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Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

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an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oil sands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a

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Utah Water Quality Board upholds issuance of permit for oil sands mine in Utah

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The Utah Water Quality Board, in a 9-2 vote this week, agreed with the August 2012 recommendations of an administrative law judge (ALJ) upholding a permit-by-rule issued by the Division of Water Quality (DWQ) for the proposed PR Spring an oil sands mine on state land in eastern Utah. USOS bitumen extraction process. Source: USOS.

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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

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Canada-based Osum Oil Sands Corp. With the submission of this application and as a result of the proximity of the project to existing in situ production of 340,000 barrels per day, Osum was assigned 359 million barrels of proved plus probable reserves by its independent reserve auditors. Credit Suisse Securities (Canada), Inc.,

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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 This resumption of production may accelerate if WTI remains above $30 per barrel—a price that allows operators to cover their operating costs and that reflects improved storage availability.

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Sunshine Oilsands Ltd. and China Oilfield Services Ltd. intend to cooperate on oilsands technology; possible testing of new thermal recovery technique

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The MOU is not legally binding except for those provisions in respect of exclusivity, confidentiality and dispute resolution. is one of the largest non-partnered holders of oil sands leases by area in the Athabasca oil sands region. Sunshine Oilsands Ltd.

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BC government won’t support Northern Gateway oilsands pipeline as presented over spill response concerns

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Northern Gateway’s West line, 36 inches in diameter, would transport an average of 525,000 barrels of oil sands crude per day to Kitimat. Condensate is used to thin petroleum products for pipeline transport (diluent). Canada Infrastructure Oil sands Policy' The project before the JRP is not a typical pipeline.

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BMW M introduces its first high-performance car with electrified drive system: BMW XM PHEV

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Production of the BMW XM will get underway at BMW Group Plant Spartanburg in the USA in December 2022 before it arrives at dealers worldwide in spring 2023. liter unit features a cross-bank exhaust manifold and an optimized oil separation process. kWh/100 km in the WLTP cycle; and CO 2 emissions of 36 – 33 g/km in the WLTP cycle.

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