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CommodityOilPrice.com

Chevron Raises Exploration Spending By 50%

After years of focusing on growing exploration and production in the U.S. Gulf of Mexico and the Permian shale basin, U.S. oil and gas supermajor Chevron returns to high-impact frontier exploration as it seeks to renew its portfolio with diverse opportunities globally. Exploration in South America, Africa, and the Eastern Mediterranean is now a key focus of Chevron’s upstream business, which the…

CommodityOilPrice.com

U.S. Intelligence: China Could Put Laser Weapons in Space by 2030

A new United States intelligence report warns that China is developing energy weapons and spaceplanes that it could use for military operations in outer space, with the capability of using directed-energy weapons in orbit by the end of the 2020s. The US Defence Intelligence Agency (DIA) report, published on Sunday, includes a rare image of the newly developed reusable spaceplane. The DIA report,…

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