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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

Green Car Congress

The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil.

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California ARB fines two shipping companies $53K each for violating low-sulfur fuel regulation

Green Car Congress

The California Air Resources Board (ARB) has fined two shipping companies for failing to switch from bunker fuel to cleaner, low-sulfur fuel when sailing within 24 miles of the California coast, as required by a state law adopted in 2008. They must also follow all fuel switchover requirements, and maintain accurate records.

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

Russia’s energy resources are enormous and Europe’s dependence on them is deep and pervasive. Russia is the world’s second largest producer of crude oil, behind the United States and ahead of Saudi Arabia, and its second largest exporter, behind Saudi Arabia. percent stake in the enormous Sakhalin-2 oil and gas development.

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Lux Research: Australia best positioned to be next big shale play; China and Argentina next

Green Car Congress

Hydraulic fracturing and horizontal drilling have unlocked shale gas and tight oil resources previously written off as uneconomical, single-handedly altering North America’s energy landscape. Others such as Poland have not been so lucky, with ExxonMobil and Talisman Energy pulling out after disappointing exploration results.

Argentina 225
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

With the conclusion of the 14 th Congress in Poznań, Poland a year later and little progress made, member delegates, some of who had been showing signs of pessimism and fatigue in their statements to the press, were left with just four second-level meetings at which to resolve major outstanding differences. 24 November 2009. [

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