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

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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). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. —Secretary General Sentyurin.

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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

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Asia now consumes more than 30 million barrels of oil per day—roughly the same as all of the Americas—but its oil production stands at roughly 9 million barrels per day, the report notes, leaving the region dependent on external sources for more than 70% of its petroleum—triple the import level of the Americas.

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This Startup Is Using AI to Help Keep Store Shelves Stocked

Cars That Think

Shoppers are seeing more and more empty shelves, as stores around the world struggle to keep products stocked. The product-unavailability rate increased from 5 percent to 15 percent during the past three years, according to the Consumer Brands Association. Employees counted each product and recorded the information on a platform.

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

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in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million units—a 10% drop from 2013; with politics impairing Argentina and Venezuela, and the economic climate weighing down markets like Brazil, Chile and Peru, where it may take a few years for demand to recover to previous highs.

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Adani Group’s USD 1.2-bn copper plant to boost India’s metal production – ET Auto

Baua Electric

India joins China and other nations that are rapidly expanding production of copper, a metal crucial for transition away from fossil fuels. Copper is the third most used industrial metal after steel and aluminium, and its demand is rising on the back of fast-growing renewable energy, telecom and electric vehicle industries.

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UOP looking to biomass catalytic pyrolysis to expand volumes of renewable hydrocarbon fuels

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Honeywell’s UOP—a major international supplier and licensor of technology for petroleum refining, gas processing, petrochemical production and major manufacturing industries—has also been an early leader in developing technologies for the production of renewable drop-in hydrocarbon fuels. Hydroprocessing.

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