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First reference installation of Opcon Waste Heat Recovery technology for ships; potential for 5–10% fuel savings

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Opcon, in collaboration with Wallenius Marine, recently completed the first reference installation of its Waste Heat Recovery technology for ocean-going vessels in a project supported by the Swedish Energy Agency. The first reference installation features both Opcon Powerbox ORC and Opcon Powerbox WST. The MV Figaro. Click to enlarge.

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EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. The Reference case projections include only the effects of policies that have been implemented in law or final regulations. Over the next 10 years, continued development of tight oil (e.g., Source: EIA.

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EIA: International demand will drive US production of petroleum and other liquids through 2050

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EIA projects that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support US production. These cases include: The Reference case, which serves as a baseline, or benchmark, case.

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Opinion: Consumers winning with low oil prices, for now

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Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oil prices throughout the economy.”. decline curves eventually catch up with fewer rigs, oil supplies should start to fall.

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Machine learning PODA model projects the impact of COVID-19 on US motor gasoline demand

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They found that under the reference infection scenario, US gasoline demand grows slowly after a quick rebound in May, and is unlikely to recover to a non-pandemic level prior to October 2020. However, few studies have quantified and forecast the oil demands under multiple pandemic scenarios, and this research is desperately needed.

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$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

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OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. mb/d between 2020 and 2025, 3.3

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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018. —Spencer Welch.

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