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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Tillerson said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels. Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades.

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GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. According to Sentyurin, around 80% of the natural gas production by mid-century will stem from new projects, highlighting the importance of continued investment in upstream. —Secretary General Sentyurin.

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

Green Car Congress

By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. Kazakhstan/Russia: Caspian Pipeline expansion. million barrels per day.

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Opinion: Uranium Prices Set To Double By 2018

Green Car Congress

Mining Weekly expects “the period from 2017-2020 to be a landmark period for the nuclear sector and uranium stocks, as the global operating nuclear reactor fleet expands.”. Through his TerraPower company , Gates is developing a Fourth Generation nuclear reactor that would run on depleted uranium, rather than enriched uranium.

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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

Green Car Congress

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. At a high level, the report notes that there are few signs that the urgently needed change in direction in global energy trends is underway. Click to enlarge. The passenger vehicle fleet doubles to almost 1.7 billion in 2035.

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Zeekr introduced access into Saudi Arabia, UAE, Qatar, Bahrain

Baua Electric

Those nations are one of the global’s greatest oil exporters, and but, they’re marching into the unutilized power car transition. Up to now, Zeekr has entered Eu markets in Sweden, the Netherlands, and Germany, and signed commitments with companions in Israel and Kazakhstan. billion USD trade in with Saudi Arabia.