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ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. The Asian Development Bank (ADB) has approved a $240.3-million

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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The addition of four countries—Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)—to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas. Kazakhstan’s oil production increased by 24% to 1.7

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Opinion: Uranium Prices Set To Double By 2018

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With prices set to double by 2018, we’ve seen the bottom of the uranium market, and the negative sentiment that has followed this resource around despite strong fundamentals, is starting to change. Morningstar analyst David Wang predicts prices will double within the next two years. by James Stafford of Oilprice.com. Not even close.

2018 150
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Crypto’s Slow Motion Gold Rush

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Combined with a rally in the price of Bitcoin starting in June, the ban prompted a scramble to set up whole new operations or relocate mining chips stranded in China. And the cost and complexity of moving such large amounts of gear, particularly when global shipping is facing major delays, suggest much may still be lying idle.

Chinese 104
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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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One casualty of the oil price downturn could be the megaproject. The collapse of oil prices, however, could kill off the megaproject. A combined $19 billion in write-downs was recorded in the last week of October as the oil industry reported third quarter earnings. by Nick Cunningham of Oilprice.com. Shale Will Have To Wait.

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.

Oil 247
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An Army of Grain-harvesting Robots Marches Across Russia

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And not all countries have reliable satellite coverage—in agricultural markets like Kazakhstan, coverage can be unstable. We haven't yet seen another industrial system that can drive completely with computer vision, but one-eyed Vasya showed us that this was possible. With our copilot, drivers' workloads are very low.

Russia 121