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Chevron greenlights $5.6B Mafumeira Sul project offshore Angola

Green Car Congress

Chevron Corporation’s Cabinda Gulf Oil Company Limited subsidiary will proceed with the development of the Mafumeira Sul project located offshore Angola. Located 15 miles (24 km) offshore Cabinda province in 200 feet (60 m) of water, the Mafumeira Sul project is the second stage of development of the Mafumeira Field located in Block 0.

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Eni announces first production from the Junin-5 giant heavy oil field in Venezuela

Green Car Congress

PDVSA and Eni plan to increase production to approximately 15,000 barrels a day by the year end and subsequently to 75,000 barrels a day by early 2015, through the drilling of approximately 180 wells. Deepwater Angola. The well was drilled at a water depth of 976 meters and reached a total depth of 4,107 meters.

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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PFT technology processes bitumen on-site to remove water and solids and improve bitumen quality. Other environmental innovations include on-site water storage to reduce water use, progressive land and tailings reclamation, and a state-of-the-art waterfowl deterrent system.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

The Ichthys project consists of the development of the Ichthys gas and condensate field offshore North West Australia lying in 260 meters (853 feet) of water depth and the construction of an 889-kilometer (552-mile) gas transmission pipeline together with an onshore LNG plant near Darwin in the Northern Territory. million tons per year.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 in 2015 and 2016 respectively). in 2015 and 2016 respectively). percent of GDP in 2014.

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