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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Link to original article: [link]. In other words, it is mostly business as usual for ENI and other oil and gas supermajors—for now.

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

Green Car Congress

The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. Qatar’s remaining fields are experiencing similar threats.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. mmbl/day) equates to a 13 percent global share.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 from a market for Russian crude and natural gas (via LNG) to a global competitor. percent of GDP in 2014.

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ABB charges into the future with Formula E

Charged EVs

The global electric racing championship Formula E has been a huge success by any measure. A lot of what we do with Formula E, we’ll pull the lessons learned and the improvements to our mass-market chargers or equipment,” ABB Global E-Mobility Executive Stephanie Medeiros told Charged. From the racetrack to the street. “A