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Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

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Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. North America is expected to witness the highest capex globally, with $254.3

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China Steel Corporation making $46M investment in LanzaTech commercial waste-gas-to-ethanol project

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Taiwan’s largest integrated steel maker, China Steel Corporation (CSC), has announced formal Board approval of a 1400-million TWD (US$46 million) capital investment in a LanzaTech commercial ethanol facility. China Steel Corporation (CSC), located at Kaohsiung, Taiwan, was founded in December 1971. Earlier post.). Earlier post.).

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Battelle-R&D Magazine forecast predicts 5.2% growth in 2012 global R&D spending to $1.4+T, largely driven by Asian economies; US companies and tech providers to boost energy R&D spending by 23.1% to $6.7B

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Global R&D spending 2011. Source: 2012 Global R&D Funding Forecast. The Battelle-R&D Magazine annual Global R&D Funding Forecast concludes that global research and development (R&D) spending will grow by about 5.2% in 2012 to more than $1.4 billion in R&D in 2012, up 3.75% over 2011. Click to enlarge.

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GM names LG Chem Supplier Corporation of the Year

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GM selected LG Chem, its provider of battery cells for the Chevrolet Volt, as the Supplier Corporation of the Year in the 19 th annual Supplier of the Year awards. The Supplier of the Year awards recognize the contributions of GM’s suppliers in 2010 as part of the company’s global product and performance achievements.

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Bosch, GS Yuasa, and Mitsubishi Corporation to set up JV for next generation lithium-ion batteries

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and Mitsubishi Corporation have agreed to work together on the next generation of high-performance lithium-ion batteries. Bosch intends to hold a 50% stake in the joint venture, with GS Yuasa and Mitsubishi Corporation each holding 25%. Robert Bosch GmbH and the Japanese companies GS Yuasa International Ltd. Earlier post.)

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National Electric Vehicle Sweden AB (NEVS) and Dongfeng Motor Corporation enter strategic cooperation, focused on new energy vehicles

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National Electric Vehicle Sweden AB (NEVS)—the rebirthed Saab—and Dongfeng Motor Corporation (Dongfeng) have signed a strategic cooperation agreement to achieve global industrial synergies. Dongfeng will also support NEVS to achieve the new energy vehicle mass production. —Mattias Bergman, President, NEVS.

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Cumulative global sales of Lexus hybrids pass half-million mark

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Cumulative global sales of all Toyota Motor Corporation (TMC)-produced hybrid vehicles—i.e., The RX 400h, launched in 2005, was the world’s first production full hybrid luxury SUV. Lexus hybrid cumulative sales to end-November 2012. Global total. % Today, hybrids account for about 25% of all Lexus sales.

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