article thumbnail

Chevron approves next major Tengiz expansion project in Kazakhstan

Green Car Congress

Chevron Corporation announced that its 50% owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP), which will increase crude oil production at the Tengiz oil field in Kazakhstan by about 260,000 barrels per day. billion, which includes $27.1

article thumbnail

Toyota hybrid sales in Europe up 17% in 2015, representing 24% of total TME sales

Green Car Congress

Despite the lowest gasoline prices in Europe in 5 years, Toyota Motor Europe’s (TME) sales of hybrid vehicles continued their 5-year increase to reach 209,000 units for the full year 2015, up 17% year-on-year. Overall sales of Toyota and Lexus vehicles were 874,000 units in 2015, a drop of 1.5% year-on-year. year-on-year.

2015 150
article thumbnail

Caspian pipeline consortium marks the groundbreaking for $5.4B expansion

Green Car Congress

The capacity of the 900-mile (1,500-km) pipeline, which carries crude oil from western Kazakhstan to a dedicated terminal in the Black Sea, will increase to 1.4 The project will be implemented in three phases with capacity increasing progressively from 2012 to 2015. Kazakhstan Pipeline Ventures L.L.C.: Caspian pipeline.

article thumbnail

Tesla Model 3, Model X are Google’s Most Searched for EVs globally

Teslarati

The Model X claimed notable areas like Elon Musk’s home country of South Africa and other regions like Egypt, Kazakhstan, Guyana, and Nambia. Why the Model X is so popular in these regions specifically is unknown.

Global 145
article thumbnail

Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

The collapse in prices may mean we don’t see more white elephants like the Kashagan project in Kazakhstan, an offshore boondoggle that has required more than a decade of development, tens of billions of dollars, and still won’t come online for a few more years.

Oil 150
article thumbnail

Toyota Motor Europe hybrid sales up 38% in first quarter; 30% hybrid mix

Green Car Congress

Toyota Motor Europe (TME) reported a 38% increase in its Q1 2016 hybrid sales (Toyota and Lexus brands) versus the same period last year, representing 30% of total sales, compared to 24% for the full calendar year 2015. Total TME sales for the first quarter of 2016 were 241,600 Toyota and Lexus vehicles, an increase of 5.1% year-on-year.

Europe 150
article thumbnail

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

Green Car Congress

Under the central New Policies Scenario, automotive sales in non-OECD markets exceed those in the OECD by 2020, with the center of gravity of car manufacturing shifting to non-OECD countries before 2015. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada.

Oil 247