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Total to acquire Engie’s upstream LNG business, becoming 2nd largest global LNG player

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This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long-term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe. This transaction will bring to Total: 2.5

Global 150
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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. —Eklavya Gupte, senior editor for S&P Global Platts. million b/d in June in order to meet domestic demand.

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Ford Sustainability Report details pilot program in South Africa to deliver health care, education

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A new Ford Motor Company pilot program aims to enhance mobility health services in rural areas of South Africa and Nigeria. Ford Motor Company and its philanthropic arm, Ford Fund, have worked for decades on multiple projects globally to advance human welfare; Project Better World is the latest example. Mobility and electrification.

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GE to expand sodium-halide battery plant with $70M investment

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GE Energy Storage was born in New York’s Capital Region from an idea that we turned into an advanced manufacturing plant and a global business that we expect will generate more than $1 billion in revenue annually in just a few years.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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While the Department of Defense (DoD) is one of the world’s largest fuel users, its consumption of about 340,000 bpd is a small fraction (less than one-half of 1 percent) of global petroleum demand. While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high.

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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

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Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia. —Andreas Schlosser, Ricardo Strategic Consulting managing director for Central Europe.

Market 210
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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

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million in payments to be made to intermediary companies in order to secure improper advantages to obtain and retain business with state-owned and state-controlled entities in West Africa, including Nigeria, Cameroon, Ivory Coast, and Equatorial Guinea. operated a global commodity trading business, which included trading in fuel oil.