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Opinion: The Saudi Oil Price War Is Backfiring

Green Car Congress

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. This could eventually result in refiners cutting their crude oil imports.

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This Nigerian Startup’s Minigrid Began as a School Project

Cars That Think

When Ifeanyi Orajaka was an undergraduate engineering student in 2008, he had his career all mapped out. After he graduated from the Federal University of Technology in Owerri, Nigeria, his plan was to get a high-paying job at one of the multinational oil and gas companies based in the country.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

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Lifecycle study finds LNG can reduce shipping GHG emissions by up to 21%

Green Car Congress

A lifecycle study by consultancy thinkstep, commissioned by SEALNG and SGMF, has found that greenhouse gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels, over the entire life-cycle from Well-to-Wake (WtW). —SEALNG Chairman Peter Keller. Source: thinkstep.

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Shell delivers more Brazil deep-water production from Parque das Conchas; 3rd phase of project

Green Car Congress

Shell and its joint venture announced the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil’s Campos Basin. The development is the first of its kind based fully on subsea oil and gas separation and subsea pumping.

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Junkyard Find: 1982 Peugeot 505S Turbodiesel

The Truth About Cars

I've found an oil-burning 505 in a boneyard in California's Central Valley, so let's take a look. The 504 stayed in production quite deep into the 21st century ( in Nigeria ), and the 505 was its ordained successor. The 505 was sedan-only here for '82, but was offered with both gasoline and diesel engines.

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Shell’s Cardamom development starts production; second major 2014 start-up in deep-water Gulf of Mexico

Green Car Congress

Oil from the Cardamom subsea development (100% Shell) is piped through Shell’s Auger platform. When at full production of 50,000 barrels of oil equivalent a day (boe/d), Auger’s total production capacity will increase to 130,000 boe/d.

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