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With oil prices low, early signs of a pullback in drilling activity

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With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream.

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Univ. of Regina researchers propose new enhanced heavy oil recovery process for Western Canada

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Researchers at the University of Regina, Saskatchewan are proposing a new enhanced heavy oil recovery (EHOR) process: Cyclic Production with Continuous Solvent Injection (CPCSI). A paper on their work is published in the journal Fuel ; the team had earlier presented their work at 2013 SPE Heavy Oil Conference in Calgary in June.

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Douglas-Westwood: oil & gas industry need to push High-Pressure - High Temperature envelope

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Guijun Deng, James Doane, Antonio Ruffo, Goang-Ding Shyu, Scott Collins (2013) “ Design Verification, Optimization and Validation of Ultra-HPHT Completion and Production Tools ” SPE 166231. HPHT issues are not new; Schlumberger’s quarterly publication Oilfield Review examined HPHT issues in 1998 and again in 2008.

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California ARB considering amendments to Low Carbon Fuel Standard; handling high carbon-intensity crude oil (HCICO)

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The California Air Resources Board (ARB) will consider at its December 2011 meeting amendments to the Low Carbon Fuel Standard (LCFS) regulation. High Carbon-Intensity Crude Oil (HCICO). There are many production techniques for crude oil recovery, some of which require more energy or emit more GHGs to produce and pre-process the oil.

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Cal Energy Commission grants Hydrogen Energy California suspension, denies request to terminate power plant project

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About 90% of the carbon dioxide emissions would be captured, and, through an agreement with Occidental of Elk Hills, be transported by pipeline to a nearby oil field where it would be injected into older wells to facilitate enhanced oil recovery.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas.

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Accenture: Australia LNG industry could become world’s largest

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Most of the traditional gas resources (about 92%) are located in the North West Shelf (NWS) offshore in the Carnarvon, Browse, and Bonaparte basins. The EIA reports that Australia was the third-largest liquefied natural gas (LNG) exporter in 2013. The new report titled “Ready or Not?

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