Shell CEO Says Company Needs Oil To Finance Clean Energy Future
InsideEVs
NOVEMBER 21, 2021
Some oil companies insist they're doing everything they can to save the planet, but it seems they're taking their time.
DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry
Green Car Congress
MAY 5, 2023
The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.
Oil 
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The $32-Trillion Push To Disrupt The Entire Oil Industry
Green Car Congress
FEBRUARY 28, 2019
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.
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Big Oil Betting On Electric Vehicles
Green Car Congress
MAY 3, 2017
Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Maybe even decline. ”.
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Commentary: Could falling oil prices spark a financial crisis?
Green Car Congress
DECEMBER 5, 2014
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns. by Nick Cunningham of Oilprice.com.
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CNPC’s first hydrogen station in Beijing in operation
Green Car Congress
SEPTEMBER 5, 2021
As the first batch of pilot projects of CNPC in the new energy field, the hydrogen stations in operation lay a foundation for the company’s future extensive deployment of hydrogen stations and the construction of hybrid stations of oil, gas, electricity, and hydrogen. CNPC) is an integrated international energy company.
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Oil Majors’ Costs Have Risen 66% Since 2011
Green Car Congress
MARCH 3, 2017
The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. by Nick Cunningham of Oilprice.com.
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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas
Green Car Congress
JULY 23, 2012
CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.
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CSIRO licenses technology to Amfora for production of oil in leaves and stems of plants; participates in Series A
Green Car Congress
APRIL 17, 2017
US-based biotech startup Amfora and CSIRO (Commonwealth Scientific and Industrial Research Organisation, the federal government agency for scientific research in Australia) signed an agreement to advance development and commercialization of technology to produce oil in the leaves and stems of plants as well as the seeds. Source: CSIRO.
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Direct lithium extraction company EnergyX secures $20M in funding commitments
Green Car Congress
MAY 3, 2021
EnergyX) has secured commitments of $20 million in financing. EnergyX and Orocobre plan to deploy their pilots in the near future. Some in the electric vehicle (EV) industry have likened lithium mining to the early days of oil exploration. Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc.
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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?
Green Car Congress
OCTOBER 20, 2015
November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. by Dalan McEndree for Oilprice.com.
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Opinion: Expect A Wave Of Consolidation In The Oil Industry
Green Car Congress
JUNE 24, 2015
The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending.
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Repsol and Alliance Oil to form an exploration and production JV in Russia
Green Car Congress
JUNE 20, 2011
Repsol and Alliance Oil Company have signed a Memorandum of Understanding to form a joint exploration and production (E&P) venture that will serve as a growth platform for both companies in the Russian Federation, the world’s largest oil and gas producer. Repsol also owns a 74.9%
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Empa and partners exploring DME as fuel with new heavy-duty test engine
Green Car Congress
NOVEMBER 30, 2020
In cooperation with a major European supplier, a new oil-lubricated common-rail pump had therefore been developed. The research project is co-financed by the Swiss Federal Office of Energy (FOEN). The researchers want to run their test engine with pure DME, without using lubricating additives, as has been done in previous projects.
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Solazyme and Bunge form joint venture for commercial-scale renewable oil production facility in Brazil
Green Car Congress
APRIL 3, 2012
Solazyme produces tailored oils using heterotrophic algae grown in industrial fermenters. Algae-based renewable oil company Solazyme, Inc. Algae-based renewable oil company Solazyme, Inc. will have an expected annual production capacity of 100,000 metric tons of oil. Source: Solazyme. Click to enlarge. Earlier post.).
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bp to invest up to $8B additional in transition growth engines by 2030, for cumulative $55-65B over 2023-2030
Green Car Congress
FEBRUARY 8, 2023
It plans to increase its supply of biogas six-fold, underpinned by Archaea Energy, to up to 70,000 barrels of oil equivalent a day in 2030. Hydrogen: Through this decade bp aims to establish the foundations of a material business for the future. As a result of these changes, bp anticipates its oil and gas production will be around 2.3
Engine 150
150 Rosneft and ExxonMobil to develop tight oil reserves in Western Siberia and establish Arctic Research and Design Center for offshore developments
Green Car Congress
JUNE 15, 2012
Russia’s Rosneft and ExxonMobil signed agreements jointly to develop tight oil reserves in Western Siberia and establish a joint Arctic Research Center for Offshore Developments. ExxonMobil will finance the geological studies and exploratory drilling. Earlier post.). Earlier post.). Drilling is scheduled to begin in 2013.
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history
Green Car Congress
MAY 31, 2020
Oil accounts for most of this decline as, for the first time, global consumer spending on oil is set to fall below the amount spent on electricity. This could be particularly detrimental to the outlook in some developing countries, where financing options and the range of investors can be more limited. —Dr Birol.
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Sasol and ITOCHU to partner on green ammonia and hydrogen
Green Car Congress
SEPTEMBER 5, 2022
MUFG Bank Ltd, one of the largest Financial Institutions in the world, and a market leader in sustainable financing solutions, witnessed the signing of the MoU. Japan is expected to be a large importer of green ammonia in the future.
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia
Green Car Congress
NOVEMBER 13, 2022
Based on BNEF’s New Energy Outlook, its annual long-term scenario analysis on the future of the energy economy, the report examines how Indonesia’s energy supply may evolve under BNEF’s Economic Transition Scenario (ETS) as well as a Net Zero Scenario (NZS) compliant with the goals of the Paris Agreement. trillion under the NZS.
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance
Green Car Congress
JULY 22, 2009
Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ by Bill Cooke. Billion vs. $28.3
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Amogy and Trafigura to research ammonia cracking technology as a facilitator to global hydrogen supply chains
Green Car Congress
SEPTEMBER 21, 2022
Trafigura deploys infrastructure, logistics and financing to connect global producers and consumers of oil and petroleum products, metals and minerals and power and renewables. The company is looking at future low-carbon sources of energy including technologies that can enable the high-volume transportation of zero-emission fuels.
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Government of Canada to buy Trans Mountain Pipeline System and Expansion Project for C$4.5B, resume planing and construction
Green Car Congress
MAY 29, 2018
The 1,150-km (714-mile) Trans Mountain pipeline system (TMPL) is the only pipeline system in North America that transports both crude oil from the oil sands and refined products to the west coast. This is an investment in Canada’s future. —Bill Morneau, Minister of Finance. billion (US$3.46 Earlier post.)
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Neste, ReNew ELP and Licella to collaborate in utilization of waste plastic as a raw material for fuels and chemicals
Green Car Congress
AUGUST 16, 2018
The collaboration is one of the steps towards Neste’s goal to introduce liquefied waste plastic as a future raw material to fossil refining, with a target to process annually more than one million ton of waste plastic by 2030. Earlier post.). Neste has two approaches to plastics with regards to circular economy. Earlier post.).
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bp to exit its 19.75% shareholding in Rosneft
Green Car Congress
FEBRUARY 28, 2022
The bp board announced that bp will exit its shareholding in Rosneft, a Russian state-controlled oil and gas company. Impact on reporting and finances. This will result in two material changes to bp’s financial reporting and finances in the results for the first quarter of 2022.
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Sir Richard Branson Joins Solazyme Series D as Strategic Investor
Green Car Congress
SEPTEMBER 8, 2010
announced that Sir Richard Branson has invested in Solazyme’s Series D financing. Sir Richard invested in Solazyme’s financing in a personal capacity, although the stake complements existing Virgin Group investments through the Virgin Green Fund in the renewable energy and resource efficiency sectors. Solazyme, Inc.
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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016
Green Car Congress
OCTOBER 29, 2014
This is a landmark step in revitalizing our aging fleet and replacing expensive internal combustion engine vehicles with cutting-edge EV technology, all while reducing our dependence on oil and saving Indianapolis taxpayers thousands in fuel costs each year. Indianapolis Mayor Greg Ballard.
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A Few Words on Eco Terrorists, Cowards and Courage
Creative Greenius
FEBRUARY 12, 2014
I’m talking about the people who work for and represent E&B oil. These are the people who in the face of science that says we must transition from fossil fuels to renewable energy or destroy the futures of our children and all who come after them, still want to drill for oil that should never be burned.
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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing
Green Car Congress
MAY 14, 2019
Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Whichever way you look, we are storing up risks for the future.
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191 DOE to award $118M to 17 projects to accelerate domestic biofuel production
Green Car Congress
JANUARY 27, 2023
Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment. The envisioned system will be developed to support production of at least 0.5 Topic Area 2: Pilot Scale-Up of Integrated Biorefineries LanzaTech, Inc.,
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Michelin 2048 goals: tires made with 80% sustainable material and 100% tire recycling
Green Car Congress
MAY 31, 2018
Michelin tires are currently made using 28% sustainable materials (26% bio-sourced materials such as natural rubber, sunflower oil, limonene etc., For a sustainable future, Michelin is investing in high technology recycling technologies to be able to increase this content to 80 percent sustainable materials. recycling rate.
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CompactGTL announces 3,000 bpd commercial small-scale GTL project in Kazakhstan
Green Car Congress
MARCH 11, 2014
The proposed plant is expected to bring with it significant future commercial and environmental benefits, according to the company. CompactGTL, together with investors from Kazakhstan, have agreed to finance, design and build the up to 3,000 bpd GTL plant, using CompactGTL’s technology and plant design.
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Nornickel, Rosatom and FESRC to design and build LNG-icebreaker to escort Nornickel ships along Northern Sea Route
Green Car Congress
SEPTEMBER 6, 2021
The parties will form a working group to develop terms of reference for the LNG icebreaker design and construction, select a shipyard, and consider financing options. As part of this partnership, Federal State Unitary Enterprise Atomflot is expected to operate Nornickel’s future icebreaker fueled by diesel and LNG.
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195 Vattenfall may provide hydrogen for Preem large-scale biofuel project
Green Car Congress
MARCH 28, 2017
Preem and Vattenfall will set up a work group and pilot study which are financed by both parties. Preem’s objective is to produce three million cubic meters (793 million gallons US) of renewable fuel yearly by 2030, which would account for the bulk of the reduction in carbon dioxide emissions in the Swedish transport sector.
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A Practical Car Care Guide for Your College Car
Clean Fleet Report
JULY 19, 2023
To illustrate, having knowledge of how to check your oil level can prevent possible harm to your engine. Regular Maintenance/Oil Changes Oil is critical for all cars with engines Regular maintenance is essential for prolonging the life of your car and preserving its optimal performance.
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REG expanding footprint at 75M gallon renewable diesel refinery in Geismar
Green Car Congress
MAY 11, 2017
REG has agreed to purchase the land it has leased for its Geismar operations, as well as more than 61 adjacent acres, which the company plans to improve and utilize to support existing production capacity and future expansion opportunities. REG Geismar, LLC will pay Lion Copolymer $20 million for the acquisition.
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting
Green Car Congress
AUGUST 25, 2015
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6 billion) and $1 billion ($2.5
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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?
Green Car Congress
OCTOBER 31, 2014
Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. The US dollar then went through a massive devaluation, and oil played a crucial role in propping it back up.
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225 Golar and Schlumberger form OneLNG JV; targeting development of low cost gas reserves to LNG
Green Car Congress
JULY 26, 2016
This future financing will take into account Golar’s FLNG intellectual property through an equitable contribution mechanism to be agreed between the parties. Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry.
Low Cost 150
150 New UC Davis market-based sustainability forecasting approach concludes supplanting gasoline and diesel with renewable fuels could take 131 years
Green Car Congress
NOVEMBER 9, 2010
In the paper, Nataliya Malyshkina and Deb Niemeier point out that the peak of oil production is estimated to occur approximately between 2010 and 2030, and note that all those dates are considerably earlier than their estimate of the time until renewable replacement technologies are viable in the market (around 2140).
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300 Renewable Energy Group to acquire Tyson Foods’ half ownership of Dynamic Fuels renewable diesel biorefinery
Green Car Congress
MAY 21, 2014
Under the terms of the agreement, a REG subsidiary will acquire Tyson Foods’ 50% membership interest in Dynamic Fuels by paying Tyson approximately $18 million in cash at closing and up to $35 million in future payments tied to production volume at the Geismar biorefinery over a period of up to eleven and a half years.
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Exclusive: Fast-forwarding green trucking | Autocar Professional
Baua Electric
APRIL 7, 2024
Our focus remains on serving the cement, steel, FMCG, oil and gas, and container industries, among others. Heavy-duty electric trucks have a future. But structurally, we will have to resolve some adoption issues, specifically financing, as it’s a major bottleneck. So we anticipate rapid proliferation in the near future.
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52 Opinion: Is Russia Plotting To Bring Down OPEC?
Green Car Congress
OCTOBER 6, 2015
Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.
Russia 150
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Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal
Teslarati
APRIL 26, 2022
The commitment was made after Lucid accepted a financing package worth over $1 billion from the Saudi Pacific Fund in 2018. ” The deal between Lucid and Saudi Arabia includes a pledge from the country to buy Lucid Air vehicles, along with future models the automaker plans to offer in the coming years. .
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