Higher prices at the pump have also made extraction from oil sands and heavy oil feasible.
Prof Kemp said that could include development of "heavy oil" deposits in the east of Shetland basin.
The plan is for Hebron to be putting out 150, 000 bpd of heavy oil (20-degree API) by 2017.
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Some thought he used magnets, others said heavy oil or porcelain chips or a substance he found in beehives.
At today's oil prices, the heavy oil reserve is going to sit there.
Much of Venezuelan oil is also heavy oil, which is a lower grade.
The giant heavy oil field offshore Newfoundland was discovered way back in 1981.
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That's the first step toward booting him and adopting a sensible plan for developing the country's enormous heavy oil reserves.
The real value of TNK-BP is in its portfolio of untapped treasures, like the 6 billion barrel Russkoye heavy oil field.
It will be hard to ignore the compelling symbiotic relationship between a glut of cheap North American gas and abundant heavy oil.
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These include heat from the partial combustion, a gaseous mixture called syngas that can be burned as fuel, and a heavy oil.
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Full sanctions would require replacing heavy oil supplies, for which much of the U.S. oil refining infrastructure on the Gulf Coast is geared.
Koch (d. 1967), invented method of turning heavy oil into gasoline.
It could redouble its efforts to extract heavy oil in Oman.
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Cheaper oil prices bodes well for heavy oil importing nations like the U.S. and Europe, but also for important emerging market nations like India and China.
One positive caveat: Prices for Canadian Heavy are discounted now because of the shortage of pipeline capacity for carrying heavy oil sands crude out of western Canada.
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Several governors from heavy oil and gas drilling states are also joining in the debate to express their concern over which of the stricter regulations will hinder economic growth.
Patents have been filed, the senior team assembled, and letters of intent collected from Aera Energy (heavy oil), PERC Water (municipal wastewater), Filterboxx (oil sands in Calgary), and EPRI.
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Longer term plays such as heavy oil should be put into the mix for positive cash flow, as should joint ventures with serious NOCs to give BP much more market and political cover.
He pointed to the shale-gas revolution in the U.S., along with deep-water and heavy oil, as examples of how Mexico can benefit from new technologies that boost energy output, lower prices and create jobs.
China Integrated Energy, Inc. (CBEH) : A non-state-owned company, China Integrated has three main businesses: the wholesale distribution of finished oil and heavy oil products, the production and sale of biodiesel, and the operation of retail gas stations.
It issued a press release in January trumpeting new technology that cheaply upgrades the kind of heavy oil found in Venezuela and mined out of Canada's tar sands with rapid applications of heat using sand as the heat carrier.
Complicating matters, Mexico's oil output has slipped to 2.55 million barrels a day from a peak of 3.4 million in 2004, as easy oil in the Gulf is replaced by more difficult reserves of deep-water oil and heavy oil onshore.
So producing more crude oil, if it is heavy crude oil, will not result automatically in more gasoline or other high value end products.
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Another fragile aspect of the Agreed Framework has been the heavy fuel oil component.
Since refineries in the Midwest are reaching their heavy-oil capacity, it needs to go to the Gulf Coast.
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The government's main hope of boosting output lies in the Orinoco heavy-oil belt.
Further the number of gallons of gasoline produced per barrel heavy crude oil is lower than for light crude oils.
That initial investment should provide the island's 14, 000 residents with enough clean electricity to shut down its heavy-oil-powered generator in 2004.
Right now, biodiesel is a growing industry but hasn't made an appreciable dent on the global dependence on heavy crude oil, from which diesel fuel is processed.
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