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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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Canada Launches Heavy Oil Working Group to Promote Cleaner Fossil Fuels

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The Government of Canada has established a Heavy Oil Working Group. Comprising countries such as Canada, Brazil, Colombia, Mexico, the United States and Venezuela, the Heavy Oil Working Group will collaborate on clean energy research to reduce the impact of fossil fuel development. Minister Paradis. Minister Paradis.

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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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Forecast: Global Biofuels Use to Double by 2015, Second-Gen Biofuels to Lag Expectations

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Despite a number of key issues such as land use and competition for feedstocks supplies for traditional food and feed uses, global use of biofuels is excepted to more than double from 2009 to 2015, according to a new global analysis released by Hart Energy Publishing’s Global Biofuels Center (GBC). billion gallons).

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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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IFQC annual ranking of gasoline sulfur standards sees progress around the world; US drops to 46th

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A trio of European countries and one from South America made major strides in reducing their levels of sulfur content in gasoline, allowing them to advance in the annual global ranking published by Hart Energy’s International Fuel Quality Center (IFQC). Sulfur is found naturally in crude oil.

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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

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The use of compressed or liquefied natural gas as a fuel for vehicles could help to displace oil and reduce greenhouse gas emissions, but to a limited extent because of the high cost of converting vehicles to use these fuels. Professor Jacoby is co-director of the MIT Joint Program on the Science and Policy of Global Change.

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