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Argentina and Venezuela to cooperate in $2.2B 100,000 bpd extra-heavy oil joint venture in Orinoco Belt

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Argentina and Venezuela will form a joint venture targeting production of 100,000 barrels of extra-heavy oil per day in the Junin field area of the Orinoco Oil Belt. The US Geological Survey (USGS) characterizes extra-heavy oil as having an API gravity of less than 10°. billion project will also include a refinery.

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BP announces significant resource extension of Mad Dog Field in deepwater Gulf Of Mexico; total hydrocarbons estimated at up to 4B barrels of oil equivalent

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The well results confirm a significant resource extension for the Mad Dog Field complex, which includes the existing field, in production since 2005, and appraisal drilling of the Mad Dog South field in 2008 and 2009. interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6%

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Encana challenges EPA draft Pavillion groundwater report

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Encana Oil & Gas (USA) Inc., On 9 December, EPA released a draft analysis of data from its Pavillion, Wyoming ground water investigation, indicating that ground water in the aquifer contains compounds likely associated with gas production practices, including hydraulic fracturing. From 2004 to 2007 Encana drilled 44 wells.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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At the time the article was written, the emissions levels of the most intense reference scenario, known as A1FI (A1, Fossil Intensive), had already been outpaced by actual global GHG emissions by 2005, despite international emission reduction efforts such as the Kyoto Protocol.

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