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GE and Shenhua open coal gasification joint venture in China

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a 50:50 joint venture with Shenhua Group to advance the development and deployment of “cleaner coal” technology solutions in China. The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand. China contributed 68% towards the region’s total coal production in 2011.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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We believe these investments will yield significant production growth and reward our shareholders for years to come. By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 billion is planned for exploration and production activities, including major natural gas-related projects.

Chevron 170
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The transport sector—which depends almost entirely on oil products, with 93% of all the fuel used in the sector being oil-based in 2010—remains the main driver of global oil demand as economic growth increases demand for personal mobility and freight. Electric vehicles. Click to enlarge.

Oil 247
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Opinion: Uranium Prices Set To Double By 2018

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But the toxicity levels have dissipated, and nuclear energy is rebounding as a cleaner power source with next generation safeguards. Currently, the world is increasingly recognizing nuclear energy as the cheaper, cleaner, and greener option—as indicated by the number of reactors being built. As a result, supplies are dwindling.

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