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Oil Majors’ Costs Have Risen 66% Since 2011

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Apex put together a proprietary index that measures cost pressure for the “supermajors” – ExxonMobil, Royal Dutch Shell, Chevron, Eni, Total and ConocoPhillips. Eni, for example, saw its development costs decline by 32 percent between 2011 and 2015, a notable achievement. But costs still stood 66 percent higher than in 2011.

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Consolidated bioprocessing company Aemetis licenses plant oil hydroprocessing technology from Chevron Lummus Global for renewable jet and diesel

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CLG is a completely integrated source for hydroprocessing technologies, catalysts, reactor internals and engineering and is a 50-50 joint venture between Chevron Products Company, a wholly owned subsidiary of Chevron Corporation, and Lummus Technology Inc., Outline of the Biofuels ISOCONVERSION process. Source: ARA. Click to enlarge.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Source: Chevron. Here, Chevron has reduced its steam:oil ratio (i.e.,

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California Air Resources Board issues nearly $1M in fines for failures to report GHG emission

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The California Air Resources Board announced nearly $1 million in penalties against 3 companies for late or inaccurate reporting of their greenhouse gas emissions for 2011. Utilities and industrial facilities emitting more than 10,000 metric tons of carbon dioxide annually are required to report their greenhouse gas emissions.

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Cascadia Capital forecasts flurry of MA and commercialization in clean tech in 2011; US Congress to discard Cap and Trade

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energy sector will spur a flurry of M&A and investment activity in 2011 as renewable energy. Sustainable Industries Predictions for 2011 include: Cap and Trade Discarded by Congress in National Energy Policy. energy will be ready for commercialization in 2011, with companies like Plasco Energy. technologies mature.

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KiOR signs second offtake agreement for renewable gasoline and diesel blendstocks

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This is the second offtake agreement KiOR has signed for its Columbus, MS, facility, having announced an agreement with Hunt Refining Company in March of 2011. Earlier post.) KiOR expects to begin production at its Columbus facility in the second half of 2012.

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Lux: Total is leading example of oil supermajor expanding into solar plus storage and distributed generation

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Expanding into an area outside of the oil supermajors’ expertise is risky—batteries are a hard business to win even for industry veterans—but action is key as transportation and the grid increasingly march toward more electrification, Lux suggests. It’s not just the battery anymore.

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