Remove 2016 Remove International Remove Market Remove Nigeria
article thumbnail

China-based GAC to debut new SUV, hybrid crossover and EV at Detroit show; planning NA market entry in 2018

Green Car Congress

At the North American International Auto Show (NAIAS) next week, China-based GAC Motor will unveil three new vehicles: a new SUV, a hybrid crossover concept car, and an elecric vehicle developed internally. GAC Motor made its world premiere at the 2015 NAIAS with the debut of the now best-selling GS4.

Bahrain 150
article thumbnail

This Nigerian Startup’s Minigrid Began as a School Project

Cars That Think

After he graduated from the Federal University of Technology in Owerri, Nigeria, his plan was to get a high-paying job at one of the multinational oil and gas companies based in the country. To improve his chances, he worked as an intern for two of them. He began researching how solar energy technology worked.

Nigeria 70
article thumbnail

TUM, partners to present electric aCar prototype at IAA; transport for sub-Saharan Africa

Green Car Congress

Researchers at the Technical University of Munich (TUM) and partners will present their new prototype of an electric four-wheel drive utility vehicle designed for Africa—the aCar — at the International Motor Show (IAA) in Frankfurt next month. Otto SPANNER GmbH; Schnupp GmbH & Co. and Hydraulik KG.

Africa 150
article thumbnail

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

Between 2012 and 2016, Maersk had been working on field development, slated to have cost $1.5 Amin Nasser’s aim is to go beyond global oil markets. These technical challenges will need an increased amount of investments, which will be hard to come by in today’s market. billion, to sustain output at current levels.

Oil 186
article thumbnail

Opinion: The Current Oil Price Rally Is Reaching Its Limits

Green Car Congress

American oil companies have gutted their budgets and have put off drilling plans, with many projecting absolute declines in 2016. Moreover, supply outages in places like Iraq and Nigeria have also knocked at least a quarter of a million barrels per day offline, an unexpected disruption that put upward pressure on prices in March.

article thumbnail

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Market” forces include many components. percentage points.

article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Control over the transportation assets in this region together with vast gas reserves make Russia the key element of this new market.”. The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. in 2015 and 2016 respectively).

Russia 150