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Russia’s Rosneft to invest $16B to develop Carabobo 2 extra-heavy crude in Venezuela; first oil from Junin

Green Car Congress

Russian oil and gas major Rosneft, 75% owned by the government, will invest $16 billion in a planned joint venture project with Venezuela’s state oil and gas company PDVSA to develop the Carabobo 2 block in the southern Orinoco extra-heavy crude belt in Venezuela, according to Rosneft CEO Igor Sechin. The Orinoco oil belt in Venezuela.

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

Green Car Congress

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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Rosneft and PDVSA sign tentative MoU for JV to develop heavy crude reserves in Venezuela’s Orinoco belt

Green Car Congress

Rosneft, the leader of Russia’s petroleum industry and majority owned (75.6%) by the state, and PDVSA, Venezuela’s state-owned oil and gas company, have signed a tentative memorandum of understanding (MoU) to set up a joint venture to develop heavy crude oil reserves in Venezuela as part of the Carabobo-2 project.

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U Calgary study finds oil shale most energy intensive upgraded fuel followed by in-situ-produced bitumen from oil sands

Green Car Congress

Unconventional oil production received a boost recently especially in North and South America with the significant increases in production from oil sands in Canada, tight oil and oil shale in the US, and growth projections of extra heavy oil in Venezuela. … They found that if the energy content of bitumen is taken to be 42.8 Experience I.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

Chevron is taking its technology learnings from Kern River and apply them to Duri and other major heavy oil fields globally, such as Wafra in the onshore Partitioned Neutral Zone (PNZ) between Kuwait and Saudi Arabia and in the Orinoco in Venezuela. Using thermal recovery processes in heavy oil reservoirs depends largely on.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Venezuela, an OPEC member, has even proposed an emergency summit meeting. The Association of European Businesses in Russia recently announced that sales of new cars and light commercial vehicles contracted 29 percent in August year-over-year and forecast a 37 percent decline for all of 2015. China: The Sword of Damocles.

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How to Prevent Blackouts by Packetizing the Power Grid

Cars That Think

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. These can be grouped into two broad categories: commercial and industrial loads, and residential loads. Here’s how.