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Transcanada restarts Keystone oil sands pipeline operations

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TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oil sands crude on Sunday, 5 June, after a shutdown 29 May following an above-ground spill at a pump station in Kansas involving less than 10 barrels of oil. —PHMSA Corrective Action Order. Click to enlarge.

Oil-Sands 218
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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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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 is a US producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States.

Oil 186
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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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AEO2013 offers a number of other key findings, including: Crude oil production , especially from tight oil plays, rises sharply over the next decade. Domestic oil production will rise to 7.5 Biofuels grow at a slower rate due to lower crude oil prices and. A shift to the use of Brent spot price as the reference oil price.

Fuel 225
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ARPA-E Awards $151M to 37 Projects for Transformative Energy Research

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RTI International will work with ADM, Albemarle and ConocoPhillips to develop a novel single-step catalytic biomass pyrolysis process with high carbon conversion efficiency to produce stable bio-crude oil with low oxygen content. Energy Efficient Capture of CO 2 from Coal Flue Gas. DOE grant: $3,111,693). CARBON CAPTURE.

Energy 231