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TOYO Engineering signs multi-year oil sands deal

Green Car Congress

Japan-based TOYO Engineering Corporation, through its Canadian subsidiary TOYO Engineering Canada Ltd., TOYO has performed major projects in the global oil and gas industry for more than 50 years and, with the EPC scope of work for the JACOS Hangingstone Project, TOYO will be advancing its business in the Canadian oil and gas sector.

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Japex to proceed with C$1.4B Hangingstone oil sands expansion

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Japan Petroleum Exploration Co, Ltd. Japex) will proceed with an expansion of its oil sands project in the Hangingstone area in Alberta. Japan Canada Oil Sands Ltd. Japan Canada Oil Sands Ltd. Total costs for the initial development are anticipated to be around C$1.4 billion (US$1.42

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JAPEX delaying final investment decision for Hangingstone oil sands project

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Japan Petroleum Exploration Co., JAPEX), will postpone making a final investment decision (FID) for the Hangingstone Oil Sands Expansion Project ( earlier post ) in Alberta Province, Canada, based on a longer-than-expected approval process with the Alberta authorities.

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JAPEX to invest 65-70B in further oil sands development in Canada

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Japan Petroleum Exploration Co. JAPEX) plans to invest ¥65-70 billion (US$830–893 million) in its Canadian oil sands projects, Chief Executive Osamu Watanabe told Dow Jones Newswires. China’s biggest offshore oil and gas producer, said it will buy Canadian oil-sands developer OPTI Canada Inc.

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UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

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More specifically, this new project, managed by the DOE’s Office of Fossil Energy’s National Energy Technology Laboratory, will characterize and prioritize known and prospective drilling locations with a high probability of encountering concentrated methane hydrates in sand-rich reservoirs. Distribution of known methane hydrate accumulations.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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China will see the largest increase—more than 4 million oil-equivalent barrels per day. As conventional production declines, more of the world’s oil demand will be met by emerging sources that only recently became available in significant quantities: oil sands, tight oil, deepwater, NGLs and biofuels.

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Toyota Tsusho strategic equity investor in bio-BTX company Anellotech

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Dried and ground biomass is rapidly heated, and the resulting gases are immediately converted into hydrocarbons by a proprietary, reusable, sand-like zeolite catalyst.

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