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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

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2014 Ram 1500 EcoDiesel earns 28 mpg highway; best in segment

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2014 Ram 1500 EcoDiesel. liter V6 EcoDiesel-powered 2014 Ram 1500 pickup ( earlier post ) has earned a 28-mpg (8.4 l/100 km) highway, a rating that stands for model-year 2014. The Ram 1500 now owns the half-ton pickup segment’s top two spots in the EPA’s 2014 highway fuel-economy rankings. Click to enlarge. The all-new 3.0-liter

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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

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Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.

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Siemens developing power technology for deep sea oil and gas facilities

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Siemens is developing power technology for deep sea, self-sufficient oil and gas extraction facilities. As an example, beginning in 2020, Statoil plans to build oil and gas extraction facilities deep under water. The only connections between the deep sea and the surface are a pipeline and an electricity and data cable.

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Petrobras’ June oil production in Brazil up 1.7% exceeding 2M bpd; gas production reaches record

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Petrobras’s June oil production in Brazil averaged 2,008 thousand barrels/day (bpd), up 1.7% The company’s oil and natural gas production in Brazil in the same month was 2,426 thousand barrels of oil equivalent per day (boed), indicating a 1.6% from May’s production of 1,975 thousand bpd.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. CO 2 emissions from natural gas use have grown a sustained 2.2% to 1.9%], potentially exceeding the previous peak in 2014 to reach a new high. CO 2 emissions from oil use are expected to grow 2.2% [0.9% for oil, 1.1%

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KU Leuven team creates solar panel that produces hydrogen from moisture in air

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Bioscience engineers at KU Leuven have created a solar panel that produces hydrogen gas from moisture in the air. Twenty of these solar panels could provide electricity and heat for one family for an entire winter. A traditional solar panel converts between 18 to 20% of the solar energy into electricity.

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