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BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

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Earlier in December, Cobalt International Energy announced a significant discovery at its Lontra well in the pre-salt play offshore Angola, in which BP holds a 30% interest. In mid-December 2013, BP announced its discovery in the Gila prospect, its latest in the Paleogene in the deepwater US Gulf of Mexico. —Joseph H.

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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PFT technology processes bitumen on-site to remove water and solids and improve bitumen quality. The PFT process removes a portion of the heavy end of the barrel (asphaltenes) using less energy than would be required to remove the same heavy ends in a coker at an on-site upgrader, thus reducing greenhouse gas emissions.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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The Ichthys project consists of the development of the Ichthys gas and condensate field offshore North West Australia lying in 260 meters (853 feet) of water depth and the construction of an 889-kilometer (552-mile) gas transmission pipeline together with an onshore LNG plant near Darwin in the Northern Territory.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Live by Energy…. Energy is the foundation of Russia, its economy, its government, and its political system. Control over the transportation assets in this region together with vast gas reserves make Russia the key element of this new market.”. Death by Energy.

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