Jude Hislop

Chevron announces $26.6 billion 2016 capital, exploratory budget

Energy Financial

$11 billion for current major capital projects, $3 billion for exploratory projects awaiting approval SAN RAMON, Calif. – Chevron Corporation today announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2016 budget is 24% lower than total expected investments for 2015.

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Kinder Morgan forecasting solid 2016, healthy revenue and cash flow

Energy Financial

Kinder Morgan anticipates enough cash flow to fund all 2016 equity contribution, “significant portion” of debt requirements HOUSTON, TEXAS – Despite troubles dogging the global oil and gas industry, Kinder Morgan says it will generate enough revenue in 2016 to fund its operations, including capital expenditures. Kinder Morgan, Inc. announced Wednesday that its board of directors

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Tesoro to acquire strategic pipeline assets in the Bakken

Energy Financial

“Combining the Great Northern Midstream assets with our Tesoro High Plains Pipeline will create a leading crude oil pipeline system in the most prolific region of the Bakken.” SAN ANTONIO, Texas – Tesoro Corporation has agreed to acquire Great Northern Midstream LLC, a crude oil logistics provider which owns and operates high-quality, recently constructed crude

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Distributed energy grid models increasing globally – Navigant

News

Deployments of distributed energy resources are challenging existing grid operating models, report finds BOULDER, Colo. – Power generation from solar, wind, fuel cells, and micro-turbines is increasingly happening off the grid, which can create big headaches for utilities, according to a new report from Navigant Research that analyzes the global market for distributed energy resources technologies, with

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Islamic State monthly revenue totals $80 million – IHS

Uncategorized

43% of Islamic State revenue from oil, but Turkish anti-smuggling efforts cutting into illegal sales LONDON, UK – Most of the Islamic State’s funding comes from taxation on economic activity and basic services in areas under its control, according to new analysis released by IHS Inc. Analysis of open source intelligence, including social media, conducted

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Spent US nuclear fuel has grown significantly since 1960s – EIA

News

Nearly all US spent nuclear fuel is currently stored on-site at commercial nuclear power plants As nuclear electricity generation has continued to increase, the inventory of discharged spent fuel from nuclear reactors has grown steadily since the 1970s, according to the U.S Energy Information Administration. The EIA recently released data from its Nuclear Fuel Data

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Proposed EPA “source rule” lacks understanding of oil/gas sector – think tank

Uncategorized

“Proximity is the most relevant and beneficial factor in determining adjacency in regards to upstream and midstream oil and gas facilities and equipment and EPA should withdraw the Source Rule altogether.” AUSTIN, TX – The Texas Public Policy Foundation says a new EPA regulation has a minor flaw with major implications for oil and gas producers,

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