article thumbnail

Technip awarded contract for two hydrogen reformers in Venezuela to support expanded processing of Orinoco heavy crude

Green Car Congress

Technip was awarded a “significant” contract to supply its proprietary technology as well as engineering and procurement services for two hydrogen reformers in Venezuela. The bulk of Venezuela’s oil reserves in the Orinoco Oil Belt is formed by heavy and extra heavy crude oil.

Venezuela 170
article thumbnail

Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. The tight oil production phenomenon continued to increase the share of sweet light crudes, which rose above 20% worldwide. WTI, the US light crude, covers 60% of global growth.

article thumbnail

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

Green Car Congress

However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive. North America. from last year. million units.

2015 150
article thumbnail

Brookhaven team identifies active sites on catalysts for converting CO2 to methanol

Green Car Congress

The results, published in the journal Science , resolve a longstanding debate about exactly which catalytic components take part in the chemical reactions—and thus which should be the focus of efforts to boost performance. This research was supported by the DOE Office of Science.

Convert 170
article thumbnail

Mad Power thoughts

EV Info

Wind can indeed be light everywhere and the grid still needs vast extra investment to transfer wind power from northern Scotland to southern England. As for batteries,it would take billions of pounds to build ones that could keep the lights on for a few hours let alone a week. . Energy Solutions. Gas is the only answer.

Power 52
article thumbnail

State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

Green Car Congress

As part of the analysis, DOS commissioned a detailed study of greenhouse gas life-cycle emissions that compared Canadian oil sands crude with other selected reference crudes. The top four suppliers were Mexico, Venezuela, Saudi Arabia, and Nigeria. Dilbit is also processed to remove sand, water, and other impurities.

Oil-Sands 253
article thumbnail

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Venezuela, an OPEC member, has even proposed an emergency summit meeting. The Association of European Businesses in Russia recently announced that sales of new cars and light commercial vehicles contracted 29 percent in August year-over-year and forecast a 37 percent decline for all of 2015. Volatility is equally pernicious.

Russia 150