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Sasol bails on $13-$15B US GTL project, divests from Canadian shale; no new greenfield GTL

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In January 2015 Sasol announced it was delaying a final investment decision on the proposed project near Lake Charles, Louisiana to conserve cash in response to lower oil prices. Sasol’s foundation businesses are cash positive at a US$40 per barrel oil price.

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IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

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The low levels in discoveries come as a result of a pullback during the past 10 years in the wildcat drilling that targets conventional oil and gas plays—most drastically after oil prices collapsed in 2014. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

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NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

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The project builds on previous work by the group of companies, along with researchers from NTU and the NUS. This collaboration comes at a timely moment, on the back of rising oil prices. NTU researchers will work closely with our partners to develop better catalysts, and more efficient reactors for extracting hydrogen.

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BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

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BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. as the drop in oil prices over the last year has put a strain on the nation’s finances.". James Crandell, a Cowen & Co. percent to $38.1 SAGIA is not making idle claims.

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MITEI releases report on Electrification of the Transportation System

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Electrification will also reduce oil dependence, providing foreign policy benefits and the potential to reduce real oil prices and oil price volatility. pollution, noise) to allow less energy-intensive building and community design. Vehicle technologies. —Deutch and Moniz.

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Researchers Sequence Genome of Sugarcane Ethanol Yeast; Potential for Cellulosic Ethanol

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When oil prices rose to new highs in the 1970s, Brazil invested in ethanol created from the its sugar cane crops. Commercially available baker’s yeast was used to break down the sugar cane into ethanol, but genetic tests showed that this yeast quickly disappeared in the harsh environment of industrial fermentation vats.