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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

Ireland-based electrolyzer company Fusion Fuel Green PLC will collaborate with Consolidated Contractors Group S.A.L. The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. CCC is a globally diversified company specializing in Engineering and Construction.

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Opinion: Who Will Be Left Standing At The End Of The Oil War?

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Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. But these are just the costs of lifting oil out of the ground. State-owned oil companies often have many more responsibilities than just producing oil.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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For Chevron, this means (a) managing down the cost of steam generation for injection into the field and (b) using information technology to be able to “dial in” the steam at the optimum pressure and temperature to specific locations in the strata of the field—and then recovering that newly flowing oil. —Jeff Hatley.

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Saudi Arabia and Kuwait might, and should be encouraged to do so. Some national oil companies go bankrupt and others consolidate into a handful of global energy giants. Exports concentrate in fewer countries and companies, which compete rather than cooperate. Nigeria or Algeria cannot do the same for their oil industry.

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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

The Swedish automaker reiterated its 50,000-vehicle delivery goal, expecting Q4 to be its strongest three-month showing in company history. This was a result of higher Polestar 2 sales and lower manufacturing costs, which come as companies scale the production of their vehicles. The company’s $1.48 and the USA.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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Each producer, therefore, is incentivized to undercut other producers directly (price per barrel) or indirectly (absorbing shipping cost or delivery risk) to win sales in Asia (or displace incumbent suppliers in other major markets). National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy.