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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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EIA: US importing more crude from Canada, even as total imports falling; 25% of imports in 2011, 28% so far in 2012

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The vast majority of Canada’s reserves and the expected future growth in Canada’s liquids production will derive from unconventional resources. Canada is the largest supplier of foreign oil to the United States, followed by Saudi Arabia, Mexico, and Venezuela. In 2012, Canada supplied the US with a record of nearly 2.5

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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Meanwhile, the volume of conventional resources sanctioned for development last year fell to 4.7 It brings an additional cause of concern for global energy security at a time of heightened geopolitical risks in some major producer countries, such as Venezuela, the IEA said. Oil discoveries declined to 2.4

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Russia supplied about 30 percent (146.6 The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices. They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). The US heavy oil resource approaches 100 billion. Of the total worldwide oil resources of 9–13 trillion barrels, 15% is estimated to be heavy (i.e., in 1988 to just above 2.3 Source: Chevron.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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Of the non-Saudi, non-Gulf Arab ally OPEC members, only Libyan per capita resources exceed the average. As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. trillion of $3.05 As the following table shows, their advantage is particularly large on a per capita basis.

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State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

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The proposed Keystone XL Project consists of a crude oil pipeline and related facilities that would primarily be used to transport Western Canadian Sedimentary Basin (WCSB) crude oil from an oil supply hub near Hardisty, Alberta, Canada to delivery points in Oklahoma and Texas. In 2009, Gulf Coast refineries imported approximately 5.1

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