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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

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11 more GM facilities worldwide go landfill-free; total up to 122

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Colmotores Assembly (Colombia). Colmotores Assembly in Colombia launched awareness campaigns that engaged employees in reducing waste and sorting it correctly. Reuse: Grand Rapids Operations’ in-house oil recycling saves GM $1.2 It recycles and reuses every gallon of oil it buys from a refinery several times.

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Fairbanks Morse Engine and Achates Power team up on opposed-piston engines

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while meeting the most stringent, global vehicle emissions standards. Achates Power began modernizing opposed-piston engines in 2004, inspired by the record-setting Junkers Jumo 205 diesel aircraft engine. After more than 4,500 hours of dynamometer testing, the company has demonstrated brake thermal efficiency of 47.8%

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