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  1. Chevron cuts annual E&P spend by 15%

    Offshore staff SAN RAMON, California -- Chevron has unveiled a $19.8-billion capital and exploratory investment program for 2017, around 15% down on its projected investments during 2016. Chariman and CEO John Watson said: “Our spending for 2017 targets shorter-cycle time, high-return investments and completing major projects under construction. In fact, over 70% of our planned upstream investment program is expected to generate production within two years. "This is the fourth consecutive year of spending reductions. Construction is nearing completion on several major capital projects, which are now online or expected to come online in the next few quarters. This combination of lower spending and growth in production revenues supports our overall objective of becoming cash balanced in 2017."  Of next year’s planned upstream program, $7 billion is related to major projects under way, including around $2 billion toward completion of the Gorgon and Wheatstone LNG projects offshore Western Australia . Global exploration accounts for roughly $1 billion of the total upstream budget. 12/9/2016

    Online Articles

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    Fri, 9 Dec 2016

  2. Frigstad exits deepwater drilling rig venture

    Frigstad Offshore Group is selling its shares in its subsidiary Frigstad Deepwater Holding Ltd. to a subsidiary of China International Maritime Containers Group.

    Online Articles

    Online Articles

    Wed, 7 Dec 2016

  3. Chevron sets 2017 capital budget at $20 billion

    Chevron Corp. has cut its planned capital and exploratory investment program for 2017 by 15% from this year and 42% from 2015 to $19.8 billion, which includes $4.7 billion of planned affiliate expenditures.

    Online Articles

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    Thu, 8 Dec 2016

  4. Solar Power: Sungrow inverters power Sacramento Kings’ NBA basketball arena

    The venue will be the first indoor sports arena to have its entire energy supply sourced from solar power, with a 700kW rooftop array.

    Online Articles

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    Sat, 10 Dec 2016

  1. Renewable Energy: DiCaprio meets with Trump on green jobs to boost economy

    Online Articles

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    Fri, 9 Dec 2016

  2. GE analysis identifies potential for cleaner coal and gas

    New data compiled by analysts at General Electric has found that coal and gas-fired power plant emissions can be reduced by 10 per cent when existing hardware and software solutions are fully applied.

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    Wed, 7 Dec 2016

  3. MARKET WATCH: NYMEX front-month oil futures price hovers at $50-51/bbl

    The US light, sweet crude oil futures contract for January delivery jumped by about $1 to settle at nearly $51/bbl on the New York market Dec. 8. Analysts said oil prices appeared to be holding fairly steady in early Dec. 9 trading pending a Dec. 10 meeting of producers.

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    Fri, 9 Dec 2016

  4. Riverstone Completes Acquisition of Talen Energy Corporation

    The move immediately privatizes the company, and Talen’s stock has ceased trading on the New York Stock Exchange.

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    Wed, 7 Dec 2016

  5. Ruling: Germany must pay utilities over nuclear phase-out

    Germany’s constitutional court has ruled that the country’s government must compensate utilities for the decision to phase out nuclear power entirely by 2022.

    Online Articles

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    Wed, 7 Dec 2016

  6. Energy management: Reliability Planner improves grid reliability

    Power management: Landis+Gyr successfully deploys Reliability Planner. Advanced analytics application supports grid reliability initiatives and reduced outages.

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    Wed, 7 Dec 2016

  7. Oil and Gas: Memo: Trump backs pipeline based on policy, not investments

    President-elect Donald Trump supports completion of the disputed Dakota Access oil pipeline in the Midwest, based on policy and not the billionaire businessman's investments in a partnership building the $3.8 billion pipeline, according to an aide's memo.

    Online Articles

    Online Articles

    Tue, 6 Dec 2016

  8. Hochstein outlines how world energy changed during Obama’s presidency

    President-elect Donald J. Trump’s incoming administration almost certainly will get a dramatically different world energy assessment than President-elect Barack Obama’s did 8 years earlier, the US Department of State’s special envoy for energy resources expects.

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    Online Articles

    Tue, 6 Dec 2016

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