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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation Co Ltd said on Monday its SK On battery-making unit is on target to breakeven in the second half of this year after it posted a forecast-beating operating profit in the first quarter, sending its shares up over 6.0%. That compared with an average analyst forecast of 466 billion won. rise as of 0336 GMT.

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Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said.

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Huge Backlog Could Trigger New Wave Of Shale Oil

Green Car Congress

The latest crash in oil prices once again raises this prospect. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells. oil production aloft at a time when low prices are starting to curtail drilling activity.

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MIT automotive crash model could forecast oil and gas pipe fractures; Deepwater Horizon case study

Green Car Congress

A computer model that tests automobile components for crashworthiness could also be of use to the oil and gas industry, according to researchers at MIT’s Impact and Crashworthiness Laboratory, who are now using their simulations of material deformation in car crashes to predict how pipes may fracture in offshore drilling accidents.

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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. Beyond Turkmenistan, the GECF projections forecast expansion of natural gas production by more than 50% between 2020 and 2050, despite facing a stymied growth in the short- and medium-term due to the impact of COVID-19.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. At a conference in Moscow on October 14, President Putin said that Russia had reached if not passed the peak of its economic crisis and predicted economic growth in coming years. percent growth in Q1.

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ExxonMobil projects 25% energy demand increase between 2014-2040, 50% decline in carbon intensity; hybrids to be 40% of new car sales

Green Car Congress

Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Energy. The company forecasts modest gains for plug-in electric cars, with cost and functionality remaining barriers. Source: ExxonMobil.

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