Chinese shipyards are seeking to take about $10 billion in orders for new liquefied natural gas tankers over the rest of the decade, part of a plan to restructure the country’s ailing shipbuilding sector and secure China’s energy supply chain.
The Renewable Fuels Association will host several Ethanol Safety Seminars this month in Alabama and Kansas.
Love’s Travel Stops & Country Stores Inc. will introduce fast-fill compressed natural gas (CNG) fueling capabilities for heavy-duty trucks and a CNG fueling option for passenger vehicles at existing travel stops in Ardmore and Webbers Falls, Okla.
The White House is expected to issue goals soon for the country’s use of renewable fuels during 2014 and its coming under pressure from the biofuels industry and some Democratic senators to set higher long-term objectives.
The U.S. Environmental Protection Agency is holding its second and final hearing on proposed new standards for oil refinery emissions as part of a 60-day public comment period.
Gov. John Hickenlooper on Monday created a task force to address oil and gas development in Colorado, in an eleventh-hour attempt to foster compromise over the highly divisive topic before it hits the polls in November.
Crude-oil futures rose Monday, recouping some of their steep losses last week and notching their largest one-day percentage increase in nearly two weeks. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU4 -0.91% ended at $98.29 a barrel, up 41 cents, or 0.4%. That broke a five-session losing streak.
It seems the thirst for electric cars is growing. Analysis of European Union figures by the Transport & Environment group reveal sales nearly doubled in 2013. 50,000 electric cars were sold last year in Europe, according to the figures. That is more than double the 22,000 sold in 2012 and represents one in every 250 new cars sold.
If press coverage is any measure, it appears electric vehicles (EVs) have finally arrived. Tesla’s Model S was named Automobile Magazine’s Car of the Year, the Nissan Leaf is topping the EV sales ranks and the industry is abuzz with anticipated sales impact of BMW’s super-light i3.
Tesla Motors has been playing a game of economic development poker for its $5 billion Gigafactory with five states — Arizona, California, Nevada, New Mexico and Texas. Last week, Tesla’s billionaire CEO Elon Musk revealed the bid he expects from the winning state. Musk, speaking on a conference call with analysts, said the place that gets the Gigafactory will need to put up 10 percent of the total cost, meaning $500 million.
