine fuel in Scandinavia, a solution helping the maritime sector to reduce the greenhouse gas (GHG) emissions. The ISCC PLUS-certified marine fuel enables up to 80% GHG emission reduction over the lifecycle compared to... Read more →

## Parkland planning to build British Columbia’s largest renewable diesel complex; upgrading Burnaby Refinery

##### 12 May 2022

Parkland, an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator, plans to increase renewable fuel production at its Burnaby Refinery in British Columbia. The company said it will expanding existing co-processing volumes to approximately 5,500 barrels per day, and build a stand-alone renewable... Read more →

## CARB releases 2022 draft Scoping Plan update

##### 11 May 2022

The California Air Resources Board (CARB) has released the draft 2022 Climate Change Scoping Plan—the third update to the state’s initial 2008 Scoping Plan. It identifies a path to achieve carbon neutrality over the next two decades while also assessing the progress the State is making towards reducing its greenhouse... Read more →

## EIA expects increased US crude oil production, with continued high petroleum prices in 2022

##### 11 May 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day this year and 12.8 million barrels per day in 2023, which would surpass the record average production of 12.3 million barrels per day set in 2019. Despite the increases in production,... Read more →

China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). In the second half of the year, China processed slightly less crude oil and began exporting significantly less gasoline and diesel than in... Read more →

ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. (Earlier post.) The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana... Read more →

ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company’s fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 barrels of oil per day starting in 2025. Yellowtail production from the ONE GUYANA floating... Read more →

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). The Biden Administration had earlier in March authorized a drawdown of 30... Read more →

Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. In keeping with this strategic shift of business, OMV will reduce its oil and gas production by around 20% by 2030 and... Read more →

The US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2022 (AEO2022) Reference case forecasts that US energy consumption will grow through 2050, primarily driven by population and economic growth. In this case—which reflects only current laws and regulations—renewable energy is the fastest-growing energy source through 2050, while petroleum remains the... Read more →

## Biden bans import of Russian oil, gas, coal with immediate effect; Putin to block exports of “certain products and raw materials”

##### 09 March 2022

President Joe Biden issued an executive order banning the importation from Russia of crude oil; petroleum; petroleum fuels, oils, and products of their distillation; liquefied natural gas; coal; and coal products. The ban is effective immediately; the US is blocking any new purchases of Russian energy. The US will allow... Read more →

Southwest Research Institute (SwRI) will collaborate with the University of Michigan (UM) to use additive manufacturing and machine learning to create an advanced burner that will eliminate 99.5% of the methane encountered during oil production. SwRI’s Metering Research Facility (MRF) will serve as a test bed for a new ARPA-E... Read more →

## ExxonMobil to discontinue operations at Sakhalin-1, make no new investments in Russia

##### 02 March 2022

ExxonMobil is discontinuing operations at Sakhalin-1, and will make no new investments in Russia. ExxonMobil operates the Sakhalin-1 project on behalf of an international consortium of Japanese, Indian and Russian companies. (Earlier post.) In response to the situation in Ukraine, the company is beginning the process to discontinue operations and... Read more →

## bp to exit its 19.75% shareholding in Rosneft

##### 28 February 2022

The bp board announced that bp will exit its shareholding in Rosneft, a Russian state-controlled oil and gas company. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect. The other Rosneft director... Read more →

In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020, according to the US Energy Information Administration (EIA). According to EIA’s February 2022 Short-Term... Read more →