article thumbnail

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

Green Car Congress

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).

article thumbnail

Biomass to sugars and lignin company announces new name, new CEO, $30M in funding and a $75M deal with Mississippi to build plants in state

Green Car Congress

Virdia, formerly HCL CleanTech, a developer of cellulosic sugars, announced a number of major company milestones, including a new brand and CEO, its latest funding round, and a $75-million deal with the Mississippi Development Authority to build manufacturing plants in the state. Earlier post.)

article thumbnail

US DOE awards KiOR loan guarantee supporting a more than $1B biofuels project; drop-in fuels from wood biomass

Green Car Congress

The first two plants are expected to be in Mississippi, with additional sites planned in Georgia and Texas. This project is designed to complement an earlier Mississippi agreement, which requires KiOR to build three plants in Mississippi before 2015. Khosla Ventures incubated the company in 2007 and is the lead investor.

article thumbnail

Shell announces successful exploratory well at Vicksburg in deepwater GOM

Green Car Congress

The well is located 75 miles (120 kilometers) offshore in the Mississippi Canyon Block 393 in 7,446 feet (2,269 meters) of water. Vicksburg “A” is a separate accumulation from both Appomattox and the 2007 Vicksburg “B” discovery. Shell announced a successful exploratory well at Vicksburg in the deep-water Gulf of Mexico (GOM).

article thumbnail

Shell Announces Significant new Discovery in Deepwater Gulf of Mexico

Green Car Congress

The discovery is located at the Appomattox prospect in 2,200 metres (7,217 feet) of water in Mississippi Canyon blocks 391 and 392. Shell drilled the discovery well, located on Mississippi Canyon block 392, to a depth of 7,643 meters (25,077 feet) and encountered approximately 162 meters (530-feet) of oil pay. Click to enlarge.

Mexico 218
article thumbnail

EPRI calculates technically recoverable US riverine hydrokinetic potential at 3% of annual electricity demand

Green Car Congress

The results show that the Lower Mississippi region contributes almost half (47.9%) of the technically recoverable resource estimate; Alaska 17.1%, the Pacific Northwest region 9.2%, and, the Ohio region 5.7%. —Paul Jacobson, project manager for EPRI’s waterpower research.

EPRI 210
article thumbnail

Study Concludes That Use of Cellulosic Feedstocks to Meet US Biofuel Requirements Will Still Likely Result in Expansion of the Gulf Dead Zone

Green Car Congress

The findings suggest that an aggressive nutrient management strategy will be needed to reach the goal of a 5,000 km 2 areal extent of hypoxia set forth by the Mississippi River/Gulf of Mexico Watershed Nutrient Task Force even in the absence of biofuels, given current production to meet food, feed, and other industrial needs. Earlier post.).