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NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

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The project builds on previous work by the group of companies, along with researchers from NTU and the NUS. This collaboration comes at a timely moment, on the back of rising oil prices. —Masaji Santo, President & COO, Chiyoda Corporation.

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Amyris renewable jet fuel receives regulatory approval in Brazil for blends up to 10%

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Building on the revised ASTM International standard for aviation turbine fuel approved in June, Brazil’s ANP last week removed the last regulatory hurdle for the use of our renewable jet fuel in Brazil. Amyris and its partners are contributing to reductions in greenhouse gas emissions with our renewable fuel.

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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. Since then, BP has worked with co-owners and contractors to simplify and standardize the platform’s design, reducing the overall project cost by about 60%. —Bob Dudley, BP Group Chief Executive.

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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new appliance standards and CAFE) and changes in the way energy is used in the US economy. Further, the fossil fuel share of primary energy consumption falls from 82% in 2011 to 78% in 2040 as consumption of petroleum-based liquid fuels falls, largely because of the incorporation of new fuel efficiency standards for light-duty vehicles.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. There is pressure to make European standards even more aggressive.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

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The Renewable Fuel Standard (RFS2) in the U.S. In addition, the industry faces barriers from the impending “blend wall” of 10% ethanol in gasoline and uncertainty regarding policies and oil prices. RFS and California’s Low Carbon Fuel Standard. has proved to be a limited driver thus far, with the U.S. —Miller et al.

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Total buys into Utica Shale with $2.32B joint venture transaction with Chesapeake Energy and EnerVest; expecting 100,000 boe/day by end of decade

Green Car Congress

Total is delighted to be building on our technical successes with Chesapeake in the Barnett Shale Joint Venture and to expand into the liquids-rich Utica Shale play in Ohio. This is consistent with our strategy to develop positions in unconventional plays with large potential and, in this case, with value predominantly linked to oil price.

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