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General Electric will build a new Global Research Center in Oklahoma dedicated to driving innovation and technological advancements in the oil and gas sector and bringing products to market faster. Unconventional resources, and shale gas in particular, may be one of the biggest productivity drivers of our lifetime.
In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). In 2021, Texas’s annual crude oil and lease condensate proved reserves increased by 12% (1.9
The Oklahoma Corporation Commission (OCC) approved a rebate program that enables Oklahomans to receive rebates for the purchase of a. vehicle powered by compressed natural gas (CNG); conversion of a vehicle to CNG; and for the purchase of a residential CNG fueling system.
million to establish new geothermal energy and heat production from abandoned oil and gas wells. This work also supports the creation of new clean energy jobs, helping transition some of the oil and gas workforce to the production of renewable energy. University of Oklahoma (Norman, OK).
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.
ExxonMobil Exploration Argentina, jointly with Gas y Petróleo del Neuquén, has discovered oil and gas in an unconventional shale well in Neuquén Province of Argentina. The well was completed in the Vaca Muerta formation and flowed at an average rate of 770 barrels of oil a day on a 12/64 inch choke in its first flow test.
TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oil sands crude on Sunday, 5 June, after a shutdown 29 May following an above-ground spill at a pump station in Kansas involving less than 10 barrels of oil. —PHMSA Corrective Action Order. Click to enlarge.
Researchers at the Goodyear Tire & Rubber Company have found in their tests that using soybean oil in tires can potentially increase tread life by 10% and reduce the tiremaker’s use of petroleum-based oil by up to seven million gallons each year.
Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage. According to S&P Global Commodity Insights’ hydrogen outlook, global hydrogen demand grows from 70.4
The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil.
Using innovative seismic-based technologies developed with funding from the US Department of Energy (DOE), a Kansas drilling company has discovered an untapped, 10-foot-thick oil zone in a developed Colorado reservoir. discovered the oil zone near Cheyenne Wells, Colo., Mull Drilling Company of Wichita, Kan.,
Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% Canadian production also increased on an annual basis (+8.1%), due to robust production of crude oil, while Mexico’s production continued to fall (-6.3%). or 105 Mt in 2018 compared to 2017.
GE Oil & Gas and energy exploration and production company Devon Energy signed a new technology collaboration agreement (TCA) to drive innovations that will enhance the performance and economics of unconventional oil and natural gas projects as the demand for energy grows worldwide.
The Department of the Interior awarded an initial $560 million from the Bipartisan Infrastructure Law to 24 states to begin work to plug, cap and reclaim orphaned oil and gas wells. 1,000-1,200. Mississippi. *. New Mexico. North Dakota. Pennsylvania. West Virginia. Wyoming. **.
Oklahoma-based oil and gas company SandRidge Energy, Inc. This JV with Repsol puts us on a clear path to bridge the 2012 funding gap with non-debt capital and to execute our three year plan to triple EBITDA and double oil production while lowering our debt to EBITDA ratio. Billion from a previous budget of $1.8
According to an analysis by the US Energy Information Administration (EIA), planned additions over the next two years to the US crude oil pipeline infrastructure should relieve the bottleneck at Cushing, Oklahoma which has been caused by the oversupply of oil resulting from the growth of crude oil production in the US mid-continent and Canada.
Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oil sands 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 oil sands. Source: FEIS, Appendix V.
million to six new projects to develop new technologies, processes, or procedures that could result in improved understanding and management of systemic risk in offshore oil and gas operations. Oklahoma State University. Uncontrolled riser gas build-up and release was a major component of the Deepwater Horizon disaster.
Findings from a study by a team at the University of Oklahoma suggest that the stability of diesel fuel—i.e., The production of ULSD requires extensive processing of crude oil to reduce the amount of sulfur to a maximum of 15 ppm S. Concentrations can range from 0.05% to 14% by weight in crude oils and natural bitumens.
The Office of Fossil Energy’s National Energy Technology Laboratory (NETL) has selected nine new projects targeting environmental tools and technology for shale gas and coalbed methane (CBM) production. Ground Water Protection Research Foundation, Oklahoma City, Okla. The total proposed value for all selected projects is $10.2
Chesapeake Energy Corporation and Sinopec International Petroleum Exploration and Production Corporation (Sinopec) executed an agreement which provides for Sinopec to purchase a 50% undivided interest in 850,000 of Chesapeake’s net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma (425,000 acres net to Sinopec).
Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. In order to facilitate the oil sands joint venture, Devon will acquire 50% of BP’s interest in the Kirby oil sands leases. The Whiting upgrade is planned to come on-stream in 2012.
A study by researchers from the University of Oklahoma and the US Naval Research Laboratory has found that biodiesel is easily susceptible to biological degradation by anaerobic bacteria. (b, c, and d) Coupons in biodiesel, at the biodiesel/seawater interface, and in seawater, respectively. Credit: ACS, Aktas et al. Click to enlarge.
The proposed pipeline was to carry oil sands 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.).
and the City of Cushing, Oklahoma announced that Southern Rock Energy Partners, LLC (SREP) has selected Cushing as the site for its 250,000 BPD next-generation, full conversion crude refinery. The refinery complex will reduce and eliminate 95% of greenhouse gas emissions while producing approximately 91.25
In the United States, the transportation sector accounts for two-thirds of total US oil consumption and about one-third of total anthropogenic greenhouse gas emissions. Ceramatec will utilize an efficient electrochemical deoxygenation process to develop cost-effective technology to separate oxygen from bio-oil.
Department of Energy (DOE) selected 16 projects to receive nearly $25 million in federal funding for cost-shared projects to advance natural gas infrastructure technology development. AOI 2: Process-Intensified Technologies for the Upcycling of Flare Gas into Transportable, Value-Added Products.
Its high carbon-capture rate reduces the total amount of CO 2 emitted to the atmosphere to less than 10% of the emissions for power from a conventional coal plant, and less than 25% of those for power from a highly efficient, natural gas-fired plant, according to Summit. —Donald Hodel, Chairman of Summit Power. Earlier post.).
Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.
Stardust Power , a lithium refiner supplying the EV sector, is going to build the US’s largest battery-grade lithium refinery in Oklahoma. The refinery will be in Southside Industrial Park in Muskogee, Oklahoma, southeast of Tulsa, and is expected to be capable of producing up to 50,000 metric tonnes of battery-grade lithium annually.
Researchers at Oklahoma State University are developing a novel natural Gas and Biomass to Liquids (GBTL) technology that will synergistically use biomass (e.g. Bio-oil produced from biomass fast pyrolysis technology can be converted into hydrocarbons; however, this process is challenging due to the instability of bio-oil.
Renewable diesel is a 100% hydrocarbon renewable fuel produced by hydrotreating fats and oils; it can be used in existing diesel engines without modification. REG utilizes Bio-Synfining technology developed and patented by its Synthetic Fuels Division in Tulsa, Oklahoma.
The Permian Basin assets being sold produced approximately 21,000 barrels of liquids and 90 million cubic feet of natural gas per day during the 2012 second quarter, or approximately 5.7% of Chesapeake’s production during the quarter. The midstream transactions are expected to close on various dates in the 2012 third and fourth quarters.
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.
AEO2013 offers a number of other key findings, including: Crude oil production , especially from tight oil plays, rises sharply over the next decade. Domestic oil production will rise to 7.5 Growth in diesel fuel consumption will be moderated by the increased use of natural gas in heavy-duty vehicles. Overall findings.
CVR Energy will base a revamp of its Wynnewood, Oklahoma, refinery on Haldor Topsoe’s HydroFlex technology to produce approximately 100 million gallons of renewable diesel and more than 6 million gallons of renewable naphtha per year. Topsoe will deliver basic engineering, license, proprietary equipment and catalyst for HydroFlex.
Javelina controls approximately sixty million cubic feet per day (MMcf/d) of hydrogen production through a combination of hydrogen entrained in the refineries’ waste gas that the facility processes, and hydrogen produced through a steam methane reformer process. Howard closed on the purchase of Javelina in February of this year.
Renewable diesel has some of the highest greenhouse gas (GHG) reduction scores among existing fuel pathways in programs such as the federal Renewable Fuel Standard (RFS), the California Low-Carbon Fuel Standard (LCFS), the Oregon Clean Fuels Program, and the Washington State Clean Fuels Program.
Energy-Water cohort teams will develop new, energy-efficient processing technologies for industrial (particularly oil and gas) and municipal wastewater. University of Oklahoma, An Innovative Zero-Liquid Discharge Intermediate-Cold-Liquid Eutectic-Freeze Desalination System – $608,333.
American Electric Power has signed on as a corporate sponsor of The Pickens Plan, proposed by oil and gas industry veteran T. We can’t significantly develop renewable energy resources, reduce greenhouse gas emissions and introduce competition for liquid transportation fuels without a well-designed, reliable national transmission grid.
billion lithium refinery in Oklahoma, which will be one of the largest in the US. January 17, 2024: Stardust Power first announced it would build the USs largest battery-grade lithium refinery in Oklahoma in January 2024. The refinery will be in Southside Industrial Park in Muskogee, Oklahoma, southeast of Tulsa. The post A $1.2B
million 13 projects aimed at reducing risks while enhancing the environmental performance of drilling for natural gas and oil in ultra-deepwater settings. The Board of Regents of the University of Oklahoma — Intelligent Casing-Intelligent Formation Telemetry System. Brief descriptions of the selected projects follow: ?.
What it means for the oil and gas industry. How much oil and gas companies can save with new desalination systems. Parts of Oklahoma are hard hit by drought. It’s more valuable than oil because at the end of the day, there is no oil without water. James Stafford: What about the oil and gas industry?
An additional 4 billion gallons of advanced biofuels (defined by the reduction of greenhouse gas emissions by at least 50%) by 2022 is also mandated. Soybean oil, Energy cane, Biomass Sorghum, Perennial grasses, Woody biomass. Woody biomass, oil seed, grasses, cereal crop residue. Regional contributions. Southeast and Hawaii.
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