Green Car Congress
FEBRUARY 19, 2015
It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. Despite record levels of spending, the largest oil companies are struggling to replace their depleted reserves.
Green Car Congress
JUNE 23, 2011
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.,
Green Car Congress
APRIL 1, 2015
The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. These are important milestones for the nation’s oil and gas industry and YPF expects both figures to increase in 2015. Oil prices are set at $77.50
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 10, 2009
Will be competitive at an oil price of $45 to $90 at their commercial date. These include: Next-generation internal combustion engine. Accenture divided the technologies into three groups: Evolutionary. Technologies that stretch today’s assets and resources. Significant gains are achievable, which are often overlooked.
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