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ExxonMobil to acquire CCS solutions company Denbury for $4.9B

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an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. Acquiring Denbury reflects our determination to profitably grow our Low Carbon Solutions business by serving a range of hard-to-decarbonize industries with a comprehensive carbon capture and sequestration offering.

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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

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Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. Lease Sale 231 in the Central Planning Area and Lease Sale 225 in the Eastern Planning Area will be held consecutively in New Orleans, Louisiana, on 19 March 2014.

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BP to acquire unconventional US onshore assets from BHP for $10.5B; transforming US onshore oil & gas business

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BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana. billion boe.

Oil 150
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Startup New Oil Resources commercializing hydrothermal process for conversion of biomass to gasoline-range hydrocarbons

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The basic New Oil process. Louisiana-based startup New Oil Resources (NOR) is commercializing a near-critical (i.e., New Oil Resources licensed the technology (US Patent 6,180,845 ) in 2009 from Louisiana State University (LSU); the original developers of the process are Drs. Click to enlarge.

Oil 199
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REG files 5 renewable diesel pathway applications for California LCFS

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REG has submitted five pathways for the production of renewable diesel (RD) from a variety of feedstocks—rendered used cooking oil; non-rendered used cooking oil; corn oil; tallow; and soy oil—to the California Air Resources Board (ARB) for consideration as Low Carbon Fuel Standard (LCFS) pathways.

Renewable 150
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ACS Symposium on Deepwater Horizon Oil Spill

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The American Chemical Society (ACS) will hold a special day-long symposium on the Deepwater Horizon oil spill on Tuesday, 24 Aug during its 240 th National Meeting & Exposition in Boston. The oil spill is a cross-disciplinary problem in which chemistry plays a key role in finding solutions. —co-organizer also of LSU. also of LSU.

Oil 186
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GM sourcing components for the Chevy Volt produced from recycled oil-soaked plastic booms from BP spill

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General Motors has developed a method to convert an estimated 100 miles of the oil-laden plastic boom material used to soak up oil from the BP spill in the Gulf of Mexico earlier this year into parts for the Chevy Volt. Heritage Environmental managed the collection of boom material along the Louisiana coast. Click to launch.

Oil 262