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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. It is the second-largest oil producer in the UK North Sea.

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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. Click to enlarge.

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WRI: global oil consumption hits all-time high

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between 2008 and 2009 due to the global financial crisis, global oil consumption recovered by 3.1% About one third of this growth came from China, which now uses more than 10% of the world’s oil. of total oil consumption in 2010. of total oil consumption in 2010. After falling 1.5% in 2010 to reach an all-time high of 87.4

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BP Egypt announces significant gas discovery in deepwater Nile Delta

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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). The wireline logs, fluid samples and pressure data confirmed the presence of gas and condensate in 38m (125 feet) net of Oligocene sands in Salamat.

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Report Finds Water Stress Rapidly Becoming Key Strategic Risk to Commerce; Impending Water/Energy Collision

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Water consumption or withdrawals per unit of energy produced, by energy type, in the United States. With increasing frequency ,” write the Pacific Institute researchers, “ we value energy production over water production. ”. by Jack Rosebro. Source: DHI Group. Click to enlarge. Climate change.

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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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Mitsubishi Heavy Signs MOU with PBMR Pty on Development of Small-size Nuclear Power Generation Plant

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MHI) has signed a Memorandum of Understanding (MoU) with Pebble Bed Modular Reactor (Pty) Ltd ( PBMR Pty ) of the Republic of South Africa to study the area of collaboration in the development of the helium-cooled, High Temperature Reactor (HTR) Pebble Bed Modular Reactor (PBMR). The secondary side of the steam generator contains water.