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ofo and SoftBank enter basic agreement to collaborate on bike-sharing in Japan

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reached a basic agreement to collaborate on the deployment of ofo’s global bike-sharing business in Japan. In addition, ofo and SoftBank C&S plan to launch initially in Tokyo and Osaka in September 2017. Existing backers, including ride-sharing firm Didi and DST Global, also took part. China-based bike-sharing provider ofo Inc.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Kazakhstan/Russia: Caspian Pipeline expansion. Global exploration funding is expected to be $3 billion in 2012. We believe these investments will yield significant production growth and reward our shareholders for years to come.

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Opinion: Uranium Prices Set To Double By 2018

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Mining Weekly expects “the period from 2017-2020 to be a landmark period for the nuclear sector and uranium stocks, as the global operating nuclear reactor fleet expands.”. Morningstar analyst David Wang predicts prices will double within the next two years. Considering that nearly half of the U.S.’

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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By 2017, the company says it will cease deepwater exploration and will sell off its offshore leases that it does not plan on developing. Moody’s Investors Service sees the contraction as too little to make a significant dent in the global supply gut. Conoco has the rights to 2.2 rig count has declined by more than half, U.S.

Oil 150
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. While there is still time to act, the window of opportunity is closing. —WEO 2011.

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