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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

Canada-based Osum Oil Sands Corp. In anticipation of regulatory approval, the Company continues to advance its detailed and long-lead engineering with completion expected in 2012. has entered into definitive agreements with a group of investors to issue, on a private placement basis, $500 million in equity securities.

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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels. billion oil-equivalent barrels.

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Satellite Imagery for Everyone

Cars That Think

What’s more, with the recent advances in artificial intelligence, companies can more easily extract the information they need from huge digital data sets, including ones composed of satellite images. These underwater sand dunes adorn the seafloor between Andros Island and the Exuma islands in the Bahamas.

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