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2016 Ford Explorer SUV replaces 2.0L EcoBoost with new 2.3L EcoBoost unit; more power and torque, same fuel economy expected

Green Car Congress

EcoBoost four-cylinder it replaces, with no compromise in fuel economy anticipated. Ford Explorer is built in North America at Chicago Assembly Plant, as well as in Venezuela and now, Russia. The new 2016 Ford Explorer SUV is making its global debut today at Los Angeles Auto Show with a new available 2.3-liter Click to enlarge.

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Rosneft and PDVSA sign cooperation agreement on gas projects on Venezuelan shelf

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Rosneft’s President and Chairman of the Management Board Igor Sechin and Venezuelan Oil Minister and PDVSA President Rafael Ramirez, in the presence of the President Vladimir Putin, signed a cooperation agreement for implementation of offshore projects in Venezuela. Total reserves are estimated at 21 trillion cubic feet.

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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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In the United States, fuel-economy standards for passenger cars will curb gasoline demand with growth coming from the petrochemical sector, which is thriving thanks to low-cost ethane. In Venezuela, oil production has fallen by more than half in the past 20 years, and declines are set to accelerate.

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Opinion: How Much Longer Can OPEC Hold Out?

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With the huge reduction in its revenues and growing discomfort among its members such as Venezuela, Libya and Nigeria over its current production levels, is OPEC really getting weaker? Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. Nigeria’s dilemma.

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US 2nd-largest petroleum refinery to pay more than $5.3M for Clean Air Act violations

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Hovensa LLC, a joint venture between subsidiaries of Hess Corporation and Petroleos de Venezuela, S.A., and the owner of the second-largest petroleum refinery in the United States, has agreed to pay a civil penalty of more than $5.3

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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

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In the end, 188 countries voted in favor of the motion, with Cuba, Bolivia, Sudan, and Venezuela voting against it. Developed countries would reach agreement with emerging economies such as Brazil, China, and India as to whether or not emerging economies should set emissions reduction targets.

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Are The Saudis About To Reveal The Best Kept Secret In Oil?

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But while everyone believes Saudi Arabia has some of the largest oil reserves in the world, perhaps rivaled only by Venezuela, there has been a lot of uncertainty and skepticism over exactly how much sits beneath the Saudi desert. However, the collapse of oil prices since 2014 has pushed the Saudi budget deep into the red.