The development and upgrade of mature facilities is ultimately driven by the significant shift in the composition of the arrival fluids, mainly the increasing water cut and solids production. In many cases, the routing of new well discoveries to these facilities, or the change in characteristics of the crude with the decline in field production, exacerbates this shift.Read More
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There’s enough crude oil in storage to supply refineries for nearly a month straight, the highest level in three decades, according to new government data. The nation’s commercial crude oil inventories have been ballooning since refineries have been shut down for seasonal planned maintenance. The lower refinery runs combined with a record-breaking 458.5 million barrels of crude in storage means that the U.S. has enough oil to feed 29 days of refinery demand, according to the U.S. Energy Information Administration’s projections about refinery runs in March.Read More
Intended as a one stop shop to identify information relevant to arctic oil spill response, the tool is the first time the substantial volume of existing research on the environmental effects of oil and oil spill response techniques in the Arctic has been compiled and reviewed in one place. While the industry remains focused first and foremost on preventing any oil spill from ever occurring in the Arctic, it is also committed to be prepared for a spill, however unlikely.Read More
A Cold War technology invented to stealthily guide the United States Navy’s nuclear submarine fleet is now serving a much more peaceful purpose aiding in the search for oil and gas deposits. Far removed from the ocean depths, gravity gradiometry has evolved to become an increasingly sophisticated aerial technology that has been used to rapidly analyze the subsurface of every continent in the world.Read More
When the rain stopped falling in Texas, the prairie grass yellowed, the soil cracked and oil drillers were confronted with a crisis. After years of easy access to cheap, plentiful water, the land they prized for its vast petroleum wealth was starting to dry up. At first, the drought that took hold a few years ago seemed to threaten the economic boom that arose from hydraulic fracturing, a drilling method that uses huge amounts of high-pressure, chemical-laced water to free oil and natural gas trapped deep in underground rocks.Read More