Remove China Remove Gas Remove Global Remove Oil-Sands
article thumbnail

China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.

Oil-Sands 325
article thumbnail

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

Green Car Congress

The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. Global macroeconomic assumptions in STEO are from Oxford Economics and include global GDP growth of 3.1% in 2021.

Brazil 259
article thumbnail

Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

Green Car Congress

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. North America is expected to witness the highest capex globally, with $254.3

Oil 210
article thumbnail

ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.

Energy 252
article thumbnail

ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

Green Car Congress

By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. Without the projected gains in efficiency, global energy demand could have risen by more than 100%. Source: ExxonMobil.

Oil-Sands 309
article thumbnail

Shell signs new offshore upstream deals with CNOOC and CNPC; China and Gabon

Green Car Congress

Shell has signed two offshore oil and gas Production Sharing Contracts (PSCs) with CNOOC, and a PSC amendment with CNPC for a new development phase for the Changbei gas field in China. The two offshore oil and gas PSCs with CNOOC are for blocks 62/02 and 62/17 in the Yinggehai Basin.

Gabon 218
article thumbnail

Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

Green Car Congress

GreatPoint Energy and China Wanxiang Holdings have officially closed their investment and partnership agreement which was highlighted during an official signing ceremony between senior US and Chinese government officials in 2012. billion cubic meters) of annual natural gas output within two years. China Petroleum and Chemical Corp.

Coal 225