article thumbnail

Agreements reached on trans-Guinean infrastructure in milestone for Simandou iron ore project

Green Car Congress

Rio Tinto and the Simfer joint venture (Simfer) reached an important milestone by concluding key agreements with the Republic of Guinea (West Africa) and Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the world class Simandou iron ore project. Aerial view of Simandou project.

Guinea 195
article thumbnail

BMW Group Plant Landshut light metal foundry recertified by Aluminum Stewardship Initiative (ASI)

Green Car Congress

The auditing criteria require evidence of material stewardship, such as a holistic lifecycle analysis for the company’s own products and a comprehensive recycling strategy, as well as compliance with standards for transparency, overall management and corporate integrity. The BMW Group has a long tradition of responsible use of aluminum.

Light 243
article thumbnail

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

Green Car Congress

ExxonMobil and its partners started production of oil at the Liza field in December 2019, less than five years after the first discovery of hydrocarbons and years ahead of industry average. Production in Guyana is expected to reach more than 750,000 gross barrels of oil per day by 2025. million net acres.

article thumbnail

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

Green Car Congress

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). It will see production rise across all regions of the world, with the exception of Europe, where it will decline by 70% by 2050.

article thumbnail

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

Green Car Congress

A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. Click to enlarge. The role that each party plays differs by region.

Waste 260
article thumbnail

Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

Green Car Congress

The project is slated to be the first plant in the US to produce Fischer-Tropsch GTL transportation fuels and other products from natural gas, according to Sasol. In partnership with Qatar Petroleum, it started up its first international GTL plant, Oryx GTL, in 2007. High temperature iron, for Secunda fuels and chemicals production.

Louisiana 210
article thumbnail

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

Green Car Congress

A fourth volume examining energy security in Nigeria and other nations in the Gulf of Guinea is scheduled for later publication. Notable examples of nations where security shortfalls are significantly impeding investment and production are Nigeria; Iraq; Sudan; and, most recently, Libya.

Price 225