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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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Reducing steam generation requirements and optimizing the generation process reduces the GHG overhead associated with the production of heavier oil. Indonesia’s Duri heavy oil field has also achieved an ultimate recovery factor of 70% after employing steamflood technology. Current product flow at Kern River field.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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The increase reflected several influences, according to the report, including a boom in solar installations in China and Japan—totalling $74.9 billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. Investment in solar jumped 29% to $149.6

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