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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.

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Canada targets cutting GHGs 30% below 2005 levels by 2030; new regulations for oil and gas, power, petrochemicals

Green Car Congress

Canada Environment Minister Leona Aglukkaq announced that Canada plans to reduce its greenhouse gas (GHG) emissions by 30% below 2005 levels by 2030. Canada formally submitted its target, referred to as an Intended Nationally Determined Contribution (INDC), to the United Nations Framework Convention on Climate Change.

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Nordic Oil And Gas and Western Warner Oils Exploring Underground Coal Gasification for Canada Project

Green Car Congress

Nordic Oil and Gas Ltd. and its joint venture partner, Western Warner Oils Ltd. are examining the possibility of using underground coal gasification (UCG) as a means to convert the coal into product gas at its recently acquired Drumheller, Alberta property. Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd.

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ExxonMobil Canada acquires Celtic Exploration Ltd. for $2.6B, including liquids-rich Montney Shale acreage

Green Car Congress

An ExxonMobil Canada affiliate will acquire Calgary-based Celtic Exploration Ltd. The assets were estimated by Celtic on 31 December 2011 to include an estimated 128 million oil equivalent barrels of proved plus probable reserves, of which 24% are crude, condensate and natural gas liquids and 76% natural gas.

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A Glimpse Into The Post-Oil Era: How The Uneven Impacts Of 2025-2030 Peak Oil Demand Will Shape The Future Of Energy

CleanTechnica EVs

As Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.” But some oil will still be being pumped at the end, and it won't be heavy, sour, far from water crude.

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Canada Launches Algal Biofuels Project

Green Car Congress

The government of Canada is awarding approximately C$5 million (US$4.7 For dewatering the company has agreements in place with two technology providers and, through inVentures, has access to an organic sieve technology for removing water from the algae oil. Tags: Algae Algal Fuels Canada.

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U Calgary study finds oil shale most energy intensive upgraded fuel followed by in-situ-produced bitumen from oil sands

Green Car Congress

A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oil sands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. Earlier post.).

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