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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. Values of US upstream M&A oil and gas M&A deals, 2006-2011. —Ronyld W. Wise, President of PLS.

El Paso 225
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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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Exxon Mobil Corporation is acquiring XTO Energy Inc. 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. in an all-stock transaction valued at $41 billion.

Oil 186
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First application of GE ORegen organic rankine cycle waste heat recovery system at Alliance Pipeline Compressor Station in Alberta

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ORegen is the largest organic rankine cycle single unit available in the market for gas turbines waste heat recovery. The ORegen technology qualified for partial government funding through the Alberta Climate Change and Emissions Management Corporation. ORegen is applicable on any type of simple-cycle gas turbine.

Waste 255
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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. The tar sands are estimated (e.g.,

Oil-Sands 218
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Diversified Energy Hits Gasifier Development Milestones in DOE-Sponsored Program

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Diversified Energy Corporation has successfully completed several key milestones in an advanced gasification development program being sponsored by the US Department of Energy (DOE) National Energy Technology Laboratory (NETL). Earlier post.). Earlier post.). Earlier post.)

Energy 218
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Accelergy Licenses EERC Technology for Coal Biomass to Synthetic Jet Fuels Process

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Accelergy Corporation, an advanced coal-to-liquids company, has formed a strategic partnership with the Energy & Environmental Research Center (EERC) at the University of North Dakota. The companies made the announcement at the 3 rd Algae Biomass Summit in San Diego. Earlier post.). Earlier post.).

Coal 186
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The Carlyle Group and Sunoco to form Philadelphia refinery joint venture

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In addition, the refinery’s exceptional location and infrastructure will enable the joint venture to create new business opportunities related to Marcellus Shale natural gas fields. The refinery will be a reliable and critical supplier of fuels to the regional market through its new business structure and improved crude oil sourcing.