Big Oil Betting On Electric Vehicles

Green Car Congress

Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Royal Dutch Shell Plc sees a similar trend with oil demand in transportation flattening out in the near future. Electric (Battery) Forecasts Oilby Jon LeSage for Oilprice.com.

2017 40

ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Green Car Congress

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. billion recoverable oil-equivalent barrels. The country was under explored and no significant oil discoveries were made until 2015.

2018 37

Trending Sources

This Is Why You Don’t Take Money From Oil Companies For Your Schools

Creative Greenius

When Chevron, or Phillips 66, or ExxonMobil or E&B oil companies give schools and nonprofits funding money they do it for one reason only. Sold them out to the very oil companies who are destroying their chance of having a decent future.

2015 70

The oil industry doesn't care about electric cars: here's why

Green Car Reports

And it goes something like this: "Big Oil and Gas are on the verge of collapse, as clean energy and electric cars make them obsolete." DON'T MISS: Electric cars pose little threat to oil demand. Gasoline emissions oil plug-in cars fossil fuelsIt crops up in comments from electric-car advocates and clean-energy users fairly regularly. Occasionally the sentiment is followed by an approving emoji.

American Refining Group taking 1/3 stake in Amyris/Cosan Novvi JV; accelerating commercialization of renewable base oil and lubricants

Green Car Congress

formed in 2011 to produce renewable base oils and lubricants from Amyris’ Biofene—Amyris’s brand of a renewable, long-chain, branched hydrocarbon molecule called farnesene (trans-ß-farnesene). Bio-hydrocarbons Lubricating Oils Oil Synthetic Biology

2016 38

Which oil companies invest in renewables, electric-car services?

Green Car Reports

If electric cars are adopted by mass-market buyers in years to come, that will lead over time to notably lower oil consumption. So what are oil companies doing to prepare for that possible outcome? Europe oil plug-in cars Shell renewable energy fossil fuelsSome continue to doubt whether electric cars will constitute a serious threat to their business in the coming decades—but others are branching.

World Bank will stop funding oil, gas exploration in 2019

Green Car Reports

Gasoline oil global warming climate change energy diesel fuel fossil fuelsIt's not just the world automotive industry that's grappling with rapid changes brought about by the need to reduce the effects of climate change. The world's fossil-fuel extraction, refining, and delivery industries are also faced with the reality that two centuries of burning their core products hurts the planet and has already exacerbated.

Electric cars pose 'resoundingly negative' threat to oil companies: analyst Fitch

Green Car Reports

It goes without saying that mass adoption of electric cars would lead to a massive decrease in oil consumption over time. So far, though, the oil industry hasn't seemed to give plug-in electric cars much attention. oil Batteries plug-in cars renewable energy Investment fossil fuelsExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than 10 percent of global new-car sales.

Plug 40

California oil producer applies for LCFS credits for producing crude oil using solar-generated power

Green Car Congress

Under California’s Low Carbon Fuel Standard (LCFS), crude oil producers may generate credits for oil that has been produced using innovative methods and delivered to California refineries for processing. Seneca Resource Corporation (Seneca) has applied for LCFS credits for producing crude oil using solar generated electricity. In 2012, Seneca acquired a portion of assets in the east Coalinga oil field, located in the western Fresno County, Ca.,

2016 35

French oil company Total agrees to buy battery maker Saft

Green Car Reports

Now French oil and gas company Total has agreed to buy. Green battery pack energy infrastructure energy storage lithium-ion oilEnergy storage has never been the subject of more research, capital investment, and business interest than it's experiencing in this decade. With lithium-ion cells at the forefront of both electric cars and stationery batteries used to store renewable energy for later use, batteries are hot.

Store 35

Big Oil To 'Lose Control Of Auto Industry': Energy Conference

Green Car Reports

oil energy policy plug-in cars energyIt's not uncommon for media commenters to look at electric-car sales numbers, only to conclude that the segment is teetering on the brink of death. Electric cars will never become mainstream, they argue, because of fickle consumers who base their-car purchases on what the price of gas happens to be the moment they walk into a dealership. Yet while.

Oil in ground may be worth less, Exxon concedes, unhappily

Green Car Reports

As low oil prices remain steady, many oil companies have been forced to write down the value of their reserves. It's something oil giant ExxonMobil has resisted, even as its revenues have dropped. billion barrels of oil-sand reserves, and 1 billion barrels of other North American oil. oil Exxon fossil fuelsBut the company is now expected to reassess the value of 3.6

The “Amazon Effect” Is Coming To Oil Markets

Green Car Congress

While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. Mills , believe we are on the verge of an oil industry transformation of proportions identical to the transformation that Amazon prompted in retail. The Internet of Things is entering oil and gas, and so are analytics and artificial intelligence. Internet of Things Market Background Oil

Will electric cars cause oil price to crash? Navigant says no

Green Car Reports

As electric cars become more widespread, they have the potential to drastically reduce the need for oil. That will lead to reduced transportation-related carbon emissions and lower costs for consumers, but what affect will it have on the oil industry? Economic oil plug-in carsThis question has sparked a bit of debate among analysts. DON'T MISS: Multiple Trends Turning.

Plug 35

Saudi Arabia will have $2 trillion to figure out an economy after oil

Green Car Reports

Oil-rich Saudi Arabia could find itself in a vulnerable position if world economies shift away from fossil fuels for transportation over the coming decades. The Middle Eastern kingdom is now preparing for that eventually, socking away money for a post-oil economy. oil Middle East energy policy transportation policy Saudi Arabia

CSIRO licenses technology to Amfora for production of oil in leaves and stems of plants; participates in Series A

Green Car Congress

CSIRO researchers have enabled the production of oil in the leaves and stems of plants as well as the seeds—a potential game-changer in the global production of renewable oils. Starch granules are white, oil droplets green.

2017 46

When Will Russia Run Out Of Oil?

Green Car Congress

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 When will Russia run out of oil? Arctic Market Background Oil Russia

Even The Oil Industry Asks: Does Tesla Mean The End Of Hydrocarbon Fuels?

Green Car Reports

oil Tesla Motors plug-in cars fossil fuelsIt's not just the cars made by electric-car startup Tesla Motors, or the fact that it's the first new automaker in decades that appears to have a serious chance of long-term success. The Silicon Valley company is also viewed as a potential disruptor of established players. In just three years, the Tesla Model S has emerged to become a legitimate.

Motor 46

Global oil demand could peak by 2020, says Shell

Green Car Reports

The rise of electric cars has led many analysts to make predictions about the future of the oil industry. oil plug-in cars Shell fossil fuelsExxonMobil and OPEC have both made statements indicating confidence that the majority of vehicles on the world's roads will continue to be powered by fossil fuels for the next few decades. But Shell recently made a prediction that is a bit.

Plug 24

Oil Hauler Brings Electric Cars To Heart Of Oklahoma Oil Country

Green Car Reports

plug-in cars oil well youtube Plug-in America OklahomaThe event that started out as National Plug-In Day has now expanded into National Drive Electric Week.

Trump supported ethanol, but his team may not; is oil the reason?

Green Car Reports

oil EPA ethanol energy policy Donald TrumpAs President-elect Donald Trump's inauguration draws closer, confusion still surrounds many of his possible energy policies. During the campaign, Trump indicated that he supported ethanol, even while he called for expansion of domestic fossil-fuel production. In January, he said he supported the Renewable Fuel Standard, which mandates that growing.

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. per barrel oil in 2015 and 2016 respectively, while the October projections are based $51.62 Market Background Oil Opinion Russia

ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

Green Car Congress

However, oil will continue to play a leading role in the world’s energy mix, the report finds. per year; oil demand decreases about 0.4% Behavior Electric (Battery) Engines Forecasts Fuel Efficiency Hybrids Oil

2018 12

Opinion: Expect A Wave Of Consolidation In The Oil Industry

Green Car Congress

The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending. This also demonstrates how the OPEC strategy of maintaining an oil price ceiling is affecting US E&P companies, forcing a consolidation which I believe will be unprecedented in size and scope.

2015 23

West Coast Could Cut Oil Use In Half By 2030: Report

Green Car Reports

oil California energy policy Washington State OregonWhen it comes to purchasing and promoting electric cars and clean energy, the West Coast stands apart. California leads the nation in policies encouraging electric-car adoption, and Washington and Oregon aren't far behind. In fact, those three states may be poised to reduce their use of fossil fuels dramatically in coming years. DON'T MISS: West.

Electric Cars Could Slash UK Oil Imports 40 Percent In 15 Years: Study

Green Car Reports

Green Europe Study UK energy policy oil plug-in cars With high fuel prices and island locations on the same warming planet as every other sovereign state, the United Kingdom could benefit enormously from electric cars. Plug-in vehicles could not not only reduce greenhouse gas emissions and consumer "fuel" costs, but also moderate the health effects of air pollution created by a passenger fleet.

Multiple Trends Turning Slowly Against Oil, Says Rocky Mountain Institute

Green Car Reports

The cost of a barrel of oil is now just a fraction of what it was several years ago, and fuel prices have mostly fallen across the globe as a result. Oil prices rise and fall, but most industry analysts suggest that the emergence of North American production has loosened OPEC's ability to set prices unilaterally. Still, we hear less about the. Green Fuel Gasoline electric utilities energy natural gas renewable energy

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. oil Middle East energy policy United Arab Emirates Saudi ArabiaIn some cases, that means cutting back on cheap gas for their own citizens. DON'T MISS: Even Saudi Arabia vows to end its.

Second Toyota Mirai Video: Hydrogen Is Like First Oil Well

Green Car Reports

The town of Titusville, Pennsylvania, considers itself the birthplace of the oil industry. After locals struck crude near the appropriately-named Oil Creek, what is now viewed as the first commercial oil well was dug there.

SCF Group partners with Shell on LNG-fueled Aframax crude oil tankers

Green Car Congress

for the supply of liquefied natural gas (LNG) to fuel the first Aframax crude oil tankers in the world to be powered by LNG. They will be the first LNG-fuelled Aframax tankers and will operate primarily between the Baltic and Northern Europe transporting crude oil and petroleum products.

2017 37

EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

Green Car Congress

In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 EIA also forecasts that 2019 crude oil production will rise further to an average of 10.8 US crude oil production averaged an estimated 9.3 million b/d of crude oil production growth from December 2017 to December 2019. million b/d of crude oil by the end of 2019—roughly a 0.9 Forecasts Fuels Oil

2018 13

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Green Car Congress

OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion. Market Background Oil

2015 20

Even oil companies now acknowledge electric cars are coming

Green Car Reports

Now, even oil companies are starting to acknowledge that there may be reality in that dream of the future. France's Total SA, one of the world's largest oil producers, released its future. Advocates have long suggested that electric vehicles will begin to take over daily driving duties, slowly but surely, from the internal-combustion engine. emissions sales climate change plug-in cars

Sale 26

CA Climate-Change Bill Passed, Electric Utilities To Target Oil Industry

Green Car Reports

oil California climate change electric utilities state lawsLet's call this one a good news, bad news, good news story. On Friday, September 11, the California Senate approved SB 350, the Clean Energy and Reduction Act--by far the most far-reaching climate change legislation enacted in the U.S. The bill's provisions codify Governor Jerry Brown's goals of generating half the energy used in the state from.

Opinion: China To Continue Expanding Its Influence In The Oil And Gas Sector

Green Car Congress

Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia’s oil refining industry as well. But China’s oil investments didn’t stop there; they also pursued oil producing Canadian assets in 2011-12. The pipeline will transport crude oil from Russia to Daqing, China.

Cheap Oil Will Last A Decade, Says Huge Oil Trader

Green Car Reports

The low oil prices that boosted new-car sales and caused average fuel-economy gains to sputter last year may be here to stay, for a while at least. And those oil prices likely won't increase dramatically for the next. Fuel Gasoline oil energyWith fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers.

Oil sands production accounted for 28.8% of total Canadian gas demand in 2016

Green Car Congress

Alberta’s oil sands operations accounted for 28.8% From 2005 to 2016, natural gas purchased by oil sands projects more than tripled, from 0.73 Additionally, natural gas is used in oil sands mining to heat water to separate bitumen from sand.

2005 23

Electric-car incentives added in, remarkably, oil-rich Dubai

Green Car Reports

Battery-electric and plug-in vehicles often go overlooked in the oil-rich area, but even some of the world's largest crude-oil producers plan to reduce their addiction to black gold. Dubai, the second largest sheikdom in the United Arab Emirates, has introduced new incentives in an attempt to make electric cars more desirable.

Wind-powered offshore enhanced oil recovery concept moves closer to implementation

Green Car Congress

The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection.

2017 40

President Obama proposes 50% increase in spending on clean transportation, funded by $10/barrel tax on oil

Green Car Congress

President Obama has laid out a plan for building a “21st Century Clean Transportation System”, the investment for which would be funded by a new $10 per barrel fee on oil paid by oil companies, which would be gradually phased in over five years.

2016 40