CNOOC and Sinopec target Nexen and Talisman assets July 23rd 2012, the Chinese CNOOC Ltd (CNOOC) announced to have signed an Arrangement Agreement with Nexen for the acquisition of the Nexen shares listed in Toronto and New York Stock Exchanges. The aggregate value of the proposed acquisition is approximately $15.1 billion (more…)
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04
Jul
2012
SAGD
Definition SAGD is the acronym of Steam Assisted Gravity Drainage. The Steam Assisted Gravity Drainage is a process to produce oil from tar-sands. Comments The SAGD process has been developed in Ontario, then in Alberta by Imperial Oil (ExxonMobil) in the years 1970s. Canada holds the most important reserves of extra (more…)
Read moreTags: Alberta, barrel price, BC, bitumen, British Columbia, Canada, Carbon dioxide, CO2, CO², crude oil, energy, Exploration & Production, Extra Heavy Crude Oil, ExxonMobil, gas, gas pipeline, heavy crude oil, horizontal well, Imperial Oil, lower well, melting oil, Methane, natural gas, natural water reserves, North America., nuclear, ogp projects, OGP projects pursuit, oil, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical glossary, Oil & Gas and Petrochemical Project, oil and gas, oil costs, oil recovery, oil sand, Oil&Gas, oil-sand separation, oil-water separation, Ontario, Project Feasibility study, proven reserves, recoverable oil, reserves recovery rate, SAGD, SAGD environmental constraints, SAGD facilities, SAGD process, sand dust, Saudi Arabia, solar, steam assisted gravity drainage, steam condensation, steam injection, tar sand, upper well, upstream, water, water consumption, windmill
Posted in One day - One Project | Leave a comment
Posted in One day - One Project | Leave a comment
29
Jun
2012
Depletion
Definition Depletion refers to the decline of production of an oil or gas field. Depletion may also be used for accounting in a similar way as depreciation to allow an owner or operator to account for the reduction of a product’s reserves. For tax purposes, there are two types of depletion; cost (more…)
Read moreTags: accounting, artic field, bell curve, capital expenditure, chemical injection, crude oil, declining well, deep offshore, depleting well, depletion, depreciation, downstream, Energy Consumption, enhanced oil recovery (EOR).EOR, Exploration & Production, exponential curve, field, field production, freeflow, gas, gas injection, global oil and gas field, Hubbert peak theory, IAE, International Energy Agency (IEA), marginal well, maturing well, natural depletion, natural gas, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical glossary, oil and gas, oil and gas field depletion, Oil news, Oil&Gas, operating company, Operator, peak oil, plateau production, pre-salt, production, Project Feasibility study, proven reserves, recovery rate, Research & Development, reserves, reservoir, shale gas, shale oil, stripper well, tar sand, technology, upstream, Water injection, well, well depletion
Posted in One day - One Word | 1 Comment
Posted in One day - One Word | 1 Comment
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