Speeding up the process is good news for the industry in that there are plenty of untapped offshore reserves. However, many companies may choose to withhold capital investment given the current low-price environment and typical long-cycle investment in offshore production.
BNEF projects electric vehicles to account for 50 percent of total vehicle sales in 2040, a roughly 15 percentage point upward revision from its 2016 forecast.
The unexpected victory of President-elect Donald Trump this month overshadowed other major election developments, including the approval of billions of dollars in new mass transit and infrastructure projects across the nation. How will self-driving vehicles affect these and other infrastructure developments?
An Evolved Oil Market and New Vehicle Technologies Have Major Implications for Light Duty Fuel Economy
If it can be verified that the use of autonomous vehicles will improve overall fuel economy and reduce GHG emissions, the agencies should explore ways to maximize the benefits as soon as feasible.
With the beginning of production, Ecuador has added 20,000 b/d to its output, with plans to raise this to 40,000 b/d by year-end, all at production costs said to be under $12 per barrel.
SAFE's latest energy security fact pack shows how the oil market is rebalancing more slowly than any expected, with underwhelming demand and supply side reactions leaving prices volatile and stocks brimming.
Low oil prices are impacting Chinese oil for loans deals, forcing Venezuela and Ecuador to ask for restructured agreements as they remain mired in debt and strapped for cash.
When combined with a very large pool of electric vehicle batteries, vehicle to grid technology (V2G) can help utilities balance short periods of supply and demand imbalances in the electrical grid and even lower bills by using locally generated power from solar or wind.
Toyota is hoping its Mirai hydrogen fuel cell vehicle will mirror the success of the Prius hybrid. But important questions remain regarding storage, range, infrastructure, and the cost of hydrogen fuel.
On October 1, DOT will implement stricter safety standards for crude by rail, but two suburban Chicago communities have challenged the rules, citing glaring loopholes in the soon-to-be-implemented regulation.
Alongside a corruption scandal, the oil price downturn is challenging the viability of developing Brazil's pre-salt reserves, and prompting debates about the government's role in the energy sector.
Recent developments in the Saudi leadership have left many wondering about the implications for the Kingdom’s influential energy policy.
Driving is more energy-intense than flying, a University of Michigan study concluded last month, revealing surprising trends about energy consumption in the United States.
Research from UC Davis and Consumer Reports explores the question: Why are so many automotive dealerships steering customers away from electric vehicles?