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DOE awards $8.4M for accessing geothermal potential from abandoned oil and gas wells

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million to establish new geothermal energy and heat production from abandoned oil and gas wells. This work also supports the creation of new clean energy jobs, helping transition some of the oil and gas workforce to the production of renewable energy. University of Oklahoma (Norman, OK).

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Department of Interior awards initial $560M to 24 states to plug, cap and reclaim orphaned oil and gas wells

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The Department of the Interior awarded an initial $560 million from the Bipartisan Infrastructure Law to 24 states to begin work to plug, cap and reclaim orphaned oil and gas wells. The $560 million is part of an overall $1.15 States will receive additional formula funding dollars in the coming months. 1,000-1,200. New Mexico.

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National Academies’ Gulf Research Program awards $10.8M to address systemic risk in offshore oil and gas operations

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million to six new projects to develop new technologies, processes, or procedures that could result in improved understanding and management of systemic risk in offshore oil and gas operations. Oklahoma State University. Uncontrolled riser gas build-up and release was a major component of the Deepwater Horizon disaster.

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Commentary: Could falling oil prices spark a financial crisis?

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The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.

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Goodyear determines soybean oil can reduce use of petroleum in tires

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Researchers at the Goodyear Tire & Rubber Company have found in their tests that using soybean oil in tires can potentially increase tread life by 10% and reduce the tiremaker’s use of petroleum-based oil by up to seven million gallons each year.

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Transcanada restarts Keystone oil sands pipeline operations

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TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oil sands crude on Sunday, 5 June, after a shutdown 29 May following an above-ground spill at a pump station in Kansas involving less than 10 barrels of oil. —PHMSA Corrective Action Order. Click to enlarge.

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OSU team developing Gas and Biomass to Liquids (GBTL) technology for production of liquid hydrocarbons

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Researchers at Oklahoma State University are developing a novel natural Gas and Biomass to Liquids (GBTL) technology that will synergistically use biomass (e.g. Bio-oil produced from biomass fast pyrolysis technology can be converted into hydrocarbons; however, this process is challenging due to the instability of bio-oil.

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