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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

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Glencore buying in to Hydro Alunorte alumina refinery, MRN bauxite mining in Brazil

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Mining in Brazil’s Amazon forest. Left: distribution of mining leases and forests in 2015. Mining leases are shown as white polygons overlying Landsat imagery for 1985 and 2015. Today, around 120 different species are commonly used. Right: case study mining operations. Landsat pixel-based cloud-free mosaic, bands 3, 2, 1.

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Shell starts production at Vito in US Gulf of Mexico; new, simplified design

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With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the GoM to employ a simplified, cost-efficient host design. Shell is the leading operator in the US Gulf of Mexico for oil and gas production. Vito is Shell’s 13 th deep-water host in the Gulf of Mexico.

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Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

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shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S. shale output.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. billion recoverable oil-equivalent barrels. A former British colony located on the northeast coast of South America, Guyana borders Venezuela, Brazil and Suriname.

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Petrobras becomes largest oil producer among publicly traded companies

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In the third quarter of 2014, Petrobras surpassed ExxonMobil’s oil production, and is now the largest producer of liquid hydrocarbons among its publicly traded peers. Considering oil and natural gas, the company is now fourth in the ranking. in the case of Petrobras, and 1.5% in ConocoPhillips’ case.

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