On a global level, 2015 and 2016 marked the lowest level of new conventional crude oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2% of global proved reserves. Globally, exploratory drilling fell by almost 20% in 2015 and fell even further in 2016.

When will Russia run out of oil? The Ministry of Natural Resources and Environmental Protection of Russia states that not accounting for new discoveries, current crude oil reserves in Russia stand at 29 billion tons and under current consumption rates would be depleted by 2044 (its natural gas reserves’ depletion would come about in more than 160 years). However, Russia still has vast amounts of untapped reserves waiting to be discovered. But the future of Russian crude lies in locations that are more expensive, more geologically complex, and further away from traditional regions of production. East-Siberia and offshore regions will overtake West-Siberia (which saw its share in the national output diminish from 71% in 2004 to 57% currently). Russia will have to explore three new oil frontiers – shale, Arctic and deep-water. Russia’s continental shelf contains most of the Arctic’s oil formations and approximately 60% of its undiscovered reserves – in the Kara and Barent’s seas. There is also the riskier part of the Arctic – the as of yet impossible-to-assess Laptev and Chukchi Seas, where no large-scale surveying has been done. Russia also sits on vast shale/tight oil reserves, which according to present data are second only to the US. Yet it might easily surpass all its rivals, as the development of gigantic tight-oil formations, such as Bazhenov Suite, the largest shale deposit in the world covering a territory of more than 1 million square kilometers and assumed to contain at least 20 billion tons of oil, is still in its infant phase.  Virtually all of the shale regions are located in traditional crude oil-producing regions with a fully-established oil infrastructure. Some analysts think Russian service companies may be able to exploit Russia’s shale bounty by the 2020s. Thus the 2044 depletion assumption reflects merely the inherent conservatism in country’s oil statistics, not the country’s realistic capabilities. By all accounts, Russia will remain a major oil-producing nation throughout the entire 21st century, with oil production moving to places that are further north and east, deeper and, absent technological change, generally more costly.

A new Lux Research report finds Japan and Korea dominate the mobile hydrogen market. Japan leads nations in automotive hydrogen infrastructure innovation with a 45% share, while Korea accounts for 25%, and the US and UK hold a 10% share each. Japan’s big three – Toyota, Honda and Nissan – dominate the field. Lux also finds the industrial gas giants Air Liquide, Air Products and Linde are key in the hydrogen network, playing a central role by virtue of their supply agreements and development partnerships with automakers for funding refueling infrastructure. Lux wonders whether other countries will follow Japan and Korea’s lead.

Parcel delivery firm UPS announced plans to build an additional six compressed natural gas (CNG) refueling stations in the US and Canada and add 390 new CNG tractors and terminal trucks and 50 liquefied natural gas (LNG) vehicles to its alternative fuel and advanced technology fleet – representing a more than $90 million investment in natural gas. The US company currently has 4,400 natural gas vehicles and 31 refueling stations.

The International Gas Union has released its 2017 World LNG Report, examining the current state of the Global liquefied natural gas industry. Global LNG trade in 2016 reached a record 258 million tonnes  – an increase of 5% from 2015, and the largest ever year for LNG trade. Global liquefaction capacity is expected to grow significantly over the next few years, with 114.6 million tons of capacity under construction as of January 2017.  LNG bunkering is helping shape the LNG industry, with the fuel increasingly adopted for maritime transport, particularly after the European Union imposed strict regulations on carbon emissions from shipping in European waters.

In 2016, 58% of Cambodia’s households were connected to the electric grid, up from less than half in 2015. However, while the Asian country has been quickly turning on the lights for more urban households, access to electricity remains significantly lower in rural areas. The increased electrification has come about by an expanding urban grid coupled with increased use of solar in rural areas.

Research and Markets finds electric vehicles for construction, agriculture and mining will be a $81 billion market in 2027. The market growth is being driven by regulations that require electric vehicles indoors as well as remote mining operations where the costs of bringing in diesel is prohibitive.

The Economic Times examines the feasibility of India’s goal of 100% electric vehicle mobility by 2030. Currently the country has only 206 public charging stations.

In 2016 the US sold a record 17.5 million vehicles. Of these sales, plug-in electric vehicles were just 1% of total sales, and conventional hybrids 3% of sales. While ignoring electrics, US consumers are surging toward gasoline powered SUVs and light trucks and ignoring sedans and hatchbacks. A major reason is continuing low gasoline prices and increasing mileage from internal combustion engines.

The US state of New York has launched a $70 million electric vehicle rebate program. The rebates are available to all state residents who buy eligible vehicles through new car dealers. Buyers are eligible for rebates of up to $2,000 towards the purchase of all-electric cars, plug-in hybrids, and hydrogen fuel-cell vehicles. The state will also help finance the installation of more charging stations across the state.

Plug-In Cars tells us The Four Most Important Factors When Choosing a Plug-in Hybrid.

London Taxi Co. is opening the UK’s first assembly plant dedicated solely to the production of range-extended electric vehicles. Located in Coventry, it will build the world’s first purpose-built, mass-market electric taxi. The vehicle is being built for export around the globe. The plant will be able to produce more than 20,000 vehicles a year. The vehicle will retain the iconic black London taxi design recognized around the world. Photovoltaic solar panels will power the factory. As of January 1, 2018 all UK taxis licensed for the first time must be zero-emissions-capable.

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