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ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. The Asian Development Bank (ADB) has approved a $240.3-million

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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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The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand. The new company combines GE’s expertise in industrial gasification technologies with Shenhua’s expertise in coal gasification and coal-fired power generation.

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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. It’s impossible to find another natural resource that is so fundamentally necessary and yet has carried such negative sentiment as uranium.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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Often these megaprojects projects were only the purview of the largest oil companies, as smaller players did not have the resources—financial or technological—to make them work. A combined $19 billion in write-downs was recorded in the last week of October as the oil industry reported third quarter earnings.

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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.