Global, Industry, International and Oil

Hydrogen Heavy Duty Vehicle Industry Group signs agreements to industrialize 70 MPa high-flow refueling; H70HF

Green Car Congress

OCTOBER 9, 2021

The Hydrogen Heavy Duty Vehicle Industry Group—comprising Air Liquide, Hyundai, Nel Hydrogen, Nikola Corporation, Shell and Toyota—has signed agreements with Tatsuno Corporation and Transfer Oil S.p.A. to industrialize globally-standard 70 MPa hydrogen heavy-duty vehicle high-flow (H70HF) fueling hardware components.

Industrial

Industrial Industry Hydrogen Vehicles

DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

Green Car Congress

MAY 5, 2023

The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.

Oil

Oil Grant Gas Industrial

Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

APRIL 1, 2022

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). million barrels of sweet and 200,000 barrels of sour crude oil. President George W.

Oil

Oil Ukraine Libya Iraq

UH researchers developing autonomous robot for subsea oil and gas pipeline inspection

Green Car Congress

SEPTEMBER 1, 2023

To reduce the number of accidents in the global oil and gas industry caused by damaged pipelines, University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. When larger spills happen, pipelines are often the culprit.

Oil

Oil Gas Chevron Houston

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

NOVEMBER 14, 2022

The Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data , including an updated full-year projection for 2022. Global fossil CO 2 emissions are expected to grow 1.0% (with an uncertainty range of 0.1% The decline in 2020 of -5.2% increase in 2021.

Global

Global Emissions Carbon Coal

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

JULY 21, 2022

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2023.

Global

Global China Kuwait Oman

The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

FEBRUARY 28, 2019

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

Oil

Oil Industrial Industry Financing

S&P Global: increasing trade of low-carbon biofuel feedstocks heightens supply constraint concerns

Green Car Congress

JUNE 8, 2023

Animal fats and used cooking oil are increasingly joining the likes of lithium, cobalt and copper as energy transitional materials where supply constraints are of growing concern, according to a new analysis of trade flows by S&P Global Commodity Insights Agribusiness Consulting group.

Carbon

Carbon Supplies Global North America

Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

JULY 30, 2019

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

Saudi Arabia

Saudi Arabia Oil 2018 Global

IEA forecasts world oil demand to hit record 101.9 million b/d in 2023; non-OECD to account for 90% of growth

Green Car Congress

APRIL 15, 2023

In its April Oil Market Report , the International Energy Agency (IEA) forecasts that world oil demand will climb by 2 mb/d in 2023 to a record 101.9 OECD demand, dragged down by weak industrial activity and warm weather, contracted by 390 kb/d y-o-y in 1Q23, its second consecutive quarter of decline. mb/d versus 4.6

Oil

Oil Ukraine Russia Brazil

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

AUGUST 7, 2020

After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. —Jon Moore, CEO of BNEF.

Gas

Gas Global Industrial Industry

IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

MARCH 6, 2018

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil

Brazil Norway Oil Canada

Taylor Machine Works and Cummins to integrate hydrogen engines into Taylor lift trucks and container handlers

Green Car Congress

AUGUST 13, 2023

Cummins and Taylor Machine Works, a leading US manufacturer of heavy industrial lift equipment, signed a letter of intent with plans to integrate the Cummins 6.7-liter This collaboration will help realize the decarbonization goals of industrial steel, wood products, concrete, oil and gas, and port operations markets.

Hydrogen

Hydrogen Engine Carbon Grid

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

OCTOBER 7, 2021

In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency. —Stephen Nalley.

Global

Global Energy Emissions Asia

Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil; up to 80% GHG emission reduction

Green Car Congress

MAY 19, 2022

Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine 0.1 The sustainability characteristics of the co-processed marine fuel are certified with International Sustainability and Carbon Certification (ISCC PLUS) with a mass balance approach.

Mariner

Mariner Oil Emissions Fuel

International automotive researchers emphasize the importance of continued development of the internal combustion engine

Green Car Congress

OCTOBER 9, 2019

Thirty-seven globally prominent scientists representing the International Journal of Engine Research have published an open-access editorial addressing the future of the Internal Combustion Engine, and stressing the importance for continued development of more efficient and even lower-emitting technologies. —Reitz et al.

International

International Engine Exhaust Emissions

EY: oil & gas megaproject overruns to cost industry more than $500B

Green Car Congress

AUGUST 15, 2014

A new report by EY finds that 64% of multibillion-dollar, technically and operationally demanding oil & gas megaprojects continue to exceed budgets, with 73% missing project schedule deadlines. Source: EY Megaprojects oil and gas report. —Axel Preiss, EY’s Global Oil & Gas Advisory Leader. Click to enlarge.

Oil

Oil Industrial Industry Gas

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

Oil Prices

Oil Prices Oil Industrial Industry

LG Chem, Dansuk JV to build Korea’s first next-generation hydro-treated vegetable oil plant

Green Car Congress

SEPTEMBER 3, 2021

LG Chem and Korean biodiesel producer and exporter Dansuk Industrial will form a joint venture to build Korea’s first next-generation hydro-treated vegetable oil (HVO) plant. HVO is a next-generation bio-oil produced through hydro-treatment of vegetable raw materials such as waste cooking oil and palm by-products.

Oil

Oil Building Waste International

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

MAY 31, 2020

The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

Global

Global Energy Coal 2020

EU research project IDEALFUEL seeks to develop marine low-sulfur heavy fuel oils from biomass; Bio-HFO

Green Car Congress

JUNE 26, 2020

In an EU-funded research project, an international consortium is aiming to develop new production methods for sustainable marine fuels to replace heavy fuel oils in shipping. In addition, the International Maritime Organization (IMO) is seeking to ban HFO use in Arctic waters. The participants are Vertoro B.V. (NL);

Mariner

Mariner Oil Fuel Cleaner

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

MAY 24, 2017

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. shale production will continue to grow along with global demand. shale production will continue to grow along with global demand. oil may not be able to fill.

Oil Prices

Oil Prices Oil Saudi Arabia Price

Global Industry Alliance (GIA) launched to support low carbon shipping

Green Car Congress

JULY 5, 2017

Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, and oil companies have signed up to a new Global Industry Alliance (GIA) to support transitioning shipping and its related industries towards a low carbon future.

Industrial

Industrial Industry Global Carbon

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

MAY 22, 2019

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins. —Gabriel Collins.

Oil Prices

Oil Prices Gasoline-Electric Gasoline Oil

Biosynthetic motor oil receives highest industry performance certification; demonstrates improved fuel economy

Green Car Congress

NOVEMBER 11, 2014

Biosynthetic Technologies has received ILSAC GF-5 certification on both SAE 5W-20 and 5W-30 grade passenger car motor oil (PCMO) formulations using its Biosynthetic Base Oil. ILSAC GF-5 represents the latest performance standard set by the International Lubricant Standardization and Approval Committee (ILSAC).

Fuel Economy

Fuel Economy Oil Economy Motor

Bloom Energy and Samsung Heavy Industries team up to build ships powered by solid oxide fuel cells running on natural gas

Green Car Congress

SEPTEMBER 26, 2019

Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, today are collaborating to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology. Today, 80% of the world’s shipping fleet runs on heavy fuel oil, or bunker fuel. Bloom Energy Servers use natural gas, biogas or hydrogen as fuel.

Gas

Gas Industrial Industry Mariner

IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

DECEMBER 12, 2021

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price

Price Oil Asia Gas

1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

Baua Electric

MARCH 2, 2024

Photo: Tesla Without EVs, solar, wind, and nuclear, the global rise in emissions in the last five years would have been three times larger, new International Energy Agency (IEA) analysis shows. The post 1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA appeared first on Bauaelectric Auto News.

Global

Global Oil Sale Coal

IEA raises forecast global oil consumption in 2013 to 90.8 mb/d

Green Car Congress

JANUARY 18, 2013

In its latest Oil Market Report , the International Energy Agency (IEA) raises its forecast for global consumption of oil to 90.8 Global crude oil supplies fell by 170 kb/d in December, to 91.2 Average OPEC crude output reached an historic high in 2012 in the wake of continued global demand growth.

2013

2013 Saudi Arabia Oil Global

Topsoe enters agreement with Steeper Energy to introduce complete waste-to-biofuel solution

Green Car Congress

JANUARY 27, 2023

Topsoe and Steeper Energy , a developer of biomass conversion technologies, signed a global licensing agreement for a complete waste-to-fuel solution. The process conditions are carefully chosen to promote reaction pathways that favor high yields of high-quality renewable oil.

Waste

Waste Energy Oil Conversion

IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

Green Car Congress

APRIL 27, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

Oil

Oil 2016 Oil-Sands Global

Global Bioenergies receives 13 LOIs for purchases covering the capacity of its renewable isobutene and derivatives plant

Green Car Congress

NOVEMBER 28, 2018

Global Bioenergies has received 13 letters of intent from French and international industrial leaders for purchases totaling 49,000 to 64,000 tons of isobutene and derivatives annually. The letters of intent come from the cosmetics, specialty fuels, road fuels and air transport industries.

Purchase

Purchase Global Renewable Financing

H2Carrier and Anori developing PtX project in Greenland; production of green ammonia on floating platform P2XFloater

Green Car Congress

JANUARY 6, 2023

Green ammonia will be stored in tanks onboard the vessel, then exported to smaller shipping vessels and carried to the international market for ammonia. This large project will enable Greenland to play a key role within global decarbonization. Earlier post.)

Green

Green Production Wind Norway

bp and Maersk Tankers carry out successful trials of B30 in two tankers

Green Car Congress

DECEMBER 27, 2021

Each vessel was supplied with bp Marine B30 biofuel, consisting of 30% fatty acid methyl esters (FAME) blended with very low sulfur fuel oil (VLSFO). FAME is a renewable alternative fuel (biodiesel) largely produced from recycled cooking oils and renewable oil sources.

Mariner

Mariner Africa Oil Netherlands

IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

Green Car Congress

OCTOBER 2, 2019

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil

Oil Gas Oil Prices Water

IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

OCTOBER 12, 2012

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA).

Oil

Oil Oil-Sands Global Oil Prices

IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

Green Car Congress

MAY 14, 2019

Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Global energy investment totalled more than US$1.8

2018

2018 Global Energy Coal

BloombergNEF: electrics to take 57% of global passenger car sales, 81% of municipal bus sales by 2040

Green Car Congress

MAY 16, 2019

BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. Our conclusions are stark for fossil fuel use in road transport.

Sale

Sale Global Cars Electric

New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Green Car Congress

JUNE 10, 2013

Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.

Oil

Oil Algeria United States Argentina

Australias CSIRO Convenes Symposium on Engineering Plant-Based Oils to Replace Industrial Oils

Green Car Congress

JULY 8, 2010

Australia’s CSIRO is convening a meeting next week at which some 200 plant oil researchers will share their research into how renewable plant-based oils can be engineered to replace industrial oils that have traditionally been manufactured from petroleum. CSIRO Plant Industry Deputy Chief Dr. Allan Green.

Oil

Oil Industrial Industry Engine

Doosan to develop Ceres-based SOFC system for ships

Green Car Congress

NOVEMBER 16, 2020

Ltd has signed a Memorandum of Understanding for the joint development of a solid oxide fuel cell (SOFC) system for marine propulsion and power generation with Navig8, a Singapore-based major shipping company which operates 140 chemical and oil tankers globally. Doosan Fuel Cell Co.,

South Korea

South Korea Mariner Singapore 2008

Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

APRIL 22, 2024

More than 1 in 5 cars sold globally this year is expected to be electric, with surging demand projected over the next decade, says a new International Energy Agency (IEA) report. The latest IEA Outlook report asserts that global EV sales are set to remain “robust” in 2024, reaching around 17 million by the end of the year.

Global

Global Sale Solar Cars

IEA says oil supplies may not keep up with demand

Green Car Congress

NOVEMBER 15, 2014

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

Oil

Oil Iraq Oil-Sands Supplies

Consolidated bioprocessing company Aemetis licenses plant oil hydroprocessing technology from Chevron Lummus Global for renewable jet and diesel

Green Car Congress

AUGUST 22, 2012

CH utilizes water to reduce hydrogen and catalyst consumption and quickly and inexpensively converts plant oils into stable intermediate oil products which are very similar to petroleum crude oil. a Maryland-based industrial biotechnology company developing products for the renewable chemicals and advanced fuels industries.

Chevron

Chevron Oil Renewable Diesel

Hydrogen Heavy Duty Vehicle Industry Group signs agreements to industrialize 70 MPa high-flow refueling; H70HF

DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

UH researchers developing autonomous robot for subsea oil and gas pipeline inspection

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

The $32-Trillion Push To Disrupt The Entire Oil Industry

S&P Global: increasing trade of low-carbon biofuel feedstocks heightens supply constraint concerns

Eni report: global oil reserves and oil production up in 2018 due to US

IEA forecasts world oil demand to hit record 101.9 million b/d in 2023; non-OECD to account for 90% of growth

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Taylor Machine Works and Cummins to integrate hydrogen engines into Taylor lift trucks and container handlers

EIA projects increases in global energy consumption and emissions through 2050

Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil; up to 80% GHG emission reduction

International automotive researchers emphasize the importance of continued development of the internal combustion engine

EY: oil & gas megaproject overruns to cost industry more than $500B

The Next Oil Price Spike May Cripple The Industry

LG Chem, Dansuk JV to build Korea’s first next-generation hydro-treated vegetable oil plant

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

EU research project IDEALFUEL seeks to develop marine low-sulfur heavy fuel oils from biomass; Bio-HFO

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Global Industry Alliance (GIA) launched to support low carbon shipping

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Biosynthetic motor oil receives highest industry performance certification; demonstrates improved fuel economy

Bloom Energy and Samsung Heavy Industries team up to build ships powered by solid oxide fuel cells running on natural gas

IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

IEA raises forecast global oil consumption in 2013 to 90.8 mb/d

Topsoe enters agreement with Steeper Energy to introduce complete waste-to-biofuel solution

IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

Global Bioenergies receives 13 LOIs for purchases covering the capacity of its renewable isobutene and derivatives plant

H2Carrier and Anori developing PtX project in Greenland; production of green ammonia on floating platform P2XFloater

bp and Maersk Tankers carry out successful trials of B30 in two tankers

IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

IEA: global map of oil refining and trade to be redrawn over next 5 years

IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

BloombergNEF: electrics to take 57% of global passenger car sales, 81% of municipal bus sales by 2040

New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Australias CSIRO Convenes Symposium on Engineering Plant-Based Oils to Replace Industrial Oils

Doosan to develop Ceres-based SOFC system for ships

Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

IEA says oil supplies may not keep up with demand

Consolidated bioprocessing company Aemetis licenses plant oil hydroprocessing technology from Chevron Lummus Global for renewable jet and diesel

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