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Athabasca Oil Sands sells remainder of interest in MacKay River oil sands project to PetroChina for C$680M; PetroChina to be full owner of project

Green Car Congress

Athabasca Oil Sands Corp. has exercised its option to divest its 40% interest in the MacKay River oil sands project to Cretaceous Oilsands Holdings Limited, a wholly owned subsidiary of PetroChina International Investment Limited, for C$680 million (US$672 million) in cash. As a result of the sale.

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Algae harvesting company OriginOil’s second CLEAN-FRAC licensing agreement targets Canadian oil sands market; urban algae demo project in Paris

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the developer of a process for harvesting algae and cleaning up oil & gas water, announced that its second original equipment manufacturer’s (OEM) agreement will target oil service companies in the Canadian oil sands market. LH was an early private investor in Athabasca Oil Corporation. OriginOil, Inc.,

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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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Suncor Energy sells majority of conventional natural gas business in Western Canada for $1B

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Suncor Energy has reached an agreement to sell the conventional portion of its natural gas business in Western Canada for $1 billion to a newly established partnership between Centrica plc and Qatar Petroleum International. Suncor’s view of market access for its oil sands products. Source: Suncor. Click to enlarge.

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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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Hybrids are expected to account for about half of global new-car sales by 2040. This unprecedented improvement in global fuel economy is expected to reflect a surge in hybrid vehicle sales. China will see the largest increase—more than 4 million oil-equivalent barrels per day. Source: ExxonMobil. Click to enlarge.

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Ensyn receives EPA regulatory approval for its cellulosic renewable diesel RFDiesel

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This registration, pursuant to Title 40 CFR Part 79 of the Clean Air Act, is required for the sale of RFDiesel in the US. FCC units are found in most refineries worldwide and are used to produce gasoline and diesel from vacuum gas oil (VGO). There, Ensyn’s RFO is used as a feedstock in Fluid Catalytic Crackers (FCCs).

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Ensyn granted EPA Part 79 approval for renewable gasoline

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This approval, pursuant to Title 40 CFR Part 79 promulgated under the Clean Air Act, is required for the sale of RFGasoline into US commerce. The RTP pyrolysis process is based on the application of a hot “transported” bed (typically sand) that is circulating between two key vessels. Earlier post.).

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