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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 The undeveloped Kirby oil sands leases are in the south east of the Athabasca region of Alberta, close to the Devon-operated Jackfish development, which started production in 2007.

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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

Green Car Congress

The largest source of growth in 2010 is the United States, followed by Brazil, Azerbaijan, and Kazakhstan. Before 2008, the United States was typically a net importer of distillate fuel, averaging 160,000 bbl/d over the summers of 2000 through 2007. US crude oil production averaged 5.32

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