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2016 Ford Explorer SUV replaces 2.0L EcoBoost with new 2.3L EcoBoost unit; more power and torque, same fuel economy expected

Green Car Congress

The new 2016 Ford Explorer SUV is making its global debut today at Los Angeles Auto Show with a new available 2.3-liter Ford Explorer is built in North America at Chicago Assembly Plant, as well as in Venezuela and now, Russia. liter EcoBoost four-cylinder engine that delivers more horsepower and torque than the 2.0L

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

Green Car Congress

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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PDVSA signs $4B loan agreement with China Development Bank for expansion of heavy oil production in Orinoco

Green Car Congress

Venezuela’s PDVSA signed a $4.0-billion, billion, 8-year loan agreement with China Development Bank (CDB) for boosting production at the Sinovensa heavy oil joint venture in the Orinoco belt from 140,000 barrels per day to 330,000 barrels per day by 2016. Venezuela will also receive two other loans from China: one for $1.5

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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

The oil industry has yet to recover from an unprecedented two-year drop in investment in 2015-2016, and the IEA sees little-to-no increase in upstream spending outside of the United States in 2017 and 2018. In Venezuela, oil production has fallen by more than half in the past 20 years, and declines are set to accelerate.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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The 5 Countries That Could Push Oil Prices Up

Green Car Congress

The ‘Fragile Five’ petrostates—Iran, Iraq, Libya, Nigeria and Venezuela—continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the United States has decertified the 2015 Iran nuclear deal,” U.S.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Green Car Congress

A former British colony located on the northeast coast of South America, Guyana borders Venezuela, Brazil and Suriname. Liza-2 well was drilled and tested in July 2016. Liza-3 well was drilled in October 2016, confirming a world-class resource discovery in excess of 1 billion oil-equivalent barrels. Hess Guyana Exploration Ltd.

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