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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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Using thermal recovery processes in heavy oil reservoirs depends largely on. Oil price volatility has in the past been a significant deterrent to heavy oil project investment by industry, particularly by smaller independent producers, the DOE notes.

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Opinion: Busting The “Canadian Bakken” Myth

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In truth, energy industry followers would do better to read a more subdued story in Bloomberg News , titled “Drop in oil prices means no drilling in Canada’s biggest shale reserves.” Indeed that is the question on the minds of oil investors as they digest the latest numbers of potential barrels of oil under the Arctic tundra.

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