Remove 2011 Remove Cost Remove Financing Remove Oil Prices
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Oil Majors’ Costs Have Risen 66% Since 2011

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The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. per barrel, rising to $36.50.

Oil 150
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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. Of this, the Saudi government will finance $239 billion, while private investors will finance $79 billion, as well as investments in refining (which it does not specify).

Oil 150
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Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

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Summary of battery pack cost projections, 2010-2030. Governments and vehicle manufacturers will need to introduce long-term incentives and price cuts to create a sustainable European market for ultra-low emission vans (ULEV), according to a newly published report by Element Energy, commissioned by the UK Department for Transport.

Emissions 231
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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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The report comes as oil majors like ExxonMobil, Chevron and Shell, and other companies, are developing at least a couple dozen oil shale and CTL projects, including 12 CTL facilities projected to produce 170 million barrels of liquid fuels per year at a cost of $2 billion to $7 billion per plant. Earlier post.).

Coal 210
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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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billion set in 2011. A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. billion, up 7% on the year but well below its all-time high reached in 2011. billion, up 39% from 2013.

2014 150
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. —WEO 2011.

Oil 247
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Study details viable pathway to develop sustainable aviation biofuels industry in Pacific Northwest; hydroprocessing of natural oils seen as the most immediate opportunity

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In 2011, ASTM approval for the use of renewable jet fuel derived from hydroprocessing is moving into the final stages. Additional process steps needed to cleave the hydrocarbons into jet range could amount to as much as 30-40 percent higher cost of production for renewable jet compared to. renewable diesel.

Oil 230