China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. 20 July 2012 and a premium of 66% relative to the volume-weighted average price of the Common Shares over the 20 trading days ending 20 July 2012. It is the second-largest oil producer in the UK North Sea.

Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Source: Maugeri 2012. Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests. —Maugeri 2012.

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US BLM issues draft PEIS for oil shale and oil sands; significantly scales back public land available for commercial leasing

Green Car Congress

The US Bureau of Land Management (BLM) has published the Notice of Availability (NOA) of the Draft Programmatic Environmental Impact Statement (PEIS) and Possible Land Use Amendments for Allocation of Oil Shale and Tar Sands Resources on Lands Administered by the BLM in Colorado, Utah and Wyoming. In addition, 91,045 acres in eastern Utah would be available for activities related to oil sands. It should not be confused with “shale oil,” which is not addressed by the draft PEIS.

Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

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Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. The new report— Oil & Gas Capital Expenditure Outlook, H1 2012 —forecasts that the total oil and gas capex will increase by 13.4% of the 2012 global total.

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Oil sands GHG lifecycle study using operating data finds lower emitting oil sands cases outperform higher emitting conventional crude cases; a call for more sophisticated tools and reporting

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Well-to-wheel (WTW) greenhouse gas emissions for in situ SAGD and surface mining pathways generated employing GHOST/TIAX/ GHGenius combination and comparison with SAGD, mining and conventional crude oil literature pathways (all results are on a HHV basis). The LCA, reported in the ACS journal Environmental Science & Technology , is the first based on confidential operating data from oil sands projects, the authors said. 74% of WTW emissions in our oil sands pathways.

IHS CERA meta-analysis finds lifecycle GHG emissions for fuel produced solely from oil sands crude average 11% higher than from average crude refined in the US; high variability

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Average values for WTW GHG emissions for oil sands and other crudes, tight boundary. When the boundary for measuring GHG emissions is placed around crude production and processing facilities, for fuels produced solely from Canadian oil sands the average well-to-wheels (WTW) life-cycle GHG emissions are 11% higher than for the average crude refined in the United States (results range from 4% to 18% higher), according to a new meta-analysis by energy market consultancy IHS CERA.

Canada oil sands producers form alliance to improve environmental performance

Green Car Congress

Twelve of Canada’s oil sands producers have formed a new alliance, Canada’s Oil Sands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada’s oil sands through collaborative action and innovation. CRNL and several other oil sands producers are also working on Mature Fine Tailings (MFT) dewatering. The ceramic membrane is a filter that separates oil and suspended solids from produced water. Imperial Oil.

New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

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The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. The publication of the study coincides with the close of the comment period on a new US Environmental Protection Agency (EPA) analysis of the carbon intensity of palm oil biodiesel.

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Galten Biodiesel to supply jatropha oil to Neste Oil

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Israel-based Galten Biodiesel has signed a NIS 225-million (US$60-million) contract to supply 60,000 of Jatropha oil to Finland-based Neste Oil, the producer of NExBTL renewable fuels, beginning in 2014. Signing a letter of intent with a giant Finnish company is a substantial stage in Galten establishing itself as a major supplier of vegetable oil to Europe’s biodiesel industry.”. Globes.

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USGS estimates nearly 39 billion barrels of oil undiscovered and technically recoverable in two Arctic petroleum provinces; 275 trillion feet of gas

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The US Arctic Alaska Petroleum Province holds mean estimates of undiscovered, technically recoverable oil and gas resources of nearly 30 billion barrels of oil, about 179 trillion cubic feet of nonassociated gas, and 40 trillion cubic feet of associated gas, according to a new assessment published by the US Geological Survey (USGS). Estimated original oil in place 25 billion barrels, more than 13 billion recoverable.] Arctic Natural Gas Oil

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Study concludes permanent loss of peatlands in open-pit oil sands mining adds significantly to carbon burden of oil sands production

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Researchers at the University of Alberta (Canada) have quantified the transformation of the boreal landscape by open-pit oil sands mining in Alberta, Canada to evaluate its effect on carbon storage and sequestration. Oil sands deposits accessible by open-pit surface mining (as opposed to deeper deposits produced via thermal in-situ methods) cover about 475,000 ha of boreal Alberta, 99% of which is already leased. Schindler (2012). LCFS Lifecycle analysis Oil sands

Enterprise and Enbridge to proceed with Seaway and Flanagan South oil pipeline extensions; enhanced capacity for Canadian and Bakken crude to Gulf Coast

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The expansion of the reversed Seaway Pipeline will more than double its capacity to 850,000 barrels per day (bpd) by mid-2014 and transport oil originating in the Canadian oil sands and the US Bakken shale from Cushing, Oklahoma to the US Gulf Coast at Houston, with an extension to Port Arthur/Beaumont. A separate open season for the ECHO to Port Arthur leg is underway and due to end 13 April 2012. Infrastructure Oil Oil sands

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Canada and Alberta introduce joint plan for improved environmental monitoring in the oil sands

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Proposed oil sands monitoring by 2015. The Government of Canada and Government of Alberta unveiled “The Joint Canada-Alberta Implementation Plan for Oil Sands Monitoring” in a partnership to improve environmental monitoring in the oil sands region with a program that will sample more sites for more substances more frequently. The program is designed to provide an improved understanding of the long-term cumulative effects of oil sands development. Canada Oil sands

ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

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Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. In 2012 and 2013, the company expects to start up nine major projects and anticipates adding more than 1 million net oil-equivalent barrels per day by 2016. billion oil equivalent barrels.

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Neste Oil complete first phase of its microbial oil pilot plant; feedstock for NExBTL renewable diesel

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Neste Oil plans to use yeast and fungi to convert waste into oil for NExBTL feedstock. Neste Oil has completed the first phase of its project to build a pilot plant for producing microbial oil for use as a feedstock for NExBTL renewable diesel. The first phase will enable the growth of oil-producing micro-organisms, and the following phases will concentrate on raw material pretreatment and oil recovery. 8 million (US$10 million) by Neste Oil.

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Winners of 2012 Presidential Green Chemistry Challenge

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and Jim Jones, Acting Assistant Administrator for the Office of Chemical Safety and Pollution Prevention at the US Environmental Protection Agency (EPA), announced the winners of the 2012 Presidential Green Chemistry Challenge Awards. The awardees for 2012 are: Professor Robert M. in the Small Business category for their groundbreaking work using metathesis catalysis to produce high-performing, green specialty chemicals at advantageous costs from renewable oils.

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Studies find oil sands-derived crude oil no more corrosive in pipelines than other crudes

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Both scientific research and industrial experience have found that bitumen-derived crude oil (i.e., crude from the oil sands) is no more corrosive in transmission pipelines than other crudes, according to Natural Resources Canada (NRC). ASTM International recently published a guide ( G205 ) for measuring the corrosivity of crude oil under pipeline conditions, based on research conducted by several organizations including the CANMET Laboratories of NRC.

Understanding the variability of GHG life cycle studies of oil sands production

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Credit: ACS, Brandt 2012. In a paper published in the ACS journal Environmental Science & Technology , Stanford University assistant professor Adam Brandt reviews a number of recent life cycle assessment (LCA) studies calculating greenhouse gas (GHG) emissions from oil sands extraction, upgrading, and refining pathways—the results of which vary considerably. He found that the variation in oil sands GHG estimates is due to a variety of causes. —Brandt 2012.

Cellulosic ethanol from oil palm empty fruit bunch

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Researchers from Malaysia and Japan report on an efficient method of producing the cellulosic ethanol from oil palm waste in the Pertanika Journal of Tropical Agricultural Science. Oil palm empty fruit bunch is an abundant biomass waste, with 15 million tonnes generated annually by palm oil mills in Malaysia alone. Usually it is burnt in incinerators to obtain bunch ash or dumped for mulching in oil palm plantations.

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Study finds plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to modest increases in refinery CO2 emissions

Green Car Congress

An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to a modest increase in refinery CO 2 emissions (ranging between 5.4% The estimates account both for increased oil sands crude in the refinery crude slate and the imposition of new fuel sulfur specifications, which require additional refining effort. Emissions Lifecycle analysis Oil Oil sands

Imperial Oil approves $2B in situ oil sands expansion project

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Imperial Oil Limited has approved a $2 billion expansion of the company’s Cold Lake in situ oil sands operation in northeastern Alberta. Imperial’s Cold Lake facility is the largest and longest-running in situ oil sands operation in Canada, and includes four steam generation and bitumen production plants. The expansion, called Nabiye, will bring on additional commercial bitumen production of more than 40,000 barrels per day at Cold Lake.

Pike Research scores Shell, BP highest in assessment of oil majors’ commercialization of biofuels

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Pike Pulse Grid for oil majors commercializing biofuels. With “easy oil” increasingly difficult to source and with an obvious stake in the future of the $2 trillion transportation fuel market, the world’s largest oil companies have begun charting strategies to bring biofuels to market at scale. According to a new Pike Pulse report from Pike Research, the oil majors currently best positioned to drive and profit from the growth of biofuels are Shell and BP.

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The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs). Lower oil supply will push up prices if demand continues to grow.

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Enbridge to invest $6.2B in pipeline expansions for light oil from North Dakota and Canada

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will proceed with a $6.2-billion program of pipeline expansions to carry an additional 400,000 barrels per day (bpd) of light oil from North Dakota and western Canada to refinery markets in Ontario, Quebec and the US Midwest. Based on increased availability of western light oil supplies, and attractive pricing relative to US Gulf Coast sourced supply, Chicago-area refineries are shifting to the west as their primary light oil supply source. Enbridge Inc.

Mexico President Calderón announces first PEMEX deepwater Gulf of Mexico oil discovery; preliminary indication of 350M barrels oil equivalent

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Mexico President Felipe Calderon today announced PEMEX’ first oil discovery in the deepwater Gulf of Mexico. The state-owned company’s Trion 1 well, 177 km off the coast of Tamaulipas, confirmed the presence of light oil reservoirs in the province of the Perdido fold belt. Preliminary evaluation allows for an average range of 3P reserves (proved, probable and possible) of 350 million barrels of oil equivalent.

Sandia researcher calculates likely discharge of 4.9-5.8 million barrels of oil from Deepwater Horizon well

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Calculated cumulative and net oil discharged from MC252. Credit: ACS, Griffiths 2012. Griffiths calculated oil flow rates and cumulative discharge using a physically-based model along with wellhead pressures measured at the blowout preventer (BOP) over the 86-day period following the Deepwater Horizon accident. Stewart K Griffiths (2012) Oil Release from Macondo Well MC252 Following the Deepwater Horizon Accident. Stewart K.

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American Sands Energy announces successful operation of oil sand pilot facility in Utah

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an oil sands exploration and development company operating in the state of Utah, announced the successful operation of its oil sand recovery pilot facility. Approximately 80 tons of the company’s oil sands were shipped to the facility, which has been able to run at its designed rate of up to two tons per hour, generating consistent flows of oil and clean, dry sand over multiple, consecutive days of operation. American Sands Energy Corp.,

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1% Coal Fuels Natural Gas Nuclear Oil Power Generation

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Neste Oil inaugurates Europe’s first pilot plant for producing microbial oil from waste and residues

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Neste Oil celebrated the official opening of Europe’s first pilot plant for producing microbial oil from waste and residues at its site in Porvoo, Finland. Microbial oil produced from industrial and agricultural residues such as straw represents one of the most promising future raw materials for NExBTL renewable diesel, the company said. —Lars Peter Lindfors, Neste Oil’s Senior Vice President, Technology.

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Production of crude oil as a percentage of proved reserves: Recent worldwide and U.S. trends

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In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world and in the United States. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. The raw data for this study were proved reserves of crude oil (obtained from Oak Ridge National Laboratory ), and annual crude-oil production (calculated from the information in the same source). by Michael Sivak.

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Scientists Convert Algae To Crude Oil In 60 Seconds

Green Car Reports

Crude oil, from which all fossil fuels are made, is a dwindling resource. There will come a point, some time in the future, where the expense of extracting it from deep under the ground becomes too great for the return on investment. While one solution is to wean ourselves off fossil fuels entirely, another is to artificially create them--and

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California ARB posts draft version of Oil Production Greenhouse Gas Emissions Estimator

Green Car Congress

The California Air Resources Board (ARB) staff has posted a preliminary draft version of the Oil Production Greenhouse Gas Emissions Estimator (OPGEE) for the 19 March 2012 Low Carbon Fuel Standard (LCFS) public workshop to discuss lifecycle assessment of crude oil production, including high carbon-intensity crude oil (HCICO).

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2012 Chevrolet Volt Saves Supertanker Worth Of Gas Since Launch

Green Car Reports

Normally, we measure gasoline savings in gallons, or barrels of oil, but General Motors has decided to measure the gasoline saved by its Chevrolet Volt Plug-in Hybrid in supertankers. We all know electric and plug-in hybrid cars can help cut down consumption of gasoline, but just how do you measure how much gasoline savings can be made?

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Japex to proceed with C$1.4B Hangingstone oil sands expansion

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Japex) will proceed with an expansion of its oil sands project in the Hangingstone area in Alberta. Japan Canada Oil Sands Ltd. JACOS), a consolidated subsidiary of Japex, currently produces 6,000 to 7,000 barrels per day of bitumen (ultra heavy crude oil extracted from oil sands) at its Hangingstone Demonstration Project area. Japan Petroleum Exploration Co, Ltd. Total costs for the initial development are anticipated to be around C$1.4 billion (US$1.42 billion), C$1.1

Researcher urges more effort on assessment of land and water impacts of oil sands production; reference point for other unconventional fuels

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Bitumen production from the Canadian oil sands provides a point of reference that could be used to observe and better manage the land and water impacts of a rapid transition to unconventional fuels, suggests Dr. Sarah Jordaan of the Energy Technology Innovation Policy Research Group, Department of Earth and Planetary Sciences, Harvard University. It is understood that oil sands technologies produce 10?20% —Jordaan 2012. —Jordaan 2012. —Jordaan 2012.

Tailings Technology Roadmap project releases nine development roadmaps for treatment of oil sands fine tailings

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A collaboration of Alberta Innovates – Energy and Environment Solutions (AI-EES) and the Oil Sands Tailing Consortium ( OSTC ), in partnership with Alberta Energy, Natural Resources Canada, Alberta Environment and Sustainable Resource Development and the Alberta Energy Resources Conservation Board, released the report from The Tailings Technology Roadmap and Action Plan project. For the project, Alberta oil sands operators—Suncor Energy, Syncrude Canada Ltd., Canada Oil sand

EIA: Price ratio of crude oil to natural gas continues to increase

Green Car Congress

The ratio between the spot prices of crude oil and natural gas has been generally increasing since January 2009, but it has climbed rapidly in recent months, according to data from the US Energy Information Administration (EIA). The crude oil-to-natural gas spot price ratio has implications for production and consumption. Crude oil to natural gas price ratio. The ratio increased because of both increasing crude oil prices and decreasing natural gas prices.

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Gearing up for the month of Earth Day, 2012

Revenge of the Electric Car

The filmmakers of "Revenge of the Electric Car" urge you to bring electric vehicles to the front of the conversation next month, so we can introduce alternative energy mobility to more people and free us from inefficient oil dependance. Next month the world will draw its attention to Earth Day on April 22nd, and over the next several weeks we're all guaranteed to see more environmental action and activism in the news.

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U.S. Oil Future: Energy Independent By 2030, Bigger Than Saudis In 2020

Green Car Reports

In its 2012 edition of the World Energy Outlook, the International Energy Agency predicts that the U.S. will become the world's biggest oil producer within eight years. Yes, eight years -- as in, by 2020. And you know what else? The IEA predicts that we will become fully energy independent by 2030. It's an unexpected announcement, and one that

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2012 Honda Civic, Hybrid & Natural Gas: Ultimate Guide

Green Car Reports

The Honda Civic originally made its name in the 1970s, arriving at the perfect time to attract tens of thousands of customers scared out of larger, thirstier vehicles by the oil crisis. Four decades down the line and the Civic still has a reputation as a gas sipper, though the modern car is unrecognisable from its first-generation counterpart

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GE to supply water recycling technology for SAGD project in Alberta oil sands; 5th such win in oil sands

Green Car Congress

GE’s wastewater evaporation technologies have been selected to improve wastewater recovery at an existing oil sands project near Fort McMurray in Alberta, Canada. The use of GE’s evaporation technologies for the recovery of OTSG blowdown is gaining traction in the Alberta oil sands, where producers are seeking more sustainable production processes that satisfy increasingly stringent environmental regulations.

DOE-sponsored study concludes billions of barrels of oil potentially recoverable from residual oil zones in US

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Billions of barrels of oil may be potentially recoverable from residual oil zones in the US, according to initial findings from a study supported by the US Department of Energy’s Office of Fossil Energy (FE). Residual oil zones (ROZs), are areas of immobile oil found below the oil-water contact of a reservoir. According to the 2012 worldwide EOR survey published in Oil & Gas Journal , US CO 2 -EOR production is approximately 350,000 barrels of oil per day.

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Neste Oil files another NExBTL patent infringement suit against Syntroleum and Tyson

Green Car Congress

Neste Oil Corporation has filed a new patent infringement action against Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods, Inc. This follows a patent infringement action filed by Neste Oil in May 2012 ( earlier post ) against the same defendants concerning infringement of a Neste Oil product patent. The new action relates to infringement of a Neste Oil patent relating to the. —Matti Hautakangas, Neste Oil’s General Counsel.

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