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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.

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JAPEX to invest 65-70B in further oil sands development in Canada

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(JAPEX) plans to invest ¥65-70 billion (US$830–893 million) in its Canadian oil sands projects, Chief Executive Osamu Watanabe told Dow Jones Newswires. China’s biggest offshore oil and gas producer, said it will buy Canadian oil-sands developer OPTI Canada Inc. OPCDF) for $2.1

Oil-Sands 186
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Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

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Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. In order to facilitate the oil sands joint venture, Devon will acquire 50% of BP’s interest in the Kirby oil sands leases. The Whiting upgrade is planned to come on-stream in 2012.

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Using Ozone-Generated Bubbles to Remove Oil Sheen and Contaminants from Water

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A University of Utah engineer has developed an inexpensive new method to remove oil sheen by repeatedly pressurizing and depressurizing ozone gas, creating microscopic bubbles that attack the oil so it can be removed by sand filters. Water from mining of oil sands and oil shale.

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UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

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Methane hydrate—natural gas trapped in an ice-like cage of water molecules—occurs in both terrestrial and marine environments. Prior programs in Alaska have explored gas hydrate reservoir potential and alternative production strategies, and additional testing programs are in development. Click to enlarge.

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Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

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GreatPoint Energy and China Wanxiang Holdings have officially closed their investment and partnership agreement which was highlighted during an official signing ceremony between senior US and Chinese government officials in 2012. billion cubic meters) of annual natural gas output within two years. China Petroleum and Chemical Corp.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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ExxonMobil projects that meeting future energy demand will be supported by more efficient energy-saving practices and technologies; increased use of less-carbon-intensive fuels such as natural gas, nuclear and renewables; as well as the continued development of technology advances to develop new energy sources. Click to enlarge.

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