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GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

Green Car Congress

GE and OJSC Rosneft signed a memorandum of understanding (MOU) that lays the foundation for the two companies jointly to evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation. In addition, the Company participates in several exploration projects in Kazakhstan and Algeria.

Oil 231
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GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). It will see production rise across all regions of the world, with the exception of Europe, where it will decline by 70% by 2050.

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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The addition of four countries—Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)—to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas. Kazakhstan’s oil production increased by 24% to 1.7

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Toyota Europe Q1 hybrid sales up 82.3% for 20% of total sales; Auris Hybrid the leader

Green Car Congress

The European automotive industry is still experiencing an increasingly shrinking market. Despite the challenging sales environment, our results are in-line with the market evolution. —Daniele Schillaci, TME Senior Vice-President for Sales and Marketing. fall in the market overall. Toyota in France posted a 3.2%

Toyota 311
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Eni reports first oil from giant Kashagan field in North Caspian Sea

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The oilfield is located in the North Caspian Sea, approximately 80 kilometers (50 miles) southeast of Atyrau, in Kazakhstan. Eni holds a 16.81% stake in the consortium for the development of Kashagan and through Agip KCO is responsible for developing and start of production of the field. Map of the field. Click to enlarge.

Oil 218
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Mercedes CEO Says Brand Sticking With China for the Long Haul

The Truth About Cars

Mercedes-Benz CEO Ola Kallenius has told the German media that the brand has no intention of cutting ties with China, saying such a move would be unwise for the whole of Germany industry.& Both markets remain extremely important, though China seems to be the one poised for the most growth in the years to come.& influence.&

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GE and Shenhua open coal gasification joint venture in China

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The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand. China contributed 68% towards the region’s total coal production in 2011. Gasification converts coal into a synthesis gas (or syngas) that can then be used to produce chemicals or other products.

Coal 199