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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

Nexen has major positions in three of the world’s most significant conventional basins: the UK North Sea, Offshore West Africa and the deep-water Gulf of Mexico. Nexen is focused on three core businesses: conventional offshore oil and gas; oil sands; and shale gas: Conventional oil and gas. These investments include a stake in MEG Energy Inc.,

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Petrobras Announces New Discovery in the Deepwater Caratinga Field; Production Up 3.2% in April

Green Car Congress

Petrobras announced the discovery of two new light oil accumulations (29° API) in reservoirs in the post- and pre-salt layer in deep Campos Basin waters. If the connection between these two accumulations is confirmed, preliminary data for the new well indicate a joint potential recoverable volume of 360 million barrels of oil equivalent.

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This Lockheed Martin Researcher’s Work on UAVs Saves Lives

Cars That Think

Indago flies above structures engulfed in flames and maps out the hot zones, on which K-Max then drops flame retardant or water. Compared with other aircraft, the spinning drone is simpler to produce, requires less maintenance, and is less complex to control because its only control surface is the trailing-edge flap.

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