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Sinopec purchasing 50% of Chesapeake Energy leasehold in Mississippi Lime unconventional play for $1.02B

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Chesapeake Energy Corporation and Sinopec International Petroleum Exploration and Production Corporation (Sinopec) executed an agreement which provides for Sinopec to purchase a 50% undivided interest in 850,000 of Chesapeake’s net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma (425,000 acres net to Sinopec).

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National Academies’ Gulf Research Program awards $10.8M to address systemic risk in offshore oil and gas operations

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million to six new projects to develop new technologies, processes, or procedures that could result in improved understanding and management of systemic risk in offshore oil and gas operations. University of Mississippi. Florida Maxima Corporation. These projects address several facets of risk in offshore operations.

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$112.5M awarded to research consortia studying effects of Deepwater Horizon oil spill on Gulf of Mexico

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million to study the effects of the Deepwater Horizon oil spill in the Gulf of Mexico. The GRI also funds research that improves techniques for detecting oil and gas, spill mitigation, and technologies to characterize and remediate spills. Project Title: The Effects of the Macondo Oil Spill on Coastal Ecosystems. Rabalais, Ph.D.

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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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Gulf Coast Basin (Alabama, Arkansas, Georgia, Louisiana, Mississippi and Texas): The University of Texas at Austin plans to quantify coal from mines and coal ash from power plant resources and refuse as feedstocks for rare earth elements and critical minerals within the US Gulf Coast Basin. DOE Funding: $1,499,999. DOE Funding: $1,499,817.

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KiOR and Catchlight Energy sign feedstock supply agreement

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developer of a catalytic pyrolysis process to produce renewable oil from biomass, and Catchlight Energy LLC (CLE), a 50-50 joint venture between subsidiaries of Chevron Corporation and Weyerhaeuser Company focused on providing liquid transportation fuels from sustainable forest-based resources, have signed a feedstock supply agreement.

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BIOX and World Energy JV to acquire & operate 90M USG biodiesel plant in Houston; 3rd-largest biodiesel plant in NA

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BIOX Corporation and World Energy announced a 50/50 joint venture to acquire and operate a 90 million US gallon (USG) (341 million liter) biodiesel production facility in Houston, Texas. from pure seed oils to animal fats to recovered vegetable oils— with no change to the production process.

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Hess plans to develop Tubular Bells field in the deepwater Gulf of Mexico for estimated $2.3B

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Hess Corporation will proceed with the development of Tubular Bells, a deepwater oil and gas project operated by Hess in the Gulf of Mexico. Discovered in 2003, Tubular Bells is located approximately 135 miles southeast of New Orleans in the Mississippi Canyon area. The development is estimated to cost $2.3

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