article thumbnail

EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

Green Car Congress

The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 EIA forecasts the Brent crude oil price to increase the rest of 2023 and to approach $90 per barrel in late 2023.

Oil 370
article thumbnail

Aker Solutions wins FEED contract for e-Fuel plant in Norway

Green Car Congress

Aker Solutions has signed a contract with Nordic Blue Crude (NBC) for front-end engineering and design (FEED) of a new e-Fuel facility at Herøya in Porsgrunn, Norway. It will involve about 50 employees from Aker Solutions, primarily at the company’s headquarters in Fornebu, Norway.

Norway 418
article thumbnail

T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

Green Car Congress

Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

Oil 370
article thumbnail

TECO 2030 to set up giga factory for production of hydrogen fuel cells in Narvik, Norway

Green Car Congress

TECO 2030 ASA plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway. Through the initiative in Narvik, the company contributes to the Norwegian government’s ambition that Norway should build a complete value chain for the utilization of hydrogen as an energy carrier.

Norway 243
article thumbnail

Ammonia power company Amogy launches operations in Norway

Green Car Congress

a developer of energy-dense ammonia power solutions, opened its Norway operations with the hiring of Christian W. Berg, Managing Director, Amogy Norway. Norway is already developing ammonia refueling stations (bunkering locations) for ships. Amogy Inc.,

Norway 199
article thumbnail

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. World oil production fell for the first time since 2009 by 6.6 Production only increased in a few countries, mainly Norway (260,000 b/d) and Brazil (150,000 b/d). The oil price (Dated Brent) averaged $41.84/bbl

2020 397
article thumbnail

IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218