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Irving Oil and TransCanada to form JV to develop new Saint John Marine Terminal for Energy East pipeline

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The Canaport Energy East Marine Terminal will connect TransCanada’s Energy East Pipeline to an ice-free, deep water port. The Canaport Energy East Marine Terminal will connect TransCanada’s Energy East Pipeline to an ice-free, deep water port. —Paul Browning, President and CEO, Irving Oil.

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Statoil greenlights $7B Mariner heavy-oil project in UK North Sea

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Statoil has made the investment decision to develop the Mariner heavy oil field development in the UK North Sea. The Mariner Field is located on the East Shetland Platform of the UK North Sea approximately 150 km east of the Shetland Isles. The heavy oil project will require pioneering technology in order to be developed.

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UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

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Methane hydrate—natural gas trapped in an ice-like cage of water molecules—occurs in both terrestrial and marine environments. Post-cruise analyses will determine the in situ concentrations, the physical properties, the lithology, and the thermodynamic state of methane hydrate bearing sand reservoirs.

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Canada Launches Algal Biofuels Project

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Speaking in Halifax, the Honorable Gary Goodyear, Minister of State (Science and Technology), made the announcement at the launch of the algal biofuel project at the National Research Council Institute for Marine Biosciences (NRC-IMB). In parallel, scientists are also working to develop technology to effectively extract the oil.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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China will see the largest increase—more than 4 million oil-equivalent barrels per day. Diesel will also play a more significant role in the marine sector in the latter half of the Outlook period, in response to stricter marine emissions standards. Transportation fuels. Demand for jet fuel will also grow close to 75%.

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BOEM releases for comment draft EIS on G&G survey activities to develop energy resources in Mid- and South Atlantic

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The PEIS describes and evaluates the potential environmental impacts of G&G survey activities in Federal waters of the Mid- and South Atlantic Outer Continental Shelf (OCS) and adjacent State waters for three program areas (oil and gas, renewable energy, and marine minerals) during the 2012-2020 time period. Savannah, Ga.;

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Rice University lab study suggests foam may maximize enhanced oil recovery efforts

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Results of a Rice University laboratory study suggests that using foam may maximize enhanced oil recovery (EOR). Oil resides in formations of rock and sand in small cracks and crevices that have proved devilishly difficult to tap. Drillers pump various substances downhole to loosen and either push or carry oil to the surface.

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