Green Car Congress
APRIL 6, 2017
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Russia’s Oil Production 1970-2020 and Russia’s Deep-Hole Oil & Gas Exploration Drilling. In 2016, only 3.7
Green Car Congress
NOVEMBER 6, 2015
One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.
Green Car Congress
NOVEMBER 18, 2015
Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.
Green Car Congress
SEPTEMBER 4, 2011
Engineers from the University of Houston and the University of Texas report that waterflooding with a surfactant—thereby altering the wettability of oil reservoir rocks—can increase oil recovery from 62 to 85%. Carbonate rocks tend to be “oil-wet”—i.e., Oil-wet rocks preferentially imbibe oil.
Green Car Congress
JULY 17, 2011
A study by a team from the State Key Laboratory of Heavy Oil Processing, China University of Petroleum found that fluid thermal processing of. il sands is a feasible process for the production of an upgraded bitumen-derived liquid from Inner Mongolian oil sand. Oil sands exploration in Xing’an region.
Green Car Congress
OCTOBER 20, 2015
November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. per barrel oil in 2015 and 2016 respectively, while the October projections are based $51.62 A chart is available on Bloomberg. by Dalan McEndree for Oilprice.com. and $65.65 respectively.
Green Car Congress
MAY 16, 2011
They incorporated the material and energy balance for the study into an Excel spreadsheet , which they are making available in the hope of providing greater transparency, as well as ease of scenario manipulation than has generally been found in the literature. These parameters, of course, can be modified as better input data become available.
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