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

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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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SpaceX’s Elon Musk wins IAF World Space Award at 74th Int’l Astronautical Congress

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The award was given during the 74th International Astronautical Congress (IAC) in Baku, Azerbaijan. As per the organization, the CEO’s drive and willingness to put his own resources on the line was what made SpaceX very competitive in the launch segment.

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

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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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Global geothermal industry passes 12,000 MW operational

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New project announcements have increased the resource under development to about 30,000 MW. 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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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.

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

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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. 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. Estimated post-drill resource range for Lontra is 700 million to 1.1+ Click to enlarge.

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