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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

To help meet that demand, ExxonMobil is anticipating an investment profile of approximately $37 billion per year through the year 2016. In 2012 and 2013, the company expects to start up nine major projects and anticipates adding more than 1 million net oil-equivalent barrels per day by 2016. billion oil-equivalent barrels.

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Volkswagen Group’s Škoda to unveil 500 km Vision E electric concept at Shanghai show; leveraging MEB for electromobility

Green Car Congress

Škoda delivered more than 1 million vehicles to customers worldwide in 2016. Škoda operates at three locations in the Czech Republic, produces in China, Russia, Slovakia and India mainly through Group partnerships, as well as in Ukraine and Kazakhstan through local partners. It has belonged to Volkswagen Group since 1991.

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Toyota hybrid sales in Europe up 17% in 2015, representing 24% of total TME sales

Green Car Congress

With sales of both the new generation Prius and the new RAV4 hybrid about to start, the irreversible drive towards ever more hybrid sales in Europe will continue in 2016. A decline in sales in Eastern Europe (Russia, Kazakhstan, Ukraine and the Caucasus region) in line with the very strong market decline (-36%). Earlier post.).

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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

First production is expected in 2016. Kazakhstan/Russia: Caspian Pipeline expansion. The project is approximately one-third complete and has awarded contracts worth more than $25 billion. The Wheatstone LNG project was sanctioned in September 2011 and is entering its first year of construction. Canada: Hebron offshore development.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

The collapse in prices may mean we don’t see more white elephants like the Kashagan project in Kazakhstan, an offshore boondoggle that has required more than a decade of development, tens of billions of dollars, and still won’t come online for a few more years. The ratings agency cut its forecasted oil price for 2016 to just $48 per barrel.

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Toyota Motor Europe hybrid sales up 38% in first quarter; 30% hybrid mix

Green Car Congress

Toyota Motor Europe (TME) reported a 38% increase in its Q1 2016 hybrid sales (Toyota and Lexus brands) versus the same period last year, representing 30% of total sales, compared to 24% for the full calendar year 2015. Total TME sales for the first quarter of 2016 were 241,600 Toyota and Lexus vehicles, an increase of 5.1%

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