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Total to Acquire UTS Corporation and Its 20% Interest in Fort Hills Oil Sands Project for C$1.15B

Green Car Congress

a Total subsidiary, has signed an agreement with UTS Energy Corporation (UTS) to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills oil sands mining project in Alberta, Canada. Total also has a 50% interest in the Northern Lights project following the 2008 acquisition of Canada’s Synenco Energy.

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Suncor targeting 1M barrels per day by 2020, some 80% from oil sands; new strategic alliance with Total

Green Car Congress

Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Approximately 80% of that production will be from the oil sands. The agreement with Total is an important element of Suncor’s plans to more than double our oil sands production.

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MEG Energy moving ahead with 35,000 barrels per day oil sands expansion; $1.4B estimated total cost

Green Car Congress

Canada-based MEG Energy’s board of directors has approved 2011 capital investment of approximately $900 million and the final cost estimate for the 35,000 barrels per day Phase 2B oil sands expansion at the Christina Lake in-situ project. identify additional resource on MEG’s 800 square miles of 100%-owned oil sands leases.

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Total sells a 10% Interest in Northern Lights Oil Sands Project to Sinopec; Two Now Have Joint Ownership

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has sold a 10% interest in the Northern Lights Partnership (NLP) to SinoCanada Petroleum Corporation (SinoCanada), a subsidiary of China Petroleum & Chemical Corporation (Sinopec). The Northern Lights Oil Sands Project is located approximately 100 kilometers (62 miles) northeast of Fort McMurray, Alberta.

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BP announces significant resource extension of Mad Dog Field in deepwater Gulf Of Mexico; total hydrocarbons estimated at up to 4B barrels of oil equivalent

Green Car Congress

The well results confirm a significant resource extension for the Mad Dog Field complex, which includes the existing field, in production since 2005, and appraisal drilling of the Mad Dog South field in 2008 and 2009. interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6%

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Encana challenges EPA draft Pavillion groundwater report

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Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, says it strongly disagrees with the US Environmental Protection Agency’s (EPA) preliminary conclusions on fracking in its draft report related to the groundwater study in the Pavillion natural gas field of Wyoming. Earlier post.) Encana backgrounder on Pavillion.

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Suncor Energy and Petro-Canada To Merge

Green Car Congress

Canadian energy companies Suncor Energy Inc. Upon completion of the transaction, the combined entity will operate corporately and trade under the Suncor name, while maintaining the brand presence of Petro-Canada in refined products. Current crude oil and natural gas production of approximately 680,000 boe per day (boe/d).

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