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

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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

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Utah Water Quality Board upholds issuance of permit for oil sands mine in Utah

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The Utah Water Quality Board, in a 9-2 vote this week, agreed with the August 2012 recommendations of an administrative law judge (ALJ) upholding a permit-by-rule issued by the Division of Water Quality (DWQ) for the proposed PR Spring an oil sands mine on state land in eastern Utah. USOS bitumen extraction process. Source: USOS.

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Alberta CCEMC providing $46M for carbon capture and storage and cleaner energy projects in oil sands region

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Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oil sands region. Imperial Oil: $10 million for a Cyclic Solvent Process pilot in Cold Lake.

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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4

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

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Canada-based Osum Oil Sands Corp. In anticipation of regulatory approval, the Company continues to advance its detailed and long-lead engineering with completion expected in 2012. McCarthy Tetrault LLP acted as Canadian legal counsel while Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as United States legal counsel to Osum.

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Sunshine Oilsands Ltd. and China Oilfield Services Ltd. intend to cooperate on oilsands technology; possible testing of new thermal recovery technique

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COSL is a majority owned subsidiary of Chinese state-owned company CNOOC Group. The MOU is not legally binding except for those provisions in respect of exclusivity, confidentiality and dispute resolution. is one of the largest non-partnered holders of oil sands leases by area in the Athabasca oil sands region.

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Kinder Morgan to purchase El Paso for approximately $38B to form largest natural gas pipeline network and largest midstream energy enterprise in North America

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(KMI) and El Paso Corporation on Sunday announced a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth-largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines.

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