The CCUS Summit. held ahead of the IEA’s 2017 Ministerial Meeting. was co-chaired by Rick Perry. the United States Secretary of Energy and Dr Fatih Birol. the IEA Executive Director.
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The new venture is seeking regulatory approvals and would be run as an independent entity. the consortium said in a statement.
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Five European energy firms are financing the 1.225 km (760 mile) pipeline to carry 55 billion cubic metres of gas per year.
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The other oil majors. by and large. also appear able to cover their capex and dividends with their cash flow. or at least are coming pretty close.
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Oil giant Rosneft has also planned to venture into LNG. and signed in May 2014 a preliminary deal with ExxonMobil to cooperate on the Far East LNG project.
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Over the last couple of years. Big Oil has demonstrated more than once that it’s set on becoming more flexible. leaner. and more efficient.
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The block was offered as part of Brazil'.s 3rd production sharing bidding round.
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France'.s Total signed a $4.8-billion contract in July to develop the South Pars Gas Field.
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Total. Gazprom. Schlumberger. Pertamina and Petronas are among the oil majors studying Iran'.s hydrocarbon reservoirs.
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Tehran aims to sign 10 new oil and gas deals by the end of the current fiscal year (March 20. 2018).
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