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Axial Vector and Kirloskar Oil Engines Forming JV for Mass Production of Axial-Type Engines

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Axial Vector Energy Corporation (AVEC) and Kirloskar Oil Engines (KOEL) have signed a binding memorandum of understanding (MOU) for a joint venture for the mass production of the Axial Vector axial-type, multi-fuel engines ( earlier post ). Rahul Kirloskar, Director, Kirloskar Oil Engines Limited. engine and 100 kW generator—in 2009.

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Saudis Expand Price War Downstream

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The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world. By offering almost 2.8

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Navigant forecasts global natural gas fleet of 34.9M by 2020

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The increase is largely driven due to a combination of low-cost natural gas and sustained higher prices for gasoline and diesel in many countries, Navigant suggests. In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 million by 2020. million sales expected in 2013.

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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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However, the collapse in global oil prices has eroded a significant portion of the natural gas cost advantage. In Asia Pacific, many markets are highly fractured with a number of competitors, although Suzuki remains strong in the key NGV markets of Pakistan and India.

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Forecast: Global Natural Gas Vehicle Fleet to Reach 17 Million by 2015

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Conversely, in Pakistan, Argentina, Brazil, Iran, and India—the top five markets for NGVs—there are a variety of light-duty NGVs available. The fuel has to be cheaper than gasoline/diesel to recover the additional cost of the vehicle within a reasonable amount of time. The reasons for NGV market growth vary for each country, according.

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MIT and IEA reports take different views of the future of natural gas in transportation

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On a life-cycle basis this advantage is reduced, the MIT report notes, because the GHG emissions in production and distribution, including methane leakage, are greater for natural gas than for oil products. million bpd of oil. MIT: leaning toward conversion for light-duty vehicles. These include short-range, heavy-duty vehicles (e.g.,

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Forecast: 17M Natural Gas Vehicles Worldwide by 2015

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The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. The fuel has to be cheaper than gasoline/diesel to recover the additional cost of the vehicle within a reasonable amount of time. Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% between 2008 and 2015.

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