Enhanced oil recovery (EOR) technologies get extra petroleum out of depleted fields by squeezing CO2 into them.
Seven of the final 10 teams doubled the standard oil recovery rate of 1, 100 gallons per minute.
FORBES: Fulfilling The President's Green Dreams Through Private Competition
Five of the seven plants under construction will also use the captured CO2 for enhanced oil recovery (EOR).
He said the barges were empty and being cleaned at the Oil Recovery Co. facility when the incident began.
Oil recovery rates have declined, and, with no remedy in sight for the gas reinjection shortage, this decline may accelerate.
Shell has announced investments in a number of projects including a deep-water project in Nigeria and an oil recovery project in Oman.
BBC: Royal Dutch Shell chief executive Peter Voser to retire
In the fossil fuel industry, both enhanced oil recovery (EOR) and enhanced coal bed methane recovery use compressed CO2 as an input.
We need clean coal in the U.S., and melding the technology with oil recovery is a smart way to make it economic.
FORBES: Sinopec's Clean Coal Plan Shows It's Set To Buy Chesapeake's Texas Oil Fields
These generally require enhanced oil recovery techniques such as gas (CO2) injection, chemical injection, microbial injection, cyclic steam injection, steam flooding, and fire flooding.
Pollutants like sulfur are removed, and GreatPoint uses conventional air-chilling technology to separate out the carbon dioxide, which it plans to pump into the ground for enhanced oil recovery.
The company continued to benefit from the shift towards shale oil, natural gas liquids and enhanced oil recovery operations as the slow recovery in gas prices pushed exploration firms to focus on liquids.
Private equity backed 2Co wants to build a new coal plant above the Hatfield coal mine and pump the gas to North Sea oil fields where it can be used for enhanced oil recovery.
During gasification, the carbon dioxide generated from the coal or other feedstock, like biofuels, is captured and then used to inject deep into the earth as part of oil recovery or otherwise sequestered in a geologic formation.
FORBES: See Who Got Really Rich This Week: LinkedIn IPO Riches, The Babe Ruth of Insurance & More
Hydrogen Energy International, a joint venture between two big resource firms, Rio Tinto and BP, says that its proposed CCS plant in California will need extra subsidies, even though the state is imposing a carbon price and the project will earn revenues from enhanced oil recovery.
The Louisiana Oil Spill Recovery Act, passed in 2003, also requires the state to compile an accounting of the damages it wants from a company and then attend at least three mediation sessions to work out a settlement.
Increased spending by oil firms on recovery technology will boost revenue per rig figures for Schlumberger.
FORBES: Framo's Deepwater Prowess Pumps Schlumberger Up To $105
U.S. Silica specializes in commercial silica used in a variety of industries, the most prominent being "frac sand" to stimulate oil and gas recovery in formations such as shale.
We are very much interested in responsible but effective oil exploration and recovery, and that is why we have approved 37 shallow-water permits and why overall, as I noted, domestic oil production is at its -- last year was at its highest level since 2003.
Forty-nine vessels - oil skimmers, tugboats barges and special recovery boats that separate oil from water - were meanwhile working to round up oil, BP said.
What will be the impact of higher gas and oil prices on the recovery?
The company produces premium monocrystalline sand, which is used to improve the recovery of oil and gas during hydraulic fracturing drilling.
And there, too, Bissell had a flash of inspiration: Adapt the new technique used for drilling for water to the recovery of oil.
The international rig count has remained largely flat despite the recovery in global oil prices.
You can see that OECD demand contributed heavily to the recovery in global oil demand from early 2009 to late 2010.
Worse yet, even proponents of this deal like former Deputy Energy Secretary Henson Moore acknowledge that revenue streams associated with secondary recovery at existing oil wells could be generated in as little as 6-24 months.
Think about what this advancement has meant just in terms of access to the resources: When drilling into a hydrocarbon bearing formation 100 feet thick, vertical drilling would allow an operator to contact 100 feet of rock, which would limit your potential recovery to whatever oil or gas would flow into that length of pipe.
Energy prices, led by a 13% rise this year in the price of oil, have hit new post-recession highs, also driven by the global recovery, as well as the oil cartel Opec's apparent unwillingness to increase supply.
Stockmarkets, already rattled by a declining dollar, fell: traders worried that higher oil prices might slow global economic recovery.
But the tar sands' continued appeal, combined with predictions of a recovery in demand for oil, could raise the issue again, and sooner than many expected.
The White House's "America's Gulf Coast: A Plan for Long-Term Recovery in the Aftermath of the BP Oil Spill, " assembled by Secretary of the Navy Ray Mabus, lays out a vision for community recovery, improving public health, coastal restoration and marine resiliency that can begin to restore the Gulf.
应用推荐