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

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The Asian Development Bank (ADB) has approved a $240.3-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 decline of global oil prices since 2014 and lower external demand has encouraged the government to create a favorable environment for business-driven regional economic development.

Foster Wheeler awarded contract for hydrogen production unit in Kazakhstan for major refinery modernization

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A subsidiary of Foster Wheeler AG’s Global Engineering and Construction Group has been awarded a contract for the basic engineering design of a new hydrogen production unit, based on Foster Wheeler Terrace Wall steam reforming technology, to be built at the Atyrau Refinery in Kazakhstan.

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US, China, and G-20 agree to work to global phase down of HFCs

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This was agreed by: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey,the United Kingdom, the United States, and the European Union, as well as Ethiopia, Spain, Senegal, Brunei, Kazakhstan, and Singapore. The US reached separate agreements with the G-20 and with China to address the rapid growth in the use and release of climate-damaging hydrofluorocarbons (HFCs).

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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. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets. Kazakhstan’s oil production increased by 24% to 1.7

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ofo and SoftBank enter basic agreement to collaborate on bike-sharing in Japan

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reached a basic agreement to collaborate on the deployment of ofo’s global bike-sharing business in Japan. Existing backers, including ride-sharing firm Didi and DST Global, also took part. Ofo currently serves markets in China, Singapore, the UK and Kazakhstan; service in some US cities begins this year. million bicycles in operation globally; ofo users take more than 25 million rides via the platform each day. China-based bike-sharing provider ofo Inc.

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Toyota Europe Q1 hybrid sales up 82.3% for 20% of total sales; Auris Hybrid the leader

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Cumulative sales of Toyota and Lexus full hybrid models in Europe since 2000 reached 544,184 units at the end of March 2013, contributing to some 10% of Toyota’s global full hybrid sales. As we approach our global 5-million full hybrid sales milestone, the strong sales performance of our hybrid products in Europe is particularly encouraging. Toyota Motor Europe (TME) posted 2013 first quarter sales of 197,309 Toyota and Lexus vehicles in Europe.

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4,500th GE Evolution Series Locomotive enters service; reductions in fuel consumption and emissions

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The Evolution Series Locomotives operate in key rail markets worldwide, including in the US, Canada, Mexico, Brazil, Egypt, Kazakhstan, China, Mongolia, and Australia. The company plans to invest approximately $200 million in a new manufacturing plant in Fort Worth, Texas, as well as significant technology upgrades at its more than 100-year old manufacturing facility in Erie, Pennsylvania to meet accelerating domestic and global demand.

2011 74

ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

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Tillerson said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels. Nine major upstream projects are expected to start-up in the next two years including four in West Africa, Kashagan Phase 1 in Kazakhstan and the Kearl Oil Sands project in Canada.

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Canadian Pacific Selects GE Transportation’s Trip Optimizer; Locomotive Fuel Savings of 6-10% in Testing

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Currently, other pilots are being conducted in various global regions including bulk commodity testing that is showing even greater fuel savings. More than 3200 Evolution locomotives are currently operating in the United States, Canada, Mexico, Brazil, China, Mongolia, Australia, Kazakhstan and Egypt, and approximately 17,000 GE locomotives are in use in more than 50 countries around the world.

2009 60

JPL study finds Earths largest lakes warming due to climate change

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In the first comprehensive global survey of temperature trends in major lakes, researchers have determined that Earth’s largest lakes have warmed during the past 25 years in. warming trend was global, and the greatest increases were in the mid- to high-latitudes of the. The bodies studied were selected from a global database of lakes and wetlands based on size. slightly weaker in southeastern Europe, around the Black and Caspian seas and Kazakhstan.

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

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The collapse in prices may mean we don’t see more white elephants like the Kashagan project in Kazakhstan, an offshore boondoggle that has required more than a decade of development, tens of billions of dollars, and still won’t come online for a few more years. Moody’s Investors Service sees the contraction as too little to make a significant dent in the global supply gut. Moody’s sees global oil production rising by 1 million barrels per day in both 2015 and 2016.

2015 73

Opinion: Uranium Prices Set To Double By 2018

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Mining Weekly expects “the period from 2017-2020 to be a landmark period for the nuclear sector and uranium stocks, as the global operating nuclear reactor fleet expands.”. “It’s As the specter of nuclear accidents wanes in the aftermath of Fukushima and climate change fears move to the top of the chain, uranium is set for a global sentiment transformation. by James Stafford of Oilprice.com.

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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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Kazakhstan/Russia: Caspian Pipeline expansion. Global exploration funding is expected to be $3 billion in 2012. Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012. Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. We continue to develop an unparalleled project queue.

EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. The largest source of growth in 2010 is the United States, followed by Brazil, Azerbaijan, and Kazakhstan. Projected US CO 2 growth from fossil fuels. Source: EIA. Click to enlarge.

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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. At a high level, the report notes that there are few signs that the urgently needed change in direction in global energy trends is underway.

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