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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

With the huge reduction in its revenues and growing discomfort among its members such as Venezuela, Libya and Nigeria over its current production levels, is OPEC really getting weaker? Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. Nigeria’s dilemma.

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Rosneft and PDVSA sign joint venture agreement for Orinoco heavy-oil Carabobo-2 project

Green Car Congress

Russian oil and gas major Rosneft, 75% owned by the government, and the Venezuelan Corporacion Venezolana del Petroleo (CVP), a subsidiary of PDVSA, signed an agreement to create a joint venture to develop heavy oil reserves in Venezuela in the framework of the Carabobo-2 project. Earlier post. oil sands).

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U Calgary study finds oil shale most energy intensive upgraded fuel followed by in-situ-produced bitumen from oil sands

Green Car Congress

A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oil sands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. How does this relate to the life cycle greenhouse gas (GHG) emissions intensity?

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IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

Green Car Congress

The proposed Keystone XL pipeline for transporting oilsands-derived crude to Gulf Coast refineries would have “ no material impact ” on US greenhouse gas (GHG) emissions, according to a new Insight report by IHS CERA. Future price volatility is to be expected. Earlier post.). —IHS CERA Insight.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). the “Digital Oil Field of the Future” Chevron’s i-field program is its effort to integrate people, processes, technology and information to achieve this transformation of its upstream business.

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State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

Green Car Congress

As part of the analysis, DOS commissioned a detailed study of greenhouse gas life-cycle emissions that compared Canadian oil sands crude with other selected reference crudes. This range is equivalent to annual greenhouse gas emissions from the combustion of fuels in 588,000 to 4,061,000 passenger vehicles. —FEIS.

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Electric cars to account for 64 per cent of car sales by 2030

Green Cars News

million barrels per day, equivalent to the amount currently imported daily from the Persian Gulf region and Venezuela. “A wide range of economic benefits come with price-competitive electric cars,&# said Becker. “A wide range of economic benefits come with price-competitive electric cars,&# said Becker.