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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. trillion in 2018, a level similar to 2017.

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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

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last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions, according to the IEA. Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for 45% of the rise in energy consumption. to 33 Gigatonnes (Gt) in 2018.

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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. over 2018 emissions. That compares to 2.1% growth a year earlier and 1.5%

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Argonne team releases 2018 GREET LCA model

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Argonne National Laboratory’s Systems Assessment Group announced the 2018 release of the suite of GREET models and associated documentation. For the 2018 release, we added three bio-derived products: bio-ethylene oxide (EO), bio-ethylene glycol (EG), and bio-terephthalic acid (TPA). road, air, marine, and rail).

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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. shale production will continue to grow along with global demand. shale production will continue to grow along with global demand. oil may not be able to fill. oil may not be able to fill.