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MIT Study Suggests US Oil Output Forecasts Vastly Overstated
Category: Education / Research
Turns out, America’s decade-long shale boom might just end up being a little too good to be true. There’s no denying that fracking has turned the U.S. into a force in the global oil and gas markets, which has more than a few people abuzz about the prospect of energy independence. But now, researchers at MIT have […]
Source: Bloomberg
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Statoil Greenlights Key $6 Billion Norway Arctic Oil Project
Category: Energy
Statoil ASA gave the final go-ahead to a flagship Arctic oil project after slashing costs by half. While expected, the move by Norway’s biggest oil company is a boost to a region seen as key to arresting a decline in the country’s production. In a striking illustration of how oil companies have adapted to lower prices, […]
Source: Bloomberg
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Exxon Mobil CEO makes first big changes to refining
Category: Energy
Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company’s refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said on Monday. The changes at the world’s largest publicly traded oil producer are the most sweeping to date by Woods, who became chief executive in […]
Source: Reuters
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A new ‘electric highway’ is going to connect Europe from Norway to Italy
Category: Automobile / Transport
A few days after announcing its massive electric vehicle charging infrastructure expansion, European electric utility E.ON elaborated on its actual plan to rollout charging stations across Europe – including an ‘electric highway’ of ‘ultra-fast charging stations’ that will connect Norway to Italy. Aside from the announcement that they will have as many as 10,000 charge points by 2020 […]
Source: Elctrek
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Norway Oil Bosses Insist End Isn’t Nigh After $35 Billion Shock
Category: Energy
Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible. But the mood is shifting. […]
Source: Bloomberg
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