IHS Markit

Autonomous vehicle sales forecast to surpass 33 million annually in 2040 -IHS Markit

Innovation

U.S. market will see first autonomous vehicle sales in world More than 33 million autonomous vehicles will be sold globally in 2040, a substantial increase from the 51,000 units forecast for the first year of significant volume in 2021, according to the latest autonomous vehicle sales forecast from IHS Markit. The rapid convergence of autonomous driving and mobility […]

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Aging US wind driving surge in operating and maintenance spending – IHS Markit

Innovation

First 10 years of wind turbine’s operations, costs average between $42,000 and $48,000 per MW The North American wind energy market is aging—the majority of installed wind-turbine equipment averages more than five years in age, and operations and maintenance (O&M) expenses cost the industry $3 billion to $4 billion annually, according to a study by IHS

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Global auto sales set to reach 93.5 million in 2017, but market risk is greater than ever

Energy Financial

Middle East region forecast to stabilize, supported by oil prices and the end of Iranian sanctions Total 2017 global light vehicle sales will reach 93.5 million units, a growth rate of 1.5 per cent over 2016, according to the most recent forecast from IHS Markit. However, industry risk in mature markets is at the highest

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Annual US natural gas production declines first time in 11 Years – IHS Markit

News

2016 natural gas production ends with first annual decline since start of the shale revolution The 2016 annual gas production average for the US lower-48 states fell for the first time in 11 years—since the shale revolution began—according to analysis from IHS Markit. IHS Markit said US natural gas production averaged 72.1 billion cubic feet

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Global transportation demand will drive long-term Alberta oil sands growth

Canada

World needs to find, replace 45 million bpd of crude oil by 2040 The prospect for dramatic changes in transportation has led to increased uncertainty about future oil demand. But the gradual pace of global vehicle fleet turnover and the need for significant upstream investment to maintain existing oil production volumes over the longer term

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Delaware Basin: Where the strong survive – IHS Markit

USA

Analysis says dominant players in Delaware Basin delivering remarkable profitability at current prices HOUSTON – A handful of dominant oil and gas companies operating in established sub-plays in the Delaware Basin are delivering remarkable profitability at current prices thanks, in part, to their early entry and their extensive technical knowledge of the local geology, according to

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Alpine High discovery driving interest, but in underperforming area – IHS Markit

USA

IHS analysis indicates asset has solid potential, but repeatability unknown HOUSTON  – Apache Corporation’s recent announcement that it had made a significant new oil and gas discovery in the southern portion of the Delaware Basin in west Texas has strengthened industry interest in the emerging sub-play, but previous well results from other operators in the

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Norway leading global electric vehicle market – IHS Markit

Innovation

Increased production of electric vehicles across the manufacturing base required to make them more affordable for consumers SOUTHFIELD, Mich. – Norway continues to lead the global market for electric vehicles, according to the most recent plug-in electric vehicle (PEV) index from IHS Automotive, part of IHS Markit. Plug-in electric vehicles are defined as either a

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