Electrek

MARCH 27, 2024

Swedish automaker Volvo has rolled out its last diesel-powered vehicle, after a 45-year relationship with the powertrain and cranking out millions of oil-burning cars. Between 2012 and 2016, diesel accounted for half of the company’s global sales. But those days are over now as the company moves toward an all-electric future.

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Volvo Diesel 2016 Cars 145

Green Car Congress

AUGUST 23, 2012

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. North America is expected to witness the highest capex globally, with $254.3

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Oil 2012 Oil-Sands Gas 210

Green Car Congress

APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S. shale output.

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Oil Supplies Oil Prices 2017 150

Green Car Congress

MAY 18, 2017

shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S. oil production,” the consultancy noted.

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Oil Prices Oil 2017 Price 170

Green Car Congress

APRIL 6, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. When will Russia run out of oil?

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Russia Oil 2016 Oil Prices 150

Green Car Congress

OCTOBER 29, 2014

The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 The City will replace 100 vehicles by the end of this year and 425 vehicles by the beginning of 2016. million over ten years.

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Indianapolis 2016 Fleet PHEV 287

Green Car Congress

NOVEMBER 14, 2016

Global carbon emissions from burning fossil fuels did not grow in 2015 and are projected to rise only slightly in 2016, marking three years of almost no growth, according to researchers at the University of East Anglia (UEA) and the Global Carbon Project. for 2016 marks a clear break from the rapid emissions growth of 2.3%

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Carbon Global Emissions Climate Change 150

Green Car Congress

JULY 22, 2017

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials. But unlike any other industry, oil and gas is facing more challenges in persuading the environmentally-conscious Millennials that oil is “cool”. labor force.

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Oil Gas Industrial Industry 220

Green Car Congress

JANUARY 20, 2011

million units annually by 2016. million unit global NGV market which we forecast will expand at a compound annual growth rate (CAGR) of 7.9% million vehicles by 2016. Natural gas refueling station development is not expected to achieve the same growth rate, but will reach nearly 26,000 stations worldwide by 2016.

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2016 Global Iran Sale 218

Green Car Congress

AUGUST 14, 2019

In 2017, emissions from GHG emitting activities statewide were 424 million metric tons of CO 2 equivalent (MMTCO 2 e), 5 MMTCO 2 e lower than 2016 levels and 7 MMTCO 2 e below the 2020 GHG Limit of 431 MMTCO 2 e. Compared to 2016, California’s GDP grew 3.6% It does not include emissions from petroleum refineries and oil production.

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2017 2016 Transportation Emissions 230

Green Car Congress

JULY 27, 2017

Transporting oil by pipelines is more than twice as safe as using rail, and marine tankers are safer still with a markedly improved safety record over the past 40 years, according to a new study released by the Fraser Institute, a Canadian policy think-tank. accidents per million barrels of oil shipped by rail over the same period.

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Oil Transportation Mariner 2004 150

Green Car Congress

JANUARY 10, 2018

In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 EIA also forecasts that 2019 crude oil production will rise further to an average of 10.8 US crude oil production averaged an estimated 9.3 million b/d set in 1970.

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2018 2019 Oil Production 207

Green Car Congress

OCTOBER 26, 2017

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said.

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Oil Prices Oil Libya Iraq 170

Green Car Congress

APRIL 5, 2017

Neste has published updated information about all its crude palm oil suppliers on the company’s website. all companies, mills, and estates that supplied Neste with crude palm oil in 2016. Crude palm oil’s role in Neste’s raw material portfolio has become less significant in recent years.

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Oil Renewable Diesel 2016 150

Green Car Congress

MARCH 26, 2019

last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions, according to the IEA. As a result, global energy-related CO 2 emissions rose by 1.7% last year, just half the rate of the period between 2014-2016.

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2018 Global Emissions Energy 207

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

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Oil Prices Oil Industrial Industry 170

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. It all represents the strongest headwinds for shale producers since the oil price collapse in 2015. —Raoul LeBlanc. —Raoul LeBlanc.

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Oil Price Oil Prices Production 170

Green Car Congress

SEPTEMBER 13, 2017

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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Saudi Arabia Oil Production Climate 150

Green Car Congress

FEBRUARY 5, 2018

ExxonMobil’s newly released Outlook for Energy: A View to 2040 anticipates that global energy needs will rise about 25% over the period to 2040, led by non-OECD countries. The Outlook projects that global transportation-related energy demand will increase by close to 30% by 2040. —T.J. Energy & Carbon Summary.

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Light Oil Fuel Vehicles 170

Green Car Congress

JULY 16, 2017

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

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Oil Libya Nigeria Qatar 186

Green Car Congress

SEPTEMBER 2, 2015

If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. According to an August 26 Bloomberg article , the Saudi government is seeking ways to reduce investment in 2016 “.as percent increase) and 2016 (3.5 James Crandell, a Cowen & Co.

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Oil Saudi Arabia UAE 2015 150

Green Car Congress

MARCH 24, 2016

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. US oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 That has sparked a renewed sense of optimism among oil traders.

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Oil Prices Oil Price North Dakota 150

Green Car Congress

MARCH 24, 2017

The California Air Resources Board approved a new regulation aimed at methane leaks from oil and gas operations. Methane, one of the powerful greenhouse gases called short-lived climate pollutants (SLCPs) and the main component of natural gas, has 72 times the impact on global warming as carbon dioxide.

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Oil Gas Pollution Climate 150

Green Car Congress

NOVEMBER 4, 2019

Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% Global primary energy demand rose by 2.3% This was slower than the 1.7%

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Global Energy 2018 Coal 150

Green Car Congress

FEBRUARY 6, 2018

Replacing fossil fuels with Neste’s renewable fuels reduced global climate emissions altogether by a 8.3 million tons from 2016. In Sweden, Neste’s renewable diesel is sold as an HVO-type biofuel (Hydrotreated Vegetable Oil, i.e. renewable diesel) through selected retailers. million metric tons—8.3

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Renewable Climate 2017 Emissions 150

Green Car Congress

JUNE 1, 2016

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. Many oil projects, after all, take years to develop.

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Oil Supplies Market Oil Prices 150

Green Car Congress

MAY 8, 2017

A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Click to enlarge.

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Oil Panama Emissions Fuel 283

Green Car Congress

MARCH 13, 2017

billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. The Horseshoe-1 and 1A wells drilled during the 2016-2017 winter campaign confirmed the Nanushuk play as a significant emerging play. of net oil pay in several reservoir zones in the Nanushuk section. billion barrels. billion barrels.

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Alaska Oil Energy Spain 170

Green Car Congress

OCTOBER 29, 2016

The International Maritime Organization (IMO), the regulatory authority for international shipping, decided to implement a global sulfur cap of 0.50% m/m (mass/mass) (5,000 ppm) on fuel oil starting 1 January 2020 during its Marine Environment Protection Committee (MEPC), meeting for its 70 th session in London.

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Oil 2020 Puerto Rico Virgin Islands 150

Green Car Congress

APRIL 2, 2015

At the New York International Auto Show, Chevrolet introduced the all-new 2016 Spark—a completely redesigned and more sophisticated execution of the brand’s global minicar. The 2016 Spark is powered by an all-new 1.4L engine that is part of GM’s new, global family of Ecotec small-displacement engines. Spark’s new 1.4L

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2016 Chevrolet MPG Engine 150

Green Car Congress

APRIL 30, 2013

John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.

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Alternative Fuels Oil Transportation Fuel 295

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

NOVEMBER 18, 2015

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

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Saudi Arabia Oil Europe Russia 150

Green Car Congress

MARCH 9, 2018

Audi and its development partners Global Bioenergies S.A. It isn’t dependent on crude oil, it is compatible with the existing infrastructure and it offers the prospect of a closed carbon cycle. In the first step, Global Bioenergies produces gaseous isobutene (C 4 H 8 ) in a demonstration plant. Earlier post.) Earlier post.).

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Audi Gasoline Global Engine 199

Green Car Congress

NOVEMBER 15, 2012

Separately, Solazyme and Archer-Daniels-Midland Company, a leading global agricultural processor, signed strategic collaboration, manufacturing and market development agreements in which Solazyme and ADM will produce Solazyme’s tailored algal oils in ADM’s advanced fermentation plant at Clinton, Iowa. Solazyme, Inc., Earlier post.).

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Oil Renewable Brazil Production 239

Green Car Congress

JUNE 26, 2023

Saudi Arabia’s ambitions for an EV supply chain are part of the diversification of the national economy away from oil, a project guided by the government’s Vision 2030 reform plan announced in 2016. Rabigh Refining & Petrochemical Company will supply feedstock in the form of decant oil.

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Saudi Arabia Supplies Building Chevron 170

Green Car Congress

JULY 3, 2017

Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report, The Future of Trucks: Implications for energy and the environment.

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Oil Transportation Alternative Fuels Fuel Economy 150