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Marathon Petroleum implements Topsoe technology at Martinez Renewables facility in California

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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.

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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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Williston Basin (Montana, North Dakota and South Dakota): University of North Dakota 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.

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$67 Oil Has All The Majors Converging in Argentina

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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.

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Marathon to serve as anchor shipper for Bakken Sandpiper Project pipeline

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Marathon Petroleum Corporation and Enbridge Energy Partners, L.P. of the construction of the Sandpiper Project, which will become part of Enbridge Energy Partners’ North Dakota System when it is completed. Marathon Petroleum Corporation is the US’ fourth-largest refiner, with a crude oil refining capacity of approximately 1.7

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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. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W.

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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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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.

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The Carlyle Group and Sunoco to form Philadelphia refinery joint venture

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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.