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Siemens developing power technology for deep sea oil and gas facilities

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Siemens is developing power technology for deep sea, self-sufficient oil and gas extraction facilities. Located thousands of meters under water, these factories will need to operate reliably for several decades. As an example, beginning in 2020, Statoil plans to build oil and gas extraction facilities deep under water.

Oil 220
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KU Leuven team creates solar panel that produces hydrogen from moisture in air

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Bioscience engineers at KU Leuven have created a solar panel that produces hydrogen gas from moisture in the air. Twenty of these solar panels could provide electricity and heat for one family for an entire winter. A traditional solar panel converts between 18 to 20% of the solar energy into electricity.

Solar 321
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Argonne LCA study finds many alternative fuels consume more water than petroleum and natural gas fuels

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Researchers at Argonne National Laboratory have analyzed the water consumption for transportation fuels in the United States using an extended lifecycle system boundary that includes the water embedded in intermediate processing steps. Increases in population, energy and food demand now strain previously abundant sources of water.

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Petrobras’ June oil production in Brazil up 1.7% exceeding 2M bpd; gas production reaches record

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Petrobras’s June oil production in Brazil averaged 2,008 thousand barrels/day (bpd), up 1.7% The company’s oil and natural gas production in Brazil in the same month was 2,426 thousand barrels of oil equivalent per day (boed), indicating a 1.6% from May’s production of 1,975 thousand bpd.

Brazil 265
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Petrobras signs agreement with Jogmec for a flexible pipe project for ultradeep waters

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Petrobras has signed an agreement with Jogmec (Japan Oil, Gas, and Metals National Corporation) with the aim of commencing a technical feasibility study on flexible pipes for oil production in the pre-salt cluster. The study is scheduled for completion in December 2014.

Water 199
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$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

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OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. mb/d for 2035 to 2040.

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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

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The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. DOE will continue to focus on significantly increasing the amount of cost-competitive electric power from renewable resources across the nation by further accelerating the development and commercialization of these technologies.

2014 225