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Aker Solutions awarded subsea gas compression contract for Jansz-Io

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Aker Solutions has been awarded a major contract from Chevron Australia Pty Ltd to provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia. The scope covers engineering, procurement and construction (EPC) of the all-electric subsea gas compression system. Earlier post.)

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

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To reduce the number of accidents in the global oil and gas industry caused by damaged pipelines, University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. When larger spills happen, pipelines are often the culprit.

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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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Chevron greenlights $5.6B Mafumeira Sul project offshore Angola

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Chevron Corporation’s Cabinda Gulf Oil Company Limited subsidiary will proceed with the development of the Mafumeira Sul project located offshore Angola. Once online in 2015, the project will build to a production capacity of 110,000 barrels of crude oil and 10,000 barrels liquefied petroleum gas per day. Click to enlarge.

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Soros signals Argentina’s shale is biggest place to be; doubles stake in YPF SA

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One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize—and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas. by James Stafford of Oilprice.com.

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National oil companies hold top spots in Energy Intelligence’s ranking of top oil firms

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State-owned oil companies are retaining their dominant position in the world petroleum industry according to Energy Intelligence ’s annual ranking of the world’s top 50 oil and gas companies, which was published today in Petroleum Intelligence Weekly (PIW). Supermajors retain four of the Top 10 spots. National Iranian Oil Company (NIOC).

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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.