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Louisiana Governor and Air Products announce US$4.5B blue hydrogen clean energy complex in Eastern Louisiana

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Louisiana Governor John Bel Edwards and Air Products Chairman, President, and CEO Seifi Ghasemi announced a $4.5-billion billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition. Today, this vast US Gulf Coast pipeline network can supply customers with more than 1.6

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EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

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In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). In 2021, Texas’s annual crude oil and lease condensate proved reserves increased by 12% (1.9

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EIA: Proved reserves of US natural gas increased 32% during 2021

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trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report. The wholesale spot price for natural gas at the US benchmark Henry Hub in Louisiana averaged $3.89

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NuStar, EOG Resources to build rail offloading facility in Louisiana for expanded transportation and storage of shale play crudes

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NuStar Logistics, EOG Resources Rail Yard (Louisiana) LLC and EOG Resources Marketing, Inc. both subsidiaries of EOG Resources, Inc.) have entered into a definitive agreement to develop, build and own jointly a 70,000-barrel-per-day unit train offloading facility at NuStar’s crude oil terminal in St.

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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.

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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. On completion, $5.25

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Chevron / Toyota road trip demonstrates renewable gasoline blend

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Chevron (as well as fellow oil major ExxonMobil) has been developing co-processing—adding biomass-derived feedstocks to the fossil-based feedstocks of existing petroleum refinery process units—as a way to produce fuels with increased renewable content more cost-effectively.

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