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an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oil sands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a
A lifecycle study by consultancy thinkstep, commissioned by SEALNG and SGMF, has found that greenhouse gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels, over the entire life-cycle from Well-to-Wake (WtW).
billion oil-equivalent barrels—the bulk of it from Canadian oil sands—replacing 103% of production. These additions assume the long-term pricing basis that the corporation uses to make its investment decisions, rather than single-day, year-end pricing. billion oil-equivalent barrels. billion oil-equivalent barrels.
Chevron Corporation announced a $32.7 By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. billion capital and exploratory spending program for 2012.
Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars. Location of the Ichthys project. Source: INPEX. Click to enlarge.
Nigeria or Algeria cannot do the same for their oil industry. Green-technology corporations dominate the Fortune 500 by 2030. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. —Goldthau et al.
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6 billion) and $1 billion ($2.5
However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Earlier post.). Unless addressed, pipeline security issues will impede investment in Turkey, Bartis suggested.
million in payments to be made to intermediary companies in order to secure improper advantages to obtain and retain business with state-owned and state-controlled entities in West Africa, including Nigeria, Cameroon, Ivory Coast, and Equatorial Guinea. operated a global commodity trading business, which included trading in fuel oil.
The good news is, most analysts suggest it will never see the shortages, cartels or sales restrictions that oil does. Battery metals vs. oil as a source of tension and instability. The total global reserves are estimated at 14 million tons – which corresponds to 165 times the production volume in 2018. THE BOTTOM LINE.
The good news is, most analysts suggest it will never see the shortages, cartels or sales restrictions that oil does. Battery metals vs. oil as a source of tension and instability. The total global reserves are estimated at 14 million tons – which corresponds to 165 times the production volume in 2018. THE BOTTOM LINE.
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