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Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

Green Car Congress

Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 In Azerbaijan, acquisition of Devon’s 5.63% stake in the ACG development will increase BP’s operating interest in the fields to 39.77%. billion in cash.

Oil-Sands 186
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BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

Green Car Congress

The Gila discovery was made by an exploration well on Keathley Canyon Block 93, about 300 miles (483 miles) southwest of New Orleans, in approximately 4,900 feet (1,494 meters) of water. The lease for Keathley Canyon Block 93 was acquired in the Western Gulf of Mexico Lease OCS Sale 187 in 2003. Click to enlarge. —Joseph H.

Angola 220
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Lotfi Zadeh and the Birth of Fuzzy Logic

Cars That Think

He was born in 1921 in Azerbaijan, then part of the Soviet Union, and moved to Iran at age 10. was the first to apply fuzzy theory to a consumer product, a shower head that controlled water temperature, in 1987. His parents—his father a businessman and newspaper correspondent, his mother a doctor—were comfortably well off. “I