Oil Archives - Page 2 of 5 - Environment + Energy Leader

Algae Companies Ask EPA to Endorse Carbon Capture Efforts

August 12, 2014August 11, 2014 by Ken Jennison

Algae companies ready to bring their carbon capture and utilization efforts to the marketplace are asking the EPA to support the technology as a viable alternative to carbon capture and sequestration in its carbon pollution regulations, according to Environment & Energy Publishing. Algae companies need a large, constant amount of ... Read more »

Policy & Enforcement Briefing: Shell, BP in Price Probe; Feds ‘Shielded’ Wind Firms

May 15, 2013June 30, 2013 by Tamar Wilner

European Commission antitrust regulators are investigating Royal Dutch Shell, BP, Statoil and price reporting company Platts – a subsidiary of McGraw Hill Financial – over potential oil price manipulation. The probe is examining how price reporting companies help determine the cost of raw materials, Bloomberg says. The federal government is ... Read more »

Shell, Statoil Projects ‘Could Push Climate to Point of No Return’

January 23, 2013 by Leon Walker

Shell, Gazprom, BHP and other fossil fuel companies are involved in 14 massive coal, oil and gas projects that would produce as much new carbon dioxide emissions in 2020 as is currently emitted by the entire US, and would delay action on climate change for more than a decade, according ... Read more »

Clean Harbors Buys Safety-Kleen

January 4, 2013November 13, 2016 by Leon Walker

Clean Harbors Inc., a provider of environmental, energy and industrial services throughout North America, has acquired Safety-Kleen Inc., a provider of parts cleaning and environmental services and the largest re-refiner and recycler of used oil in North America. Clean Harbors purchased Safety-Kleen in an all-cash transaction valued at about $1.25 ... Read more »

Petrobras Signs $1bn Loan to Finance Cogeneration, Flaring Gas Reduction

October 17, 2012 by Jessica Lyons Hardcastle

Brazil’s state-owned oil company Petrobras has signed a loan of up to $1 billion to finance a cogeneration facility and other GHG-reducing efforts. The Japan Bank for International Cooperation (JBIC) will pay $600 million, according to JBIC, while the Bank of Tokyo-Mitsubishi UFJ, which is co-financing the loan, will provide ... Read more »

Contract Wins: Sumitomo, InterCore Energy, University of California, Aqua America, GEI Consultants

October 5, 2012October 5, 2012 by Jessica Lyons Hardcastle

Sumitomo Corporation has bought GE’s share in the 550 MW Desert Sunlight Solar Farm under construction in the California desert, east of Palm Springs. This investment gives the Japanese-based company 25 percent ownership of the solar project, which, according to the US Department of the Interior, is the largest solar ... Read more »

‘Ebay’ for Recycled Oil Readies for October Launch

September 12, 2012September 12, 2012 by Leon Walker

StayGreen Oil, an online market place for used petroleum and plant-based oils, has so far collected over 3,000 gallons prior to a planned public launch in October. The web site, which allows buyers and sellers to interact through public auctions or via private requests for proposal, has been operating in a ... Read more »

Delta Airlines Buys Oil Refinery to Control Fuel Prices

May 2, 2012May 3, 2012 by Kirsten Korosec

Delta Airlines has agreed to buy a refinery from oil giant ConocoPhillips in an effort to reduce its $300 million-a-year jet fuel bill. The airline announced Tuesday that its subsidiary Monroe Energy will buy a Phillips 66 refinery near Philadelphia for $150 million. Under the deal, the airline will receive ... Read more »

Oil Prices Fall on US Economy Concerns

April 11, 2012April 11, 2012 by Leon Walker

U.S. businesses may be waving goodbye to rising gas prices, according to figures from two surveys. The national average for a gallon of gasoline on Monday was $3.927 – a slip of two-tenths of a penny since Sunday, according to the AAA Daily Fuel Gauge Report, The Los Angeles Times ... Read more »

BP Sustainability Report: Greenhouse Emissions, Energy Use Drop

March 23, 2012March 26, 2012 by Leon Walker

Oil giant BP’s direct greenhouse gas emissions dropped from 64.9 million metric tons in 2010 to 61.8 Mte in 2011, according to the company’s latest combined annual and sustainability report. BP attributes the 3.1 Mte decrease – an almost five percent drop – to the temporary reduction in activity in ... Read more »

Universal Lubricants Releases Recycled Oil for CNG Fleets

February 14, 2012February 15, 2012 by Leon Walker

Universal Lubricants has launched an engine oil designed for compressed natural gas trucks and vehicles that is made of 83 percent re-refined material. Eco Ultra CNG completely eliminates new petroleum products from circulation in CNG fleets while also meeting engine manufacturers’ specifications and Society of Automotive Engineers requirements, the company ... Read more »

Hydrogen Plant to Save Air Products, ExxonMobil Facilities 15% Energy

February 10, 2012February 10, 2012 by Leon Walker

Air Products has cut the ribbon on a hydrogen manufacturing facility that uses excess gas from a neighboring ExxonMobil refinery when making its product. Hydrogen manufactured at Air Products’ Rotterdam, Netherlands, facility (pictured) is then used by the refinery for the desulphurization of oil products and in the manufacture of ... Read more »

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