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US, China, and G-20 agree to work to global phase down of HFCs

Green Car Congress

This was agreed by: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey,the United Kingdom, the United States, and the European Union, as well as Ethiopia, Spain, Senegal, Brunei, Kazakhstan, and Singapore.

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4,500th GE Evolution Series Locomotive enters service; reductions in fuel consumption and emissions

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The Evolution Series Locomotives operate in key rail markets worldwide, including in the US, Canada, Mexico, Brazil, Egypt, Kazakhstan, China, Mongolia, and Australia. The Texas facility will manufacture, assemble and remanufacture GE’s rail and transportation-related products.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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We believe these investments will yield significant production growth and reward our shareholders for years to come. By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 billion is planned for exploration and production activities, including major natural gas-related projects.

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Sonangol, Maersk Oil and partners strike oil with their first deepwater pre-salt well offshore Angola

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There is substantial evaluation work ahead of us to determine whether the discovery is enough to invest further to get production going. Maersk Oil is an international oil and gas company with operated production of about 650,000 barrels of oil equivalent per day offshore Denmark, UK and Qatar, as well as onshore Kazakhstan and Algeria.

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Canadian Pacific Selects GE Transportation’s Trip Optimizer; Locomotive Fuel Savings of 6-10% in Testing

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The product can also be combined with a full suite of fuel savings products from GE, including LOCOTROL Distributed Power, for more savings. —Pierre Comte, President GE Transportation Intelligent Control Systems. Trip Optimizer can now be deployed fleet-wide on GE Evolution Series Locomotives as a turnkey system.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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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 completion of Chevron’s Big Foot project in the Gulf of Mexico will be pushed back by a few years because of equipment problems. Conoco has the rights to 2.2

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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

Green Car Congress

This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. Non-OPEC supplies are then expected to fall slightly in 2011, as declining production in mature areas more than offsets any new production growth.

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