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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At present, the main issue being reported on is that there has been corrosion of the water injection system, which is used to keep pressure in the reservoir.

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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

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Petrobras Announces New Discovery in the Deepwater Caratinga Field; Production Up 3.2% in April

Green Car Congress

Petrobras announced the discovery of two new light oil accumulations (29° API) in reservoirs in the post- and pre-salt layer in deep Campos Basin waters. The recoverable volumes are estimated at about 105 million barrels of oil equivalent there. The exclusive oil production in domestic fields was 2,032,620 barrels per day, 2.9%

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This Lockheed Martin Researcher’s Work on UAVs Saves Lives

Cars That Think

He also contributed to algorithms enabling autonomous undersea vehicles to inspect offshore oil and gas platforms after hurricanes so that divers don’t have to. Indago flies above structures engulfed in flames and maps out the hot zones, on which K-Max then drops flame retardant or water. They didn’t remain mysterious for long.

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