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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.
Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oilsands leases in Alberta, Canada. billion in cash.
A research team led by The University of Texas at Austin has been awarded approximately $58 million to analyze methane hydrate deposits under the Gulf of Mexico. The US Department of Energy (DOE) is providing $41,270,609, with the remainder funded by industry and the research partners. Council of Canadian Academies (2008).
Growth of production of Canadian oilsands. The Canadian oilsands are now poised to become the number one source of US crude oil imports in 2010, according to new research from the IHS CERA Canadian OilSands Dialogue. The Role of Canadian OilSands in US Oil Supply”.
An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oilsands crudes in US refineries in 2025 would lead to a modest increase in refinery CO 2 emissions (ranging between 5.4% and incidental energy losses due to flaring, fugitive emissions, etc.
Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. The facility is planned to have a design capacity of 177,000 barrels of oil-equivalent per day to accommodate production from the Jack/St.
Cobalt International Energy, Inc., an independent oil exploration and production company focusing on the deepwater US Gulf of Mexico and offshore Angola and Gabon, announced a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico.
Noble Energy, Inc. announced discoveries at the Tamar Southwest (SW) exploration well offshore Israel and at the Dantzler exploration well in the Deepwater Gulf of Mexico. The well encountered high-quality reservoir sands, with per well productivity anticipated to be approximately 250 million cubic feet of natural gas per day.
Chevron Corporation announced a new oil discovery at the Moccasin prospect in the deepwater US Gulf of Mexico. 1 encountered more than 380 feet of net pay in the Lower Tertiary Wilcox Sands. Chevron is one of the largest leaseholders in the Gulf of Mexico and is currently developing the $7.5 billion Jack/St.
Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oilsands using different production processes relative to gasoline produced from reference crudes. The proposed Project is not likely to impact the amount of crude oil produced from the oilsands. Click to enlarge.
Exxon Mobil has started production at its Kearl oilsands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6 Earlier post.).
announced a major discovery on its Davy Jones ultra-deep prospect located in the Gulf of Mexico on South Marsh Island Block 230 in approximately 20 feet of water. The wireline log results indicated a total of 135 net feet of hydrocarbon bearing sands in four zones in the Wilcox section of the Eocene/Paleocene. McMoRan Exploration Co.
In mid-December 2013, BP announced its discovery in the Gila prospect, its latest in the Paleogene in the deepwater US Gulf of Mexico. Earlier in December, Cobalt International Energy announced a significant discovery at its Lontra well in the pre-salt play offshore Angola, in which BP holds a 30% interest. Click to enlarge.
has successfully performed combustion acceptability tests of crude oil recovered from the Gulf of Mexico with its heat-regenerative external combustion engine. An unmanned surface vehicle that searches for spilled oil on the open seas or along coastlines is completely feasible. Cyclone Power Technologies, Inc.
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). oil shale), and refinery gain.
Chevron Corporation announced a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico. Anchor co-owners are Cobalt International Energy, Inc. (20%), Anchor co-owners are Cobalt International Energy, Inc. (20%), 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands.
Anadarko Petroleum Corporation announced that its Shenandoah-2 well in the deepwater Gulf of Mexico encountered more than 1,000 net feet of oil pay in multiple high-quality Lower Tertiary-aged reservoirs. Other co-owners in Shenandoah are ConocoPhillips with a 30% working interest,;Cobalt International Energy L.P.
World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.
As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040.
US imports of Canadian crude oil rose to record levels during the first eight months of 2012, with Canada accounting for a growing share of total gross US imports, according to the US Energy Information Administration (EIA). Almost 99% of Canadian oil exports are sent to the US market. million barrels per day.
For dewatering the company has agreements in place with two technology providers and, through inVentures, has access to an organic sieve technology for removing water from the algae oil. In the project, NRC is collaborating with a number of industrial partners, including Ocean Nutrition Canada in Halifax; Menova Energy Inc.
The Government of Canada has established a Heavy Oil Working Group. Comprising countries such as Canada, Brazil, Colombia, Mexico, the United States and Venezuela, the Heavy Oil Working Group will collaborate on clean energy research to reduce the impact of fossil fuel development. Minister Paradis. Minister Paradis.
Canada-based TC Energy Corporation has filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.
Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.
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.
Source: NAS, adapted from Southwestern Energy Click to enlarge. In the past several years induced seismic events related to energy development projects have drawn heightened public attention. —“Induced Seismicity Potential in Energy Technologies”.
Shenyang, China; Szentgotthárd, Hungary; Toluca, Mexico; and Changwon, South Korea. The high-pressure casting method produces a more dimensionally accurate block that requires fewer machining operations than conventional sand-cast blocks. A die-cast aluminum oil pan contributes additional structural strength.
Oil and gas operations in the United States produce about 21 billion barrels of wastewater per year, with accompanying disposal costs of about $5 billion per year. The internal potential generated between the anode and the cathode drives additional salt removal, and the energy can be harvested for electricity and chemical production.
One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.
The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. OPEC and US crude oil production.
The US Department of Energy has selected 15 projects to develop technologies aimed at safely and economically storing carbon dioxide in geologic formations. New Mexico Institute of Mining and Technology (Socorro, N.M.) Funded with $21.3 DOE share: $1,599,385; Recipient share: $399,989; Duration: 36 months).
Variable-flow oil pump enhances efficiency. Piston-cooling oil jets contribute to optimal performance, efficiency and refinement. That helps ensure the oiling system maintains full pressure during extreme driving conditions. A die-cast aluminum oil pan contributes additional structural strength. turbo and Ecotec 1.5L
Here’s the basic recipe: Blend cement with larger amounts of sand and other aggregates. Currently that means burning coal, coke, fuel oil, or natural gas, often along with waste plastics and tires. Department of Energy has similarly offered Heidelberg up to $500 million to help cover the cost of attaching CCS to its Mitchell, Ind.,
However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Earlier post.). Alternative liquid fuels do not offer DoD a way to appreciably reduce fuel costs.
Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment. The Three Prongs of the “Green&# Energy Stimulus Pa. Intelligent Charging Infrastructure for New Electr. Here we go again.or
Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% The Gulf country was also the second-largest importer of Chinese cars in 2022, behind Mexico, before dropping to fifth place this year as exports to Russia and Europe picked up.
The proposed pipeline was to carry oilsands crude from Canada to the US Gulf Coast. I’m disappointed that Republicans in Congress forced this decision, but it does not change my Administration’s commitment to American-made energy that creates jobs and reduces our dependence on oil. Earlier post.). Earlier post.).
The existing Keystone Pipeline is a 3,460-kilometer (2,150-mile) pipeline that transports crude oil from the oilsands in Alberta to markets in the American Midwest at Wood River and Patoka in Illinois, and at Cushing, Oklahoma. The approximate cost is US$2.3 Cross-border Project.
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