Oil Exploration - News, Trends, Oil Exploration Links
Shell, ConocoPhillips spending millions on Arctic Research
Royal Dutch Shell (ADR: NYSE: RDS.A) and ConocoPhillips are going well outside their domains of expertise, spending $100 million per year on biological and geological research in the Arctic, studying such things as climate change and environmental factors affecting polar bears, seals, walrus, and whales. - Read More
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Topics : Oil and Gas Oil
Exxon replaced 103% of oil produced in 2008
Exxon said it replaced 103% of the oil it produced in 2008, marking the 15th straight year Exxon has replaced more than it has pumped. Exxon said it added 1.5 billion barrels of proved reserves, and 2.2 billion oil-equivalent barrels to its resource base last year. Half the company?s new resources came from a single source: ?Reserves additions from the Kearl Phase 1 oil sands project in Canada totaled 1.1 billion oil-equivalent barrels,? Exxon said. - Read More
Tags : exxon mobil oil oil production oil reserves oil usa oil
Topics : Oil Oil and Gas
Aramco has very low discovery & development costs
Aramco enjoys the world's lowest discovery and development costs - $0.5 per barrel, a tenth of what private sector rivals pay in Russia, the North Sea or the Gulf of Mexico
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3D and 4D seismic surveys
These are some latest methods used to survey for oil reserves
Tags : oil reserves oil
26 trillion $ for energy infrastructure
Acc to IEA (2008 data), 26 trill $ will be required for energy infrastructure - 2007-30. Out of this, the power sector accounts for 13.6%. Most of the rest goes for oil and gas, mainly for exploration and development in non-OECD countries
Tags : energy infrastructure energy investments electricity electricity investments
Topics : Finance
Underground Oil Deposits
There are large oil deposits 30,000 ft under the ground
Tags : oil drilling oil reserves
Topics : Oil and Gas Oil
Cairn Strikes Oil in Rajasthan
India opened its oil exploration to foreign sector and Cairn wasted no time in striking oil in state of Rajasthan (2006? news)
Tags : India cairn energy
Topics : Oil and Gas Oil
Siberia new frontier for oil industry?
Siberia could be a new frontier for the oil industry (2006)
Tags : siberia oil reserves
Enhanced Oil Recovery Techniques
Big Oil is spending big money on enhanced oil recovery techniques
Tags : big oil oil production oil recovery oil
Topics : Oil and Gas Oil
Oil Exploration and Consumption - 50 years earlier and now
Fifty years ago, the world used about four billion barrels of oil a year, and the average new oilfield discovery was around 30 billion barrels. Today, those numbers are roughly reversed. The last really big (30 billion barrel) find was Mexico's Cantarell field, way back in 1976. - Read More
Tags : oil oil demand
Topics : Oil and Gas Oil