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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.

Oil-Sands 325
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BP Egypt announces significant gas discovery in deepwater Nile Delta

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BP Egypt announced a “significant” gas discovery in the East Nile Delta. The well was drilled using the sixth-generation semi-submersible rig Maersk Discoverer in water depth of 649 meters (2,129 feet) and reaching a total depth of around 7,000 meters (22,966 feet). BP production and exploration in Egypt.

Egypt 199
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State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

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Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oil sands using different production processes relative to gasoline produced from reference crudes. The proposed Project is not likely to impact the amount of crude oil produced from the oil sands.

Oil-Sands 253
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Ford to offer new 5-cylinder 3.2L diesel in Transit van in North America next year

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Additionally, the engine features cast-aluminum, low-friction coated pistons with piston-cooling jets, which squirt oil on the underside of the pistons to keep the piston crowns cool under extreme operating conditions. liter is manufactured in Ford’s Struandale Engine Plant in Port Elizabeth, South Africa. The Power Stroke 3.2-liter

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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At issue is the 2012 expiration of the Kyoto Protocol, a binding but effectively unenforceable 1997 treaty that had set greenhouse gas (GHG) emission reduction targets for 40 industrialized countries, referred to as Annex 1 countries, yielding an average GHG reduction of 5.2%

Climate 236
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Noble Energy announces new exploration discoveries offshore Israel and in the deepwater Gulf of Mexico

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Noble’s discovered resources in the Eastern Mediterranean now totals nearly 40 trillion cubic feet of natural gas. The Tamar SW well offshore Israel, testing a new exploration prospect, encountered approximately 355 feet of net natural gas pay within the targeted Miocene intervals.

Mexico 186