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BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

Green Car Congress

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Oil production is expected to begin in late 2021. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.

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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. Aside from a single week in October, the US oil industry has deployed more rigs in every week dating back to June, a remarkable run that has resulted in more than 200 fresh rigs drilling for oil.

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Total buys into Utica Shale with $2.32B joint venture transaction with Chesapeake Energy and EnerVest; expecting 100,000 boe/day by end of decade

Green Car Congress

Total’s subsidiary, Total E&P USA, Inc. This is consistent with our strategy to develop positions in unconventional plays with large potential and, in this case, with value predominantly linked to oil price. a subsidiary of Chesapeake Energy Corporation and affiliates of its partner EnerVest Ltd.

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Annual increases in CO2 slows down

Green Cars News

With oil prices surging in the summer of 2008, the annual increase in global emissions of carbon dioxide (CO2) from oil, coal, gas and cement production appear to have halved according to preliminary estimates by the Netherlands Environmental Assessment Agency. Who said no good has come from the global financial crisis?

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Study Finds Integrated Biorefinery Processes Could Be Highly Competitive With Petroleum Fuels on Efficiency and Costs, While Offering Substantial Reductions in Greenhouse Gas Emissions

Green Car Congress

It seeks to identify and evaluate paths by which biomass can make a large contribution to energy services in the USA and determine how we can accelerate biomass energy use. Achieve production costs consistent with gasoline when oil prices are at about $30 a barrel. Professor Lee Lynd, Dartmouth College.

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Transportation emissions slashed in USA

Green Cars News

Factors believed to have influenced the decrease include record-high oil prices as well as a decline in economic activity. Oil-related emissions dropped by six per cent - which accounts for the bulk of the overall reduction in energy related CO2 emissions.

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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Solar, Wind and Biofuels Grew 53 Percent in 2008 Green Education = Environmental Religion? Review of Forestry Carbon Standards 2008 Ford Partners to Commercialize Electric Vehicles A New "Green" Deal.Direction for the economic re. The Three Prongs of the “Green&# Energy Stimulus Pa. SZ (1) 6753.T

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