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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.,
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. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W.
Marathon Petroleum Corporation and Enbridge Energy Partners, L.P. of the construction of the Sandpiper Project, which will become part of Enbridge Energy Partners’ NorthDakota System when it is completed. Marathon Petroleum Corporation is the US’ fourth-largest refiner, with a crude oil refining capacity of approximately 1.7
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.
The US State Department has issued a Presidential Permit to Enbridge Energy, Limited Partnership to enable construction of the Alberta Clipper pipeline for the transport of crude oil from the Canadian oil sands to US refineries. This week, the RFA happened to issue two pieces, each touching on the impact of oil sands production.
Williston Basin (Montana, NorthDakota and South Dakota): University of NorthDakota plans to lead a coalition to drive the expansion and transformation of coal and coal-based resource usage within the Williston Basin to extract rare earth elements and critical minerals and produce non-fuel carbon-based products.
The ORegen technology qualified for partial government funding through the Alberta Climate Change and Emissions Management Corporation. GE Oil & Gas has received a contract to supply the ORegen system to NRGreen Power, which is coordinating the project. The fluid vapor then condenses, closing the loop.
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.)
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.
The refinery, the oldest continuously operating one on the east coast, processes 330,000 barrels of oil per day into various refined products and was scheduled for shut down in August of 2012. Global asset manager The Carlyle Group L.P. and Sunoco, Inc. Earlier post.). This transaction is subject to customary closing conditions.
TransCanada Corporation has submitted a new Presidential Permit application to the US Department of State (DOS) for the Keystone XL Pipeline from the US/Canada border in Montana to Steele City, Nebraska. Keystone XL has an initial capacity of 830,000 bbl/d.
Accelergy Corporation has begun production of a synthetic fuel from coal and biomass, to be evaluated by the United States Air Force (USAF) as the industry benchmark for 100% synthetic jet fuel. Camelina oil. Production from this facility will commence in the 3 rd quarter of this year. Groenewold, Director of the EERC.
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. Earlier post.).
The Energy & Environmental Research Center ( EERC ) at the University of NorthDakota has been awarded a subcontract by Science Applications International Corporation (SAIC) to help produce renewable jet fuel from algae. The EERC will utilize the same proprietary technology to produce jet fuel from algae oils.
Marathon OilCorporation has reached a definitive agreement with Hilcorp Resources Holdings, LP to purchase its assets in the core of the Eagle Ford shale formation in Texas in a transaction valued at $3.5 billion subject to closing adjustments, customary terms and conditions, and Hart-Scott-Rodino approval.
Marathon Petroleum Corporation selected Topsoe as the technology provider for renewable fuels production at the Martinez Renewable Fuels Facility in California. Renewable fuels are made from waste, animal fats, used cooking oils and organic materials such as soybean oils.
The Hydrotreated Renewable JP-5 fuel supplied under the DESC procurement is to consist predominately of n-paraffins, iso-paraffins and cycloparaffins and shall be produced solely from triglycerides and free fatty acids derived from either plant or algal oils. Earlier post.) Rick Kamin.
University of NorthDakota Energy & Environmental Research Center (Grand Forks, ND) will complete an initial engineering design for a hybrid capture system and estimate associated costs for retrofitting the Red Trail Energy ethanol plant. DOE Funding: $1,500,000; Non-DOE Funding: $405,328; Total: $1,905,328.
TransCanada Corporation has informed the US Department of State (DOS) that it plans to file a Presidential Permit application (cross-border permit) in the near future for the Keystone XL Project from the US/Canada border in Montana to Steele City, Nebraska. The approximate cost is US$2.3 Cross-border Project.
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