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BP and Maersk collaborating to develop next-generation offshore drilling rigs for Project 20K

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BP also sees potential applications for the technology in Egypt, Azerbaijan and other deepwater basins around the world. BP and Maersk Drilling will collaborate to develop conceptual engineering designs for a new breed of advanced technology offshore drilling rigs that will unlock the next frontier of deepwater oil and gas resources.

Global geothermal industry passes 12,000 MW operational

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In 2013, new geothermal geologic studies or exploration moved forward in places as diverse as American Samoa, Argentina, Armenia, Australia, Azerbaijan, El Salvador, Ethiopia, Indonesia, Japan, Malaysia, Rwanda, Saudi Arabia, St. The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA).

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.

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.

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

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.