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

Green Car Congress

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. The price represents a premium of. billion cash. billion.

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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

Canada-based Osum Oil Sands Corp. The financing was led by a combination of new and existing shareholders. million callable common share purchase warrants, each exercisable into one common share at any time without conditions by Osum, at a price of $12.50 The placement will consist of 21.2 million common shares at $12.50

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Government of Canada to buy Trans Mountain Pipeline System and Expansion Project for C$4.5B, resume planing and construction

Green Car Congress

The 1,150-km (714-mile) Trans Mountain pipeline system (TMPL) is the only pipeline system in North America that transports both crude oil from the oil sands and refined products to the west coast. —Bill Morneau, Minister of Finance. billion (US$3.46 Earlier post.) Background.

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Heating Buildings With Solar Energy Stored in Sand

Cars That Think

When we turn up the heat in our homes and workplaces, we must balance our personal need for warmth with the global impact of burning fossil fuels like oil, gas, coal, and biomass. The hot air is circulated through a network of pipes inside a sand-filled heat storage vessel.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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4 Basic Principles for Taking Care of Your Truck

Clean Fleet Report

You should especially wax your truck if you expect it to be exposed to the elements like rain, snow, dirt or sand. Yahoo Finance estimates the car waxing marketplace to reach a value of around $1.3 Check your oil level and tire pressure. There are different types of truck waxes available. billion by 2029. Check the fuel gauge.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.

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