Sentences with phrase «declining oil fields»

When CO2 is injected into declining oil fields it can help to recover more of the oil.

The Alberta trunk line project aims to transport captured carbon dioxide from the province's industrial heartland to boost oil recovery at declining oil fields in central Alberta.

For 35 years oil services companies such as Denbury Resources and Kinder Morgan have piped carbon dioxide from naturally occurring reservoirs in Colorado to the declining oil fields of the Permian Basin in West Texas.

Not exact matches

Although there is hope for a boost in local production after the country opened its oil fields to foreign investors this year, it's going to be hard to make the kind of turnaround needed after a 13 - year production decline.

«Most of the fields in Argentina are mature and they are declining in production,» Alejandro Gagliano, a partner at Giga Consulting, an oil industry consulting firm in Buenos Aires, said Tuesday.

But ultimately oil fields decline, and we're going to need all sources of supply, including the shales, but also deepwater and other sources around the world».

Mexico's oil production has been in steady decline as Pemex has struggled with aging fields and rising debt.

I hope the world takes this chance to recove and invests in renewbale energies because after this drop the decline rate of existing fields will take oil prices back to +100 $ / barrel after being conpensated by full production in the middle east and new offshore production combined with unconventionnal production.

In North America's most active shale fields, the drilling and hydraulic fracturing of new wells is directly placing older adjacent wells at risk of suffering a premature decline in oil and gas production.

However, longer term, we believe that off - shore capital expenditure trends will eventually improve as oil demand continues to increase moderately, while production from existing fields continues to decline.

Let's not forget to mention weaning the world off oil, but that is just as much a necessity for China, whose national oil fields are declining, as those of any country.

The U.K. - based oil company, BP, PLC, has signed a $ 17 - billion exploration deal with Russia in the hopes of replacing the declining output of its current fields in the North Sea.

The increments offered by ANWR and offshore are useful but aren't going to do much to bring down the price of oil or lessen our dependence on the Saudis and Russians — certainly not now, and probably not much in the future, when those increments come online and do little more, probably, than offset declines in older American fields.

Although the population of caribou (Central Arctic herd) in the vicinity of North Slope oil fields increased in the early years of oil field development, the herd has declined since 1992.

This reflects the fact that natural declines in production from existing fields are higher than a decline in demand, such as is envisioned for oil on average in the Assessed 2oC Scenarios.

«Within the next two to five years the oil fields of this country will reach their maximum production, and from that time on we will face an ever - increasing decline.»

And he met oil executives in Scotland to urge them to pump more of the black gold from the North Sea's fast - declining fields — even though his own energy minister, Malcolm Wicks, admitted that this would do nothing to reduce the price of fuel.

At the Oil Drum, there is much discussion of whether the Ghawar field will decline next year.

The lower graph at the right, from An Introduction to Peak Oil (Phil Hart, original data attributed to ExxonMobil), shows that the total size of the oil fields discovered world - wide has tended to decline since about 19Oil (Phil Hart, original data attributed to ExxonMobil), shows that the total size of the oil fields discovered world - wide has tended to decline since about 19oil fields discovered world - wide has tended to decline since about 1965.

But it also finds that output from the world's oil fields, some of them discovered more than 30 years ago, is declining much faster than previously thought.

The headline says it all: World will struggle to meet oil demand Output from the world's oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows.

By using a comprehensive database of the giant oil field production, the average decline rates of the world's giant oil fields are estimated.

e.g. See: Global Oil Depletion: An assessment of the evidence for a near - term peak in global oil production UK Energy Research Centre 2009 Table 3.5 Estimates of production - weighted aggregate decline rates for samples of large post-peak fields (% / year) IEA 5.1 % / year Hook 5.5 % / year CERA 5.8 % / yOil Depletion: An assessment of the evidence for a near - term peak in global oil production UK Energy Research Centre 2009 Table 3.5 Estimates of production - weighted aggregate decline rates for samples of large post-peak fields (% / year) IEA 5.1 % / year Hook 5.5 % / year CERA 5.8 % / yoil production UK Energy Research Centre 2009 Table 3.5 Estimates of production - weighted aggregate decline rates for samples of large post-peak fields (% / year) IEA 5.1 % / year Hook 5.5 % / year CERA 5.8 % / year

[From the LA Times:] Output at Mexico's most important oil field has fallen steeply this year, raising fears that wells there that generate 60 % of the country's petroleum are in the throes of a major decline.

About a half of oil production is now from fields already in decline.

Investment in new oil supply will be needed as the decline in currently producing fields is greater than the decline in demand.

â $ œIf you let current fields begin their natural decline, â $ says Kretzmann, â $ œyouâ $ ™ ll be using 50 percent less oil by 2033.

His remarks covered the need for investment in upstream oil to meet rising demand and offset decline in mature fields, how competitive prices are vital for growth in gas markets, the rapid growth in solar and wind, and prospects for reaching universal access to electricity, including India's significant achievements over recent years in this respect.

The Financial Times has gotten hold of a draft of the International Energy Agency's annual report, which states that the rate of output decline is 9.1 per cent at the world's biggest oil fields.

Curiously, the power will be used to pump oil out of the declining field - at some point it takes more energy to get the oil out then you actually get from it.

Sadad al - Husseini, recently retired as head of exploration and production at Aramco, the Saudi national oil company, notes that new oil output coming on - line had to be sufficient to cover both annual growth in world demand of at least 2 million barrels a day and the annual decline in production from existing fields of over 4 million barrels a day.

It is said this is required to fill the «supply gap» left by: i) increasing demand for oil; and ii) natural decline rates of currently producing wells / fields.

In declining order of importance, these are (i) more intensive development, (ii) the development of discovered, but currently developed fields, (iii) advanced secondary and enhanced oil recovery, and (iv) new reservoir discoveries and extensions to known reservoirs in discovered fields.

If Argentina instead focuses on planning for a managed decline of already producing fields, emissions from the country's oil and gas sector could fall largely in line with the rate of reductions needed to keep warming below 2 degrees Celsius.

He explained to me that the agency's new projections were based on a major study it had undertaken into decline rates in the world's 800 largest oil fields.

While production skyrocketed on the American side of land and sea border, Pemex wasn't able to adequately fund new exploration initiatives or develop current fields, leading to declining oil and gas production over the past decade.