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Argentina’s YPF and Bridas, 50% owned by CNOOC, to invest $1.5B in Vaca Muerta shale oil development in Argentina

Green Car Congress

Argentina state-owned energy company YPF and Bridas, an Argentina-based oil and gas company 50% owned by China National Offshore Oil Corporation, agreed to invest $1.5 While most of the development is targeting unconventional oil will, a portion will be for wet gas exploitation. Vaca Muerta shale. Source: YPF.

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UPS makes largest purchase of renewable natural gas yet in the US: 170M gallon equivalents over 7 years

Green Car Congress

to purchase 170 million gallon equivalents of renewable natural gas (RNG) through 2026. RNG is a key part of UPS’ strategy to increase alternative fuel consumption to be 40% of total ground fuel purchases by 2025, supporting the logistics leader’s efforts to reduce the absolute greenhouse gas (GHG) emissions of its ground fleet 12% by 2025.

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Nuseed secures commercial offtake agreement for carinata with leading biodiesel producer Saipol

Green Car Congress

The Nuseed Carinata production system, currently grown in Argentina, achieved best in class greenhouse gas reduction (GHG), certified by the leading independent globally recognized Roundtable on Sustainable Biomaterials (RSB).

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Balqon Expands Heavy-Duty Electric Truck Distribution into Argentina

Green Car Congress

Balqon Corporation, an emerging developer and manufacturer of heavy-duty electric vehicles for Class 7 and Class 8 applications ( earlier post ), has entered into a Dealer Agreement with Autoelevadores Yale, a leading distributor of material handling equipment and electric vehicles in Argentina.

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Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%

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Map of 48 major shale gas basins in 32 countries. Initial assessments of 48 shale gas basins containing almost 70 shale gas formations in 32 countries suggest that shale gas resources, which have recently provided a major boost to US natural gas production, are also available in other world regions. Source: EIA.

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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

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Canada’s growth in crude oil and natural gas production during 2022 and 2023 is driven primarily by expanding oil sands and debottlenecking projects. Canada’s growth is due in part to the Enbridge Line 3 crude oil pipeline expansion (760,000 b/d capacity), which became operational in October 2021. million b/d in 2021 to 3.9

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Chevron, YPF sign to develop Vaca Muerta Shale; initial outlays of $1.2B

Green Car Congress

that furthers the development of shale oil and gas resources from the Vaca Muerta formation located in the Neuquén province. The initial program will include the drilling of 100 wells in a 5,000-acre tract, part of a 96,000-acre concession. Earlier post.) The agreement calls for initial outlays of approximately $1.24 Earlier post.).

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