Jason Barton

Professional Information and Energy News

Archive for the ‘British Petroleum’ tag

Why Ford Wants Microsoft to Manage the Electric Vehicle Influx

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If there is a significant move to electric vehicles, and most of us come home from work and plug in our vehicles at the same time, there’s going to be an even bigger glut that we already have, and we already have a big glut. To those who deny the possibility, I’ll point to a recent conversation with a VP of BP (formerly British Petroleum) who said that in 50 years, the only use for oil will be for aviation. (Well, first he said that “we will never run out of oil.” When pressed about the meaning of “never,” he said not in his lifetime, and probably not in his kids’ lifetime. He was about 60, maybe 55. Clearly he’s not a geologist.)

The point is not to argue timescales or the finite nature of petroleum, but to point out that even the higher ups in the petroleum industry are thinking that plug-in vehicles are the wave of the future.

If these people within the petroleum industry and the folks discussed in the article below are correct, then the technology discussed in this article will be of the utmost importance to ensure a smooth transition to the infrastructure required for such a system.

Earth2Tech

Apr. 1, 2010, 12:00am PDT

Ford and Microsoft’s announcement on Wednesday that they’ll use Microsoft’s Hohm tool to minimize energy costs for drivers of Ford’s electric vehicles — and help limit strain on the power grid for utilities — represents a big step in the development of a “smart charging” ecosystem. But Microsoft and Ford both say Hohm, and other tools like it, need to — and will eventually — offer much more than this initial step.

[…]

Thousands of companies — many of them startups — are working on hardware and software for charging plug-in vehicles, Gioia said at the time, adding “We have not come even close to a funnel.” With an open architecture, the idea with Hohm is to keep the doors open for awhile longer.

Read the entire article here.

BP Taps Deep Water to Grow [in Brazil]

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MARCH 11, 2010, 8:24 P.M. ET

By GUY CHAZAN

BP PLC’s $7 billion deal with Devon Energy Corp should help dispel some of the misgivings that have weighed on the British oil major’s stock in recent years—particularly doubts about its ability to keep pumping more and more oil.

BP_CORP Bloomberg NewsBP is acquiring various offshore assets from Devon Energy. Above, a Devon oil rig in the Caspian Sea off the coast of Azerbaijan.

The deal gives BP a foothold in the deep waters off the shores of Brazil, one of the world’s most prospective oil regions, and one that could turn into a major source of growth for the company in coming years.

Read the entire article here.

Written by Jason

March 12th, 2010 at 5:24 am

Fmr. CEO of BP, John Browne’s memoirs

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This short article is an interesting read about what looks like a very interesting, much longer read. Having worked at BP’s Energy Biosciences Institute, I’ve been intrigued by what I’ve learned about the company. His comment that corporate social responsibility “is not just political correctness, but a means to safeguard investments for the long term,” presents what I see to be an effective level, one with which I once might have found fault, but am now much more prone to pull. I’ll have to find this book.

Mar 4th 2010 | From The Economist print edition

Beyond Business. By John Browne. Weidenfeld & Nicolson; 310 pages; £20. Buy from Amazon.co.uk

DURING his 12 years as boss of BP, John Browne was the master of many complicated briefs. He launched three big takeovers, sparking a wave of consolidation that reshaped the industry; to the horror of his peers, he admitted that oil firms had a part to play in the fight against global warming; he invested in Russia’s lucrative but lawless oil business with much greater success than other Western oil firms—and he made pots of money for BP’s shareholders, year after year.

Read the entire article here.