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BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oilprice environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oilprices. Earlier post.).
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 Such an increase in capacity could prompt a plunge or even a collapse in oilprices, he suggests.
The Proposed Final Program offers 11 potential lease sales in four planning areas—10 sales in the portions of three Gulf of Mexico Program Areas that are not under moratorium and one sale off the coast of Alaska in the Cook Inlet Program Area. The vast majority of US offshore oil production occurs in the Gulf of Mexico.
The IHS Markit report, entitled: “Back to the Basins: International Shorter-Cycle Opportunities,” initially assessed five, short-cycle projects outside the US in mature, late-life basins in Mexico, Nigeria, Egypt, Brazil and the North Sea, and included both shallow water and mature, onshore areas that break even at per-barrel costs under US$40.
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. Using thermal recovery processes in heavy oil reservoirs depends largely on.
The fallout of the collapse in oilprices has a lot of side effects apart from the decline of rig counts and oil flows. Williston is coping with $300 million in debt after having leveraged itself to buildup infrastructure to deal with the swelling of people and equipment heading for the oil patch.
billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. billion, the largest single renewable energy asset finance deal ever, outside large hydro—that of the 600MW Gemini project in Dutch waters. Additional to China, Brazil ($7.6
A Perfect Storm for Water Counting Calories and Counting Carbon: The Role of. Cleantech Crunched Top 10 Low Carbon Footprint Cars (and one SUV) for. Ontological Shock An Open Letter to Fred Krupp Report from GridEcon Conference SGS Climate Change Head on the First Carbon Credit. The T-Word Barking up the Wrong Tree: Forests vs the CDM in t.
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