CO2

Cal on May 17th, 2017

India hopes to have an all-electric vehicle fleet by 2030 in order to cut down on greenhouse gas emissions, pollution and reduce the costs associated with fuel imports. India is the third-largest crude oil importer in the world. According to the country’s energy minister, Piyush Goyal, there should not be a single gasoline or diesel […]

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Cal on May 2nd, 2017

Global energy companies have sold off more than $22.5 billion worth of Canadian oil sands assets so far this year, concerned about depressed crude oil prices, high production costs, carbon emissions, and limited pipeline access to global markets. More energy efficient appliances, LED lighting, and a shift away from heavy industry all have contributed to a […]

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Cal on April 17th, 2017

GM is about to create the largest fleet of self-driving cars in the world. According to documents filed with the US Federal Communications Commission, the automaker will deploy 300 self-driving Chevy Bolts, perhaps beginning as soon as next month. The electric cars will include both new short- and medium-range radars. Each vehicle will have 10 radars to help it gather data […]

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Cal on April 15th, 2017

The US has shut down 39 gigawatts (GW) of coal-fired electrical generation capacity since 2012 while the UK has closed 8.4 GW in the five years through 2015. (1 GW is the size of a typical nuclear power plant.) Construction on new coal plants fell by nearly two-thirds globally in 2016. US carbon emissions dropped 3% last year as cheap abundant natural […]

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Cal on April 8th, 2017

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 […]

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Cal on March 30th, 2017

OPEC’s crude oil supply cuts are providing to be beneficial for producers of heavy crude oil from Western Canada and the Gulf of Mexico. Prices for Western Canadian grades have increased relative to the benchmark West Texas Intermediate since OPEC began implementing its reductions earlier this year. In Southeast Asia, nearly a decade in the making, […]

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Cal on March 26th, 2017

The US Energy Information Agency (EIA) forecasts US shale oil production will rise by some 300,000 barrels per day this year and another 500,000 b/d in 2018. Industry sources talk about increased efficiency and production gains, suggesting to many that the EIA’s forecast is conservative and that the US shale oil production increase may be higher. […]

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Cal on January 23rd, 2017

NRG Energy and JX Nippon Oil & Gas Exploration Corp. said they had begun operations at a US$1 billion carbon capture facility at a Texas coal-fired power plant and were using the emissions to extract crude from a nearby oilfield. The facility, the largest of its kind in the world, is the latest in efforts […]

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