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BYD and UzAuto to form NEV production JV in Uzbekistan

Green Car Congress

BYD and Uzavtosanoat JSC (UzAuto) signed an agreement to establish a joint venture company producing new energy vehicles (NEVs). UzAuto companies produce a range of vehicles from light passenger vehicles to heavy-duty trucks, buses, trailers and superstructures with an annual production volume of more than 350,000 vehicles per year.

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

Green Car Congress

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

Green Car Congress

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. Over the past five years, BP has invested nearly $50 billion in the US—more than any other energy company, it says.

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

Green Car Congress

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. Estimated post-drill resource range for Lontra is 700 million to 1.1+ Click to enlarge. billion barrels of oil equivalent, according to Cobalt.

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First production Detroit SP:01 EV rolls off assembly line

Green Car Congress

Energy density of the pack is 140Wh/kg, benefitting range while keeping overall vehicle weight low. The car runs 0-60mph in 3.7 seconds (0-100km/h in 3.9 seconds) with a top speed of 155 mph (249 km/h). The battery in the SP:01 has been integrated into the chassis as a stressed member, adding stiffness to enhance handling and safety.

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