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Oil and Gas Energy News Update

Showing posts with label efficiency. Show all posts
Showing posts with label efficiency. Show all posts

Friday, July 29, 2011

President Obama Announces 54.5 MPG Fuel Efficiency Standard

- President Obama Announces 54.5 MPG Fuel Efficiency Standard



Jul 29, 2011

President Obama announced an agreement with thirteen major automakers to track the next phase in the Administration's national vehicle program, increasing fuel economy to 54.5 miles per gallon for cars and light-duty trucks by Model Year 2025.

The President was joined by Ford (F), GM (GM), Chrysler, BMW, Honda (HMC), Hyundai, Jaguar/Land Rover, Kia, Mazda, Mitsubishi, Nissan (NSANY), Toyota (TM) and Volvo, which together account for over 90% of all vehicles sold in the United States, as well as the United Auto Workers, and the State of California.

Building on earlier agreements for Model Years 2012-2016 vehicles, which will raise fuel efficiency to 35.5 mpg, the next round of standards will require performance equivalent to 54.5 mpg or 163 grams/ mile of CO2 for cars and light-duty trucks by Model Year 2025.

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Wednesday, June 8, 2011

General Motors Invests $49 Mln on Bedford Powertrain Facility

- General Motors Invests $49 Mln on Bedford Powertrain Facility



Jun 8, 2011

General Motors (NYSE:GM) announced an investment of $49 mln on its Bedford powertrain plant in order to acquire tooling and equipment towards creating components for its announced 8-speed transmission as well as for an upcoming small engine program.

The transmission is expected to improve fuel economy in some of the company's lineup of future vehicles, while the gasoline engine is viewed as a key element towards fuel economy leadership in the small four-cylinder engine segment. The investment is also expected to create or retain 91 jobs.

The investment is part of GM's $2 billion program to generate jobs at multiple facilities in several states announced last May 10, 2011.

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Friday, June 3, 2011

BOEMRE Improves Efficiency of Permit Review Process

- BOEMRE Improves Efficiency of Permit Review Process

Friday, June 03, 2011
BOEMRE

Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich announced that the bureau is putting in place significant improvements in the oil and gas permit application process. These improvements include the publication of a permit application checklist to assist offshore oil and gas operators in submitting complete applications to drill; the implementation of completeness checks by BOEMRE personnel before significant staff time is spent reviewing the application; and the development of clear permit review priorities that will expedite agency reviews.

"We are constantly looking for ways to create a smarter, more efficient, and more transparent permit review process," said Director Bromwich. "Our goal is to make the process of submitting permit applications easier, reduce the time it takes to review permits and improve BOEMRE's communication with operators during the permit review process. We will continue to search for additional ways to improve our processes without in any way modifying or relaxing the more stringent safety and environmental rules we have implemented over the past year."

Key improvements that are being implemented include:
  • The publication of a "completeness" checklist for offshore oil and gas operators. This high-level checklist, which aligns with BOEMRE's review process, includes the main components that need to be submitted by operators to make a permit application complete. This checklist does not ensure approval of an application, but will clarify for operators what is needed in their submission. The development of the checklist comes after multiple meetings with operators who have requested such additional guidance.
  • To improve the efficiency of the review process and reduce the number of permits returned to operators because of incomplete information, BOEMRE personnel will conduct completeness checks before beginning an in-depth, substantive review of the application. Bureau personnel will focus on identifying significant omissions during the initial review so as to quickly identify applications that are not ready for full review. Deficiencies and omissions will be communicated to the operator for correction at the same time. This does not guarantee that incomplete information will not be found later in the review, but the completeness check is designed to capture the major gaps in submission criteria early in the review process.
  • In an effort to ensure efficiency, permits found to be complete will have a higher priority in the review process. The bureau has established priorities for reviewing permit applications as follows: 
o Permits for ongoing operations, such as sidetracks or deeper exploration of an existing well;
o Applications deemed complete; and
o If staff time allows, applications that are not deemed complete, such as those missing a required containment plan or the necessary professional engineer certifications, may begin to be processed. This category also includes permit applications without an approved exploration or development plan.

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Wednesday, March 30, 2011

FirstService launches FS Energy to improve energy efficiency

FirstService launches FS Energy to improve energy efficiency



FirstService announced the official launch of FS Energy, an energy management company that is leading environmental change by improving energy efficiency and lowering operating costs across FirstService's extensive property management portfolio. FS Energy is initially concentrating on the 450 high rise buildings the company manages in New York City.