Remove 2000 Remove 2014 Remove Oil Remove Oil-Sands
article thumbnail

IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

Green Car Congress

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

Oil 150
article thumbnail

ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

Green Car Congress

Vehicle penetration 2000 to 2040. China will see the largest increase—more than 4 million oil-equivalent barrels per day. The outlook projects that oil and natural gas will continue to meet about 60% of energy needs by 2040. In 2010, about 75% of the world’s vehicles were in OECD countries. Source: ExxonMobil. Natural gas.

Oil-Sands 309
article thumbnail

Critical review finds actual measurement data on segments of natural gas lifecycle sparse or lacking

Green Car Congress

Between 2000 and 2011, the number of producing gas wells in the US increased by 50%, reaching 514,637. They separated the drilling process from the term “hydraulic fracturing”, which describes the process of fracturing low permeability rocks using water mixed with sand and proprietary chemicals pumped into the borehole under high pressure.

Gas 218
article thumbnail

VW introducing 1.8L EA888 Gen 3 engine in 2014 Jetta, Passat and Beetle; driving impressions

Green Car Congress

liter TSI four-cylinder engine in the 2014 Jetta and Passat, followed by the 2014 Beetle. In a presentation at Volkswagen of America’s 2014 line drive in St. The A4 of model year 2000 with a 1.8 The resulting boost in driving performance is manifest. Click to enlarge. In the A4 with a manual transmission, the 1.8

2014 331