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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 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. China: development of the Chuandongbei natural gas project. million barrels per day.

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GE and Shenhua open coal gasification joint venture in China

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a 50:50 joint venture with Shenhua Group to advance the development and deployment of “cleaner coal” technology solutions in China. The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand. GE announced the opening of GE Shenhua Gasification Technology Company Ltd.,

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GE Transportation Unveils New Evolution Series Locomotive; 17% Reduction in Fuel Consumption, 70% Reduction in Emissions

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The new model, which is part of GE’s ecomagination program, delivers a cleaner, faster, safer and more reliable alternative to the aging North American fleet of DC-powered locomotives. million tons of carbon dioxide, a major greenhouse gas. The new Model ES44C4. Click to enlarge.

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Opinion: Uranium Prices Set To Double By 2018

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But the toxicity levels have dissipated, and nuclear energy is rebounding as a cleaner power source with next generation safeguards. Currently, the world is increasingly recognizing nuclear energy as the cheaper, cleaner, and greener option—as indicated by the number of reactors being built. As a result, supplies are dwindling.

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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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Natural gas also plays a growing role in the transport sector, its share rising from 3% to 4%. The use of natural gas grows most in road transport, where its share rises from 1% to 3%. Currently the dominant use of gas in the transport sector is in gas compression for pipeline transport and distribution.

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