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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.
Both primary energy consumption and carbon emissions from energy use fell at their fastest rate seen since the Second World War, while renewable energy continued its trajectory of strong growth, with wind and solar power recording their largest ever annual increase. World oil production fell for the first time since 2009 by 6.6
We are the first to demonstrate the entire thermochemical process chain from water and CO 2 to kerosene in a fully-integrated solar tower system. Previous attempts to produce aviation fuels through the use of solar energy have mostly been performed in the laboratory. B) Photograph of the solar tower fuel plant during operation.
The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day this year and 12.8
Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030.
Bioscience engineers at KU Leuven have created a solar panel that produces hydrogen gas from moisture in the air. Twenty of these solar panels could provide electricity and heat for one family for an entire winter. A traditional solar panel converts between 18 to 20% of the solar energy into electricity.
Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.
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. —Dr Fatih Birol, IEA Executive Director.
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.
The University of California, Riverside is opening its Sustainable Integrated Grid Initiative to research the integration of: intermittent renewable energy, such as photovoltaic solar panels; energy storage, such as batteries; and all types of electric and hybrid electric vehicles. Solar carport. 27 electric vehicle charging stations.
The US Energy Information Administration (EIA) forecasts that US oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. EIA also expects OPEC to increase its crude oil production to 28.9 million barrels per day in 2021. increase from 2020.
The biojet fuel, made from used cooking oil, will be delivered to French airports starting in April 2021. Total started up production at the La Mède biorefinery—converted from a former oil refinery—in 2019. An 8-megawatt solar farm that can supply 13,000 people. Total will not use vegetable oils as feedstock.
One of the main impediments to harnessing solar energy is storage. Solar batteries work as a short-term solution, but not when it comes to long-term storage or to power, say, an entire city. A possible answer, though, might lie in oil wells.
EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.
With an oil lubricant, the coefficient of friction falls to about 0.1. —Jun Qu, leader of ORNL’s Surface Engineering and Tribology group and corresponding author The presence of even one drop of oil is crucial to achieving superlubricity. We tried it without oil; it didn’t work. It’s like an engine without oil.
Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.
Gold Hydrogen is a novel source of carbon neutral hydrogen produced from depleted oil reservoirs that are ready for plug and abandonment, extending the life of wells that would otherwise be a significant burden. Cemvita Factory’s mission is to reimagine heavy industries such as oil & gas and mining for the net-zero economy.
But Ted hasn’t come out against oil drilling and in favor of keeping the ban on oil drilling in Hermosa Beach, which would seem like a no brainer if you’re a South Bay native and supposed to be the green candidate worthy of Henry Waxman’s mantle. . Oil Drilling in Hermosa Beach.
In the Reference case, petroleum and other liquids (mainly motor gasoline and distillate fuel oil) are the primary fuels consumed in the US transportation sector. Onsite electricity generation, primarily from solar photovoltaics (PV), grows faster than purchased grid electricity for buildings through 2050. Source: U.S.
Twaron is Teijin Aramid’s flagship para-aramid, and is suitable for a wide range of challenging applications, including ballistic protection, heat and cut protection, the oil and gas industry, the automotive industry and optical fiber cables.
These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions. On the two extremes, coal and oil result in about 176 times the emissions from hydro. Geothermal 0 0 Solar 0 8.8 Natural gas 87.9 Geothermal 16.5
Tootbus is currently operating buses that run on hydrotreated vegetable oil but is adopting BEV and solar technology with VEV’s help. Tootbus, a prominent sightseeing bus company around Europe, has partnered with electric fleet specialist VEV to deliver more sustainable mobility across its entire operations.
The new lifecycle sustainability approach will be included as standard across the full AeroShell product range, including turbine engine oils (TEOs), piston engine oils (PEOs), greases and fluids, for both the commercial airline and general aviation markets.
In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power.
The production of green hydrogen generated by solar-driven electrolysis from the Iberian Peninsula will begin in 2022. The ambition is to achieve 95 GW of solar and 67 GW of electrolysis capacity by 2030 to deliver 3.6 months of oil consumption in France. months of oil consumption in France. kg before 2030.
Italian startup Barrel is packing solar modules, inverters, and battery storage into “oil” barrels – here’s why and how they work. more… The post This startup’s solar + storage kit comes in an ‘oil’ barrel appeared first on Electrek.
Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Wind and solar grow from 7% of generation today to 48% by 2050. —BNEF’s NEO director, Seb Henbest.
These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions. On the two extremes, coal and oil result in about 176 times the emissions from hydro. Energy source. Proportional amount of emissions relative to hydro.
In today’s Electrek Green Energy Brief (EGEB): French oil giant Total changes its name to TotalEnergies to mark its shift to renewables. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Click here to learn more and get your quotes. — *ad.
This H 2 filling station—the eleventh in the TOTAL network and the tenth in the German federal state of Baden-Württemberg—is differentiated by producing hydrogen on-site through steam electrolysis, using electricity generated by a solar array.
Oil accounts for most of this decline as, for the first time, global consumer spending on oil is set to fall below the amount spent on electricity. Global investment in oil and gas is expected to fall by almost one-third in 2020. At the same time, many national oil companies are now desperately short of funding.
Other key takeaways from the August 2022 STEO forecast include: EIA expects US crude oil production to average 12.7 EIA’s July forecast was based on estimated domestic crude oil production averaging 11.7 EIA’s July forecast was based on estimated domestic crude oil production averaging 11.7 million barrels per day for the month.
Is it a good idea to market an efficiency-focused car around oil dependence when national-average gas prices are headed toward $2.00 A video recently last Tuesday by Aptera takes exactly that angle—introducing the company’s electric three-wheeler in light of international conflict and climate change, as related to the oil.
EVs charging in Vermont are estimated to produce the fewest emissions—oil and gas make up only 1.2% of the electricity sources in the state while cleaner sources such as nuclear, hydro, biomass, wind, and solar make up the rest. Source: DOE. Click to enlarge. West Virginia’s electricity production is 95.7%
Lubricating oil is usually used in pumps to reduce stress through less friction in the pump; however, lubricating oil cannot be used in liquid hydrogen pumps as it contaminates the hydrogen. This reduces engine oil dilution and improves reliability and exhaust performance by reducing the burden on the engine.
These facilities typically use approximately one ton of coal to produce one BBL of hydrocarbons, with a life cycle CO 2 -emissions calculation that is slightly worse than equivalent fuels derived from conventional oil refining. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.
China will see the largest increase—more than 4 million oil-equivalent barrels per day. As conventional production declines, more of the world’s oil demand will be met by emerging sources that only recently became available in significant quantities: oil sands, tight oil, deepwater, NGLs and biofuels. Natural gas.
UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. more… The post EGEB: Oil kingdom Saudi Arabia launches its first wind farm, the Middle East’s largest appeared first on Electrek. Click here to learn more and get your quotes. — *ad.
An annual contribution of at least €1 billion from the oil and gas industries in the form of a reallocation of public subsidies paid until now to the oil sector—which total €19 billion according to the Court of Auditors—with the rest allocated to debt reduction. Hydrogen Production Natural Gas Power Generation Solar Wind'
In Brazil, the rebound of road transport activity after the April low drove a recovery in oil demand, while increases in gas demand in the later months of 2020 pushed emissions above 2019 levels throughout the final quarter. As travel and economic activities pick up around the world, oil consumption and its emissions are rising again.
The Commission also approved grants for the operation of a hydrogen fueling station, biofuel production, geothermal exploration and rooftop solar for schools. 1 million to use high-fidelity solar forecasting to predict load impacts on California’s electricity grid and reduce solar integration costs. Halotechnics and UCLA: $1.5
Goldman Sachs is preparing for the lapse of the Age of Oil, predicting big gains for the companies that continue to help expand the footprint of sustainable energy. However, Tesla isn’t the only car company that is listed , and cars are not the only topic that Goldman analysts are bullish on as the Age of Oil begins its imminent demise.
While oil will remain the most widely used fuel, overall energy demand will be reshaped by a continued shift toward less-carbon-intensive energy source as well as steep improvements in energy efficiency in areas such as transportation, where the expanded use of advanced and hybrid vehicles will help push average new-car fuel economy to 48 mpg (4.9
A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “ Road Map to a US Hydrogen Economy. ” Demand potential across sectors, base and ambitious cases. Road Map to a US Hydrogen Economy ”. million jobs by 2050.
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