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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.

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Oil Drum Licenses On-Board Hydrogen Generator for Baltic States

Green Car Congress

University of Kent (UK) spin-off Oil Drum Ltd , has signed a licensing deal with UAB Hydro2 that will enable its on-board hydrogen generator technology to be manufactured, sold and installed in the Baltic States. Tags: Engines Fuel Efficiency Hydrogen Production Vehicle Systems. It is also developing an opportunity in Russia.

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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

Green Car Congress

Projected US CO 2 growth from fossil fuels. The US Energy Information Administration (EIA) estimates in the April 2010 release of its Short-Term Energy and Summer Fuels Outlook that CO 2 emissions from fossil fuels, which declined by 6.6% in 2011 as economic growth fuels higher energy consumption. Source: EIA.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.

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Zeekr introduced access into Saudi Arabia, UAE, Qatar, Bahrain

Baua Electric

Those nations are one of the global’s greatest oil exporters, and but, they’re marching into the unutilized power car transition. Up to now, Zeekr has entered Eu markets in Sweden, the Netherlands, and Germany, and signed commitments with companions in Israel and Kazakhstan. billion USD trade in with Saudi Arabia.