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Ford Sustainability Report details pilot program in South Africa to deliver health care, education

Green Car Congress

A new Ford Motor Company pilot program aims to enhance mobility health services in rural areas of South Africa and Nigeria. The 2015-16 Sustainability Report highlights key environmental benchmarks and the ongoing work of the automaker, including its expanded focus beyond vehicle production to developing mobility solutions for the future.

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

Green Car Congress

PFT technology processes bitumen on-site to remove water and solids and improve bitumen quality. This places oil sands within the same GHG intensity range as 45% of crude oil supplied to US refineries in 2012.). The bitumen is then blended with condensate to create a diluted bitumen product.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

The Ichthys project consists of the development of the Ichthys gas and condensate field offshore North West Australia lying in 260 meters (853 feet) of water depth and the construction of an 889-kilometer (552-mile) gas transmission pipeline together with an onshore LNG plant near Darwin in the Northern Territory.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 Russia supplied about 30 percent (146.6 in 2015 and 2016 respectively). in 2015 and 2016 respectively).

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Increase in US rig count will not cap oil prices

Green Car Congress

If prices went too low the LTO operators couldn’t afford to drill, which would shrink supply and cause prices to rise. If they somehow collude to restrict supply to affect prices they will be prosecuted and perhaps sent to jail. If and when prices rose the US rig count would rise and ultimately cause prices to fall again.