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Chevron sells 30% stake in Canadian Duvernay shale play to Kuwait Foreign Petroleum for $1.5B

Green Car Congress

Chevron Corporation’s indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached an agreement to sell a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc.,

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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

Green Car Congress

More recently, the 615,000 b/d Al Zour refinery in Kuwait—the largest in the country when it becomes fully operational—began initial operations earlier this year. The 400,000 b/d Jizan refinery in Saudi Arabia reportedly came online in late 2021 and began exporting petroleum products earlier this year.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

More recently, the 615,000 b/d Al Zour refinery in Kuwait—the largest in the country when it becomes fully operational—began initial operations earlier this year and the facility’s operators expect to increase production through the end of 2022.

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Kuwait Petroleum, Sinopec in $9B refinery joint venture in China

Green Car Congress

The Chinese government recently granted final approval for a joint venture project between Kuwait Petroleum Corporation (KPC) and China Petroleum and Chemical Corporation (Sinopec), one of the world’s largest refiners, to build a world-class refinery and petrochemical complex in south China.

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Polestar hits 2021 sales target of 29,000 vehicles, up 185% y-o-y

Green Car Congress

In the first half of 2022, Polestar plans to add Spain, Portugal and Ireland to its European market footprint, and enter the Middle East with presence in the UAE, Kuwait and Israel. Polestar increased its global presence from 10 to 19 markets in 2021, with growth in Europe and Asia Pacific.

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Kuwait Researchers Forecast Global Conventional Crude Oil Production Will Peak in 2014; New Multicyclic Hubbert Model

Green Car Congress

Scientists from Kuwait University and Kuwait Oil Company are forecasting that world conventional crude oil production will peak in 2014—almost a decade earlier than some other predictions. World crude oil production model. Credit: ACS, Nashawi et al. Click to enlarge. Their study is in published the ACS journal Energy & Fuels.

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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.

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Bounce Infinity Raises $20M in Funding from Existing Investors

Electric Vehicles India

The company ships to South Africa, Nepal, Kuwait, South America, and Sri Lanka. According to sources, three new models will be launched this year. The source claims the company wants to expand its export market. Innoven Capital, B Capital, Accel, Falcon Edge, Qualcomm, Maverick Capital, Chirate, and Omidyar Network are investors in Bounce.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. CCC and Fusion Fuel have agreed to cooperate on projects involving the production of green hydrogen for potential clients in the refining and petrochemical industries in order to reduce their carbon footprint.

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Borgward expanding to the Middle East; westwards from China

Green Car Congress

Borgward will systematically continue to globalize its activities by entering the markets of Middle Eastern countries such as Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE), and Iran. In accordance with this roadmap, the company will expand westwards from China before entering the European market.

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IEA: non-OPEC oil supply tops 43 mb/d for first time in decades; global demand to reach 92.4 mb/d in 2014

Green Car Congress

Renewed disruptions in Libya and smaller drops in Nigeria, Kuwait, the United Arab Emirates and Venezuela more than offset higher output in Iran, Iraq and Angola. Year-on-year, November supplies rose by 810 kb/d, as a 1.9 mb/d surge in non-OPEC liquids and OPEC NGL more than offset a 1.1 mb/d drop in OPEC crude.

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2018 Environmental Performance Index: Air quality top public health threat

Green Car Congress

São Tomé and Príncipe, Kuwait, and Timor-Leste also increased their ranking due to several factors, including the establishment of areas protecting biodiversity and habitat. Sustainability outcomes among emerging economies remains highly variable.

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Oil is cheap, so Kuwait raised its own gas price to compensate

Green Car Reports

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens. DON'T MISS: Even Saudi Arabia vows to end its.

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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

Green Car Congress

In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy.

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Tokyo Electric signs equity and additional LNG offtake agreements with Chevron for Wheatstone Project

Green Car Congress

In 2011, Chevron, together with Apache Energy and Kuwait Foreign Petroleum Exploration Company (KUFPEC), signed a binding sales and purchase agreement (SPA) to deliver up to 3.1 Located at Ashburton North, 7.5 MTPA and a domestic gas plant. MTPA to TEPCO for a period of 20 years.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

The Saudis, along with Kuwait and UAE have been defending the decision of not reducing the OPEC production levels in order to retain their global market share. Apart from being the largest exporter of the total petroleum liquids in the world, Saudi Arabia is also the main driving force behind the cartel''s stubborn supply policy.

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Study estimates ~4M children worldwide develop asthma each year because of NO2 air pollution

Green Car Congress

The country with the highest percentage of traffic pollution-attributable childhood asthma incidence was South Korea (31%), followed Kuwait (30%), Qatar (30%), United Arab Emirates (30%), and Bahrain (26%). The UK ranked 24 th out of 194 countries, the US 25 th , China 19 th , and India 58 th.

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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

Polestar is currently recognizing its active markets as Australia, Austria, Belgium, Canada, China, Denmark, Finland, Germany, Hong Kong, Iceland, Ireland, South Korea, Kuwait, Israel, Italy, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UAE, U.K., and the USA.

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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

On top of that, Kuwait’s envoy to OPEC said that Qatar, Kuwait and Oman were also complying with the cuts. In an interview with Bloomberg, Kuwait’s Nawal Al-Fezaia said that those countries already told customers that cuts were imminent. mb/d in December to 2.7 mb/d by the end of January.

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Oil price tumbles after OPEC releases 2015 forecast

Green Car Congress

The exceptions, the news agency reports, are Kuwait and Qatar. In fact this year’s price plunge hasn’t hurt just the weaker OPEC members. Bloomberg reports that oil prices now are too low for 10 of its 12 members to balance their governments’ budgets. What’s missing in this flurry of news, as of midday Dec.

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TransGas and SK EC team on West Virginia coal-to-gasoline project

Green Car Congress

SKE&C’s experience includes Korea’s largest oil refinery; the Cadereyta and Madero Refinery upgrades in Mexico; and full-scale refinery projects in Kuwait, UAE, Brazil and Ghana. During the operation of the integrated facility, air emissions are expected to be so low that it will qualify as a minor source under US law.

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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. For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Nigeria or Algeria cannot do the same for their oil industry. —Goldthau et al.

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Opinion: Who Will Be Left Standing At The End Of The Oil War?

Green Car Congress

Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. OPEC governments downsize their budgets, cut social spending and put big projects on hold to lower the breakeven price. So the breakeven is elusive.

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Ethanol Producers Group Calls for Congress to Repeal International Indirect Land Use Provision in RFS2

Green Car Congress

This was accompanied by a picture of convoys entering Iraq from Kuwait. The RFA followed that up later in the week with a second statement asserting that CARB and EPA failed to evaluate indirect petroleum GHG emissions related to reconstruction of Iraq and protection of the US oil supply.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

million), and its allies, UAE (2.87), Kuwait (2.8), and Qatar (.67), And if they can’t—and surely, though they are loath to admit it, they can’t—can they engineer a durable increase in prices—i.e., a durable decrease in output? At first glance, it seems impossible. Daily output from Saudi Arabia (10.5

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. If You’re a Free Range Oil Producer.

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Landsat Proved the Power of Remote Sensing

Cars That Think

The Defense Mapping Agency also regularly used Landsat data for terrain analysis in Kuwait during the Gulf War with Operations Desert Shield and Storm. As part of its War on Drugs, the CIA used Landsat imagery to reveal an increase of acreage committed to poppy in Afghanistan in 1985 and the resulting expanded opium trade.

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

Green Car Congress

They asserted that the their traditional method of stabilizing the oil market, production cuts, would not work since non-OPEC producers would increase output; second, that “market” forces would reduce investment and therefore increase prices in the medium and longer term and ultimately benefit all OPEC members; and third, that any Saudi increase in (..)

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EV Radar: May 2022

Noodoe

Isle of Man. Ivory Coast. Kazakhstan. Kyrgyzstan. Liechtenstein. Luxembourg. Madagascar. Marshall Islands.

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EV Radar: June 2022

Noodoe

Isle of Man. Ivory Coast. Kazakhstan. Kyrgyzstan. Liechtenstein. Luxembourg. Madagascar. Marshall Islands.

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The Real Reason for USA based Economic Recessions.

DIY Electric Car

It took the Iraqi invasion of Kuwait and the oil price rising from $21/barrel in August 1990 to $46/barrel by the middle of October. The fearless Federal Reserve inflation fighters where raising interest rates from 1986 to 1989 with little effect on economic activity. The economy was slowed by their actions but it didn?t t stop the economy.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

The operations in Kuwait and Iraq use approximately 431 million gallons of fuel per year. Skalny, Director, US Army TARDEC shared the following insights on fuel usage within the Department of Defense (DOD): Every $10/barrel increase in oil prices adds $1.3 billion/year to the DOD’s fuel bill.

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EV Radar: April 2022

Noodoe

Isle of Man. Ivory Coast. Kazakhstan. Kyrgyzstan. Liechtenstein. Luxembourg. Madagascar. Marshall Islands.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Putin has aligned Russia with OPEC’s have-nots—the members lacking financial resources to withstand low crude prices for an extended period and that have objected to Saudi policies (Iran, Iraq, Angola, Nigeria, Libya, Algeria, Ecuador, and Venezuela)—against the haves (Saudi Arabia, Kuwait, the UAE, and Qatar).

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

Chevron is taking its technology learnings from Kern River and apply them to Duri and other major heavy oil fields globally, such as Wafra in the onshore Partitioned Neutral Zone (PNZ) between Kuwait and Saudi Arabia and in the Orinoco in Venezuela.

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