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USGS new estimates of global undiscovered, technically recoverable conventional oil and natural gas, excluding US

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USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world. These new estimates are for conventional oil and gas resources only. Geological Survey (USGS) released today.

Oil 218
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Global Bioenergies adapts its bacteria to produce bio-isobutene from sucrose

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Global Bioenergies has adapted its bio-isobutene process, first developed with glucose as a resource, for the use of sucrose, the main component of sugar cane and sugar beet. The adaptation of the process to sucrose was one the first technical milestones set as part of “IBN-One”, the Joint-Venture between Global Bioenergies and Cristal Union.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. million bbl/d was crude oil.

Oil 297
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Study finds methane emissions from coal mines ~50% higher than previously thought

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In addition to coal mining, other major sources of methane emissions globally include wetlands, agriculture, and oil and gas facilities. Globally, coal mining is decreasing in the United States and Europe but increasing rapidly in other parts of the world, such as southeast Asia and India.

Coal 321
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. North America. North America continues to be an impetus to global light vehicle demand levels. South America. million units.

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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. Praxair, Inc.,

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Size of the diameter of the circle represents the size of the project.

Renewable 150