Remove Cleaner Remove Corporation Remove Nigeria Remove Production
article thumbnail

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

Green Car Congress

Chevron Corporation announced a $32.7 We believe these investments will yield significant production growth and reward our shareholders for years to come. By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 First production is expected in 2016. million barrels per day.

Chevron 170
article thumbnail

INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars. First production is expected at the end of 2016. Location of the Ichthys project. Source: INPEX.

Australia 210
article thumbnail

EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

This is the sum of the emissions from raw materials, production, shipping, operation and end-of-life disposal – not just how clean it is to operate. Battery production is known to be the most energy-intensive part of the manufacturing process of an EV. In comparison, EV engines run on lithium batteries.

article thumbnail

EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

That’s why when measuring the efficiency of a vehicle, it’s become common to measure the processes involved in the entire ‘life cycle’ of a vehicle – what’s referred to as ‘cradle to grave’, or the sum of the emissions from raw materials, production, shipping, operation, and recycling – not just how clean it is to drive.