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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

Oil-Sands 325
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million b/d in 2022 and by an additional 1.6

Global 448
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BioJet Corporation and Camelina Producer Great Plains Oil Team to Produce Renewable Jet Fuels

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BioJet Corporation and Great Plains Oil & Exploration have executed a Teaming Agreement for the purpose of producing renewable jet fuels. The companies plan to jointly develop integrated camelina cultivation and associated refinery projects in the US Europe, South America, and Asia.

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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

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Through the swap, BASF aims to further expand its production of oil and gas via its wholly owned subsidiary Wintershall —Germany’s largest internationally active crude oil and natural gas producer—and to exit the gas trading and storage business. billion barrel of oil equivalent. This is equivalent to a total of 2.4

Gas 218
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MAN Energy to supply engines for Finnlines hybrid RoRos; 100% increase in efficiency

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These will use fuel-oil during navigation and lithium mega-batteries in harbor, thus guaranteeing zero emissions in port—and meeting the Registro Italiano Navale (RINA) Green Plus class notation—while still satisfying energy requirements at berth. Designed by Knud E.

Supplies 362
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Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

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Earlier this year, Elevance entered into an agreement to form a joint venture with Wilmar International Limited (Wilmar), one of the largest global agribusiness groups, to construct a biorefinery based on olefin metathesis technology for the production of high-value performance chemicals, advanced biofuels and oleochemicals from renewable oils.

Financing 210
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GM introducing US/Canada version of 2013 Chevrolet Spark at LA Auto Show

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GM will introduce the 2013 Chevrolet Spark minicar at the Los Angeles International Auto Show. 2L features technologies such as dual continuous variable cam phasing, electronically controlled thermostat and low-friction engine oil. In the United States and Canada, the Spark will be powered by a 1.2L lb-ft (111 N·m).

Canada 218