US independents Anadarko and Noble Energy have agreed to exchange around 50,000 net acres of leasehold in the Wattenberg field in northeastern Colorado. US independent Devon and midstream company Crosstex have agreed to combine Crosstex’s assets and Devon’s midstream assets to form a new midstream business, which remains unnamed for the time being. Devon is… Keep reading →
Biocrude producers are moving closer to providing a cost-competitive substitute for petroleum, but obstacles remain in building scale.
Biocrude is derived from renewable sources like wood waste and algae, but can be converted into near-perfect substitutes for petroleum products, known as “drop-in” fuels. Drop-in fuels “can serve as direct replacements or supplements to existing gasoline, diesel and jet fuels, without any changes to existing fuel distribution networks or engines”, according to the Department of Energy (DOE). Keep reading →
Biocrude could soon be cheaper and more efficient than traditional crude oil.
One of the challenges for fuel derived from biological materials is the impact it can have on machinery and pipelines, leading to competing technical fights over the proportion of fuels like ethanol that can be shipped or used in the US transportation industry. Keep reading →