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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

Green Car Congress

Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. Lease Sale 231 in the Central Planning Area and Lease Sale 225 in the Eastern Planning Area will be held consecutively in New Orleans, Louisiana, on 19 March 2014.

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EIA: US Permian Basin oil production and resource assessments continue to increase

Green Car Congress

Crude oil production in the US Permian Basin is expected to increase to an estimated 2.4 Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. billion barrels of hydrocarbon gas liquids. million b/d) in that month.

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

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3.0L I-4 EcoDiesel to make North American debut in 2014 Ram ProMaster van

Green Car Congress

Fred Diaz, President and CEO - Ram Truck Brand and Chrysler de Mexico, introduces the 2014 Ram ProMaster at the Chicago Auto Show. The Chrysler Group’s 2014 Ram ProMaster van, developed from the Fiat Ducato, will mark the the North American introduction of the 174 hp (130 kW) 3.0-liter The 2014 Ram ProMaster also offers a 280 hp 3.6-liter

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Kinder Morgan, Imperial Oil to build Edmonton crude oil rail terminal; $270M investment

Green Car Congress

Kinder Morgan Energy Partners L.P.and Imperial Oil formed a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. Accessing new and existing markets is critical for our continued growth and responsible development of Canada’s oil sands.

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Ferus Natural Gas Fuels commissions 1st merchant LNG facility in Canada

Green Car Congress

Ferus Natural Gas Fuels Inc. Ferus NGF) held the grand opening of the first merchant liquefied natural gas (LNG) facility in Canada. The facility, which became commercially operational in May 2014, is located in Elmworth, Alberta, about 65 kilometers southwest of Grand Prairie.

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US and Mexico sign agreement for development of transboundary oil and gas resources in Gulf of Mexico; access to nearly 1.5M acres of US Outer Continental Shelf

Green Car Congress

The US and Mexico have signed an agreement on the exploration and development of oil and natural gas reservoirs along the United States’ and Mexico’s maritime boundary in the Gulf of Mexico. As a result of this Transboundary Agreement—which Presidents Obama and Calderon had committed in 2010 to reaching—nearly 1.5

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