Remove Global Remove Kuwait Remove Price Remove Resource
article thumbnail

Consortium developing green hydrogen megaproject in Oman

Green Car Congress

An international consortium comprising OQ, which is the Sultanate of Oman’s global integrated energy company, InterContinental Energy, the leading dedicated green fuels developer, and EnerTech, a Kuwait government-backed clean energy investor and developer, is developing an integrated green fuels mega project in Oman.

Oman 284
article thumbnail

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. trillion of $3.05

article thumbnail

Landsat Proved the Power of Remote Sensing

Cars That Think

It was a difficult time in global politics, and much of his speech focused on the war in Vietnam, disputes in the Middle East, and strategic arms control. As an example, he noted the United States was in the process of developing new satellites to survey Earth’s natural resources. On 18 September 1969 , U.S.

Power 114
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ). percent of GDP in 2014. Natural gas data from Gazprom). billion respectively).

Russia 150
article thumbnail

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 US heavy oil resource approaches 100 billion. Of the total worldwide oil resources of 9–13 trillion barrels, 15% is estimated to be heavy (i.e., in 1988 to just above 2.3 Source: Chevron.

Chevron 244
article thumbnail

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. This scenario assumes a full global consensus for action on climate change. A wave of green globalization allows all countries to share in the benefits of decarbonization. Nigeria or Algeria cannot do the same for their oil industry. —Goldthau et al.

Carbon 207
article thumbnail

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.