Green Car Congress

NOVEMBER 27, 2013

Eni has been present in Venezuela since 1998. Within the country, Eni participates in the development of heavy oil block Junin-5, located on the Orinoco oil belt, which holds 35 billion barrels of oil equivalent in place, and started production last March. The pipeline is 25 km (15.5 billion barrels of oil equivalent).

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Venezuela Oil Gas Transportation 210

Green Car Congress

OCTOBER 11, 2013

The Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA), has signed agreements with two major Indian energy companies, Reliance and OVL, for work in Venezuela’s Orinoco heavy oil belt. Reliance Industries Limited (RIL) and PDVSA signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt.

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Venezuela Oil Corporation Gas 231

Green Car Congress

JULY 24, 2012

The Venezuelan national petroleum company Petróleos de Venezuela, S.A. According to Oil and Gas Journal (OGJ), Venezuela had 211 billion barrels of proven oil reserves in 2011, the second largest the world. billion barrels in 2010, due to the the inclusion of the massive reserves of extra-heavy oil in Venezuela’s Orinoco belt.

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Venezuela Oil Japan Engine 225

Green Car Congress

APRIL 10, 2015

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. Venezuela’s Woes. (Source: opec.org). All is not well for OPEC.

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Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

NOVEMBER 15, 2012

When the oil sands products refined in the United States are considered—a mixture of oil sands and lower-carbon blending components—the GHG emissions are, on average, 9% higher than the average crude processed in the US. Average values for WTW GHG emissions for oil sands and other crudes, tight boundary. Source: IHS CERA.

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Oil-Sands Oil Emissions United States 388

Green Car Congress

DECEMBER 9, 2011

Rosneft, the leader of Russia’s petroleum industry and majority owned (75.6%) by the state, and PDVSA, Venezuela’s state-owned oil and gas company, have signed a tentative memorandum of understanding (MoU) to set up a joint venture to develop heavy crude oil reserves in Venezuela as part of the Carabobo-2 project.

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Venezuela Oil Commercial 2015 170

Green Car Congress

FEBRUARY 25, 2016

Production cost and breakeven figures that analysts enjoy bandying can trap you in bubble of black-and-white mathematics that is a few brush-strokes shy of a full picture. 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.

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Saudi Arabia Oil Oil-Sands Iraq 150

Green Car Congress

JANUARY 7, 2018

In October, after ExxonMobil announced its fifth oil discovery after drilling the Turbot well, analysts at energy analytics company Wood Mackenzie observed that Guyana, which is currently a non-oil producing country, might soon become an oil and gas powerhouse in South America. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd.

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Guyana Oil South America Suriname 150

Green Car Congress

APRIL 27, 2017

It brings an additional cause of concern for global energy security at a time of heightened geopolitical risks in some major producer countries, such as Venezuela, the IEA said. There, investment rebounded sharply and output rose, on the back of production costs being reduced by 50% since 2014. In addition, 6.5

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Oil 2016 Oil-Sands Global 150

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. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.

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Saudi Arabia Price Oil India 150

Green Car Congress

AUGUST 12, 2015

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. The Saudis have kept their production levels high since last year in order to drive other players (especially US shale drillers) out of business.

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Oil Prices Saudi Arabia Oil Price 150

EV Info

SEPTEMBER 23, 2021

Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. Gas is the only answer. Climate Change.

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Powered Power Wind Coal 52

Green Car Congress

SEPTEMBER 29, 2012

Russian oil and gas major Rosneft, 75% owned by the government, will invest $16 billion in a planned joint venture project with Venezuela’s state oil and gas company PDVSA to develop the Carabobo 2 block in the southern Orinoco extra-heavy crude belt in Venezuela, according to Rosneft CEO Igor Sechin. billion tonnes.

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Venezuela Oil Oil-Sands Gas-Electric 257

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. A state-controlled entity can do whatever it wants including shutting in production to manipulate prices without fear of prosecution. production declines.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

JANUARY 19, 2012

Argentina and Venezuela will form a joint venture targeting production of 100,000 barrels of extra-heavy oil per day in the Junin field area of the Orinoco Oil Belt. Venezuela President Hugo Chavez said that oil cooperation between the two countries dates back to 2004, with the late Argentine President Nestor Kirchner.

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Venezuela Argentina Oil Oil-Sands 210

Green Car Congress

OCTOBER 20, 2015

Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. Venezuela, an OPEC member, has even proposed an emergency summit meeting. This decision set crude prices on a downward path. and EU Ukraine-related economic and financial sanctions. percent of GDP.

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Russia Oil Saudi Arabia Market 150

Green Car Congress

JUNE 23, 2011

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Current product flow at Kern River field. Data: California DOGGR.

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Chevron Oil Oil-Sands Production 244

Green Car Congress

AUGUST 9, 2013

The proposed Keystone XL pipeline for transporting oilsands-derived crude to Gulf Coast refineries would have “ no material impact ” on US greenhouse gas (GHG) emissions, according to a new Insight report by IHS CERA. IHS currently expects oil sands production to grow from 1.9 Earlier post.). Earlier post.). —IHS CERA Insight.

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Venezuela Oil-Sands Oil Canada 275

Green Car Congress

AUGUST 20, 2019

The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. Thermolysis, gas reforming and water-gas shift have been used in commercial industrial processes to generate hydrogen for more than 100 years. Proton Technologies is commercializing the process.

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Oil-Sands Oil Hydrogen Venezuela 375

Green Car Congress

OCTOBER 6, 2015

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. percent of GDP in 2014.

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

MARCH 30, 2016

The immediate beneficiaries of the ban suspension are gas and oil companies such as Chevron and Exxon Mobil—among the most tireless lobbyers against the ban—and oil trading giants such as Vitol Group BV and Trafigura Ltd Pet. crude oil is Venezuela. The total number of tankers that have set sail with U.S. Census Bureau.

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Oil Venezuela France Asia 150

Green Cars News

JULY 13, 2009

In previous studies, projected adoption rates have generally been based on electric vehicle sales as standalone products. million barrels per day, equivalent to the amount currently imported daily from the Persian Gulf region and Venezuela. light-vehicle fleet by 2030. “These vehicles make eliminating the U.S.

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Electric Cars Sale Cars Gasoline-Electric 42

Green Car Congress

MAY 24, 2013

Russian oil and gas major Rosneft, 75% owned by the government, and the Venezuelan Corporacion Venezolana del Petroleo (CVP), a subsidiary of PDVSA, signed an agreement to create a joint venture to develop heavy oil reserves in Venezuela in the framework of the Carabobo-2 project. Earlier post. billion tonnes).

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Oil Oil-Sands Venezuela Canada 186

Green Car Congress

JULY 10, 2015

A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oil sands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. How does this relate to the life cycle greenhouse gas (GHG) emissions intensity?

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Oil-Sands Oil Energy Fuel 150

Green Car Congress

AUGUST 1, 2014

Scientists at the US Department of Energy’s (DOE) Brookhaven National Laboratory, with colleagues from the University of Seville (Spain) and Universidad Central de Venezuela, have discovered a new, highly active catalytic system for converting carbon dioxide to methanol. Click to enlarge. Baber, Jaime Evans, Sanjaya D. Senanayake, Darío J.

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Conversion Venezuela CO2 Spain 236

Green Car Congress

AUGUST 26, 2011

Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oil sands using different production processes relative to gasoline produced from reference crudes. This range is equivalent to annual greenhouse gas emissions from the combustion of fuels in 588,000 to 4,061,000 passenger vehicles.

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Oil-Sands Emissions Oil Oklahoma 253

Green Car Congress

NOVEMBER 13, 2011

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.

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Oil Transportation Cheap Energy 247

Cars That Think

JANUARY 29, 2022

Spiking demand for electric heat collided with supply problems created by frozen natural-gas equipment and below-average wind-power production. The aggregate load is at least as responsive as the reaction times of a modern natural-gas power plant—and you don’t have the expense of building, operating, and maintaining the physical plant.

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Power Grid Grid Powered Power 113

Drive Electric

AUGUST 9, 2022

This is the sum of the emissions from raw materials, production, shipping, operation and end-of-life disposal – not just how clean it is to operate. Battery production is known to be the most energy-intensive part of the manufacturing process of an EV. In comparison, EV engines run on lithium batteries.

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Environment Electric Vehicles New Zealand Vehicles 98

Drive Electric

AUGUST 9, 2022

That’s why when measuring the efficiency of a vehicle, it’s become common to measure the processes involved in the entire ‘life cycle’ of a vehicle – what’s referred to as ‘cradle to grave’, or the sum of the emissions from raw materials, production, shipping, operation, and recycling – not just how clean it is to drive.

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Environment Electric Vehicles New Zealand Vehicles 52