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BP to acquire unconventional US onshore assets from BHP for $10.5B; transforming US onshore oil & gas business

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BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana. 109,000 boe/d from Alaska.

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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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Gulf Coast Basin (Alabama, Arkansas, Georgia, Louisiana, Mississippi and Texas): The University of Texas at Austin plans to quantify coal from mines and coal ash from power plant resources and refuse as feedstocks for rare earth elements and critical minerals within the US Gulf Coast Basin. DOE Funding: $1,499,999. DOE Funding: $1,499,817.

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Defense Logistics Agency contracts for 450,000 gallons of drop-in biofuel from Dynamic Fuels and Solazyme for the Navy; largest single government biofuel purchase yet

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and Syntroleum Corporation. a renewable oil and bioproducts company, will help Dynamic Fuels fulfill the contract, which the Navy and the US Department of Agriculture (USDA) report is the single largest purchase of biofuel in US government history. Solazyme, Inc., The fuel will be delivered to the U.S. Navy in May 2012.

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