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

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Canada-based Osum Oil Sands Corp. Osum filed a commercial application and Environmental Impact Assessment for the 35,000 barrel per day Taiga Project at Cold Lake in December 2009 and is targeting regulatory approval in 2012. Stikeman Elliot LLP acted as legal counsel to the KERN led shareholder group. Scotia Waterous Inc.

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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

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BASF and Russia’s Gazprom signed a legally binding basic agreement to swap assets of equivalent value. In October, Wintershall also substantially expanded its production and reserves of oil and gas in the North Sea through an asset swap with Statoil. billion barrel of oil equivalent. This is equivalent to a total of 2.4

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Supreme Court lets stand Ninth Circuit decision on maintaining California ARB low-sulfur rules for ocean-going vessels

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In 2009, MGO (marine gasoil) must have a sulfur limit of 1.5% (15,000 ppm), while MDO (marine diesel oil) would have a limit of 0.5% (5,000 ppm). The Eastern District denied the challenge in 2009. Earlier post.). The regulation is being implemented in two steps. In 2012, the limits for both fuels drops to 0.1% (1,000 ppm).

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NRDC says Baard Energy agrees to switch from coal to natural gas for feedstock for proposed synthetic fuel plant in Ohio to avoid further permit challenges

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Baard said ORCF was developing plans to compress the CO 2 into liquid form and transport it to the neighboring oil fields in Eastern Ohio for Enhanced Oil Recovery (EOR). In March 2009, Baard Energy CEO John Baardson announced that company. In March 2009, Baard Energy CEO John Baardson announced that company.

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Federal Judge rules California Low Carbon Fuel Standard violates Commerce Clause of US Constitution

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In 2009, the Renewable Fuels Association (RFA) and Growth Energy filed a complaint in Federal District Court in Fresno, California, challenging the constitutionality of the California Low Carbon Fuel Standard (LCFS).

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EEA: Traffic pollution still harmful to health in many parts of Europe

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For example, transport energy consumption actually rose slightly in 2011 compared with 2010 (0.1 %), while overall transport GHG emissions (including aviation but excluding international maritime) in 2010 only reduced by 0.4 % compared to 2009. After a sharp drop between 2008 and 2009, it grew 5.4%

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California Regulation for Lower-Sulfur Marine Fuel Now in Effect

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A legal challenge to the enforcement of the regulation, filed by the Pacific Merchant Shipping Association (PMSA), was denied on 30 June by the Eastern District of California. In 2009, MGO (marine gasoil) must have a sulfur limit of 1.5% (15,000 ppm), while MDO (marine diesel oil) would have a limit of 0.5% (5,000 ppm).

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