Energy Consortium Will Not Face Antitrust Charges

Law360, New York (August 24, 2007, 12:00 AM EDT) -- The Department of Justice's Antitrust Division has told seven major energy companies that it does not intend to challenge their proposal to engage in joint nanotechnology research with the University of Texas.

According to the DOJ, the group plans to research and develop ways of using nanotechnology in the exploration of oil and natural gas. Specifically, its goal is to develop extremely small subsurface nanosensors that can be injected into oil and gas well bores, the DOJ said Thursday.

“By virtue of their very small size,...
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