CleanTechnica EVs

SEPTEMBER 1, 2023

Over the past five weeks, oil production cuts by Saudi Arabia, low U.S. On the Monday before the Labor Day weekend, August 28, 2023, the retail price of regular gasoline averaged $3.81 per gallon (gal) across the United States.

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Saudi Arabia Price Gas Gasoline 104

Green Car Congress

SEPTEMBER 15, 2019

Drones attacked two key Saudi Aramco sites in Saudi Arabia—the Abqaiq processing plant and the Khurais oil field—on Saturday; Houthi rebels claimed credit for the strikes. Saudi Aramco emergency crews contained the fires at the plants; the company announced the production suspension of 5.7

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Saudi Arabia Oil Production Light 220

Green Car Congress

MAY 24, 2017

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil. oil may not be able to fill.

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Oil Prices Oil Saudi Arabia 2020 170

Green Car Congress

OCTOBER 23, 2020

of GDP in China to nearly 6% of GDP in Saudi Arabia, where, despite two cycles of price hikes, 60% of the cost of energy products and services continued to be borne by the state. Saudi Arabia, for example, has “successfully reduced its long-standing discounts on fossil fuels, which, compounding over four decades, made it the world No.

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Saudi Arabia Global Fuel Oil 397

Green Car Congress

AUGUST 12, 2015

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. by Gaurav Agnihotri of Oilprice.com.

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Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

NOVEMBER 16, 2015

State-owned oil companies are retaining their dominant position in the world petroleum industry according to Energy Intelligence ’s annual ranking of the world’s top 50 oil and gas companies, which was published today in Petroleum Intelligence Weekly (PIW). The Top 50 companies produce 75% of global oil output.

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Oil Saudi Arabia Companies Venezuela 150

Green Car Congress

OCTOBER 14, 2013

One approach to delivering hydrogen for the stacks in fuel cell vehicles is via the on-board reforming of hydrocarbon fuels; such an approach obviates the need for on-board hydrogen gas storage technology and leverages the existing liquid fuels infrastructure. —Jeon et al. nm, which is ~3 times larger than that of grains. The LaCr 0.8

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Oil Hydrogen Gas Saudi Arabia 218

Green Car Congress

DECEMBER 14, 2010

Saudi Aramco, the state-owned national oil company, has selected GE for agreements totaling nearly $500 million to supply a broad range of equipment and services for an expansion of the Shaybah gas-oil processing facilities. billion standard cubic feet per day (scfd) of low-sulfur sweet gas and extract 264,000 bpd of NGL.

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Saudi Arabia Oil Gas Gas-Electric 186

Green Car Congress

OCTOBER 14, 2015

Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia’s oil refining industry as well.

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Green Car Congress

JANUARY 28, 2019

Saudi Aramco and Air Products signed an agreement to jointly-build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia. The use of hydrogen derived from oil or gas to power fuel cell electric vehicles represents an exciting opportunity to expand the use of oil in clean transport.

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Saudi Arabia Hydrogen Fuel Building 283

Green Car Congress

AUGUST 7, 2015

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. Now a prevailing sense that oil prices may stay lower for longer has hit the markets. In other words, oil traders are now feeling much gloomier about oil prices several years out than they were at the beginning of 2015.

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Green Car Reports

AUGUST 4, 2016

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens.

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Saudi Arabia Cheap Kuwait Oil 60

Green Car Congress

FEBRUARY 25, 2016

Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. But these are just the costs of lifting oil out of the ground. State-owned oil companies often have many more responsibilities than just producing oil.

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Green Car Congress

JULY 28, 2015

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy.

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Saudi Arabia Price Oil India 150

Green Car Congress

MAY 4, 2016

In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Energy Subsidy Reform in the Persian Gulf: The End of the Big Oil Giveaway” was co-authored by Jim Krane, the Wallace S.

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United Arab Emirates Oil Saudi Arabia Bahrain 150

Green Car Congress

JULY 16, 2017

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. News sources reported that the output from Saudi Aramco’s massive Manifa oilfield has been hit by a technical problem. Saudi August crude exports could fall to around 6.6

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Oil Libya Nigeria Qatar 186

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

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Oil Prices Oil Price Carbon 268

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. by Dalan McEndree for Oilprice.com. and $65.65

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Russia Oil Saudi Arabia Market 150

Green Car Congress

DECEMBER 31, 2011

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010. —US EIA.

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Oil Panama Saudi Arabia United Arab Emirates 297

Green Car Congress

JANUARY 19, 2012

The refinery will process 400,000 barrels per day (bpd) of Arabian Heavy crude oil and will produce high-quality transportation fuels that meet the most stringent refined product specifications for domestic and international markets. Sinopec, the biggest Asian-owned refiner operating in Asia, is also Saudi Aramco’s largest crude oil buyer.

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Saudi Arabia Oil Asia Gas 255

Green Car Congress

JUNE 13, 2012

Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%

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Coal Oil Renewable Saudi Arabia 261

Green Car Congress

JUNE 20, 2011

Repsol and Alliance Oil Company have signed a Memorandum of Understanding to form a joint exploration and production (E&P) venture that will serve as a growth platform for both companies in the Russian Federation, the world’s largest oil and gas producer. Repsol also owns a 74.9%

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Russia Oil Saudi Arabia Kazakhstan 210

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

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Green Car Congress

JUNE 23, 2016

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.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

JANUARY 22, 2015

Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time. Exporting gas is dumb. Exporting oil is dumber. The US imports almost half of the crude oil that we use. This means that the US will never be self-sufficient in oil. crude oil and condensate reserves.

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Saudi Arabia Energy Oil IDEA 150

Green Car Congress

MARCH 5, 2015

Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. In other words, oil is a volatile market, but prices are in a long term upward trend.

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Oil Prices Oil Price Saudi Arabia 150

Green Car Congress

NOVEMBER 14, 2015

Fuels technology is a critical area of research for Saudi Aramco where we are leveraging on our leading position in integrated oil and gas production and refining to invest in innovative solutions that will significantly improve efficiency and lower emissions from the (production) well-head to the (car) wheel.

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Saudi Arabia Detroit Fuel Engine 150

Green Car Congress

JUNE 14, 2011

For the first time since January, values for subcompact, compact and hybrid cars have started to decline in response to falling gas prices. The majority of strength this year has been driven by the rapid rise in gas prices, which peaked in May with a national average of $3.98, and since has declined steadily to $3.71

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Saudi Arabia Fuel 2011 Vehicles 231

Green Car Congress

MARCH 17, 2011

Saudi Aramco and China Petrochemical Corporation (Sinopec) signed a Memorandum of Understanding (MOU) related to the ongoing development of the Red Sea Refining Company (RSRC), a world-class, full-conversion refinery in Yanbu’ on the west coast of Saudi Arabia. one of the in-Kingdom gas exploration companies.

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Saudi Arabia Oil China 2014 170

Green Car Congress

MAY 13, 2021

Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Territories that were largely desert in the middle of the 20th century are now thriving oil economies.

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Fusion Green Hydrogen Oman 170

Green Car Congress

APRIL 13, 2013

a subsidiary of Saudi Aramco, the state-owned oil company of Saudi Arabia, inaugurated the Aramco Fuel Research Center (FRC), France. Aramco Overseas Company B.V. Aramco Overseas Company will soon be opening another office in Aberdeen, Scotland, focusing on drilling technologies.

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France Saudi Arabia Fuel Netherlands 218

Green Car Congress

OCTOBER 28, 2009

The upgraded Frame 7A gas turbine. Using next generation gas turbine technology to increase output and efficiency, GE Energy introduced an upgraded Frame 7FA heavy-duty gas turbine for 60 Hz power plants. A single 7FA gas turbine has around 17x more cubic volume than a standard school bus. Click to enlarge.

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Gas Power Powered Saudi Arabia 236

Green Car Congress

MAY 26, 2022

High pressure injectors for hydrogen are challenging because the small molecule size of the gas lends itself to leakage, but direct injection enables high compression ratios for improved efficiency and increased power and torque. Achates Power is backed by the Oil and Gas Climate Investments and other investors. Aramco Americas.

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Hydrogen Engine Saudi Arabia Universal 353

Green Car Congress

MAY 6, 2019

Nigeria or Algeria cannot do the same for their oil industry. Saudi Arabia and Kuwait might, and should be encouraged to do so. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. —Goldthau et al.

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Carbon Europe Climate Change Saudi Arabia 207

Green Car Congress

MARCH 21, 2011

The proposed refinery will be designed to process 200,000 bpd of Arabian crude oil and will produce high-quality refined products, such as ultra low-sulfur gasoline and diesel that meet current and future China products specifications. Al-Falih, Saudi Aramco's President and CEO. —Khalid A. Earlier post.). trillion cubic feet.

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Saudi Arabia Oil China Conversion 199

Green Car Congress

OCTOBER 21, 2009

The US Department of the Interior (DOI) is offering additional opportunities for energy companies to conduct oil shale research, development and demonstration (RD&D) projects on public lands in Colorado, Utah, and Wyoming. Earlier post.) Potential lessees may nominate up to 160 acres for RD&D. Earlier post.) Secretary Salazar.

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Oil Commercial Oil-Sands Wyoming 170

Green Car Congress

OCTOBER 9, 2011

billion barrels of proven reserves of crude oil, the largest, and 279 trillion cubic feet of gas reserves, the fourth-largest in the world. Saudi Aramco produced 7.9 Saudi Aramco produced 7.9 The Company manages 260.1

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