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GE, Devon sign new technology collaboration agreement to drive unconventional resources innovations

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GE Oil & Gas and energy exploration and production company Devon Energy signed a new technology collaboration agreement (TCA) to drive innovations that will enhance the performance and economics of unconventional oil and natural gas projects as the demand for energy grows worldwide.

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GE to invest $110M in new Oil & Gas Global Research Center in Oklahoma

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General Electric will build a new Global Research Center in Oklahoma dedicated to driving innovation and technological advancements in the oil and gas sector and bringing products to market faster. Unconventional resources, and shale gas in particular, may be one of the biggest productivity drivers of our lifetime.

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Chesapeake selling Permian and midstream assets for $6.9B; Chevron, Shell and EnerVest acquiring Permian assets for combined $3.3B

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In addition, Chesapeake has sold or entered into purchase and sale agreements with two other companies to sell certain Mid-Continent midstream assets and also expects to enter into a fourth agreement to sell certain oil gathering assets in the Eagle Ford Shale for combined proceeds of approximately $300 million. Jefferies & Company, Inc.

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DOE Awards Up to $6.9M to Nine Projects for Shale Gas and Coalbed Methane Production

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NETL’s goals for these projects are to improve management of water resources, water usage, and water disposal, and to support science that will aid the regulatory and permitting processes required for shale gas development. Ground Water Protection Research Foundation, Oklahoma City, Okla. million (DOE share: $6.9

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