News

CNBC Energy

Tesla Model 3 is 'military-grade tech years ahead of peers' but still expected to lose money
Tesla Model 3 came out slightly ahead of the BMW i3 and Chevy Bolt in estimated production costs, and engineers praised the firm's simple powertrain design.

Cycling is set to play a big role in the future of this major Indian city
Improved cycling infrastructure could transform the way people get around the city of Chennai, India. 

Oil prices rise, but outlook for demand grows gloomy
Oil prices clawed back some of the previous day's losses after Beijing said it would send a delegation to Washington to try to resolve a trade dispute between the United States and China.

The heat is on for 4 more years: Extreme temperatures expected through 2022
Scientists predict that the rest of 2018 through 2022 may be warmer than expected around the world as human-caused global warming and natural factors combine to heat the planet, USA Today reports. 

Tesla shares down more than 4% on worries about potential SEC probe
The SEC has reportedly sent subpoenas to the electric car maker over CEO Elon Musk's comments about taking Tesla private. 

WorldOil

EIA: Haynesville natural gas production reaches five-year high
In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.35 Bcfd, accounting for 8.5% of the total U.S. dry natural gas production, Haynesville’s highest production level since November 2012.

Rice University engineers find nanoscale solution to produced water problem
Oil and water tend to separate, but they mix well enough to form stable oil-in-water emulsions in produced water from oil reservoirs to become a problem. Rice University scientists have developed a nanoparticle-based solution that reliably removes more than 99% of the emulsified oil that remains after other processing is done.

Equinor concludes drilling of Sigrun appraisal well, offshore Norway
Equinor Energy AS, operator of production license (PL) 025, has concluded the drilling of appraisal well 15/3-11 on the 15/3-4 (Sigrun) oil and gas discovery.