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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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Solazyme and Ecopetrol Extend Partnership on Algae-Based Diesel Using Colombian Feedstocks

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Ecopetrol has a strategic goal to provide at least 450 million tons of fuel from renewable oil sources by 2015. Following this phase, the parties plan to move toward commercial deployment of renewable oil and fuel production. Solazyme, Inc., Solazyme, Inc.,

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NREL and Ecopetrol in $2.3M CRADA agreement to optimize conversion of waste biomass to ethanol

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The US Energy Department’s National Renewable Energy Laboratory (NREL) is working with Ecopetrol, the largest oil company in Colombia, to process the residue from sugar cane and palm oil harvesting into fuel ethanol for blending with gasoline. Colombia has an abundance of biomass in the form of sugar cane.

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USDA and DOE award $12.2M to 10 research projects to accelerate bioenergy crop production and spur economic impact

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The potential benefits of this research range from decreasing oil consumption to increasing options for American farmers. Because these crops will be optimized to tolerate conditions such as drought and poor soils, they can be grown on marginal lands unsuitable for food crops, thereby avoiding competition with food production.

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Petrobras Biocombustível To Invest US$2.4B in Biodiesel and Ethanol Production

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billion in biodiesel and ethanol production from 2009-2013; 91% of the investment is targeted for Brazil. Work will also be done on enhancing production capacity at the Quixadá (state of Ceará) and Montes Claros (state of Minas Gerais) plants. The deployment of a biodiesel production unit in Africa is also being planned.

Brazil 150
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IFQC annual ranking of gasoline sulfur standards sees progress around the world; US drops to 46th

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Colombia jumped 40 spots, from 98 th to 58 th , while Croatia moved up from 57 th to 37 th and Russia improved from 60 th to 51 st. Sulfur is found naturally in crude oil. As a result, it passes into refined products, such as transportation fuels, when crude is processed at the refinery.

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

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Indonesia and Malaysia will more than double production of palm oil biodiesel, while Germany will remain the largest producer of biofuels in Europe, according to the analysis. First generation ethanol, palm oil biodiesel and rapeseed biodiesel from Europe continue to be the dominant biofuels produced.

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