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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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For Chevron, this means (a) managing down the cost of steam generation for injection into the field and (b) using information technology to be able to “dial in” the steam at the optimum pressure and temperature to specific locations in the strata of the field—and then recovering that newly flowing oil.

Chevron 244
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Saudi Arabia and Kuwait might, and should be encouraged to do so. This scenario assumes a full global consensus for action on climate change. A wave of green globalization allows all countries to share in the benefits of decarbonization. Nigeria or Algeria cannot do the same for their oil industry. —Goldthau et al.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. This increase in output occurs with the context of a narrow global demand opportunity.