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These include the financing and construction of an oil refinery in the DRC to be owned jointly by both countries to meet regional demand for refined petroleum products, along with the construction of storage facilities for refined products. West-Central Coastal Province, West Africa.
John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. CFAE’s mission is to educate citizens and government officials about pragmatic, non-partisan affordable energy solutions. “ It’s not going to happen.
The tire tread compound is made of nearly all sustainable or recycled materials, including sunflower oils and rice husk ash silica, as well as pine tree resins and full natural rubber which replace synthetic, petroleum-based materials.
Eaton Corporation will develop an affordable home refueling station for natural gas vehicles, utilizing existing natural gas sources in the home and innovative compressor technology. The effort is funded in part by a $3.4-million million grant from the Department of Energy’s Advanced Research Projects Agency – Energy (ARPA-E) MOVE project.
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.
Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.
Just as the Middle East has been a strategic center in global oil politics, the Democratic Republic of Congo has become the epicenter for the raw materials needed for electric vehicles—especially cobalt.
China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Oil use grows, but in a narrowing set of markets.
But what if I told you there was an electric vehicle that was displacing twice as much oil as those electric cars? more… The post There’s an affordable EV out there displacing twice as much oil as electric cars appeared first on Electrek.
Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.
Scientists at Rice University have created a nanoscale detector that checks for and reports on the presence of hydrogen sulfide (H 2 S) in crude oil and natural gas while they’re still in the ground. Crude oil and natural gas inherently contain hydrogen sulfide, which gives off a “rotten egg” smell. —James Tour.
In a major new report on hydrogen, the International Energy Agency says that the time is right to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future. A wide variety of fuels are able to produce hydrogen, including renewables, nuclear, natural gas, coal and oil.
Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. China Electric (Battery) Fuel Efficiency Oil Policy' Consumption of gasoline in China grew from 0.9 This continues a trend of significant growth in China’s transportation sector since the 1990s.
The BLADE (Beaumont Light Atmospheric Distillation Expansion) project built a third crude unit within the facility’s existing footprint to expand light crude oil refining. This expansion is the equivalent of a medium-sized refinery and is a key part of our plans to provide society with reliable, affordable energy products.
The investments mark the first significant collaboration between a DAC developer and the energy industry, with two global energy leaders investing in DAC as a mechanism to reduce emissions from transportation and enable permanent capture of existing atmospheric CO 2 that can be utilized both in oil production and in direct synthesis of fuels.
billion, as the world’s population grows and more people in developing economies are able to afford cars. China will see the largest increase—more than 4 million oil-equivalent barrels per day. The outlook projects that oil and natural gas will continue to meet about 60% of energy needs by 2040. Transportation fuels.
Today, most hydrogen gas is produced using oil and gas.—Grey One family would need about 4 cubic meters of storage—the size of a regular oil tank. We wanted to design something sustainable that is affordable and can be used practically anywhere. The researchers, however, say that it should be affordable.
Royal Dutch Shell plc will not continue construction of the 80,000 barrel per day Carmon Creek thermal in situ oil sands project located in Alberta, Canada. This decision reflects current uncertainties, including the lack of infrastructure to move Canadian crude oil to global commodity markets. This is forcing tough choices at Shell.
One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer.
a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, is purchasing a 39% stake in Oberon Fuels, a San Diego, CA-based development-stage producer of low-carbon, renewable dimethyl ether (rDME) transportation fuel. Suburban Propane Partners, L.P.,
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.
This workshop will discuss, reassess, and prioritize demonstration and deployment efforts needed for the production of affordable, scalable, and sustainable drop-in hydrocarbons. The Bio-Oil Co-Processing: Expanding the Refinery Supply System Workshop will be held on 3 April in New Orleans, Louisiana.
Oil and Gas Fields: Maverick Oasis takes advantage of both stranded natural gas reserves and associated (flare) gas found when drilling for petroleum. In July, Maverick Synfuels and Petrostar Petroleum Corporation, a Canadian-based oil and gas exploration company, formed Maverick Northstar, Inc., Earlier post.).
France-based Total is the first oil supermajor aggressively to enter new areas of business including solar plus storage and distributed generation, notes Lux Research in a new report : “Superpower Darwinism: What Big Oil Can and Cannot Do About Total’s Billion-Dollar Battery Move.”. Asia challenges loom for battery acquirers.
The Funding Opportunity Announcement (FOA) anticipates two awards being made: the first for $7 million in the area of Carbon Capture and Storage (CCS) and fossil-fuel-based Clean Energy Systems (CES); the second for $2 million in the area of international oil and natural gas. International Oil and Natural Gas.
Goldman Sachs is preparing for the lapse of the Age of Oil, predicting big gains for the companies that continue to help expand the footprint of sustainable energy. However, Tesla isn’t the only car company that is listed , and cars are not the only topic that Goldman analysts are bullish on as the Age of Oil begins its imminent demise.
million barrels daily, including from Russia, to reverse the free fall of oil prices. A recent report from Capital Economics said Saudi Arabia has its problems but it could withstand lower oil prices without feeling too much of a pinch. Saudi Arabia cannot afford another slump in oil prices,” he warns. “It Kemp agrees.
The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil. Source: Lux Research.
The Ram ProMaster program affords us the opportunity to expand our powertrain portfolio with a new turbo diesel that delivers a brand of capability unique to the North American market. diesel comes from a number of design features, such as: Isolated oil pan. The 2014 Ram ProMaster also offers a 280 hp 3.6-liter I-4 EcoDiesel.
Affordable, Clean Cellulosic Sugars for High Yield Conversion. Alder Energy will convert miscanthus, a highly promising biomass crop, to SAF through their advanced pyrolysis oil technology, a process that utilizes heat, pressure, and solvents to deconstruct the miscanthus into oils for conversion to SAF. Renewable Natural Gas.
as a source for oleaginous microorganisms or enzymes supporting the digestion of raw sugars for the production of oil to be used as feedstock for biodiesel. In a paper in the journal Fuel , they note that the yield of ant oil is 16% dry weight and contains most of the fatty acids also found in other biomass resources.
Researchers at Wake Forest University and Virginia Tech report on their development of sulfonated carbon catalysts for the conversion of low-quality fats and oils containing high concentrations of free fatty acids into biodiesel in a paper in the journal Bioresource Technology. Deshmane, Marcus W.
The study also highlights the potential for blending GTL diesel in refineries with heavy crudes that require severe hydrotreating, such as Venezuelan heavy crude oil or bitumen derived from Canadian oil sands and/or in jurisdictions with tight aromatic specifications for diesel, such as California. GTL Lubricant Base Oils.
ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. billion barrels of discovered recoverable resource.
Which big electric truck can give other EVs 20 miles or more of range per hour? Why are EVs a traffic-safety threat, according to one of the major U.S. safety agencies? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending March 17, 2023. In a first drive of the 2023 Lexus RZ 450e, we found.
Depending on the axle pairing, the transmission affords final-drive ratios ranging from 2.15 These pistons, which benefit from cooling oil jets, reduce reciprocating mass inside the engine for enhanced efficiency and performance feel. The resulting flexibility affords optimal efficiency, power on demand and low-speed throttle response.
Additional savings will be calculated over the life of the vehicle, as gas fill-ups, oil changes, and other points of maintenance that are present with combustion engine vehicles are inferior with the Model Y. The post Tesla Model Y joins a new Police Force, and incentives made it an affordable purchase appeared first on TESLARATI.
The report comes at a time when demand for coal and natural gas is exceeding pre-COVID-19 levels, with oil demand also gaining rapidly, according to Reuters. Well-managed clean energy transitions are a solution to the issues that we are seeing in gas and electricity markets today—not the cause of them.
The new partnership brings together automakers, government agencies, gas suppliers, and the hydrogen and fuel cell industries to coordinate research and identify cost-effective solutions to deploy infrastructure that can deliver affordable, clean hydrogen fuel in the United States. By bringing together key stakeholders from across the U.S.
The single-speed gearbox is a plug-and-play and affordable solution to purchase a transmission to work with existing electric motors. Oil Capacity (l). A passive lubrication system minimises complexity, cost and power losses and will perform without needing an oil pump. Specifications. Input Torque (N·m). Standard/Open.
Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University. We don’t think of energy as a human right when it actually is.
Today’s deal makes the already low-cost option even more affordable, dropping down to $255 from its original going rate of $549. With the ability to ride for up to 15 miles on a single charge, it’s a great way to traverse your city without using any gas, oil, or effort. more… The post Segway’s refurb.
The transition to transportation electrification reduces dependency on oil and improves energy and national security. We cannot afford for V2G capabilities to be an afterthought during the electrification of our transportation system. But policymakers must act now.
The company powered its ecoDemonstrator 787 flight test airplane with a blend of 15% NExBTL renewable diesel from Neste Oil and 85% petroleum jet fuel in the left engine. Neste Oil can also produce a NExBTL synthetic paraffinic kerosene as a discrete, and already approved, commercial aviation fuel.).
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