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South Korea Interested to Invest Oil Exploration Project in Ghana
Ghana’s largest oil field, the Jubilee oil field has been up for grabs, and oil majors from across the world are falling over each other to grab it. And now it is the South Koreans.
Since Komos Energy put up their stake in the Jubilee field for sale, Ghana has been in the spotlight, as [...]
Invesment Proposal Of Establishment Of Clean Coal Research Institute
Kevin Rudd has summoned mining and industry chief executives, environmentalists and union leaders to Canberra this morning to unveil a $100 million clean coal research institute aimed at making Australia the world hub for the climate-change-fighting technology.
The launch is the start of a major diplomatic effort to win international support and funding for the plan, [...]
Oil companies go deep into Gulf’s potential
Last fall, a team led by Chevron Corp. became the toast of the oil industry when it demonstrated that an alluring deepwater region of the Gulf of Mexico could deliver on its promise.
Now, oil companies are taking concrete steps to unlock the area’s potential, with an eye toward extracting oil from there in as little [...]
Plan oil pipeline by ExxonMobil and Enbridge
ExxonMobil Pipeline Co. and Enbridge Inc. has been joint agreement to commercial development of a new pipeline project.
The pipeline would transport U.S. and Canadian crude oil from Patoka, Illinois, to Beaumont, Texas, and onward to refineries around Houston.
The two companies have been discussions about potential shipper of Canadian crude, timing and value of the prject.
Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
Technology lifts productivity of old oil fields
The Kern River oil field, discovered in 1899, was revived when Chevron engineers here started injecting high-pressure steam to pump out more oil. The field, whose production slumped to 10,000 barrels a day in the 1960s, now has a daily output of 85,000 barrels.
In Indonesia, Chevron has applied the same technology to the giant Duri [...]
Oil Innovations Pump New Life Into Old Wells
The Kern River oil field, discovered in 1899, was revived when Chevron engineers here started injecting high-pressured steam to pump out more oil. The field, whose production had slumped to 10,000 barrels a day in the 1960s, now has a daily output of 85,000 barrels.
In Indonesia, Chevron has applied the same technology to the giant [...]
Indonesia sees delay to 2010 for Cepu oil output
Oil production from the $2.6 billion Cepu oil and gas project in Indonesia will be delayed again and is now expected to begin in 2010, instead of the first quarter of 2009, energy watchdog BPMIGAS said on Monday.
State oil firm Pertamina and oil giant Exxon Mobil Corp. signed a joint-operation deal for the oilfield last [...]
Total to Start Talks to Extend Drilling Contract in Indonesia
Total SA plans to start talks with Indonesia next year to extend a drilling license that contributes 8 percent of the company’s output, before investing $8 billion to tap remaining reserves in the Mahakam Delta.
Europe’s third-largest oil company needs a guarantee within four years that exports of liquefied natural gas from Borneo will continue after [...]
