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PDVSA and PetroChina move ahead with 400,000 barrel per day oil refinery in China; processing Orinoco heavy and extra-heavy crude

Green Car Congress

According to OPEC figures, then, Venezuela has now surpassed Saudi Arabia in terms of oil reserves (296.5 billion barrel—third globally, behind Venezuela and Saudi Arabia. OPEC’s Annual Statistical Bulletin 2010/2011 puts Venezuela’s 2010 proven oil reserves at 296.5 billion barrels, up 40.4%

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Opinion: There Is No Such Thing As Peak Oil Demand

Green Car Congress

By the time that Saudi Arabia finally acted to protect not only its place among suppliers but also, and more importantly, the role of oil in the world economy. The EIA, IEA and other public econometric models call for global oil demand to continue growing through 2040, and the EIA even calls for renewed growth in the U.S.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. —US EIA. Source: EIA. Click to enlarge.

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Alcoa splitting into two companies; expecting 2.4x increase in automotive revenues to $1.8B in 2018

Green Car Congress

The globally competitive Upstream Company will comprise five business units that today make up Global Primary Products: Bauxite, Alumina, Aluminum, Casting and Energy. The Value-Add Company will include Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. billion, with $2.8

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The Grand Tour's "Sand Job," Nothing to See Here, I'm Afraid

The Truth About Cars

In reality the race ran its initial course until 2007, then was canceled in 2008 due to intense security concerns in Mauritania. Since 2020, Dakar has been held in Saudi Arabia.& Renamed Dakar, from 2009 to 2019 the race ran in South America. James goes to a library and handles a book that’s 500 years old.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

Chevron is taking its technology learnings from Kern River and apply them to Duri and other major heavy oil fields globally, such as Wafra in the onshore Partitioned Neutral Zone (PNZ) between Kuwait and Saudi Arabia and in the Orinoco in Venezuela.

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Nielsen global survey finds concerns about climate change slipping behind concerns over other environmental issues; air and water pollution top worries, pesticide use #3

Green Car Congress

Other environmental concerns have pushed ahead of climate change on a global average basis. Three out of four global consumers rated air pollution (77%) and water pollution (75%) as top concerns, both increasing six percentage points compared to 2009. Source: Nielsen. Click to enlarge. Source: Nielsen. Click to enlarge.