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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1% in summer 2021.

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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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Both primary energy consumption and carbon emissions from energy use fell at their fastest rate seen since the Second World War, while renewable energy continued its trajectory of strong growth, with wind and solar power recording their largest ever annual increase. World oil production fell for the first time since 2009 by 6.6

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Cemvita demonstrates “gold hydrogen” production in situ, sets up subsidiary

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Cemvita defines Gold Hydrogen as the biological production of hydrogen in the subsurface through the consumption of trapped or abandoned resources. The hydrogen production in this trial exceeded our expectations. Green hydrogen production, however, is energy intensive and expensive. billion in 2020. billion by 2028.

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bp & Ørsted to produce green H2 at Lingen refinery; industrial-scale electrolyzer powered by offshore wind

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project for industrial-scale production of green hydrogen via the electrolysis of water using ?renewable wind farm in the North Sea and the hydrogen produced will be used in the refinery.?. —Martin Neubert, executive vice president and CEO of offshore wind, Ørsted. ??. synthetic fuel production. west Germany.

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Bosch starts production of 800V inverter, motor for electric vehicles

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Bosch is now starting the production of new powertrain solutions based on 800-volt technology. Inverter with 800-volt technology goes into series production In recent years, 400-volt solutions have become widely established as the industry standard. The next generation of the electric motor will feature oil cooling.

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