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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

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The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007. Al-Futtaim and its network of experienced retailers will allow Fisker to reach customers in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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At its narrowest point, the Strait is 21 miles wide, but the width of the shipping lane in either direction is only two miles, separated by a two-mile buffer zone. Alternate routes to the Strait include: The 745-mile long Petroline, also known as the East-West Pipeline, across Saudi Arabia from Abqaiq to the Red Sea.

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MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

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The Levant Basin contains the activity closer to Cyprus, while the gas production offshore Egypt is a part of the Nile Delta Basin. The Cyprus A-2 well, which is more than four miles northeast of the A-1 discovery location, was drilled to a total depth of 18,865 feet (5,750 m) in 5,575 feet (1,699 m) of water. Click to enlarge.

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