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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.

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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. The US and China take the lead in scaling up the technology, given their large markets, tech-friendly regulatory environments and industry giants, such as Google and the State Grid Corporation of China. Nigeria or Algeria cannot do the same for their oil industry.

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