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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

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Aker Solutions wins FEED contract for e-Fuel plant in Norway

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Aker Solutions has signed a contract with Nordic Blue Crude (NBC) for front-end engineering and design (FEED) of a new e-Fuel facility at Herøya in Porsgrunn, Norway. The e-Fuel plant is planned to produce CO 2 -neutral fuel by using green hydrogen and furnace gas from an existing factory.

Norway 418
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H2Carrier receives AiP from DNV for P2XFloater floating hydrogen and ammonia facility

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The concept is based on proven floating production, storage and off-take technologies combined with an e-control system capable of balancing renewable electricity feedstock through a fully integrated PEM and Haber-Bosch system. H2Carrier is currently involved in energy generation projects in Scotland and Northern Norway.

Hydrogen 243
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Siemens targeting Li-ion energy storage for marine and offshore oil and gas applications; 6MW system to West Mira rig

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As part of a strategy to continue providing low-emissions solutions for harsh offshore operating environments, Siemens has opened a fully robotized and digitalized plant in Norway that will develop and manufacture energy storage technologies for both marine and offshore oil and gas applications. Earlier post.).

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The New Oil Cartel Threatening OPEC

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When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. The timing is right.

Oil 170
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Praxair partners with NEL ASA on hydrogen refueling network in Norway; invests in Uno-X JV

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Uno-X Hydrogen AS, a NEL ASA (NEL) joint venture, has entered into an agreement with a Norwegian affiliate of Praxair, a leading global industrial gas company, as a strategic alliance to install 20 hydrogen refuelling stations, covering all the major cities in Norway by 2020. —Jon André Løkke, CEO of NEL ASA.

Norway 150
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The New Oil Cartel Threatening OPEC

Green Car Congress

When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. The timing is right.

Oil 150