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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. billion cash. The price represents a premium of.
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. Methane hydrate—natural gas trapped in an ice-like cage of water molecules—occurs in both terrestrial and marine environments.
BP announced today the drilling of a successful appraisal well in a previously untested northern segment of the Mad Dog field in the deepwater US Gulf of Mexico. The well encountered about 166 net feet (50 meters) of hydrocarbons in the objective Miocene hydrocarbon-bearing sands and discovered an oil column of more than 300 feet (91 meters).
Chevron Corporation has sanctioned development of its $4-billion Big Foot project in the deepwater US Gulf of Mexico. Big Foot will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and located approximately 225 miles (360 km) south of New Orleans, Louisiana, in water depths of 5,200 feet (1,600 m).
In mid-December 2013, BP announced its discovery in the Gila prospect, its latest in the Paleogene in the deepwater US Gulf of Mexico. BP also confirmed the recently-announced Pitu oil discovery in the frontier deepwater of the Potiguar basin off Brazil’s equatorial margin, announced by Petrobras. Click to enlarge. —Joseph H.
Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. GlobalData predicts Asia-Pacific to follow very closely with a capex of $253.1
announced discoveries at the Tamar Southwest (SW) exploration well offshore Israel and at the Dantzler exploration well in the Deepwater Gulf of Mexico. Noble’s discovered resources in the Eastern Mediterranean now totals nearly 40 trillion cubic feet of natural gas. Noble Energy, Inc. with 20 percent. with 20 percent.
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.
Hardy Oil and Gas plc, an oil and gas exploration and production company with assets predominantly in India, has temporarily suspended drilling on the KGV-D3-W1 exploration well due to unresolved mechanical issues associated with the blow out preventer (BOP) of the Transocean Deepwater Expedition drilling rig. “In
C2A has been licensed to use an ultra-efficient gas infusion technology for the transfer of CO 2 into liquids for algae feedstock and to remove oxygen that can become toxic to algae. In parallel, scientists are also working to develop technology to effectively extract the oil. Carbon2Algae (C2A).
These forces could snap offshore oil pipelines in the Gulf of Mexico and other hurricane-prone areas, the study suggests. The Gulf of Mexico (GOM) region provides nearly 30% of the United States oil supply and 20% of its natural gas. A hurricane might also create its own spills, the new research indicates.
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. Fracking refers to the process of injecting a slurry of water, sand and chemicals into wells to increase the amount of oil and natural gas produced by the well.
This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. The OECD represents the developed economies.
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.
Schematic diagram of a shale gas well following hydraulic fracture treatment, with the relative depths of local water wells shown for scale. Hydraulic fracturing (“fracking”) extracts natural gas by injecting a mixture of water, sand, and chemicals in short bursts at high pressure into deep underground wells.
Geologic storage is currently focused on five types of formations:(1) depleted oil and gas reservoirs, (2) deep saline formations, (3) unmineable coal seams, (4) oil- and gas-rich organic shales, and (5) basalts. Researchers will investigate the feasibility of geologic CO 2 sequestration in depleted shale gas reservoirs.
Shenyang, China; Szentgotthárd, Hungary; Toluca, Mexico; and Changwon, South Korea. The new Ecotec engines are calibrated to run on regular unleaded gas—even the high-output turbo variants. A die-cast aluminum oil pan contributes additional structural strength. Efficiency-enhancing oiling system.
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.
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% to 9.3%) from a 2010 baseline, depending upon the supply scenario.
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. BP group chief executive Tony Hayward.
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.
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.
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.).
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”.
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.
Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oilsands, either diluted or upgraded). oil shale), and refinery gain. OPEC oil producers are the largest source of additional liquid fuel supply between 2010 and 2040.
and China-based CNOOC Limited have finalized a joint venture that will give CNOOC a working interest in up to six deepwater exploration wells in the Gulf of Mexico. CNOOC is 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.
The cylinder head has integral cast oil passages that feed a set of internal oil control valves that activate cam phasers, enabling variable valve timing. Because it manages valve overlap at optimum levels, it eliminates the need for a separate exhaust gas recirculation (EGR) system. Piston head and oil cooling jet.
As the world’s most widely manufactured material, concrete—and especially the cement within it—is also a major contributor to climate change, accounting for around 6 percent of global greenhouse gas emissions. Here’s the basic recipe: Blend cement with larger amounts of sand and other aggregates.
Find investors, resumes, and free research Get Cleantech Blog in your email Enter your email address: Subscribe in a reader Join us on Linked In Follow us on Twitter Join us on Facebook GHGBlog.com - The Greenhouse Gas Blog Loading. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Email Neal.
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.
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.). Unless addressed, pipeline security issues will impede investment in Turkey, Bartis suggested.
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. —President Obama. Earlier post.).
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