The US Department of Energy announced up to $39 million in federal funding for cost-shared research and development projects that aim to improve oil and natural gas technologies. Selected projects will fall under two DOE Office of Fossil Energy funding opportunity announcements, DOE said on Apr. 16.
Mubadala Investment Co. and the government of Uzbekistan have entered strategic agreements to cooperate in three energy areas, including oil and natural gas. Mubadala, Abu Dhabi’s strategic investment and development fund, also will work with the Uzbek government to identify partnership and investment opportunities in conventional power generation and renewable energy.
What’s the best way to respond to climate change? Watch oil and gas companies.
Andijanpetro LLC is the name of the joint venture formed by Zarubezhneft and Uzbekneftegaz to enhance recovery at three old oil fields in the Ferghana Valley of Uzbekistan.
Zarubezhneft and Uzbekneftegaz have targeted three old oil fields Uzbekistan’s Ferghana Valley for enhanced recovery and plan to form a joint venture to do the work. Zarubezhneft said it will apply its development-management technologies and use modern equipment to boost production from South Alamyshik, Khartum, and East Khartum fields.
Equinor and its partners have gained approval from the Norwegian Petroleum Directorate to use the C platform in Gullfaks oil field in the North Sea until June 30, 2036, which is the entire period of the production license. In its application, Equinor said the facility can be operated at a profit up to 2032, with an option for further extension in connection with maturing new improved oil recovery projects on Gullfaks.
California’s new underground injection requirements will affect some 55,000 underground injection control (UIC) wells when they go into effect on Apr. 1, the state’s Department of Conservation (DOC) reported. It said the new rules affect wells that inject water or steam for enhanced oil recovery, along with wells that return produced water back to its source.
Norway’s Equinor has let a $13-million engineering, procurement, construction, and installation contract to Wood for the boosting station to increase production from Vigdis subsea field in the Tampen area on Block 34/7 in the Norwegian North Sea.
Santos Ltd., Adelaide, has announced that oil from its two-well infill project in Van Gogh field in the Exmouth basin offshore Western Australia has been brought on stream. The infill project began in September 2018 and involved the drilling and completion of two subsea wells and connecting them to the existing field infrastructure.
Gulf Keystone Petroleum has initiated an investment program at its operated Shaikan field in the Kurdistan region of Iraq and is progressing plans to increase production to 55,000 b/d. Average gross oil production of 31,563 b/d in 2018 is underpinned by strong performance of the Shaikan Jurassic reservoir, and is in line with expectations, the company said.
Equinor and its partners in Gullfaks oil field in the Norwegian North Sea’s Tampen area will drill 7 wells believed to improve oil recovery by 17 million bbl with good profitability. The amended plan for development and operation submitted to Norway’s Ministry of Petroleum and Energy calls for additional resource recovery with water injection and production wells in the Shetland-Lista Phase 2 development.
More oil and gas producers should be ready to use technology to address climate change instead of denying the problem exists, Occidental Petroleum Corp. Pres. and Chief Executive Officer Vicki A. Hollub recommended on Dec. 14.
More oil and gas producers should be ready to use technology to address climate change instead of denying the problem exists, Occidental Petroleum Corp. Pres. and Chief Executive Officer Vicki A. Hollub recommended on Dec. 14. “We’ve been doing enhanced oil recovery for decades. When carbon dioxide is used to produce oil, the net emissions are 20% less than oil produced without EOR,” she said during an appearance at the Bipartisan Policy Center in Washington, DC.
Equinor and its partners reported plans to invest some 1.4 billion kroner in a boosting station for Vigdis subsea field, which has been producing oil through Snorre field for more than 20 years. Equinor expects to bring the station online in first-quarter 2021.
