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Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China

Green Car Congress

Together, the two companies will build a production facility in Shaanxi Fupin in China to produce methanol synthesis catalysts. Forming of the joint venture and building of the catalysts facility will be the first step of a long-term strategic cooperation between Topsoe and Yanchang.

China 243
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GE to invest $110M in new Oil & Gas Global Research Center in Oklahoma

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General Electric will build a new Global Research Center in Oklahoma dedicated to driving innovation and technological advancements in the oil and gas sector and bringing products to market faster. Unconventional resources, and shale gas in particular, may be one of the biggest productivity drivers of our lifetime.

Oklahoma 225
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Obama Administration announces 21M-acre oil and gas lease sale offshore Texas

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The US Department of the Interior will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Ultra-deep gas royalty relief required under EPAct will still be available.

Oil 240
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DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

Green Car Congress

Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. The area will be offered to industry again in 2016 under the current Five Year Offshore Oil and Gas Leasing Program.

Mexico 268
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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

Green Car Congress

Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. The lease sales build on the first three sales in the Five Year Program that offered more than 79 million acres for development and garnered $1.4 billion in high bids.

Mexico 223
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Capstone Turbine seeing microturbine sales to oil and gas industry at record pace

Green Car Congress

Microturbine company Capstone Turbine’s ( earlier post ) sales to the oil and gas industry worldwide are at a record pace, according to Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. The microturbines will be installed in early 2012 and used in prime power and combined heat and power (CHP) applications.

Oil 218
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Obama Administration offering more than 20M acres offshore Texas for oil and natural gas exploration and development

Green Car Congress

Beaudreau released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the Western Gulf of Mexico Planning Area. Earlier post.).

Oil 236