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BP awards Colorado State University $5M to research technology for oil recovery from watered-out wells

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Colorado State University has obtained a 5-year, $5-million grant from BP to study mechanisms involved with technology for oil recovery from “watered-out” wells. Typically, wells are abandoned after they are no longer producing oil or gas at a rate that is economically viable. 2000) Water Control. Bill Bailey et al.

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USGS new estimates of global undiscovered, technically recoverable conventional oil and natural gas, excluding US

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USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world. Many new areas were included in the current study, defining and assessing 313 assessment units throughout the world, as compared to 246 in 2000. Geological Survey (USGS) released today.

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Annual methanol consumption in China, 2000-16. EIA research indicated that part of the reason for the underestimation of transportation sector consumption of liquid fuels stemmed from the use of methanol and its derivatives that were increasingly added into China’s gasoline and liquefied petroleum gas (LPG) streams. Click to enlarge.

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IHS Markit: GM announcement latest sign that peak gasoline demand from light vehicles has already come and gone

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IHS Markit places the global peak for oil demand (gasoline and diesel) from LVs in 2019 when the demand averaged 29.1 When it comes to oil demand from light vehicles, it’s the latest sign that the 2019 peak is permanent. —Jim Burkhard, vice president, oil markets and mobility and energy future, IHS Markit.

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Joint Canada/Alberta Implementation Plan for Oil Sands Monitoring begins summer air monitoring project

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A comprehensive environmental field study to gather information on air contaminants in the Wood Buffalo region in northeast Alberta, Canada (home to major oil sands projects) will occur from 12 August to mid-September 2013. Evaluate high-resolution air quality models for use in the oil sands region. Earlier post.).

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%

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SDTC awards C$1.5M to support Molten Salt Catalyzed Gasification for hydrogen production; targeting reduced GHG footprint for oil sands synthetic crude

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Hydrogen is necessary in the upgrading of oil sands bitumen into synthetic crude, but it is a costly and carbon-intensive part of the process, given current hydrogen production technologies. The process is conducted at 1500 – 2000 psi (10.3 - 13.8 A consortium led by Canada-based Western Hydrogen Ltd. will receive a $C1.5-million