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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

Major capital investments include developments in Australia, the deepwater Gulf of Mexico, Nigeria, Angola and China. First production is expected in 2016. Angola: Angola LNG and development of Mafumeira Sul. Spending of $28.5 The project has already awarded $6 billion in contracts. Canada: Hebron offshore development.

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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

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First production is expected at the end of 2016. Total Gas & Power Limited, the gas trading subsidiary of Total, will also purchase 0.9 The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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per barrel prices in 2015 and 2016, oil export revenues will undershoot these pessimistic IMF projections, as crude prices are projected to stay below $60 through 2016 (EIA estimates for Brent are $54.07 in 2015 and 2016 respectively). in 2015 and 2016 respectively). Death by Energy. billion respectively). Wary of U.S.

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Using AI to Clear Land Mines in Ukraine

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Steinberg: So it started in 2016 with my partner, Jasper Baur, doing a research project at Binghamton University in the remote sensing and geophysics lab. So there’s a paper that the HALO Trust published of flying a lidar mission over former fighting positions , I believe, in Angola. And they reliably found a former trench line.

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