Eni signs agreement for the acquisition of a new ultra-deepwater exploration block offshore Pakistan

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Eni has signed an agreement with the Pakistani Authorities and the state oil and gas company OGDCL for the acquisition of 25% and the operatorship of exploration license Offshore Indus Block G, located in Pakistan’s Indus Basin. The block, which is approximately 7,500 square kilometers, is located in ultra deep water of an under-explored and promising area offshore Pakistan, Eni says. Oil and gas blocks offshore Pakistan.

Transmission Losses: More Oil Supply Trucks Bombed in Pakistan

Plugs and Cars

ISLAMABAD, Pakistan — Dozens of tankers carrying fuel to Afghanistan for NATO troops were torched near Quetta in western Pakistan on Wednesday, the third major attack on supplies since Pakistan closed one border crossing to Afghanistan a week ago and the first at the only checkpoint that remained open.

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

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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.

2015 192

Pakistsan State Oil Introduces E10 Gasoline in Karachi

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Pakistan State Oil (PSO) has introduced a 10% ethanol blend gasoline (E10) in Karachi. The country’s first ethanol outlet opened in Islamabad in July 2009. PSO will also open an E10 outlet in Lahore. E10 is part of the government’s strategy to promote alternate energy resources. The ethanol used is produced from molasses.

2009 179

Saudis Expand Price War Downstream

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The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. Fuels Market Background Middle East Oil

2015 184

Axial Vector and Kirloskar Oil Engines Forming JV for Mass Production of Axial-Type Engines

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Axial Vector Energy Corporation (AVEC) and Kirloskar Oil Engines (KOEL) have signed a binding memorandum of understanding (MOU) for a joint venture for the mass production of the Axial Vector axial-type, multi-fuel engines ( earlier post ). The marketing rights of the joint venture company will extend to all South Asian Association for Regional Cooperation (SAARC) countries: India, Sri Lanka, Nepal, Bhutan, Maldives, Bangladesh and Pakistan.

2010 185

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

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Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. Important projects in the offing include the Turkmenistan-China pipeline enhancement, TAPI (Turkmenistan-Afghanistan-Pakistan-India), and others. 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).

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Navigant forecasts global natural gas fleet of 34.9M by 2020

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Other factors, such as increased vehicle availability, a shortage of oil refining capabilities, tightening emissions restrictions, and increased energy security, are also fueling growth within specific countries. While China and Pakistan are the largest markets, Thailand and India are the fastest growing with compound annual growth rates of 18% and 12%, respectively, between 2013 and 2020. Cumulative natural gas vehicles in use by segment, world markets: 2013-2020.

2013 260

Forecast: Global Natural Gas Vehicle Fleet to Reach 17 Million by 2015

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Conversely, in Pakistan, Argentina, Brazil, Iran, and India—the top five markets for NGVs—there are a variety of light-duty NGVs available. In most regions, the use of natural gas as a transportation fuel is for the purpose of reducing the usage of imported crude oil or imported refined gasoline. A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth.

2009 225

Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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However, the collapse in global oil prices has eroded a significant portion of the natural gas cost advantage. In Asia Pacific, many markets are highly fractured with a number of competitors, although Suzuki remains strong in the key NGV markets of Pakistan and India. In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% from 2.4 million vehicles in 2015 to 3.9 million in 2025.

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Pike Research forecasts global NGV sales to hit 3.2M units annually by 2016

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Iran and Pakistan are expected to rank second and third, respectively. The primary growth drivers in these countries are the favorable economics of natural gas, the reduction of oil imports, the environmental benefits of lower greenhouse gas emissions, and the availability of vehicle and refueling stations. According to a new report from Pike Research, worldwide natural gas vehicle (NGV) sales will increase at a healthy pace over the next several years, rising from 1.9

2011 191

Forecast: 17M Natural Gas Vehicles Worldwide by 2015

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The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. In most regions, the use of natural gas as a transportation fuel is for the purpose of reducing the usage of imported crude oil or imported refined gasoline. Cleantech research firm Pike Research forecasts growth in natural gas vehicles (NGV) on the road worldwide to 17 million units by 2015, up from 9.7 million in 2008.

2009 161

International study identifies 14 key measures to reduce methane and black carbon emissions; reduction in projected global mean warming of ~0.5 °C by 2050

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Seven measures target CH 4 emissions, covering coal mining, oil and gas production, long-distance gas transmission, municipal waste and landfills, wastewater, livestock manure, and rice paddies. Iran, Pakistan and Jordan would experience the most improvement in agricultural production. National benefits of the CH 4 plus BC measures versus the reference scenario.

2012 218

MIT and IEA reports take different views of the future of natural gas in transportation

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On a life-cycle basis this advantage is reduced, the MIT report notes, because the GHG emissions in production and distribution, including methane leakage, are greater for natural gas than for oil products. More than 70% of all NGVs and one-half of all fuelling stations can be found in just five countries: Pakistan, Iran, Argentina, Brazil and India. million bpd of oil. mb/d, more than 12% of global oil demand in the road-transport sector in 2035.

2011 246

IEA working paper highlights potential role of natural gas in reducing global road transport CO2

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Depending on the context, NGV can have strong benefits in different countries including: improving air quality and reducing noise in urban areas; diverting oil from domestic consumption to export; improving energy security; and reducing government spending on road fuel subsidies. The paper uses Brazil, India, Iran, Pakistan, the US and Europe as case studies.

2010 184

Global Gas Prices | Hybrid Sales

Hybrid SUV Blog

Expert predictions about where oil and gas prices are headed vary widely. In July of 2008, oil futures hit their record high of more than $145 per barrel and several areas of the country neared $5/gal. While many others agreed (including executives at several auto makers) it is unlikely that higher taxes would be a popular approach to reducing our dependence on oil. Pakistan.

2010 78

Report Finds Water Stress Rapidly Becoming Key Strategic Risk to Commerce; Impending Water/Energy Collision

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Processes such as oil extraction from sources such as tar sands and deep-water offshore oil wells, as well as the expansion of first-generation biofuels such as corn-based ethanol are setting the stage for a “ water/energy collision ” of resource management policies. by Jack Rosebro. Water consumption or withdrawals per unit of energy produced, by energy type, in the United States. Source: DHI Group. Click to enlarge.

2009 150