Remove 2002 Remove Oil Remove Water
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BP Announces Giant Oil Discovery in the Deepwater Gulf of Mexico

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BP announced a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico (GOM). The well, located in Keathley Canyon block 102, approximately 250 miles (400 kilometers) south east of Houston, is in 4,132 feet (1,259 metres) of water. The well found oil in multiple Lower Tertiary reservoirs.

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USGS boosts assessment of recoverable natural gas in Marcellus Shale by 42x from 2002; now 84 trillion cubic feet

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Technically recoverable oil and gas resources are those quantities of oil and gas producible using currently available technology and industry practices, regardless of economic or accessibility considerations. billion barrels of natural gas liquids. the fracking boom) have been significant in the last decade, USGS says. Coleman, J.L.,

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Nexans Secures Major Frame Agreement with BP Worth Up to $300M for Deep Water Umbilical Projects in the Gulf of Mexico

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for deep water umbilical projects in the Gulf of Mexico that could be worth as much as $300 million in total. and Nexans for the Gulf of Mexico, which ran from 2002 to 2008. Nexans, a leader in the cable industry, has secured a frame agreement with BP Exploration & Production Inc.

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BP announces significant resource extension of Mad Dog Field in deepwater Gulf Of Mexico; total hydrocarbons estimated at up to 4B barrels of oil equivalent

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Pending confirmation through future appraisal drilling, the total hydrocarbons initially in place in the Mad Dog field complex are now estimated to be up to four billion barrels of oil equivalent. in about 4,500 feet (1,371 meters) of water. —Bob Dudley, BP group chief executive. BHP Billiton has a 23.9%

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

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In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.

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Oil Well Strippers Suffering From Low Oil Prices

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With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Source: KPMG. Click to enlarge. billion by 2032.