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Sinopec purchasing 50% of Chesapeake Energy leasehold in Mississippi Lime unconventional play for $1.02B

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Chesapeake Energy Corporation and Sinopec International Petroleum Exploration and Production Corporation (Sinopec) executed an agreement which provides for Sinopec to purchase a 50% undivided interest in 850,000 of Chesapeake’s net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma (425,000 acres net to Sinopec).

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DOE awards $10.6M to ROGUE to engineer energycane, Miscanthus to produce oil for biodiesel, biojet fuel

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The US Department of Energy (DOE) has awarded the University of Illinois a $10.6-million, million, five-year grant to transform two of the most productive crops in the US into sustainable sources of biodiesel and biojet fuel. These oils can be processed into biofuels with existing technologies and sold through existing marketplaces.

Oil 239
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Oleo-X launches merchant pretreatment facility for renewable diesel and sustainable aviation fuel feedstocks

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Located in Pascagoula, Mississippi, Oleo-X’s facility has the potential capacity to produce up to 300 million gallons per year of premium feedstock. Oleo-X says that its chemistry formulates a product that can extend RD and SAF unit catalyst lives by years.

Renewable 199
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Mississippi Approves $75M Loan to Catalytic Pyrolysis Startup KiOR for Biomass to Renewable Oil Plant

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KiOR, developer of a catalytic pyrolysis process to produce renewable oil from biomass, will receive a $75-million state-backed loan from Mississippi to bring the first three of its full-scale production facilities to the state. The first site will be built in Columbus, Mississippi and could open by the end of 2011.

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ExxonMobil to acquire CCS solutions company Denbury for $4.9B

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an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. —Dan Ammann, President, ExxonMobil Low Carbon Solutions In addition to Denbury’s carbon capture and storage assets, the acquisition includes Gulf Coast and Rocky Mountain oil and natural gas operations.

Companies 195
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bp starts up Manuel project in deepwater Gulf of Mexico; 20,100 boe/d

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Manuel includes a new subsea production system for two new wells tied into the Na Kika platform. The wells are expected to boost gross platform production by an estimated 20,100 barrels of oil equivant a day (boe/d). bp anticipates growth in its production in the US Gulf of Mexico to more than 400,000 boe/d by the mid-2020s.

Mexico 243
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NSF announces $55M toward national research priorities; intersection of food, energy and water systems

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The National Science Foundation (NSF) has made 11 awards totaling $55 million aimed at building research capacity to develop new innovations at the intersection of food, energy and water systems and to address fundamental questions about the brain. Research at the nexus of food, energy and water. University of Southern Mississippi.

Water 150