Oil is cheap, so Kuwait raised its own gas price to compensate

Green Car Reports

In some cases, that means cutting back on cheap gas for their own citizens. Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. DON'T MISS: Even Saudi Arabia vows to end its. oil Middle East energy policy United Arab Emirates Saudi Arabia

Chevron sells 30% stake in Canadian Duvernay shale play to Kuwait Foreign Petroleum for $1.5B

Green Car Congress

Chevron Corporation’s indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached an agreement to sell a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc., million cubic feet of natural gas and 1,300 barrels of condensate per day.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

Global Gas Prices | Hybrid Sales

Hybrid SUV Blog

Expert predictions about where oil and gas prices are headed vary widely. Some expect both to remain steady due to global economic conditions while others point to the return of $3/gallon gas (in the states) fueled mainly by an increase in foreign demand. During these huge fluctuations, sales of hybrid cars have closely mirrored what we pay to fill our gas tanks. Low gas prices encourage less fuel efficient vehicles. World Gas Prices By Country (converted to U.S.

2010 78

The Real Reason for USA based Economic Recessions.

DIY Electric Car

This period in US history saw gas lines and severe unemployment and also a period (in which is atypical during a recessionary period), rising inflation. It took the Iraqi invasion of Kuwait and the oil price rising from $21/barrel in August 1990 to $46/barrel by the middle of October. The True Cause of Recessions: OIL. By Douglas A. Stansfield. Recently I had the opportunity to speak at the annual Pennsylvania Energy Festival ( [link] ) back in September of this year.

USA 153

Tokyo Electric signs equity and additional LNG offtake agreements with Chevron for Wheatstone Project

Green Car Congress

Chevron Corporation’s Australian subsidiaries have signed additional binding agreements with Tokyo Electric Power Company (TEPCO) for liquefied natural gas (LNG) offtake and equity interests in the Chevron-operated Wheatstone Project. In addition TEPCO, through a related company, will acquire from Chevron a 10% participating interest in the Wheatstone field licenses and an 8% interest in the Wheatstone natural gas processing facilities. MTPA and a domestic gas plant.

Study estimates ~4M children worldwide develop asthma each year because of NO2 air pollution

Green Car Congress

Improving access to cleaner forms of transportation, like electrified public transport and active commuting by cycling and walking, would not only bring down NO 2 levels, but would also reduce asthma, enhance physical fitness, and cut greenhouse gas emissions. The country with the highest percentage of traffic pollution-attributable childhood asthma incidence was South Korea (31%), followed Kuwait (30%), Qatar (30%), United Arab Emirates (30%), and Bahrain (26%).

2019 116

2018 Environmental Performance Index: Air quality top public health threat

Green Car Congress

In general, high scorers exhibit long-standing commitments to protecting public health, preserving natural resources, and decoupling greenhouse gas (GHG) emissions from economic activity. The United States places 27 th in the 2018 EPI, with strong scores on some issues, such as sanitation and air quality, but weak performance on others, including deforestation and greenhouse gas emissions.

2018 100

TransGas and SK EC team on West Virginia coal-to-gasoline project

Green Car Congress

First, coal is gasified to produce synthesis gas, using Uhde PRENFLO PDQ gasifiers. The synthesis gas will then be cleaned to remove impurities, turning most into marketable byproducts. Next, the synthesis gas will be converted into methanol, which in turn will be converted into gasoline utilizing ExxonMobil Research and Engineering Company’s (EMRE) MTG process. TransGas Development Systems, LLC announced an agreement with SK Engineering & Construction Co.,

Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Saudi Arabia and Kuwait might, and should be encouraged to do so. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Governments might link low-carbon technology with foreign and security policy, as they did with oil and gas.

2019 75

Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. An OPEC member since 1971, Nigeria''s oil and gas sector represents about 75% of its total government revenues and 95% of its total export revenues. The Saudis, along with Kuwait and UAE have been defending the decision of not reducing the OPEC production levels in order to retain their global market share. by Gaurav Agnihotri for Oilprice.com.

2015 76

Opinion: Who Will Be Left Standing At The End Of The Oil War?

Green Car Congress

Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. Debt defaults here are looming, and inflation is soaring, while recent moves to drastically devalue the currency and raise gas prices by over 6,000 percent for the first time in decades are harbingers of highly destabilizing unrest. by Charles Kennedy for Oilprice.com. This is a financial cold war—nothing more, nothing less.

2016 84

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. While oil and natural gas are crucial to Russia, Russia’s crude and natural gas are crucial to its neighbors on the Eurasian landmass. Natural gas data from Gazprom).

Ethanol Producers Group Calls for Congress to Repeal International Indirect Land Use Provision in RFS2

Green Car Congress

The Renewable Fuel Standard (RFS-2) defined within the Energy Independence and Security Act of 2007 requires biofuels to meet specified life-cycle greenhouse gas emission reduction targets to qualify. Depending upon the assumptions and boundary conditions set in the ILUC evaluation, the result can dramatically increase the calculated GHG footprint of a biofuel—especially corn ethanol—far offsetting the presumed greenhouse gas benefits of its use.

Iraq 65

Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Paul Taylor, Chief Economist for the National Automotive Dealers Association, had the following observations: At $4/gallon gas people looked at more economical versions of the same vehicle rather than going down in vehicle size—they continue to buy cars that meet their needs. A $1 change in gas prices can lead to a 4-6% shift in take rates (i.e. The operations in Kuwait and Iraq use approximately 431 million gallons of fuel per year. Where does all of the energy go?

2009 60

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). Chevron has already shifted to gas-fired co-generation plants to produce steam and export power to the California grid; it is also working on a solar concentrator pilot in New Mexico that would generate steam using sunlight to further reduce costs and environmental impact of its thermal production process.

2011 85