article thumbnail

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

Green Car Congress

The Kingdom has the same challenges as its current main political adversary, Qatar. The latter’s national oil company, Qatar Petroleum, has only been able to maintain crude oil production on its main offshore oilfield Al Shaheen through heavy investments from its former joint-venture partner Maersk Oil.

Oil 186
article thumbnail

War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

At the same time, though, Russian energy has been buffeted by announcements from major Western petroleum companies that they’ll extricate themselves from Russia, with whom they've been doing business for decades. Shell quickly chimed in to say it would sell off its 26.5 percent stake in the enormous Sakhalin-2 oil and gas development.

Ukraine 120
article thumbnail

Is Worldcoin a Crypto-currency for the Masses or Your Digital ID?

Cars That Think

That’s because Worldcoin , the company behind the project, wants to create the most widely and evenly distributed cryptocurrency ever by giving every person on the planet the same small allocation of coins. Many people will be watching the company during this make-or-break year to see how these events will unfold. Worldcoin CEO.

article thumbnail

The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

s top class Zeekr emblem have began promoting in Israel and planning to make bigger into extra international locations within the patch, together with Qatar and Bahrain. While it’s still relatively cheap to run a gas-guzzler in many places — petrol costs between $2.18 Chery Car Co. and Zhejiang Geely Keeping Staff Co.’s