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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

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.

Oil-Sands 325
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Petrobras’ June oil production in Brazil up 1.7% exceeding 2M bpd; gas production reaches record

Green Car Congress

Petrobras’s June oil production in Brazil averaged 2,008 thousand barrels/day (bpd), up 1.7% The company’s oil and natural gas production in Brazil in the same month was 2,426 thousand barrels of oil equivalent per day (boed), indicating a 1.6% from May’s production of 1,975 thousand bpd.

Brazil 265
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ARPA-E announces $11M for innovations in energy-water processing and agricultural sensing technologies; fourth, fifth OPEN+ cohorts

Green Car Congress

The US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) announced $11 million in funding for 7 projects in the fourth and fifth cohorts of the agency’s OPEN+ program: Energy-Water Technologies and Sensors for Bioenergy and Agriculture. Energy-Water Technologies cohort.

Water 170
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DOE to Support Research Associated with Water Issues for Shale Gas and Alaskan Oil and Natural Gas

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Increasing population, heightened per capita water demands, regional droughts, and concerns over climate change have combined to make water issues even more pressing. Develop watershed resource flow modeling to support water supply and disposal issues related to siting and permitting for shale gas development.

Water 150
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bp investing $269M to improve efficiency, reduce emissions and grow renewable diesel production at Cherry Point Refinery

Green Car Congress

The $169-million Hydrocracker Improvement Project (HIP) will improve efficiency and reduce periods of planned maintenance, resulting in fewer unit shutdowns and associated flaring events. In this unit, heavy oils are subjected to high temperatures and pressure in the presence of hydrogen to produce gasoline, diesel and jet fuel.

Renewable 221
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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At present, the main issue being reported on is that there has been corrosion of the water injection system, which is used to keep pressure in the reservoir.

Oil 186
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Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

Green Car Congress

Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. The only emission from a hydrogen train is water; it produces no harmful particulate or gaseous emissions.

Hungary 334