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Heard At The Show: Snippets from SAE 2009 World Congress

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For every kJ of chemical energy in the fuel for a spark ignition internal combustion engine, 73 % is sacrificed to chemical and thermal losses. Crane also mentioned that one-quarter to one-third of the cost of a battery system is the packaging, integration and electronics. How did the high fuel prices impact customer behavior in 2008?

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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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While production costs and refining costs for heavy oil exceed that for light oil, applying information technology solutions for decision-making has provided a significant increase in the margins and profits of operations, according to Chevron engineers in a paper presented on their system earlier this year.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.