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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.
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.
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.
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.,
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.)
Accelergy Corporation, an advanced coal-to-liquids company, has formed a strategic partnership with the Energy & Environmental Research Center (EERC) at the University of NorthDakota. The companies made the announcement at the 3 rd Algae Biomass Summit in San Diego. Earlier post.). Earlier post.).
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.
The universities—located in Georgia, Texas, NorthDakota, Louisiana, California, and New York—will investigate the technology needed for the efficient operation of turbines using coal-derived synthesis gas (syngas) and high hydrogen content (HHC) fuels. University of NorthDakota , Grand Forks, N.D.
Marathon Petroleum Corporation selected Topsoe as the technology provider for renewable fuels production at the Martinez Renewable Fuels Facility in California. These renewable fuels produce fewer greenhouse gas emissions while performing the same as regular petroleum diesel or jet fuel.
A typical gas pump delivers fuel with 10 percent ethanol, which limits the amount of renewable energy most consumers can purchase at the pump. North Carolina. NorthDakota. South Dakota. Pennsylvania. Virginia-Maryland. West Virginia. Funding amounts for each state will be announced at a later date.
In the US, the Alberta Clipper Pipeline will extend 326 miles from the US-Canadian border near Neche, NorthDakota across northern Minnesota to an Enbridge terminal in Superior, Wisconsin. The RFA “They Said What?” In early August, the Renewable Fuels Association launched a “They Said What?”
Under this cost-shared research and development (R&D), DOE is awarding $51 million to nine new projects for coal and natural gas power and industrial sources. This work will focus on designing a carbon capture system capable of capturing 50 to 70 percent of CO 2 emissions from blast furnace gas. LH CO 2 MENT Colorado Project.
Summit Power Group, LLC and Blue Strategies, LLC have signed a 15-year CO 2 offtake agreement with Whiting Petroleum Corporation for some of the CO 2 that will be captured by Summit’s Texas Clean Energy Project ( TCEP ), a coal gasification with carbon capture polygen project being developed in Penwell, Texas, outside Odessa.
Prices for light oil are set at $67 per barrel and natural gas prices fixed at $7.50 According to the EIA , Argentina has over 800 trillion cubic feet of unproved technically recoverable shale gas reserves (more than the 622 tcf located in the US) and 27 billion barrels of shale oil, which is less than only the US, Russia, and China.
EV share in California, today's EV leader, will hit 94 percent, while NorthDakota, which has the lowest EV adoption rate today, will reach 19 percent, J.D. Charging infrastructure in California drastically eclipses infrastructure in NorthDakota. By 2035, the firm expects the U.S. to reach 70 percent EV retail share.
The batteries mean they have zero emissions and are better for the environment than gas-powered cars or golf carts. In 1998, GEM’s machine rolled off its NorthDakota production line as the first street-legal low-speed vehicle (LSV) in the U.S. GEM’s four EV models suit multiple needs, depending on your family or business.
Demonstrate plug‐in electric vehicles through local showcases in key markets throughout major metropolitan areas in seven Midwest states: Ohio, Michigan, Indiana, Illinois, Wisconsin, Minnesota, and NorthDakota. West Virginia University Research Corporation. Gas Technology Institute. Drive Oregon. Description.
.& They’ve been joined by Alabama, Alaska, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Nebraska, New Hampshire, NorthDakota, Ohio, Oklahoma, South Carolina, South Dakota, Utah, Virginia and Wyoming in the suit.&
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