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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

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Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d in 2009-2010. —US EIA. million-bbl/d Tapline to Lebanon.

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

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Looking to get in a hybrid for cheap? Used Toyota Prius 1.5 HSD 2004-2009 Review

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People might be bored reading about the Prius but a review on four Priuses (2004, 2005, two 2006s) that my family owns that ran a total of 913k km (570k miles) should be interesting, right? I found a a 2004 with 247k km (154k miles) on the clock. by BLNT, PriusPodcast.com. And how does a family end up with four Priuses to start with?

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EPA: US Greenhouse Gas Emissions Rose 1.4% in 2007

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The US Environmental Protection Agency (EPA) has released the national greenhouse gas inventory, which finds that overall emissions during 2007 increased by 1.4% Total emissions of the six main greenhouse gases in 2007 were equivalent to 7,150 Tg of carbon dioxide. percent from 1990 to 2007. in total between 2005 and 2007.

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Shell sets world record for deepest subsea oil and gas well in Perdido Development: 9,627 feet in Gulf of Mexico

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Shell Oil Company is now producing oil from what it says is the world’s deepest subsea well at its Perdido Development. miles) below the water’s surface, is located in the Tobago Field 200 miles southwest of Houston in the ultra-deep water of the Gulf of Mexico. Perdido produced its first oil and gas on 31 March 2010.

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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 well, located in Keathley Canyon block 102, approximately 250 miles (400 kilometers) south east of Houston, is in 4,132 feet (1,259 metres) of water. The well found oil in multiple Lower Tertiary reservoirs.

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