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Chevron approves next major Tengiz expansion project in Kazakhstan

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Chevron Corporation announced that its 50% owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP), which will increase crude oil production at the Tengiz oil field in Kazakhstan by about 260,000 barrels per day. billion, which includes $27.1

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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. All current production of oil and natural gas in Chad, Kazakhstan, Oman, and the UAE is from non-continuous resources (from high-permeability formations).

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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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Repsol and Alliance Oil to form an exploration and production JV in Russia

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Alliance Oil will hold a 51% stake in the joint venture and contribute producing assets in Volga-Urals Region while Repsol will own the remaining 49% and make an initial cash investment to finance future growth opportunities. Repsol also owns a 74.9%

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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 in Turkmenistan is extremely important to us, because it is the first large scale project in the world where we can showcase how our technology can help a nation with huge natural gas reserves monetize their natural resources by diversifying beyond conventional gas markets into transportation fuels. —Bjerne S. Spath and D.C.