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Petrobras’ total production tops 2.7 million barrels of oil equivalent per day in August

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Petrobras’ consolidated oil and natural gas production in Brazil and abroad reached 2,759 thousand barrels of oil equivalent per day (boed), rising 2.2% from a reported production of 2,699 thousand boed in July. Petrobras’s domestic oil production increased by 2.7% Increasing production in the pre-salt.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. —Secretary General Sentyurin.

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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

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Asia now consumes more than 30 million barrels of oil per day—roughly the same as all of the Americas—but its oil production stands at roughly 9 million barrels per day, the report notes, leaving the region dependent on external sources for more than 70% of its petroleum—triple the import level of the Americas.

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Study Concludes A Second Hydrocarbon Boom Threatens the Peruvian Amazon

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A rapid proliferation of oil and gas concessions threatens the Peruvian Amazon, according to a study by a pair of researchers from the Institut de Ciència i Tecnologia Ambientals (ICTA) of the Universitat Autònoma de Barcelona (UAB), and the Washington DC-based NGO Save America’s Forests (SAF). Click to enlarge.

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This Startup Is Using AI to Help Keep Store Shelves Stocked

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Shoppers are seeing more and more empty shelves, as stores around the world struggle to keep products stocked. The product-unavailability rate increased from 5 percent to 15 percent during the past three years, according to the Consumer Brands Association. Employees counted each product and recorded the information on a platform.

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11 Intriguing Engineering Milestones to Look for in 2023

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Perhaps most important, it requires transparency in the algorithms used to provide product and content recommendations. One will provide Internet to rural Peru, two will service airplanes and cruise liners, and the final satellite’s use is yet to be disclosed. Revenge of the Geosynchronous Satellites! Hurricane-Model Overhaul U.S.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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million units—a 10% drop from 2013; with politics impairing Argentina and Venezuela, and the economic climate weighing down markets like Brazil, Chile and Peru, where it may take a few years for demand to recover to previous highs. The year preliminarily closed with 5.34 Europe; Russia influences.

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