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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6
The value of the global three-wheeler market will grow at a compound annual growth rate (CAGR) of 13% during 2014-19, according to a recently published report by TechSci Research, “Global Three Wheeler Market Forecast and Opportunities, 2019”. cannot effectively penetrate.
million metric ton per annum and a storage capacity of 200,000 cubic meters, as well as ancillary facilities to be located 60km from the shore of Akwa Ibom State, Nigeria. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2
As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.
As the UN climate conference COP21 opened in Paris, Bill Gates announced the formation of the “ Breakthrough energy coalition ”, an investment grouping of global billionaires focused on developing the technologies that will create a new zero-carbon energy mix. Aliko Dangote, Founder and Chief Executive, Dangote Group, Nigeria.
A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. It will help slow global warming while also saving scarce natural resources.
Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia. Market Background Other Asia Sales'
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.” Nigeria’s dilemma.
The report analyzes several LNG pathways, including LNG from Algeria, Australia, Qatar, Indonesia, Malaysia, Nigeria, Norway, Trinidad & Tobago and the USA. SEALNG is a UK-registered not-for-profit collaborative industry foundation serving the needs of its member organizations committed to furthering the use of LNG as a maritime fuel.
million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. —Eklavya Gupte, senior editor for S&P Global Platts. million b/d in June in order to meet domestic demand.
Nigeria or Algeria cannot do the same for their oil industry. This scenario assumes a full global consensus for action on climate change. A wave of green globalization allows all countries to share in the benefits of decarbonization. Saudi Arabia and Kuwait might, and should be encouraged to do so. —Goldthau et al.
To this end, the GECF Secretary General reiterated the GECF’s readiness to support the Turkmen industry as it undergoes transformation on the back of the future energy trends, digitalization, and climate action.
In Nigeria, families who had clean cook stoves that reduced indoor air pollution during a nine-month pregnancy term saw higher birthweights, greater gestational age at delivery, and less perinatal mortality. In addition to city-wide polices, reducing air pollution within the home also led to health benefits.
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.
The International Institute for Sustainable Development’s Geneva-based Global Subsidies Initiative ( GSI ) has issued a five-part series of reports into how nations might remove fossil-fuel subsidies, on the eve of a meeting of G20 finance ministers in Washington this week. Some data exist on most types of fossil fuel subsidies.
The argument emerged that having contributed to the collapse of world oil prices, US LTO was the new global swing producer, replacing OPEC leader Saudi Arabia in that role. He was also optimistic WTI could exit 2016 at $70 because of the rapid rebalancing of global crude supply and demand. Every forecast must carry these caveats.
Nigeria is witnessing a transformative shift in its transportation landscape as the adoption of electric vehicles (EVs) gains momentum. This evolution is driven by a combination of governmental policies, economic factors, and environmental considerations, positioning Nigeria as a burgeoning hub for electric mobility in Africa.
Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output. percent, during the same period; during the same period, OPEC output as a share of global output declined slightly, from 39.5 percent from 10.2
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. Live by Energy….
Five months into CY2024, the Indian two-wheeler industry is well placed to achieve strong numbers this year. On April 18, HMSI inaugurated a new state-of-the-art engine assembly line at its Global Resource Factory in Manesar, Gurugram (Haryana), with a focus on CKD (Completely Knocked Down) exports.
The IEA says that in the third quarter of 2016, the US shale industry became cash flow neutral for the first time ever. million barrels per day in the second quarter of 2015, the industry did not break even. That was enough to make the industry cash flow neutral for the first time in its history. That isn’t a typo.
While 80% of EV drivers globally charge their EV at home which can be done from inside your garage or carport with appropriate safety in place, there is still a need for public charging infrastructure. In 2021, Global EV purchases jumped to 6.6 So, how much lithium is available globally, and will this become an issue?
While 80% of EV drivers globally charge their EV at home which can be done from inside your garage or carport with appropriate safety in place, there is still a need for public charging infrastructure. In 2021, Global EV purchases jumped to 6.6 So, how much lithium is available globally, and will this become an issue?
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