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Sasol bails on $13-$15B US GTL project, divests from Canadian shale; no new greenfield GTL

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In January 2015 Sasol announced it was delaying a final investment decision on the proposed project near Lake Charles, Louisiana to conserve cash in response to lower oil prices. The company will continue to develop its $11-billion ethane cracker project in Louisiana; the project is almost 80% complete. —Stephen Cornell.

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BP Pledges $500M for Independent Research into Impact of Deepwater Horizon Spill on Marine Environment

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BP pledged up to $500 million to an open research program studying the impact of the Deepwater Horizon incident, and its associated response, on the marine and shoreline environment of the Gulf of Mexico. More immediately, a baseline of information for the long term research program is needed. On 21 May, Rep.

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National Academies’ Gulf Research Program awards $10.8M to address systemic risk in offshore oil and gas operations

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The greatest risk in offshore oil and gas operations is the uncontrolled release of hydrocarbons and the threats such events pose to human health and safety, the environment, and infrastructure—as evidenced by the Deepwater Horizon disaster. Louisiana State University. Louisiana State University. Lead Organization.

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Transocean to pay record $1.4 billion in civil and criminal fines and penalties for role in Deepwater Horizon disaster

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The criminal information, and a proposed partial civil consent decree to resolve the US government’s civil penalty claims against Transocean Deepwater Inc. and related entities were filed in US District Court in the Eastern District of Louisiana. Transocean Deepwater Inc., Transocean Deepwater Inc. Pickens II, Scott M.

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EPA researchers suggest US electricity consumers should be willing to pay 2-4x for emission-free alternatives to fossil fuel electricity due to health impacts

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According to the US Energy Information Administration (EIA), the US average retail price of electricity to the end consumer in the US in October 2012 was $0.1192/kWh, ranging from a low of $0.0835/kWh in Louisiana to a high of $0.3742/kWh in Hawaii.). Click to enlarge. precursors (NO x and SO 2 ) on a per kilowatt hour basis.

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BOEM announces proposed Central Gulf of Mexico oil and gas lease sale; nearly 38 million acres available

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The sale will include all available unleased areas in the Central Planning Area offshore Louisiana, Mississippi and Alabama. The terms of sale also reflect a series of conditions to protect the environment.

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US Flow Rate Technical Group to Produce Report on Flow from Deepwater Horizon Well

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The National Incident Command’s Flow Rate Technical Group (FRTG) is coordinating efforts across the federal government to support the response and inform the public by providing scientifically validated information about the amount of oil flowing from BP’s leaking oil well while ensuring the vital efforts to cap the leak are not impeded.

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