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BP Announces Giant Oil Discovery in the Deepwater Gulf of Mexico

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BP announced a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico (GOM). The Tiber well was drilled to a total depth of approximately 35,055 feet (10,685 metres) making it one of the deepest wells ever drilled by the oil and gas industry. The well found oil in multiple Lower Tertiary reservoirs.

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BP announces significant resource extension of Mad Dog Field in deepwater Gulf Of Mexico; total hydrocarbons estimated at up to 4B barrels of oil equivalent

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BP announced today the drilling of a successful appraisal well in a previously untested northern segment of the Mad Dog field in the deepwater US Gulf of Mexico. The well encountered about 166 net feet (50 meters) of hydrocarbons in the objective Miocene hydrocarbon-bearing sands and discovered an oil column of more than 300 feet (91 meters).

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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.

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CERA: Canadian Oil Sands Poised to Become the Top Source of Crude Imports to the US in 2010; Could Contribute Up To 36% of US Oil and Refined Products Imports by 2030

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Growth of production of Canadian oil sands. The Canadian oil sands are now poised to become the number one source of US crude oil imports in 2010, according to new research from the IHS CERA Canadian Oil Sands Dialogue. Also certain fields in the Gulf of Mexico and the Middle East have comparable GHG emissions. —“The

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Ford Becomes First Automaker to Join the Water Disclosure Project

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Going forward, Ford has set a goal to reduce new-vehicle greenhouse gas emissions in the US and Europe by 30% by 2020, compared to a 2006 model year baseline. From 2000 to 2008, Ford cut its global water use by 56%, or 9.5 Ford has reported to the CDP on its successful efforts to reduce its carbon footprint since 2003. billion gallons.

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UNEP Report Calls for More Sophisticated Approach to Developing Biofuels; Limitations of Current LCA Studies

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An important analytical issue that needs to be addressed, the report notes, is the lack of lifecycle assessment studies focusing on a wider set of environmental impact indicators than greenhouse gas emissions. World ethanol production for transport fuel tripled between 2000 and 2007 from 17 billion to more than 52 billion liters (13.7

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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Since 2000, the global rate of decarbonization has averaged 0.8%; from 2010 to 2011, global carbon intensity fell by just 0.7%. E7 economies—the BRICs (Brazil, Russia, India and China), and Indonesia, Mexico and Turkey. Because of this slow start, global carbon intensity now needs to be cut by an average of 5.1%