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). 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.

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

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According to the latest available figures from the GECF Global Gas Outlook 2050, natural gas production in the Central Asian Republic is set to increase by 78% to reach the level of more than 141 billion cubic metres (bcm) by 2050, at a remarkable annual growth rate of 1.9%. Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF).

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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 decline of global oil prices since 2014 and lower external demand has encouraged the government to create a favorable environment for business-driven regional economic development.

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

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BP estimates it could potentially access an additional 10-20 billion barrels of resources across its global portfolio over the next two decades with the application of Project 20K technology. BP also sees potential applications for the technology in Egypt, Azerbaijan and other deepwater basins around the world.

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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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BP deepened its equity in the Gila prospect and accessed the BM-CAL-13 lease as part of the acquisition of Devon Energy’s interests in the Gulf of Mexico, Brazil and Azerbaijan, announced in 2010. While further appraisal drilling will be required to determine the ultimate size of the Lontra field, it is clear that Lontra is a discovery on a global scale. BP said that 2013 had been its most successful year for new field exploration for almost a decade.

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

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This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. 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.

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