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

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By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. China: development of the Chuandongbei natural gas project. million barrels per day.

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ICCT study finds GHGs from shipping on the rise

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Ships registered to Panama (15%), China (11%), Liberia (9%), Marshall Islands (7%), Singapore (6%), and Malta (5%) were the largest emitters. Naya Olmer, Bryan Comer, Biswajoy Roy, Xiaoli Mao, and Dan Rutherford (2017) “ Greenhouse gas emissions from global shipping, 2013–2015 ”.

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ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

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Dwindling sea ice is opening new shipping routes through the Arctic and shipping activity in the Arctic is expected to rise as oil and gas development increases and as ships take advantage of shorter trans-Arctic routes from Asia to Europe and North America. Bottom: Black carbon emissions (tonnes) in the Arctic, 2015. Click to enlarge.

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Eni reports important new discovery offshore Congo

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The exploration well, Nene Marine 3, was drilled in a water depth of 28 meters (92 feet) and encountered a significant wet gas and light oil accumulation in the pre-salt clastic sequence, outlining a significant extension to the west of the reservoir and its hydraulic continuity. billion barrels of oil equivalent in place.

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