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Marathon Petroleum implements Topsoe technology at Martinez Renewables facility in California

Green Car Congress

Marathon Petroleum Corporation selected Topsoe as the technology provider for renewable fuels production at the Martinez Renewable Fuels Facility in California. Renewable fuels are made from waste, animal fats, used cooking oils and organic materials such as soybean oils.

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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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Williston Basin (Montana, North Dakota and South Dakota): University of North Dakota plans to lead a coalition to drive the expansion and transformation of coal and coal-based resource usage within the Williston Basin to extract rare earth elements and critical minerals and produce non-fuel carbon-based products.

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Transcanada restarts Keystone oil sands pipeline operations

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TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oil sands crude on Sunday, 5 June, after a shutdown 29 May following an above-ground spill at a pump station in Kansas involving less than 10 barrels of oil. The tar sands are estimated (e.g.,

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$67 Oil Has All The Majors Converging in Argentina

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Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.

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Marathon to serve as anchor shipper for Bakken Sandpiper Project pipeline

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Marathon Petroleum Corporation and Enbridge Energy Partners, L.P. of the construction of the Sandpiper Project, which will become part of Enbridge Energy Partners’ North Dakota System when it is completed. Marathon Petroleum Corporation is the US’ fourth-largest refiner, with a crude oil refining capacity of approximately 1.7

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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

Green Car Congress

Exxon Mobil Corporation is acquiring XTO Energy Inc. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. in an all-stock transaction valued at $41 billion.

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