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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Financing Project VGV: the Green Redemption Fund. Diagram: Isabelle Plat. Click to enlarge.

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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. It is the second-largest oil producer in the UK North Sea.

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Syzygy raises $5.8M in Series A to develop photocatalytic platform for clean chemical and fuel manufacturing

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The financing was co-led by The Engine and by The GOOSE Society of Texas. Licensed from Rice University, the “antenna-reactor” plasmonic photocatalyst has been published in leading academic journals such as Science , Nature , and PNAS. million in Series A funding.

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Direct lithium extraction company EnergyX secures $20M in funding commitments

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EnergyX) has secured commitments of $20 million in financing. EnergyX, along with its new partners and strategic investors including Obsidian Acquisition Partners, Helios Capital, and the University of Texas, hope to build a strong platform that binds together industry, academia, and natural resource management.

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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

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Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Less active oil majors in this space include ExxonMobil and ConocoPhillips.

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Neste Oil in renewable diesel blend demonstration project aimed at commercialization; Diesel R33

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Neste Oil is part of a fleet demonstration program of a new blend of diesel fuel in Coburg, Germany. The Diesel R33 project is financed by the Bavarian State Ministry of the Environment and Public Health (StMUG), the European Union, and various other partners. Union for the Promotion of Oil and Protein Crops - UFOP.

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Oil Well Strippers Suffering From Low Oil Prices

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With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.