ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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The road is part of the Trans-Caspian Sea Transit Corridor Baku–Astrakhan–Atyrau–Aktobe–Aktau–Turkmen border, which connects Kazakhstan with Azerbaijan and Europe in the West, with the Russian Federation in the North, and with Turkmenistan in the South. The Asian Development Bank (ADB) has approved a $240.3-million loan to help Kazakhstan modernize its transport system.

Using new seismic imaging technique, BP finds significant additional resources in the Gulf of Mexico

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As a result of this early success, BP now is deploying this technique to fields elsewhere in the Gulf of Mexico as well as in Azerbaijan, Angola, and Trinidad and Tobago. BP announced a major breakthrough in seismic imaging that has identified more than 200 million barrels of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico.

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First production Detroit SP:01 EV rolls off assembly line

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Detroit Electric has established distributors throughout Europe and Asia extending from the North (Iceland and Norway) and the East (Azerbaijan, South Korea, China and Hong Kong) to the South (South Africa), with additional countries due to join the growing global network over the coming months. The first production Detroit Electric SP:01 ( earlier post ) has rolled off the line at the company’s Leamington Spa (UK) manufacturing facility.

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

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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 As well as giving us a broad portfolio of assets in the exciting Brazilian deepwater, it will strengthen our position in the Gulf of Mexico, enhance our interests in Azerbaijan and enable us to progress the development of Canadian assets. —BP

BP starts up Na Kika Phase 3 in ultra-deepwater Gulf Of Mexico

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Na Kika Phase 3 is BP’s third new major upstream project to begin production so far in 2014, following the earlier start-ups of the Chirag Oil project in Azerbaijan and the Mars B project in the Gulf of Mexico. BP announced the start-up of Na Kika Phase 3, a project supporting BP’s strategy of growing high-margin production at four BP-operated hubs in the ultra-deepwater Gulf of Mexico.

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UNECE Adopts Type Approval for Electric and Hybrid Vehicles’ Electric Safety Requirements; Applies in 41 Countries

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100 includes the 27 Member States of the European Union, the European Union itself, as well as Azerbaijan, Belarus, Bosnia and Herzegovina, Croatia, Malaysia, Montenegro, Norway, Russian Federation, Serbia, Switzerland, The Former Yugoslav Republic of Macedonia, Tunisia and Turkey. Generic format of the approval mark pursuant to Regulation No. 100. “1” 1” is replaced by the distinguishing number of the country which has granted/extended/refused/withdrawn approval.

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

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The largest source of growth in 2010 is the United States, followed by Brazil, Azerbaijan, and Kazakhstan. Projected US CO 2 growth from fossil fuels. Source: EIA. Click to enlarge. The US Energy Information Administration (EIA) estimates in the April 2010 release of its Short-Term Energy and Summer Fuels Outlook that CO 2 emissions from fossil fuels, which declined by 6.6% in 2009, will increase by 2.1% in 2010 and 1.1% in 2011 as economic growth fuels higher energy consumption.

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