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BYD and UzAuto to form NEV production JV in Uzbekistan

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BYD and Uzavtosanoat JSC (UzAuto) signed an agreement to establish a joint venture company producing new energy vehicles (NEVs). Strong cooperations with other international enterprises on the development of vehicle electrification is part of the core business strategy.

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GECF: more than a quarter of 2050 natural gas supply untapped

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To this end, the GECF Secretary General reiterated the GECF’s readiness to support the Turkmen industry as it undergoes transformation on the back of the future energy trends, digitalization, and climate action. It is headquartered in Doha, Qatar.

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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 In Azerbaijan, acquisition of Devon’s 5.63% stake in the ACG development will increase BP’s operating interest in the fields to 39.77%. billion in cash.

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Global geothermal industry passes 12,000 MW operational

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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). Ormat Technologies, and AltaRock Energy. It was built by US Geothermal and TAS Energy.

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BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

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Earlier in December, Cobalt International Energy announced a significant discovery at its Lontra well in the pre-salt play offshore Angola, in which BP holds a 30% interest. In mid-December 2013, BP announced its discovery in the Gila prospect, its latest in the Paleogene in the deepwater US Gulf of Mexico. Click to enlarge.

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COP26 declaration on accelerating the transition to 100% zero emission cars and vans

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Signatories by category: Governments: Austria; Azerbaijan; Cambodia; Canada; Cape Verde; Chile; Croatia; Cyprus; Denmark; El Salvador; Finland; Iceland; Ireland; Israel; Lithuania; Luxembourg; Netherlands; New Zealand; Norway; Poland; Slovenia; Sweden; United Kingdom. —COP 26 Declaration. Financial institutions: Aviva; NatWest.