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GE and Shenhua open coal gasification joint venture in China

Green Car Congress

GE announced the opening of GE Shenhua Gasification Technology Company Ltd., a 50:50 joint venture with Shenhua Group to advance the development and deployment of “cleaner coal” technology solutions in China. The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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Kazakhstan/Russia: Caspian Pipeline expansion. Investments include refinery projects geared toward improving returns by increasing energy efficiency and feedstock flexibility, and producing cleaner fuels. China: development of the Chuandongbei natural gas project. Brazil: development of the Papa-Terra deepwater field.

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Opinion: Uranium Prices Set To Double By 2018

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But the toxicity levels have dissipated, and nuclear energy is rebounding as a cleaner power source with next generation safeguards. Currently, the world is increasingly recognizing nuclear energy as the cheaper, cleaner, and greener option—as indicated by the number of reactors being built. As a result, supplies are dwindling.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Oil companies will be forced to turn to more difficult and costly sources to replace lost capacity and meet rising demand. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. However, we assume little change in vehicle usage patterns over the Outlook period. —WEO 2011.

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