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. Source: Chevron. Source: Chevron.
Green Car Congress
DECEMBER 4, 2016
BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Oil production is expected to begin in late 2021. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.
Green Car Congress
DECEMBER 19, 2010
Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.
Green Car Congress
NOVEMBER 10, 2009
Will be competitive at an oil price of $45 to $90 at their commercial date. This is coupled with the innovation seen in first-generation players to drive down costs, energy and water use, and GHG emissions. Accenture divided the technologies into three groups: Evolutionary. Technologies that stretch today’s assets and resources.
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