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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

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IEA raises forecast global oil consumption in 2013 to 90.8 mb/d

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In its latest Oil Market Report , the International Energy Agency (IEA) raises its forecast for global consumption of oil to 90.8 mb/d in 2013, 240 kb/d more than in last month’s report and 930 kb/d (1.0%) up on 2012. Global crude oil supplies fell by 170 kb/d in December, to 91.2 mb/d y-o-y to around 75.9

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Technip acquiring Global Industries for $1.1B; bolstering subsea oil and gas capabilities

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France-based Technip is acquiring US-based Global Industries for $1.073 billion. Global Industries is a provider of subsea construction and pipelay, engineering, project management and support services. The transaction is expected to close early in 2012. The transaction price (US$8.00/share)

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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades.

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Ford, BASF partner to deliver auto industrys first castor oil-based foam in the 2012 Focus

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Ford and BASF have teamed up to develop a sustainable, plant-sourced castor oil-based foam product for the 2012 Ford Focus instrument panel. Castor oil is derived from the Ricinus Communis flowering spurge plant, which has widespread growth throughout tropical regions.

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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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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 growth in the industry over the next decade, Pike expects production volumes to fall short of an estimated 71.8 continue to pour into the industry. billion in 2011 to $185.3 billion by 2021.

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