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Suncor Energy cancels Voyageur oil sands upgrader project; acquires Total’s stake

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Suncor Energy is not proceeding with the Voyageur bitumen upgrader project in the Canadian oil sands. The oil market environment in the North America has changed significantly, Total notes. billion in the intermediate consolidated financial statements for the first quarter of 2013. Total also owns a 39.2%

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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Exxon Mobil has started production at its Kearl oil sands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6

Oil-Sands 150
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Kinder Morgan increases proposed expansion of Trans Mountain oil sands pipeline to 890,000 bpd

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.: BP Canada Energy Trading Company; Canadian Natural Resources; Canadian Oil Sands Limited; Cenovus Energy Inc.; Imperial Oil Limited; Nexen Marketing Inc.; Suncor Energy Products Partnership; Tesoro Refining & Marketing Company; and Total E&P Canada Ltd. Devon Canada Corporation; Husky Energy Marketing Inc.;

Oil-Sands 218
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Building materials recycler switches fleet to Neste renewable diesel

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Since forming in 2013, Argent Materials, a San Francisco Bay Area recycler of concrete and asphalt, and supplier of aggregate such as crushed rock, entry, cutback, sand, backfill and base rock for construction projects, has diverted more than a billion pounds of waste from local landfills. —Bill Crotinger.

Renewable 448
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IEA says oil supplies may not keep up with demand

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Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

Oil 257
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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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Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.

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Eni licenses EST technology to Sinopec to convert residues to high-quality light products; eliminating pet-coke and fuel oil

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Eni’s proprietary Eni Slurry Technology (EST) is able to convert refining residues entirely into high-quality light products, eliminating both liquid and solid refining residues with significant environmental benefits. The elimination of pet-coke production is part of global efforts to contain CO 2 emissions.

Oil 150