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GE, Devon sign new technology collaboration agreement to drive unconventional resources innovations

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GE Oil & Gas and energy exploration and production company Devon Energy signed a new technology collaboration agreement (TCA) to drive innovations that will enhance the performance and economics of unconventional oil and natural gas projects as the demand for energy grows worldwide.

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DOE Awards Up to $6.9M to Nine Projects for Shale Gas and Coalbed Methane Production

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The Office of Fossil Energy’s National Energy Technology Laboratory (NETL) has selected nine new projects targeting environmental tools and technology for shale gas and coalbed methane (CBM) production. The primary objective of this project is to develop and demonstrate a process for the frac water returns from Marcellus Shale wells.

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DOE awards ~$25M to 8 projects for CO2 capture and compression; $15M for novel Direct Fuel Cell system

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In a typical DFC application, natural gas is combined with ambient air for the fuel cell power generation process. Water vapor, residual oxygen, nitrogen and the CO 2 from the input fuel pass through the cathode to the system exhaust. FuelCell Energy Inc. NRG Energy Inc.

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Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

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The deal will give BP a diverse and broad deepwater exploration acreage position offshore Brazil with interests in eight licence blocks in the Campos and Camamu-Almada basins, in water depths ranging from 330 to 9,100 feet (100-2,780 meters), as well as two onshore licences in the Parnaiba basin.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

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The vehicles and infrastructure being funded include the use of natural and renewable gas, propane, ethanol, biodiesel, electricity, and hybrid technologies. New Jersey Clean Cities Coalition’s New Jersey Compressed Natural Gas Refuse Trucks, Shuttle Buses and Infrastructure. Total DOE award: $14,999,658.