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USDA providing $9.6M to create 9,000 acres of BCAP project areas for non-food energy crop production

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million for the creation of two new Biomass Crop Assistance Program ( BCAP ) project areas in New York and North Carolina, and the expansion of an already established BCAP project area in Arkansas. This Arkansas BCAP project area is sponsored by MFA Oil Biomass LLC, in Columbia, Mo.

Arkansas 218
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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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The US Department of Energy (DOE) awarded $19 million for 13 projects in traditionally fossil-fuel-producing communities across the country to support production of rare earth elements and critical minerals essential to the manufacturing of batteries, magnets, and other components important to the clean energy economy.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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Exxon Mobil Corporation is acquiring XTO Energy Inc. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. in an all-stock transaction valued at $41 billion.

Oil 186
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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W.

El Paso 225
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AEP Signs on as Corporate Sponsor of Pickens’ Energy Plan

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American Electric Power has signed on as a corporate sponsor of The Pickens Plan, proposed by oil and gas industry veteran T. Extra-high voltage transmission is necessary to transport renewable energy from where it is most viable to the nation’s population centers. Boone Pickens. AEP’s headquarters are in Columbus, Ohio.

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USDA establishes four additional Biomass Crop Assistance Program project areas

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The US Department of Agriculture (USDA) has established four additional Biomass Crop Assistance Program ( BCAP ) project areas to promote the cultivation of crops that can be processed into renewable energy. A project area must have specific boundaries that are approved by the Secretary of Agriculture.

Missouri 186
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VIMS Collaborates with StatoilHydro on Algae Biofuel Project

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The College of William and Mary and its Virginia Institute of Marine Science have formed a collaborative research initiative with a number of corporate partners—notably StatoilHydro—to investigate a new technology to produce biofuel from the algae growing naturally in rivers and the Chesapeake Bay.

Mariner 186