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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 Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. billion in cash. BP group chief executive Tony Hayward.

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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

BP also confirmed the recently-announced Pitu oil discovery in the frontier deepwater of the Potiguar basin off Brazil’s equatorial margin, announced by Petrobras. The well, which penetrated multiple Paleogene-aged reservoir sands, was drilled to a total depth of 29,221 feet (8,907 meters). Click to enlarge. Click to enlarge.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

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Smith School lifecycle study highlights importance for algae-derived biodiesel of co-product utilization and optimizing and decarbonizing every step of the supply chain

Green Car Congress

Since it is most likely that within the next decades the share of transport fuels from energy intensive unconventional oil resources will increase, the production of advanced biofuels from microalgae can only be a viable renewable fuel source if the energy intensity of the process can be managed and lowered accordingly. tons/ha/year).

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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

Green Car Congress

World oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030. In the IEO2009 reference case, world oil prices rise to $110 per barrel in 2015 (in real 2007 dollars) and $130 per barrel in 2030. Transportation.

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MIT Battery Breakthrough Could Revolutionize Electric Cars : Gas 2.0

Tony Karrer Delicious EVdriven

Folks who quote the math of the old system like a well memorized mantra are limited by the notion that no other system will ever exist, while in fact, super capacitive storage systems currently use higher voltages, in the 3000 volt range and rising, to attain larger power transfers, faster, and on lighter wiring! About Gas 2.0

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

The four-door sedan will deliver 40 miles on a charge; a small gasoline engine will recharge the battery as it approaches depletion, extending its range by as much as 200 miles. GM killed that car because of back room deals with oil companies, and now they expect us to believe that they are just so cutting edge now?

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