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Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

Green Car Congress

an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oil sands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a

Oil-Sands 218
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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

Canada-based Osum Oil Sands Corp. million callable common share purchase warrants, each exercisable into one common share at any time without conditions by Osum, at a price of $12.50 billion barrels (net), ranking it third in the area next to Husky Energy and Shell Canada. Credit Suisse Securities (Canada), Inc.,

Oil-Sands 210
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Sinopec buying Canadian oil and natural gas producer for C$2.2B; Duvernay shale play

Green Car Congress

China’s Sinopec International Petroleum Exploration and Production Corporation will purchase of all of the issued and outstanding common shares of Daylight Energy Ltd., a Canadian intermediate oil and liquids-rich natural gas producing company with a suite of resource assets in Western Canada, for approximately C$2.2

Oil 170
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Junkyard Find: 1987 Chevrolet Sprint ER

The Truth About Cars

What was the most fuel-efficient (mass-produced, internal combustion-powered, highway-legal, non-gray-market, four-wheeled, et freakin' cetera) new car available in the United States during the 1980s? It appears that this engine was not legal for sale in high-altitude areas. In Canada, this car was badged as the Pontiac Firefly.

Chevrolet 105
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Marathon acquires additional Eagle Ford Shale assets for $3.5B

Green Car Congress

Marathon Oil Corporation has reached a definitive agreement with Hilcorp Resources Holdings, LP to purchase its assets in the core of the Eagle Ford shale formation in Texas in a transaction valued at $3.5 The legal advisor to Marathon for this transaction is Baker Botts and the financial advisor is Barclays Capital.

Ford 210
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Refiners and Truckers Associations Challenge California LCFS in Federal Court

Green Car Congress

The National Petrochemical & Refiners Association (NPRA) filed a legal challenge to California’s Low Carbon Fuel Standard (LCFS) with the US District Court, Eastern District of California, Fresno Division. By regulating the fuel pathway of transportation fuels—i.e., NPRA President Charles T.

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National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Treat all crude oils as part of the overall pool of transportation fuels. We did not shy away from controversy. We are not advocates. Harmonize global LCFS policies.

Carbon 247