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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. With the huge reduction in its revenues and growing discomfort among its members such as Venezuela, Libya and Nigeria over its current production levels, is OPEC really getting weaker? Nigeria’s dilemma.

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UNEP: export of used cars to developing world creating significant environmental problems

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The report shows that the three largest exporters of used vehicles—the European Union (EU), Japan, and the United States of America (USA)—exported 14 million used light duty vehicles (LDVs) worldwide between 2015 and 2018. The EU was the largest exporter with 54% of the total followed by Japan (27%) and the USA (18%).

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Study estimates ~4M children worldwide develop asthma each year because of NO2 air pollution

Green Car Congress

The study, based on data from 2010 to 2015, estimates that 64% of these new cases of asthma occur in urban areas. Findings from the study: An estimated 4 million children developed asthma each year from 2010 to 2015 due to exposure to NO 2 pollution, which primarily comes motor vehicle exhaust. —Susan Anenberg.

Pollution 360
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Shell’s Cardamom development starts production; second major 2014 start-up in deep-water Gulf of Mexico

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Shell also discovered oil at its Kaikias (Shell 100%) well in the Mars basin, which will require further appraisal in 2015.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars. Total Gas & Power Limited, the gas trading subsidiary of Total, will also purchase 0.9

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US Shale Is Now Cash Flow Neutral

Green Car Congress

million barrels per day in the second quarter of 2015, the industry did not break even. That all changed around the middle of 2015 when the most indebted and high-cost producers went out of business and consolidation began to take hold. Even when US oil production hit a peak at 9.7 If we go back down to $50 (or lower) in 2017.then

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

Green Car Congress

The PFT process removes a portion of the heavy end of the barrel (asphaltenes) using less energy than would be required to remove the same heavy ends in a coker at an on-site upgrader, thus reducing greenhouse gas emissions. Energy needs are further reduced through the installation of energy-saving cogeneration facilities. wt% sulfur and 8.9

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