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Investment in Oil and Gas Technology
“Rigzone” cites a study by Lux Research which found that from 2003 to 2013, investment in oil and gas technology has focused on unconventional, deepwater, tight and heavy oil resources. During this period, $7 billion has been invested in new technologies, primarily involving drilling and completions in unconventional plays. However, the focus seems to be… Read More
The Future of Thermal EOR
“Rigzone” recently published a three part series of articles on Enhanced Oil Recovery (EOR) the first two segments dealt with CO2 and Chemical EOR. This third and final installment, written by Matthew Jones with the research firm Visiongain, deals with Thermal EOR. Thermal EOR involves the introduction of heat (typically steam) into a reservoir to… Read More
Chemical EOR’s Future
“Rigzone” has published a three part series on Enhanced Oil Recovery (EOR). The first segment dealt with CO2 EOR, and was summarized in a previous blog. What follows is a synopsis of their Chemical EOR article which was written by Matthew Jones and Laura McIntyre with the research firm Visiongain. The third installment deals with… Read More
CO2 Based Enhance Oil Recovery
In spite of the recent drop in oil prices, operators are still extracting as many barrels as economically feasible from known reserves. “Rigzone” has recently run a three part series on Enhanced Oil Recovery (EOR). The following is a synopsis of the first segment on CO2 injection. After primary (e.g. pumping) and secondary (e.g. waterflood)… Read More
Greyrock to Build GTL Facility
“Rigzone” reports that Greystone Energy, backed by a consortium of investors led by Sterling Private Capital and Eagle Oil and Gas, will build a small gas-to-liquids (GTL) plant near Houston. The facility will be operational by the end of 2015 and will be capable of converting natural gas, or natural gas liquids (NGL) into diesel… Read More
