The U.S. has gone to court in an attempt to seize 2 million barrels of oil that it claims came from Iran, as Joe Biden s administration shows little sign of taking a softer line on Tehran.
(Bloomberg) The U.S. has gone to court in an attempt to seize 2 million barrels of oil that it claims came from Iran, as Joe Biden’s administration shows little sign of taking a softer line on Tehran.
The Department of Justice filed a case in a U.S. district court, seeking to seize the cargo on the Greek-owned Achilleas tanker, according to a statement on Tuesday. The U.S. alleges that Iran’s Islamic Revolutionary Guard Corps and the IRGC-Qods Force covertly shipped the oil abroad.
Reliance receives world s first carbon-neutral oil from US
Oxy Low Carbon Ventures (OLCV), a division of US oil major Occidental, delivered the carbon-neutral oil to Reliance
PTI | February 3, 2021 | Updated 21:03 IST
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Billionaire Mukesh Ambani s Reliance Industries Ltd has sourced the world s first consignment of carbon-neutral oil from the US as it looks to become a net zero-carbon company by 2035.
Reliance, which operates the world s largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, got 2 million barrels of consignment Permian basin, the US supplier said in a statement.
Oxy Low Carbon Ventures (OLCV), a division of US oil major Occidental, delivered carbon-neutral oil to Reliance, the firm said.
Billionaire Mukesh Ambani s Reliance Industries Ltd has sourced the world s first consignment of carbon-neutral oil from the US as it looks to become a net zero-carbon company by 2035. Reliance, which operates the world s largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, got 2 million barrels of consignment Permian basin, the US supplier said in a statement. Oxy Low Carbon Ventures (OLCV), a division of US oil major Occidental, delivered carbon-neutral oil to Reliance, the firm said. This transaction, which was arranged in conjunction with Macquarie Group s Commodities and Global Markets group (Macquarie), is the energy industry s first major petroleum shipment for which greenhouse gas (GHG) emissions associated with the entire crude lifecycle, well head through combustion of end products, have been offset, it said.
Oxy Low Carbon Ventures delivers worldâs first shipment of carbon-neutral oil
2/2/2021
Oxy Low Carbon Ventures (OLCV), a division of Occidental announced the delivery of two million barrels ofÂ
carbon-neutral oil
1Â to Reliance Industries in India. This transaction, which was arranged in conjunction with Macquarie Groupâs Commodities and Global Markets group (Macquarie), is the energy industryâs first major petroleum shipment for which greenhouse gas (GHG) emissions associated with the entire crude lifecycle, well head through combustion of end products, have been offset.
This transaction is a first step in the creation of a new market for climate-differentiated crude oil. It is also a bridge to the development of a further differentiated petroleum product,Â
Oxy teams with Macquarie to deliver worldâs first carbon-neutral oil from Permian basin to India 2/1/2021
HOUSTON - Oxy Low Carbon Ventures, a division of Occidental announced the delivery of two million barrels of carbon-neutral oil to Reliance Industries in India. This transaction, which was arranged in conjunction with Macquarie Groupâs Commodities and Global Markets group (Macquarie), is the energy industryâs first major petroleum shipment for which greenhouse gas (GHG) emissions associated with the entire crude lifecycle, well head through combustion of end products, have been offset.
This transaction is a first step in the creation of a new market for climate-differentiated crude oil. It is also a bridge to the development of a further differentiated petroleum product, net-zero oil, which Occidental intends to eventually produce through the capture and sequestration of atmospheric CO2 via industrial-scale direct air capture (DA