article thumbnail

GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

Green Car Congress

explore opportunities to jointly develop, manufacture and sell equipment for use in Russia’s oil and gas industry. Rosneft is the leader of Russia’s petroleum industry, and ranks among the world’s top publicly traded oil and gas companies.

Oil 231
article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

This trend was already underway before the pandemic, due to cost-competitive gas in key sectors including power, industry and transport, and major regions including Europe, North America and Asia. MMbtu in Russia, $8.7/MMbtu

Gas 243
article thumbnail

Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

Green Car Congress

A new study , commissioned by the International Chamber of Shipping and prepared by Professor Dr. Stefan Ulreich from Germany’s University of Applied Sciences, finds that the global shipping industry will require the equivalent of the world’s entire current renewable energy demand in order to replace fossil fuel use.

Renewable 210
article thumbnail

New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Green Car Congress

Within the US, industry typically refers to tight oil production rather than shale oil production, because it is a more encompassing and accurate term with respect to the geologic formations producing oil at any particular well. (ARI) Algeria, Argentina, and Mexico), providing significantly more data for the 2013 study, EIA said.

Oil 281
article thumbnail

EIA: Global trade in liquefied natural gas grew by 4.5% in 2021

Green Car Congress

Bcf/d (4.5%) from 2020, according to The LNG Industry GIIGNL Annual Report 2022 by the International Group of Liquefied Natural Gas Importers ( GIIGNL ). Bcf/d and from Algeria by 0.2 An average of 49.0 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) was traded globally during 2021, an increase of 2.2

Gas 259
article thumbnail

Dow to invest in water desalination and reuse technologies in Saudi Arabia

Green Car Congress

The proposed facility would deliver local supply security of advanced technologies for water desalination and water re-use for potable, non-potable and industrial water serving Saudi Arabia, the surrounding Middle East and North Africa region and emerging markets worldwide. Earlier post.).

article thumbnail

SEAT to introduce 500 km MEB-based EV, Leon PHEV in 2020

Green Car Congress

Of this amount, €464 million (US$572 million) were earmarked entirely for R&D, a figure which represents close to 3% of the total R&D investment expenses in Spain, making SEAT the leading industrial investor in Spain. From 2013 to 2017, SEAT invested more than €3.3 billion (US$4.1

2020 239