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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’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

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Are biofuels the answer for green cars? The Green Piece

Green Cars News

Known as the ‘food versus fuel’ debate, some experts believe that placing energy markets in competition with food markets for arable land will result in higher food prices. They offer the prospect of increased market competition and oil price moderation and can help reduce the dependency on fossil fuels.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries. billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. Oil and renewables do not directly compete for power investment dollars.

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