Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change
Green Car Congress
DECEMBER 8, 2011
Kazakhstan/Russia: Caspian Pipeline expansion. Global exploration funding is expected to be $3 billion in 2012. Investments include refinery projects geared toward improving returns by increasing energy efficiency and feedstock flexibility, and producing cleaner fuels. Brazil: development of the Papa-Terra deepwater field.
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