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Chevron approves next major Tengiz expansion project in Kazakhstan

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Chevron Corporation announced that its 50% owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP), which will increase crude oil production at the Tengiz oil field in Kazakhstan by about 260,000 barrels per day. billion, which includes $27.1

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UH researchers developing autonomous robot for subsea oil and gas pipeline inspection

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The transformative technology will make the inspection process far safer and more cost effective, while also protecting subsea environments from disaster. Corrosion is responsible for most small leaks, but the impacts can still be devastating to the environment. When larger spills happen, pipelines are often the culprit.

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BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

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BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. This announcement shows that big deepwater projects can still be economic in a low price environment in the US if they are designed in a smart and cost-effective way. In 2013, BP (operator, with 60.5%

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Gov’t, industry, national labs collaborate on comprehensive cradle-to-grave LCA study and economic assessment of LDV GHG reductions

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The costs to consumers for established fuels were based on the US Energy Information Administration’s (EIA’s) 2015 Annual Energy Outlook, while techno-economic analysis models with consistent economic assumptions were used to estimate the costs for hydrogen and advanced bio-derived fuels. Credit: ACS, Elgowainy et al. Click to enlarge.

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NASA Administrator Bolden Highlights Importance of Green Aviation to Future of NASA

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Bolden said air travel is one of the safest modes of transportation and vital to the US economy, but increasing air traffic is taking a toll on the environment and the nation’s aviation infrastructure. Examples of green technology NASA has developed in the past include winglets and chevrons.

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With oil prices low, early signs of a pullback in drilling activity

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For example, ExxonMobil and Chevron have been insulated in the third quarter because of their large holdings in refining. Chevron’s refining program succeeded in quadrupling its profits in the third quarter, more than offsetting the hit the company has taken from the slide in oil prices.

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Opinion: Can Argentina Capitalize On Its Vast Shale Reserves?

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The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. Price caps and export restrictions have added to what many view as a trying business environment. Exploration and production in Argentina is also expensive.

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