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Researchers develop large-scale, economical method to extract hydrogen from oil sands and oil fields

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The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. Proton Technologies is commercializing the process. Thermolysis, gas reforming and water-gas shift have been used in commercial industrial processes to generate hydrogen for more than 100 years.

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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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While production costs and refining costs for heavy oil exceed that for light oil, applying information technology solutions for decision-making has provided a significant increase in the margins and profits of operations, according to Chevron engineers in a paper presented on their system earlier this year. in 1988 to just above 2.3

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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Venezuela, an OPEC member, has even proposed an emergency summit meeting. Both the Saudi and Russian governments depend on energy revenues to fund their budgets—oil funds ~90 percent of the Saudi budget and oil and natural gas ~52 percent of the Russian budget. IMF WEO Data: Budget Deficits as far as the Eyes can See.

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How to Prevent Blackouts by Packetizing the Power Grid

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Spiking demand for electric heat collided with supply problems created by frozen natural-gas equipment and below-average wind-power production. Similar mismatches in supply and demand contributed to massive cascading blackouts in August 2003 in the northeastern United States and Canada, in July 2012 in India , and in March 2019 in Venezuela.

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Increase in US rig count will not cap oil prices

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The geological and commercial differences between the two couldn’t be more glaring. Reports say the US exited 2015 with 4,290 DUC wells waiting for completion which, in most cases, costs more than drilling. He has been writing about the upstream oil and gas industry and energy policy and issues since 1979.