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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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Other: West Virginia University Research Corporation aims to focus on the expansion and transformation of the use of coal and coal-based resources, including waste streams, to produce products of high value to the 21st century energy and manufacturing ecosystem. DOE Funding: $1,204,129. DOE Funding: $1,499,999.

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

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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.

Oil 186
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AEP Signs on as Corporate Sponsor of Pickens’ Energy Plan

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American Electric Power has signed on as a corporate sponsor of The Pickens Plan, proposed by oil and gas industry veteran T. Boone Pickens.

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DOE awards $25M to improve natural gas operations

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West Virginia University Research Corporation will develop a Methane Mitigator (M2) system designed to eliminate fugitive natural gas emissions from well site operations and pipeline compressor stations. The multifunctional catalytic process will address venting and flaring associated with oil and natural gas operations.

Gas 186
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LA-based SMLC to lead new DOE Smart Manufacturing Innovation Institute; ~$800M for 5 new hub competitions

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quadrillion BTU of energy annually, equivalent to 280 million barrels of oil, or a month’s worth of that nation’s oil imports. of Virginia; Virginia Tech; U. West Virginia U. New technologies to better repurpose these materials could save U.S. manufacturers and the nation up to 1.6