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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

Oil-Sands 325
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IEA: Petrochemicals set to be the largest driver of world oil demand

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Petrochemicals are rapidly becoming the largest driver of global oil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA.

Oil 281
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National Alliance for Water Innovation to lead DOE energy-water desalination hub

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The US Department of Energy (DOE) selected the National Alliance for Water Innovation (NAWI) to lead a US Department of Energy (DOE) Energy-Water Desalination Hub that will address water security issues in the United States. This suite of technologies will treat “non-traditional” water sources for multiple end-use applications.

Water 236
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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

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Based on visual interpretation of high-resolution (30 m) satellite images, a new study in the journal Global Change Biology: Bioenergy determined that industrial plantations covered over 3.1 When peat swamps are drained for agriculture, the peat begins to decompose, and is an enormous source of carbon emissions. —Miettinen et al.

Oil-Sands 314
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Chevrolet introduces second-generation Duramax 4-cylinder diesels; global engine

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The new Duramax engine was engineered in Europe and the US, with global application as one of its developmental objectives. —Nicola Menarini, Global Chief Engineer, GM Powertrain. Water-cooled turbo. An improved and redesigned cylinder head has a larger exhaust port and water passage to enhance cooling efficiency.

Diesel 334
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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

Oil 261