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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF).

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GE and Shenhua open coal gasification joint venture in China

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A new report from GBI Research forecasts that the Asia-Pacific region will become the leading coal-producing region in the future, led by China. The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand. —Wang Xiaolin, deputy general manager of Shenhua Group.

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Opinion: Uranium Prices Set To Double By 2018

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With prices set to double by 2018, we’ve seen the bottom of the uranium market, and the negative sentiment that has followed this resource around despite strong fundamentals, is starting to change. But it now looks like we’ve reached the bottom, and the future demand equation says there’s nowhere to go but up—significantly up.

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Groundbreaking in Turkmenistan for major synthetic gasoline plant; first full-scale Haldor Topsøe TIGAS facility

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The plant has been awarded by the national gas company Turkmengas, and Topsøe will be working alongside the Japanese contractor Kawasaki Heavy Industry Ltd. and the Turkish contractor Rönesans Turkmen to engineer and construct the facility. —Bjerne S. Clausen, Chief Executive Officer and President at Haldor Topsøe A/S. Spath and D.C.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Although the recovery in the world economy since 2009 has been uneven, and future economic prospects remain uncertain, global primary energy demand rebounded by a remarkable 5% in 2010, pushing CO 2 emissions to a new high. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada.

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