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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Output grew rapidly in Qatar (+25.8%), Russia (+3.1%) and Turkmenistan (+40.6%), more than offsetting declines in Libya (-75.6%) and the UK (-20.8%).

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A. 2 Total SA.

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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

Green Car Congress

billion barrels of liquid fuels and chemicals from coal and natural gas. Sasol converts gas and coal into liquid fuels, fuel components and chemicals through proprietary Fischer-Tropsch (FT) processes. In partnership with Qatar Petroleum, it started up its first international GTL plant, Oryx GTL, in 2007. Earlier post.)

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

The continent was mostly powered by locally mined coal until the 1950s, when imports of cheap Middle Eastern oil started transforming the energy picture. produced fuels was further reduced by an accelerated shift away from coal, which in 2020 was down to 11 percent of primary supply, from 18 percent in 2000. Certification of the €9.5

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