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Eni Makes Giant Gas Discovery in Offshore Venezuela

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Italian oil major Eni made a world class gas discovery at its Perla field, in the shallow water of the Venezuelan offshore, successfully drilling an explorative well in the Perla field, located in the Cardon IV block, in the Gulf of Venezuela. The Venezuelan state company PetrĂ³leos de Venezuela S.A.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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In October, after ExxonMobil announced its fifth oil discovery after drilling the Turbot well, analysts at energy analytics company Wood Mackenzie observed that Guyana, which is currently a non-oil producing country, might soon become an oil and gas powerhouse in South America. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd.

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Increase in US rig count will not cap oil prices

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The following chart shows the figures for the past 19 months since it peaked in October of 2014 at 1,609 and hit the lowest level in years at only 316 in late May, merely 20% of the high water number. He has been writing about the upstream oil and gas industry and energy policy and issues since 1979.

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Researchers develop large-scale, economical method to extract hydrogen from oil sands and oil fields

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The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. This heat causes the nearby hydrocarbons—and any surrounding water molecules—to break apart (thermolysis).Thermolysis, Proton Technologies is commercializing the process.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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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. in 1988 to just above 2.3 Source: Chevron.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

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