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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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Kazakhstan/Russia: Caspian Pipeline expansion. This planned spending includes initial appraisal of new acreage captured over the past two years, including Liberia, China and various international shale gas plays. United Kingdom: development of the offshore Clair Ridge project. Capital spending of $3.6

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. Click to enlarge. Biofuels make the biggest such contribution, as use grows from 1.3

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