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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

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BASF and Russia’s Gazprom signed a legally binding basic agreement to swap assets of equivalent value. In October, Wintershall also substantially expanded its production and reserves of oil and gas in the North Sea through an asset swap with Statoil. billion barrel of oil equivalent. This is equivalent to a total of 2.4

Gas 218
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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Beginning with its February Short-Term Energy Outlook (STEO), EIA incorporated revisions to historical international liquids consumption data into the STEO’s international liquid fuels market balances. MTG units involve high capital costs and are only cost-competitive when oil prices are high. Click to enlarge. Background.

2000 150
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NREL examines potential of blending ethanol with condensate for flex-fuels and high-octane mid-level blends

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The study addresses two current market conditions: first, more ethanol is produced domestically than can legally be blended in E10 (the ethanol blend wall). The growth of light domestic crude oil is pushing natural gasoline out of the refinery. A paper on their work is published in the ACS journal Energy & Fuels. —Alleman et al.

Fuel 150
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Volkswagen Group invested €11.5B (US$12.9B) in R&D in 2014; ongoing focus on electromobility and digitalization of vehicles

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Speaking on the eve of the Geneva International Motor Show, Prof. Winterkorn also emphasized that Volkswagen remains committed to its environmental goals, and noted that the present low level of oil prices would not change that. Oil will not be as cheap as it is at the moment for ever. The Volkswagen Group invested €11.5

2014 150
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New Joint Research Centre Reference Report sets out options for reducing emissions from shipping

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Marine fuel oil has a very high sulphur content which ranges from a global average of 27,000 ppm (parts per million) to 10,000 ppm in Sulphur Emission Control Areas (SECAs). of Sulphur content by 2015, as is already the case in the EU ports due to EU legislation. The legal position on shipping emissions.

Emissions 199
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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

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Navigant suggests that, since the automakers have already designed the vehicles that they will be selling in 2018, they will become more vocal in 2014 to push for changes; the firm expects the dispute to escalate, perhaps resulting in legal action. The ICE is also likely to get efficiency improvements from electric oil and water pumps.

2014 346
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First Drive: 2016 Hyundai Sonata PHEV and HEV

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Hyundai will initially offer the Sonata Plug-in Hybrid in the ZEV states—California, Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island and Vermont—in 2015. The 6-speed AT features a high-voltage electric oil pump for improved efficiency. l/100 km) combined based on internal testing.

PHEV 150