Eni signs agreement for the acquisition of a new ultra-deepwater exploration block offshore Pakistan

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Eni has signed an agreement with the Pakistani Authorities and the state oil and gas company OGDCL for the acquisition of 25% and the operatorship of exploration license Offshore Indus Block G, located in Pakistan’s Indus Basin. The block, which is approximately 7,500 square kilometers, is located in ultra deep water of an under-explored and promising area offshore Pakistan, Eni says. Oil and gas blocks offshore Pakistan.

GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). According to Sentyurin, around 80% of the natural gas production by mid-century will stem from new projects, highlighting the importance of continued investment in upstream. Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference.

2020 161
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Navigant forecasts global natural gas fleet of 34.9M by 2020

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Cumulative natural gas vehicles in use by segment, world markets: 2013-2020. In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 The increase is largely driven due to a combination of low-cost natural gas and sustained higher prices for gasoline and diesel in many countries, Navigant suggests. Forecasts Natural Gas Source: Navigant Research. Click to enlarge.

2013 260

Pike Research forecasts annual global sales of light-duty natural gas vehicles to reach 3.2M in 2019

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The global market for light-duty (LD) natural gas vehicles (NGVs)—including passenger cars, light-duty trucks and commercial vehicles—will experience a compound annual growth rate (CAGR) of 6.2% Asia Pacific will become the largest market for NGVs, according to the Pike report, “ Light Duty Natural Gas Vehicles ”, due to strong growth in a variety of markets including: Thailand (24% CAGR); India (23%); and China (20%). Forecasts Natural Gas

2012 255

Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% This area will likely remain focused on the fleet markets (such as municipal vehicles), with medium- and heavy-duty gas vehicles—particularly for local applications, including refuse trucks, delivery vehicles, and transit buses that operate out of centralized depots—being the dominant applications.

2015 150

Opinion: China To Continue Expanding Its Influence In The Oil And Gas Sector

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One is called China National Offshore Oil Company ( CNOOC ), which is an oil and gas producer, another is called PetroChina , which is another oil producing company, and its third company is Sinopec , which is primarily a refining company. Lately though, China’s large investments are being made in the mid-stream sector of the oil and gas industry, the one sector China doesn’t have a national company for. by John Manfreda for Oilprice.com.

2015 192

MIT and IEA reports take different views of the future of natural gas in transportation

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MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. Although the reports both focus strongly on the increased use of natural gas in power generation, they also explore the likely impact of increased natural gas use on transportation. Total natural gas penetration in these segments would represent consumption of 2.5

2011 246

Forecast: Global Natural Gas Vehicle Fleet to Reach 17 Million by 2015

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A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth. Conversely, in Pakistan, Argentina, Brazil, Iran, and India—the top five markets for NGVs—there are a variety of light-duty NGVs available. In most regions, the use of natural gas as a transportation fuel is for the purpose of reducing the usage of imported crude oil or imported refined gasoline. Tags: Natural Gas

2009 225

Forecast: 17M Natural Gas Vehicles Worldwide by 2015

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Cleantech research firm Pike Research forecasts growth in natural gas vehicles (NGV) on the road worldwide to 17 million units by 2015, up from 9.7 The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. In most regions, the use of natural gas as a transportation fuel is for the purpose of reducing the usage of imported crude oil or imported refined gasoline. Tags: Conversions LNG Market Background Natural Gas

2009 161

IEA working paper highlights potential role of natural gas in reducing global road transport CO2

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The global natural gas vehicle fleet has grown rapidly in the last 10 years, but still represents less than 1% of global transport fuel consumption. A new working paper published by the International Energy Agency (IEA) concludes that natural gas can play a significant role in cutting on-road vehicle carbon dioxide emissions, but that over the long term there will need to be a commitment to transition to very low CO 2. gas sources, such as biogas or bio-synthetic gas.

2010 184

Global Gas Prices | Hybrid Sales

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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

Pike Research forecasts global NGV sales to hit 3.2M units annually by 2016

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According to a new report from Pike Research, worldwide natural gas vehicle (NGV) sales will increase at a healthy pace over the next several years, rising from 1.9 Natural gas refueling station development is not expected to achieve the same growth rate, but will reach nearly 26,000 stations worldwide by 2016. The growth in vehicles will lead to growth in usage of natural gas for transportation fuel, which Pike expects to reach 19,123 million cubic meters of gas globally (6.7%

2011 191

2018 Environmental Performance Index: Air quality top public health threat

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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 249

IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

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This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency, as well as structural changes in the global economy. The decline was driven by a surge in shale gas supplies and more attractive renewable power that displaced coal. For the first time, electricity generation from natural gas was higher than from coal last year in the United States.

2017 183

Global CO2 emissions stalled for the third year in a row

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The annual assessment of global greenhouse gas (GHG) emissions by the JRC and the Netherlands Environmental Assessment Agency (PBL) confirms that CO 2 emissions have stalled for the third year in a row. Emissions are increasing in other developing countries: 6% for Indonesia and Malaysia; 9% for Pakistan and 12% for the Philippines. CH 4 is mainly generated by agricultural activities, the production of coal and gas, as well as waste treatment and disposal.

2017 150

Saudis Expand Price War Downstream

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The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. Given current market conditions, the Asian demand for diesel has reduced mainly due to the weakening Chinese market, while demand for gasoline is increasing in India, Pakistan, Thailand, the Philippines and Vietnam. Gaurav Agnihotri is an ME and an MBA-Marketing, and an oil and gas professional based in India. by Gaurav Agnihotri for Oilprice.com.

2015 184

International study identifies 14 key measures to reduce methane and black carbon emissions; reduction in projected global mean warming of ~0.5 °C by 2050

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Methane is both a potent greenhouse gas and an important precursor to ground-level ozone. Ozone, a key component of smog and also a greenhouse gas, damages crops and human health. Seven measures target CH 4 emissions, covering coal mining, oil and gas production, long-distance gas transmission, municipal waste and landfills, wastewater, livestock manure, and rice paddies. Iran, Pakistan and Jordan would experience the most improvement in agricultural production.

2012 218

Axial Vector and Kirloskar Oil Engines Forming JV for Mass Production of Axial-Type Engines

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The AVEC engines can use multiple fuel types, including diesel, JP5 and JP8 military fuels, kerosene, bio-diesels, ethanol, and other blends of these fuels, with a special conversion kit available for the combustion of natural gas or propane. The marketing rights of the joint venture company will extend to all South Asian Association for Regional Cooperation (SAARC) countries: India, Sri Lanka, Nepal, Bhutan, Maldives, Bangladesh and Pakistan.

2010 185

Study links air pollution and cyclone intensity in Arabian Sea; suggested solutions include diesel filters and two-stroke engines running on LPG fuel

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Because of the large-scale dimming by ABCs, they have a mitigating effect on the warming of the ocean in the region that’s also associated with greenhouse gas-driven climate changes. Cyclone Phet in 2010 struck the coastlines of Pakistan and Oman and caused nearly $2 billion in damage. Scientists are working to better understand atmospheric brown clouds and their effects. Credit: Nicolle Rager Fuller, National Science Foundation Click to enlarge.

2011 214

Secretary of the Navy Sets Target for 50% of Total Energy Consumption from Alternative Sources by 2020; Role for Biofuels and EVs

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fossil fuel consumption has a deep impact upon our forces and our force structure, both in terms of the resources required to get fuel and to move it to the ships, tanks, aircraft, and equipment that need it, and in the Sailors and Marines whose duty it is to protect the ships or convoys moving the gas.

2009 254