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GlobalData: best performing wells in Permian break-even at as low as US$22 per barrel

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During the last three years, companies operating in the Permian basin have drilled much longer laterals and used substantially more complex well completion design in their newer wells with the aim of reaching higher initial production (IP) rates. —Svetlana Doh, Oil & Gas Analyst at GlobalData.

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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

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ExxonMobil discovers oil and gas in Argentina shale well; expands presence in Permian shale in US

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ExxonMobil Exploration Argentina, jointly with Gas y Petróleo del Neuquén, has discovered oil and gas in an unconventional shale well in Neuquén Province of Argentina. Located in the liquids-rich area of the Vaca Muerta play, the Bajo del Choique X-2 well was drilled to a total measured depth of approximately 15,000 feet (4,570 meters).

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US Flow Rate Technical Group to Produce Report on Flow from Deepwater Horizon Well

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The US government has created a Flow Rate Technical Group (FRTG) to develop a more precise estimate of the flow rate from the Deepwater Horizon well. It has, and will continue, to support the government’s work to determine the rate of flow from the well. As well, there is natural gas in the riser.

Oil 210
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ICCT-ClimateWorks: well-designed vehicle standards and fuel feeds could reduce combined US, China and EU CO2 emissions by 1.3 Gt in 2030, boost economy

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Vehicle efficiency improvements via effective standards and policies could reduce annual CO 2 e emissions from the US, China, and the EU by 1.3 The US, China, and the EU could reduce their combined annual CO 2 emissions by 1.3 Gt at a savings of about $135 billion per year by 2030. Source: McKinsey & Co., ICCT-ClimateWorks.

Standards 300
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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

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Global rating agency Fitch Ratings expects the financial profiles of US automakers and parts suppliers to remain resilient in a downside scenario characterized by sluggish global economic growth and weaker-than-expected North American light-duty vehicle demand. to be seen throughout the US auto sector. Continued global. As the average.

2012 186
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US DOE releases national clean hydrogen strategy and roadmap

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The US Department of Energy (DOE) released the US National Clean Hydrogen Strategy and Roadmap , a framework for accelerating the production, processing, delivery, storage, and use of clean hydrogen. It also complements the massive $9.5-billion

Clean 415