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Statoil to Sell 40% of Offshore Brazil Oil Field to Sinochem for $3B Cash

Fri, 05/21/2010 - 10:03
Statoil ASA has agreed to sell 40% of the Peregrino field offshore Brazil to China’s Sinochem Group. Statoil maintains 60% ownership and the operatorship of the field which is set to start production in early 2011. Map of the Peregrino... Mike Millikin

Statoil to Sell 40% of Offshore Brazil Oil Field to Sinochem for $3B Cash

Fri, 05/21/2010 - 10:03
Statoil ASA has agreed to sell 40% of the Peregrino field offshore Brazil to China’s Sinochem Group. Statoil maintains 60% ownership and the operatorship of the field which is set to start production in early 2011. Map of the Peregrino... Mike Millikin

US DOE Offers $2B Conditional Loan Guarantee for Front End Nuclear Facility in Idaho

Fri, 05/21/2010 - 09:47
As part of a broad effort to expand the use of nuclear power in the United States and reduce carbon pollution, US Secretary of Energy Steven Chu announced today Department’s first conditional commitment for a front-end nuclear facility. The $2-billion... Mike Millikin

US DOE Offers $2B Conditional Loan Guarantee for Front End Nuclear Facility in Idaho

Fri, 05/21/2010 - 09:47
As part of a broad effort to expand the use of nuclear power in the United States and reduce carbon pollution, US Secretary of Energy Steven Chu announced today Department’s first conditional commitment for a front-end nuclear facility. The $2-billion... Mike Millikin

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

Fri, 05/21/2010 - 09:41
A new study by the Peterson Institute for International Economics concluded that the Kerry-Lieberman “American Power Act”—the energy and climate change legislation recently introduced in the Senate (earlier post)—would reduced US oil imports by 33-40% below current levels and by... Mike Millikin

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

Fri, 05/21/2010 - 09:41
A new study by the Peterson Institute for International Economics concluded that the Kerry-Lieberman “American Power Act”—the energy and climate change legislation recently introduced in the Senate (earlier post)—would reduced US oil imports by 33-40% below current levels and by... Mike Millikin

Daimler Buses North America’s Orion VII Transit Bus Makes World Debut with SCR

Fri, 05/21/2010 - 09:07
Daimler Buses North America (DBNA) unveiled the new-generation diesel Orion VII transit bus, now equipped with selective catalytic reduction (SCR) emissions technology, at the Bus & Paratransit Conference in Cleveland, Ohio. Sales of the all-new Orion VII have already commenced... Mike Millikin