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BOEM announces proposed Central Gulf of Mexico oil and gas lease sale; nearly 38 million acres available

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The US Department of the Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) will hold the consolidated Central Gulf of Mexico Lease Sale 216/222 in New Orleans on 20 June 202012. Lease Sale 216/222 is the last remaining sale scheduled in the 2007 – 2012 Outer Continental Shelf Oil and Natural Gas Leasing Program.

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Transocean to pay record $1.4 billion in civil and criminal fines and penalties for role in Deepwater Horizon disaster

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According to court documents, on 20 April 2010, while stationed at the Macondo well site in the Gulf of Mexico, the Deepwater Horizon rig experienced an uncontrolled blowout and related explosions and fire, which resulted in the deaths of 11 rig workers and the largest oil spill in US history.

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UNEP Report Calls for More Sophisticated Approach to Developing Biofuels; Limitations of Current LCA Studies

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A far more sophisticated approach needs to be taken when developing biofuels as an environmentally-friendly energy option, according to a new report by the United Nations Environment Programme’s (UNEP) International Panel for Sustainable Resource Management. World Transport Biofuel Production. billion gallons US) liters.

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Rice University Study and Policy Paper Find US Biofuels Policies Flawed, Recommend Fundamental Overhaul

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They also question whether mandated volumes for biofuels—including advanced biofuels—can be met and whether biofuels are improving the environment or energy security. Legislation giving biofuels preferences on the basis of greenhouse gas benefits should be avoided. Key findings of the report include: Environmental and Health Impacts.

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Oil and gas lease sale in Central Gulf of Mexico draws more than $1.7B in high bids for more than 2.4M acres; Shell, Statoil, BP top high bidders

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The US Department of the Interior held a 39-million acre lease sale in the Gulf of Mexico. Secretary of the Interior Ken Salazar announced that the Central Gulf of Mexico oil and gas lease sale attracted $1,704,500,995 in high bids for tracts on the US outer continental shelf offshore Louisiana, Mississippi and Alabama.

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SCOPE Biofuels Project Releases Assessment on Environmental Effects of Biofuel Technologies

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The SCOPE (Scientific Committee on Problems of the Environment) International Biofuels Project, has published the full proceedings of its Rapid Assessment workshop on the environmental effects of biofuel technologies, 22-25 September 2008. 2007) may not be robust. ” SCOPE is part of the International Council for Science.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). Here, Chevron has reduced its steam:oil ratio (i.e., the steam required, represented by barrels of water, to produce one barrel of oil) from a peak of almost 8.5 in 1988 to just above 2.3 Source: Chevron.

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