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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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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

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The field was discovered in 2007 under 7,087 feet (2,160 meters) of water and is now estimated to have nearly six billion barrels of resource in place, according to Exxon Mobil. Malo production facility operated by Chevron USA Inc.

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Greenland grants exploration and exploitation licences in the Arctic Greenland Sea to three consortia

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Chevron, GreenPex, Shell and NUNAOIL are awarded an exclusive licence to exploration and exploitation of hydrocarbons in the Greenland Sea area, licence bloc 9 (“Umimmak”). 2007, Assessment of undiscovered oil and gas resources of the East Greenland Rift Basins Province: US Geological Survey Fact Sheet 2007-3077 , 4 p.

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Shell sets world record for deepest subsea oil and gas well in Perdido Development: 9,627 feet in Gulf of Mexico

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miles) below the water’s surface, is located in the Tobago Field 200 miles southwest of Houston in the ultra-deep water of the Gulf of Mexico. Moored in about 8,000 feet of water, the Perdido regional DVA (direct vertical access) spar is the deepest spar production facility in the world. The well, at 9,627 feet (2,934 meters, 1.82

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Statoil greenlights $7B Mariner heavy-oil project in UK North Sea

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The field was discovered in 1981 and Statoil entered the license as operator in 2007 with the aim of finally unlocking the resources. Because of the low well flow rates and early water break-through there is a need for many wells and a process designed to handle large liquid rates and oil-water emulsions. billion (US$1.9

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BP announces significant resource extension of Mad Dog Field in deepwater Gulf Of Mexico; total hydrocarbons estimated at up to 4B barrels of oil equivalent

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in about 4,500 feet (1,371 meters) of water. interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6% Chevron Corporation announced the Moccasin discovery in the Lower Tertiary play on Keathley Canyon block 736. The prospect is operated by Chevron USA Inc., BP maintains a 60.5%

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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 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.

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