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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. billion cash. The price represents a premium of.

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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

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The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.). —Dr.

Oil-Sands 314
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JAPEX delaying final investment decision for Hangingstone oil sands project

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JAPEX), will postpone making a final investment decision (FID) for the Hangingstone Oil Sands Expansion Project ( earlier post ) in Alberta Province, Canada, based on a longer-than-expected approval process with the Alberta authorities. Japan Petroleum Exploration Co., bitumen pipelines and power transmission (by other parties).

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IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

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The proposed Keystone XL pipeline for transporting oilsands-derived crude to Gulf Coast refineries would have “ no material impact ” on US greenhouse gas (GHG) emissions, according to a new Insight report by IHS CERA. This indicates that oil sands can grow using rail; it is already happening. Earlier post.). Earlier post.).

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska. The pipeline would primarily transport crude oil from the WCSB and Bakken regions.

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Kinder Morgan, Imperial Oil to build Edmonton crude oil rail terminal; $270M investment

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Kinder Morgan Energy Partners L.P.and Imperial Oil formed a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. The rail terminal will be constructed and operated by Kinder Morgan and will connect to both Canadian National and Canadian Pacific mainlines.

Oil 231
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SwRI, UTSA researchers show biochar is low-cost, effective method to treat fracking water

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Flowback water treatment is a critical sustainability issue for the oil and gas industry. One to five million gallons of water mixed with sand and chemicals are required for the fracking of each well. Using biochar could help oil and gas companies save money and responsibly treat flowback water for reuse.

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