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ExxonMobil holds the leading acreage position in Brazil among international oil companies and added more than 450,000 acres in 2019, for a total of 2.5 million net acres. The company has plans to increase exploration activity in 2020 and 2021, and Phase 1 of the Bacalhau field development is progressing on schedule.
But after raising some US $686 million , building three large undersea drilling robots, and securing a license to mine the seabed off PapuaNewGuinea, Nautilus went bankrupt in November 2019. At the same time, the International Energy Agency projects that 145 million electric vehicles will be on the road by 2030.
A 2004 lifecycle analysis synthesis report prepared by Five Winds International for ConocoPhillips, Sasol Chevron and Shell International Gas concluded that: Total GHG emissions of the GTL system are between 12% less and 11% more than the refinery system, based on varying assumptions and data. Earlier post.)
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All those are among the surprising programs affected by the Trump administrations possible shutdown of the United States Agency for International Development, which, in addition to its other work, has established and maintained overseas national parks and conservation areas. That role now has an uncertain future. On Friday, the U.S.A.I.D.
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