Remove 2011 Remove Gas Remove Oil Remove Supplies
article thumbnail

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Green Car Congress

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S.

Oil 150
article thumbnail

Forecast: global spending in 2011 on advanced oil and gas exploration technologies to total $10.17 billion

Green Car Congress

UK-based market analyst visiongain projects that global spending in 2011 on advanced oil & gas exploration technologies will total $10.17 visiongain’s Advanced Oil & Gas Exploration Technologies Market 2011-2021 report analyses the development of this market over the next ten years.

2011 199
article thumbnail

ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.

article thumbnail

New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Green Car Congress

Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA.

Oil 281
article thumbnail

Hyundai Heavy demonstrates dual-fuel marine package with ME-GI engine and Hi-GAS supply

Green Car Congress

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading marine engine manufacturer, announced the successful completion of a full-scale demonstration test of a ME-GI dual-fuel MAN B&W two-stroke engines in combination with Hi-GAS.

Mariner 225
article thumbnail

GE Oil & Gas launches Micro LNG integrated plant

Green Car Congress

GE Oil & Gas announced the development of a Micro LNG integrated plant that meets the small-scale liquefied natural gas (LNG) requirements of powering remote industrial and residential locations and fueling motor vehicles. acquisition in 2011. GE’s Micro LNG technology supports a growing global demand for LNG.

Oil 199
article thumbnail

INEOS investing additional $1.4B in Grangemouth complex in next phase of GHG reductions; blue hydrogen

Green Car Congress

billion) in Grangemouth, its integrated refinery and petrochemicals complex in Scotland, in the next phase of reducing greenhouse gas emissions to net zero by 2045. Grangemouth, one of Scotland’s largest manufacturing sites, is owned and operated by INEOS and Petroineos, a joint venture formed between INEOS and PetroChina in 2011.

Hydrogen 369