Remove Building Remove Nigeria Remove Oil Remove Price
article thumbnail

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million b/d in 2022 and by an additional 1.6

Global 448
article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

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. By offering almost 2.8

article thumbnail

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Earlier post.).

Oil-Sands 225
article thumbnail

Junkyard Find: 1982 Peugeot 505S Turbodiesel

The Truth About Cars

I've found an oil-burning 505 in a boneyard in California's Central Valley, so let's take a look. The 504 stayed in production quite deep into the 21st century ( in Nigeria ), and the 505 was its ordained successor. The 504 stayed in production quite deep into the 21st century ( in Nigeria ), and the 505 was its ordained successor.

article thumbnail

This Nigerian Startup’s Minigrid Began as a School Project

Cars That Think

After he graduated from the Federal University of Technology in Owerri, Nigeria, his plan was to get a high-paying job at one of the multinational oil and gas companies based in the country. Orajaka says his off-grid system of the first of its kind developed and implemented in Nigeria. The IEEE member is GVE’s chief executive.

Nigeria 71
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. by Dalan McEndree for Oilprice.com.

Russia 150
article thumbnail

GE study finds 5% of worlds natural gas production wasted per year by flaring

Green Car Congress

Worldwide, billions of cubic meters (bcm) of natural gas are wasted annually, typically as a by-product of oil extraction. Depending on region, these may include power generation; gas re-injection (for enhanced oil recovery, gathering and processing); pipeline development and distributed energy solutions. Advance local solutions.

Waste 260