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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. Source: Chevron. Here, Chevron has reduced its steam:oil ratio (i.e.,

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Oil Majors’ Costs Have Risen 66% Since 2011

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The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. per barrel, rising to $36.50.

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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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Ceres is a national network of investors, environmental organizations and other public interest groups working with companies and investors to address sustainability challenges such as global climate change. More than 25 companies are involved in oil shale development. Earlier post.). Earlier post.).

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Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

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The study profiled 25 companies that aim to commercialize these technologies in the next five (i.e., Will be competitive at an oil price of $45 to $90 at their commercial date. Marine scrubbing is technically feasible—several companies have successfully tested the technology on demonstration projects.