ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

Green Car Congress

ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Woods said that ExxonMobil has faced numerous market downturns throughout its long history and has experience operating in a sustained low-price environment. ExxonMobil holds the leading acreage position in Brazil among international oil companies and added more than 450,000 acres in 2019, for a total of 2.5

2020 68

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

According to three new reports on “Promoting International Energy Security” issued by the RAND Corporation, because the energy purchases made by the US Department of Defense are not large enough to influence world oil prices—despite DoD requiring considerable amounts of fuel to function—cutting fuel use is the only effective choice to reduce what the Pentagon spends on petroleum fuels. In this case, we would expect petroleum prices to rise considerably.

2012 78

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GE study finds 5% of worlds natural gas production wasted per year by flaring

Green Car Congress

It is becoming increasingly clear that the next phase of flare gas eradication will require a major, coordinated effort from central and regional governments, oil and gas producers, technology providers, and the international community. If half of this flare gas (25 bcm per year) was captured and sold at prevailing domestic prices in Russia, the economic opportunity may exceed US$2 billion (65 billion rubles). Gas-flaring countries and trends. Click to enlarge.

2011 89

Transport Ministers endorse 2009 MPG Marathon in Coventry

Green Cars News

Both Ministers have sent letters of support for the annual two-day driving experiment, now in its 7th year, which is set to prove that motorists can save hundreds of pounds per year on their fuel bills irrespective of volatile pump prices. As well as ‘smarter’ driver training techniques, the MPG Marathon will showcase a number of fuel and carbon saving technologies that are being ‘guinea-pigged.’.

2009 32