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$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.

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NDPC study finds Bakken crude similar to other light sweet crudes, no greater rail transport risk

Green Car Congress

Bakken crude is similar to other North American light, sweet crudes and does not pose a greater risk to transport by rail than other transportation fuels, according to a study recently completed by Turner, Mason & Company for the North Dakota Petroleum Council (NDPC). The data indicated no significant changes in transit.

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DOE-Sponsored Field Test Demonstrates Viability of Simultaneous CO2 Storage and Enhanced Oil Recovery in Carbonate Reservoirs

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A field test conducted by a US Department of Energy (DOE) team of regional partners has demonstrated that using carbon dioxide (CO 2 ) in an enhanced oil recovery (EOR) method dubbed “huff-and-puff” can help assess the carbon sequestration potential of geologic formations while tapping US oil resources.

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Occidental Petroleum Projects California Shale Development May Become Its Largest Business Unit Within 10 Years

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Occidental Petroleum, the fourth-largest US oil and gas company, based on equity market capitalization, says that within the next 10 years, its California shale development program—which currently delivers more than 25% of its California production—could become the company’s largest business unit. oil shale”.

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Norways Statoil to acquire Brigham Exploration for US$4.4B cash; entry into the US Bakken and Three Forks tight oil plays

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The Bakken is a prime US unconventional oil play, and is believed to be one of the largest, if not the largest, oil accumulation in the US. The tight oil is extracted in the same way as shale gas, through horizontal wells and hydraulic fracturing. In the Bakken formation, the oil is extracted from tight carbonate.

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Sandia releases literature survey of crude oil properties relevant to handling and fire safety in transport

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Much of the US’ new abundant domestic oil and gas supply is being produced from unconventional resources—particularly light sweet crude oil from the Bakken shale in North Dakota, as well as the Eagle Ford and Permian Basins in Texas. This rapid growth has also created challenges in moving crude oil to market.

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Opinion: Busting The “Canadian Bakken” Myth

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The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. billion barrels. enthused the Financial Post.

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