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Shell starts production at Vito in US Gulf of Mexico; new, simplified design

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With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the GoM to employ a simplified, cost-efficient host design. Shell is the leading operator in the US Gulf of Mexico for oil and gas production. Vito is Shell’s 13 th deep-water host in the Gulf of Mexico.

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

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a developer of a catalytic pyrolysis process to produce renewable oil from biomass, has received a term sheet for a loan guarantee from the US Department of Energy’s Loan Guarantee Program supporting a more than $1-billion biofuels project. KiOR, Inc., Earlier post.) Khosla Ventures incubated the company in 2007 and is the lead investor.

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Cellulosic fuels company KiOR reveals “substantial doubts” about its viability; funding needed by 1 April

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The biomass-to-cellulosic fuel technology platform combines KiOR’s proprietary catalyst systems with FCC processes that have been used in crude oil refineries to produce gasoline for more than 60 years. The crude oil proceeds to the hydrotreating unit to be refined into gasoline, diesel and fuel oil. —KiOR 10-K.

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Denbury to Acquire Encore for $4.5B Transaction; Creates One of the Largest Crude Oil Upstream North American Independents and One of the Largest CO2 EOR Platforms

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The transaction positions Denbury as one of the largest crude oil-focused, independent North American exploration and production companies. Encore has one of the larger acreage positions in the prolific Bakken oil shale with over 300,000 net acres. Encore is an excellent fit with Denbury’s CO 2 EOR program.

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KiOR seeks to double cellulosic fuels production at Columbus plant; $50M in from Khosla for Columbus II

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is pursuing plans to double production capacity at its Columbus, Mississippi, facility through construction of a second facility incorporating KiOR’s commercially proven technology. Cellulosic gasoline and diesel company KiOR, Inc. In the US EPA’s RFS targets for 2013, KiOR is projected to provide the bulk of the cellulosic fuels.

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KiOR halts cellulosic fuels production at Columbus in Q1 to optimize production; need for R&D to boost yield and cut costs

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The ratio between gasoline, diesel and fuel oil is 41% gasoline, 37% diesel, and 22% fuel oil. During the call, Cannon said that KiOR had produced 894,000 gallons of total fuel product in 2013, with 385,000 gallons of that in the fourth quarter.

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