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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 Earlier post.).

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Irving Oil and TransCanada to form JV to develop new Saint John Marine Terminal for Energy East pipeline

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The Canaport Energy East Marine Terminal will connect TransCanada’s Energy East Pipeline to an ice-free, deep water port. It will allow Canadian producers direct access to world markets for exporting Canadian oil via the world’s largest crude carrying vessels. —Paul Browning, President and CEO, Irving Oil.

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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). 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 Source: Maugeri 2012.

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Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

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The first phase is expected to commence operation in 2015 with an initial annual natural gas production capacity of 30 billion cubic feet (0.85 GreatPoint says that its system produces natural gas at the lowest cost in the industry and that its water consumption is half of that of competing gasification systems. —Daniel Goldman.

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Increase in US rig count will not cap oil prices

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The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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GM introducing new generation of modular 3- and 4-cylinder Ecotec engines; 11 variants from 1.0L to 1.5L

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GM developed the new engines for the company’s global vehicle portfolio; the engines will power many of the company’s highest-volume small cars and compact crossovers, including the next-generation Chevrolet Cruze specifically tailored for China, which launches in 2014 as a 2015 model. Primary development of the 1.0L turbocharged and 1.5L

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VW introducing 1.8L EA888 Gen 3 engine in 2014 Jetta, Passat and Beetle; driving impressions

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to conform to future emissions standards, particularly the stringent EU6 standard which will be mandatory in Europe in 2015. Other features include a new, lighter turbocharger/cylinder head assembly; the use of lightweight polymers for the oil pan, and use of aluminum for various screws and fasteners. MQB and MLB. Intake and injection.

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