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Agreements reached on trans-Guinean infrastructure in milestone for Simandou iron ore project

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Rio Tinto and the Simfer joint venture (Simfer) reached an important milestone by concluding key agreements with the Republic of Guinea (West Africa) and Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the world class Simandou iron ore project. Aerial view of Simandou project.

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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Woods said that ExxonMobil has faced numerous market downturns throughout its long history and has experience operating in a sustained low-price environment. million net acres.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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A fourth volume examining energy security in Nigeria and other nations in the Gulf of Guinea is scheduled for later publication. Turkey has ambitions to become an international energy hub, moving oil and natural gas from the Caucasus, Central Asia and the Middle East to Europe, said Andrew Weiss, the lead author for this portion of the study.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Sentyurin also acknowledged the role of Turkmenistan as one of the founders of the Forum, the 20 member countries of which today represent 71% of proven gas reserves, 45% of its marketed production, 53% of pipeline, and 60% of LNG exports across the world. It is headquartered in Doha, Qatar.

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BMW Group Plant Landshut light metal foundry recertified by Aluminum Stewardship Initiative (ASI)

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The conditions under which the raw material bauxite is extracted by open cast mining and processed in countries like Australia, Brazil and Guinea are also important to the company. The ASI defines sustainability criteria for an environmentally and socially responsible aluminum value chain.

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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

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Glencore International pled guilty in the Southern District of New York to violations of the Foreign Corrupt Practices Act (FCPA). In addition, as part of a separate resolution, Glencore Ltd., pled guilty in the District of Connecticut to a commodity price manipulation conspiracy. Together, Glencore and Glencore Ltd.,

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Consumer Reports calls on Tesla to disable and update auto steering function, remove “Autopilot” name

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Tesla is now under scrutiny for how it deployed and marketed the Autopilot system after a series of crashes. By marketing their feature as ‘Autopilot,’ Tesla gives consumers a false sense of security. The company underscored that its beta software development process includes “significant internal validation.”. Earlier post.).

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