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Editorial: Chad's resource curse
An assessment of the World Bank's failed Chadian experiment confirms the intuition that poor countries with dodgy governments remain doomed to the resource curse.
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Special Report: Oil, gas reserves rise as oil output declines
New estimates for Australia, China, and Turkmenistan have resulted in an increase in reported worldwide oil and gas reserves, according to Oil & Gas Journal's annual survey of proved reserves.
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Stanislaw: Shift energy focus from 'green' to 'clean'
A global low-carbon future is possible if policymakers and economic leaders—including the oil and gas industry—shift focus from "green energy" to "clean energy," said energy expert Joseph A. Stanislaw Dec. 9 at the Deloitte LLP Oil & Gas conference in Houston.
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IEA medium-term update hikes oil demand projection
The International Energy Agency has raised its projection for average global oil consumption during 2009-14 by 1.9 million b/d in an update to the medium-term market forecast it published last June.
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IHS CERA: Downstream capital costs turn upward
Costs of designing and building refineries and petrochemical plants have ended a brief decline, according to IHS Cambridge Energy Research Associates.
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ExxonMobil: Global energy demand to rise 35% through 2030
Global energy demand will be about 35% higher in 2030 than it was in 2005, requiring trillions of dollars of investment and a commitment to innovation and technology, ExxonMobil Corp. said in its latest long-term energy outlook.
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Watching Government: Ethanol and gasoline
Two leading US House Republicans asked the Government Accountability Office to explore the impact of allowing more ethanol to be used in gasoline.
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Prospects uncertain for US climate-change legislation
Prospects for US climate-change legislation in 2010 remain uncertain as 2009 enters its final weeks.
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Salazar outlines onshore leasing schedule for 2010
As he announced that 38 onshore federal oil and gas lease sales have been scheduled for 2010, US Interior Secretary Ken Salazar said his department will continue to make constructive changes in the program.
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API's Gerard: Staff cuts part of broader reorganization
A 15% reduction in its work force is only part of a major reorganization designed to modernize the American Petroleum Institute, API Pres. Jack N. Gerard said.
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CSB issues urgent recommendations in probe of Citgo refinery fire
The US Chemical Safety Board issued urgent safety recommendations to Citgo Petroleum Corp., calling on the refiner to immediately improve the emergency water system at its Corpus Christi, Tex., refinery and to perform third-party audits of hydrogen fluoride units there and at its Lemont, Ill., refinery.
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ExxonMobil to boost unconventional focus by acquiring XTO
ExxonMobil Corp. has agreed to buy XTO Energy Inc. in an all-stock deal valued at $41 billion that will be part of a strengthened focus by the energy giant on unconventional resources.
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Watching The World: Japan cheers Iraq deal
Has Japan really succeeded in its long-term effort to secure a foothold in Iraq's oil and gas industry? Apparently so, especially after a consortium led by Japan Petroleum Exploration Co. (Japex) won the rights to develop Gharaf oil field.