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GM and Glencore enter multi-year cobalt supply agreement

Green Car Congress

Cobalt is an important metal in the production of EV batteries, and the cobalt processed from Australia will be used in GM’s Ultium battery cathodes, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s reserves life at current production rates is 14 years. Production from Liza Phase 1 is expected to begin by 2020, less than five years after discovery. Exxon Mobil Corporation added 2.7 Resource Base.

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Westport LD announces new natural gas system for Ford Super Duty Pickups

Green Car Congress

The Ford F-250 and F-350 pickups with the bi-fuel Westport WiNG Power System have undergone the same Original Equipment Manufacturer (OEM) testing for safety and durability required for all OEM products. The F-250 and F-350 pickup trucks are expected to ship in the second quarter of 2012.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

Green Car Congress

The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO is a US producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States.

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Early results from Univ. of Texas hydraulic fracturing study show no direct link to groundwater contamination; contamination problems appear related to other aspects of drilling ops

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Preliminary findings from a study on the use of hydraulic fracturing in shale gas development suggest no direct link to reports of groundwater contamination, according to project leader Dr. Charles ‘Chip’ Groat, of The University of Texas at Austin’s Energy Institute.

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Why Wall Street is throwing billions at the Permian

Green Car Congress

On August 25, Blackstone Group announced its decision to inject $1 billion into Permian assets in a partnership with a Fort Worth-based affiliate of Jetta Operating Co. The West Texas shale basin has captured two-thirds of the 90 oil rigs that have been added since hitting a nadir in May.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

The vehicles and infrastructure being funded include the use of natural and renewable gas, propane, ethanol, biodiesel, electricity, and hybrid technologies. New Jersey Clean Cities Coalition’s New Jersey Compressed Natural Gas Refuse Trucks, Shuttle Buses and Infrastructure. Total DOE award: $14,999,658. Total DOE award: $14,997,240.