ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

Green Car Congress

ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. In Papua New Guinea, the company is planning a three-train liquefied natural gas expansion as it continues to explore for gas in the country’s Highlands region.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

Green Car Congress

If half of this flare gas (25 bcm per year) was captured and sold at prevailing domestic prices in Russia, the economic opportunity may exceed US$2 billion (65 billion rubles). Elsewhere in West Africa, Angola, Equatorial Guinea, Gabon, Congo and Cameroon collectively waste about 10 billion cubic meters of natural gas every year. Low natural gas prices and higher costs related to capturing flare gas in the Middle East inadvertently encourage the wasteful burning of unused gas.

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Wanted: Electric MINI test drivers

Green Cars News

Accounting for current development and manufacturing costs, the monthly lease fee for a MINI E would normally be priced at £550 per month. Fully re-charging the battery using off-peak electricity at current prices will cost around £1.50. Additional funding is provided by the Technology Strategy Board as part of a UK-wide programme involving trials of 340 ultra-low carbon vehicles from several manufacturers.

Transport Ministers endorse 2009 MPG Marathon in Coventry

Green Cars News

Both Ministers have sent letters of support for the annual two-day driving experiment, now in its 7th year, which is set to prove that motorists can save hundreds of pounds per year on their fuel bills irrespective of volatile pump prices. As well as ‘smarter’ driver training techniques, the MPG Marathon will showcase a number of fuel and carbon saving technologies that are being ‘guinea-pigged.’.

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