article thumbnail

IHS Markit: oil price collapse will change trajectory of North American gas supply

Green Car Congress

The trajectory of North American gas supply is set to change radically as a result of the fall in oil prices that has occurred due to COVID-19 and the breakdown in production cooperation between OPEC and Russia, according to IHS Markit. Associated gas is regular natural gas that is produced together with oil out of the same well.

article thumbnail

Ford CEO Farley sees merit in separating EV biz to obtain Tesla-sized market cap

Teslarati

Ford CEO Jim Farley believes there may be some merit to separating the automaker’s electric vehicle project from the company’s main operation. This may prove to be too difficult, and Ford is not considering the option, according to the report. Ford also expanded its production goals on Farley’s request.

Ford 140
article thumbnail

EIA: Permian region expected to drive US crude oil production growth through 2019

Green Car Congress

The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 This national increase is almost entirely driven by tight oil. Lower wellhead prices in the region are contributing to slower growth in Permian crude oil production in 2019 compared with 2018.

2019 236
article thumbnail

Lake Resources and Ford Motor Company sign non-binding MoU to negotiate for lithium offtake from the Kachi Project

Green Car Congress

Australia-based Lithium developer Lake Resources has signed a non-binding Memorandum of Understanding (MoU) with Ford Motor Company for the offtake of approximately 25,000 tonnes per annum (tpa) of lithium from the Kachi Project. As we’ve shared, Ford is sourcing deeper into the battery supply chain.

Ford 243
article thumbnail

Landi Renzo USA awarded $600K from South Coast AQMD & SoCalGas for near-zero natural-gas Ford 7.3L engine

Green Car Congress

This collaboration will modify the recently introduced Ford 7.3-liter The new Ford 7.3-liter The new Ford 7.3-liter It also features a variable-displacement oil pump, extra-large main bearings, forged steel crankshaft for durability, and piston cooling jets to help manage temperatures under heavy load.

USA 300
article thumbnail

IEA says oil supplies may not keep up with demand

Green Car Congress

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

Oil 257
article thumbnail

With oil prices low, early signs of a pullback in drilling activity

Green Car Congress

With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream.