Over 15 years in the business, easily the smartest people I’ve met in the energy sector reside in Calgary and Toronto: “Don’t get caught up in the story of supply. The demand is insatiable. It’s unstoppable. And it’s growing aggressively globally. And the world has become selfish since Covid appeared… you’re protecting and to protect yourself, you will throw away all your environmental concerns… and seek to protect yourself and that means burning more oil… in the developing world there is a struggle to get out of poverty… even it is accelerating because of Covid because of the lack of…
Author: Automotivedealernews.com
European oil companies are pressing Venezuelan President Nicolás Maduro for greater control over their operations in Venezuela, after US driller Chevron Corp. he renegotiated his contract last year. Italy’s Eni SpA and Spain’s Repsol SA are reviewing draft contracts after holding a series of meetings with senior government officials in which they asked for operational control of oil and gas companies held jointly with the company state energy company PDVSA, according to sources familiar with the matter who asked not to be named because the information is private. Chevron received a similar deal last year, raising analysts’ expectations that Venezuela…
St. LOUIS – A 16-year-old girl was hit and seriously injured by a car while walking in downtown St. Louis on Saturday night.The police of St. Louis said the crash that killed the teenager began when a 2023 Audi Q5 went through a yield sign at the intersection of St. Charles Street and North 11th around 8:40 p.m.Police said a 2016 Chevrolet Malibu hit the Audi as it was going through the intersection, sending the Audi crashing into a parked car and the 16-year-old girl walking in the area. The car flipped onto its roof before coming to rest.According to…
With fossil fuel reserves such as oil expected to run out by 2040 and growing concerns about global warming, the need for alternative fuel sources to power automotive vehicles is more important than ever. As the world continues to look for cleaner and more sustainable energy sources, companies like Toyota and Honda have ensured that hydrogen combustion engines are seen as a promising alternative to fossil fuels. Although once touted as a solution, despite the initial hype, the hydrogen fuel engine seems to have lost focus in recent times. Related: Why Toyota’s ‘new’ AE86 has us talking about a hydrogen…
Owning a new car is not something that people I spend time with often do. In fact, they don’t even talk about aspiring to own a new car because the prices are simply too high. While that might be an indication of their station in life, the data now supports the idea that for most Americans, a new car is out of their budget. This data comes from Cox Automotive, a company that claims to be the largest automotive service organization in the world. They do a lot of business around the automotive market, so they know a lot about…
Visiongain Reports LtdVisiongain has released a new report titled lubricant 2023-2033. Includes lubricants market segment profiles and forecasts by base oil, (mineral oil, synthetic oil, bio-based oil) market segment by formulation, (conventional petroleum lubricants, synthetic lubricants, refined lubricants, bio-based lubricants) segment Market by Product Type, (Engine Oil, Hydraulic Oil, Metal Fluid, Gear Oil, Other Product Type) Market Segment by Application, (Automotive, Transportation, Industrial, Marine, Aerospace, Other Application) more COVID-19 impact analysis and recovery pattern analysis (“V-shaped, “W”-shaped”, “U-shaped”, “L-shaped”), Profiles of leading companies , region and country. The global lubricants market was valued at US$ 133 billion in 2022 and…
The Snøhvit partnership, represented by Equinor, has once again turned to Aibel for a major Hammerfest LNG modification deal related to the Snøhvit Future project, which is awaiting government approval. Aibel has secured the EPCI contract which includes the engineering, procurement, construction and installation of two new processing modules related to onshore compression and electrification of the Melkøya plant. They will also build a new power receiving station from the coast and carry out integration tasks at the plant. In September 2020, Aibel was awarded the FEED contract for the project, which included an EPCI option that has now been…
Streets are closed in West Goshen Township Sunday morning as officials investigate a fatal incident in which a bicyclist was allegedly struck and killed by a police cruiser. According to police, the incident happened shortly after 10:30 a.m. near the intersection of Yorktown Avenue and S. High Street. By 11 a.m., police had closed High Street at the northbound ramp to Route 202 and Stadium Road to investigate the incident. No information has yet been released on the identity of the victim or how the incident occurred. This is breaking news. It will be updated as more information becomes available.…
The V8 engine was built from scratch from scrap aluminum, including all castings and milling of all parts. February 19, 2023 at 1:32 p.m. ET Search YouTube for V8 lawnmowers and you’ll find no shortage of homemade curiosities. Only those created by Florida Man could take days to see. But how about a fully homemade V8 lawnmower, one where the engine was completely built by a person in their garage? Needless to say, it caught our attention. We like weird things like homemade vehicles or weird, weird and downright weird creations. The old Ford Maverick with a lawnmower carburetor is…
The V8 engine was built from scratch from scrap aluminum, including all castings and milling of all parts. February 19, 2023 at 1:32 p.m. ET Search YouTube for V8 lawnmowers and you’ll find no shortage of homemade curiosities. Only those created by Florida Man could take days to see. But how about a fully homemade V8 lawnmower, one where the engine was completely built by a person in their garage? Needless to say, it caught our attention. We like weird things like homemade vehicles or weird, weird and downright weird creations. The old Ford Maverick with a lawnmower carburetor is…