Remove 2016 Remove Asia Remove Corporation Remove Oil
article thumbnail

Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

Green Car Congress

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. GlobalData predicts Asia-Pacific to follow very closely with a capex of $253.1

Oil 210
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. To help meet that demand, ExxonMobil is anticipating an investment profile of approximately $37 billion per year through the year 2016.

article thumbnail

ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

Green Car Congress

However, oil will continue to play a leading role in the world’s energy mix, the report finds. Wojnar, vice president for Corporate Strategic Planning. In the forecast, global transportation-related energy demand grows close to 30% from 2016 to 2040. —T.J. Energy & Carbon Summary.

Light 170
article thumbnail

Pike Research forecasts global NGV sales to hit 3.2M units annually by 2016

Green Car Congress

million units annually by 2016. million vehicles by 2016. Natural gas refueling station development is not expected to achieve the same growth rate, but will reach nearly 26,000 stations worldwide by 2016. CAGR between 2010 and 2016). CAGR between 2010 and 2016). million vehicles per year in 2010 to more than 3.2

2016 218
article thumbnail

Government of Canada to buy Trans Mountain Pipeline System and Expansion Project for C$4.5B, resume planing and construction

Green Car Congress

The 1,150-km (714-mile) Trans Mountain pipeline system (TMPL) is the only pipeline system in North America that transports both crude oil from the oil sands and refined products to the west coast. The Trans Mountain Expansion Project was originally proposed as a way to deliver more Canadian oil resources to international markets.

Canada 199
article thumbnail

WWF and Toyota form global partnership, join forces on Living Asian Forest Project; a focus on rubber

Green Car Congress

WWF and Toyota Motor Corporation have entered into a five-year agreement aimed at accelerating the globe’s transition to sustainability. Toyota is the first car company and the first Japanese company to sign a Global Corporate Partnership agreement with WWF. The agreement went into effect on 1 July 2016.

Toyota 150
article thumbnail

Survey finds LNG-fueled ship orders up 26% in six months

Green Car Congress

Following a world survey of the marine industry, Zeus Development Corporation has identified 63 LNG-fueled ships in operation or under development, up from 48 units last December. High oil prices, impending emissions regulations and technical advancements are propelling the market faster than we expected. What surprised us is the rate.