The year 2013 marked a new era for sustainable energy and cleantech. Innovative sustainable technologies have started to mature and are getting closer to mainstream acceptance. Growing pains are over for many of these technologies and they can now simultaneously reduce cost and the energy intensity of products and production processes, while also improving the… Keep reading →
Integrating renewables into the oil and gas industry has become more common especially as the industry turns to production from heavy crude. Outside of the United States, natural gas is not cheap and abundant and so the oil industry’s reliance on power generated from natural gas places limitation on growth. GlassPoint, a company with solar… Keep reading →
The possibility of a rapprochement in nuclear talks between the US and Iran – though they did not produce a deal – had fueled a degree of oil market optimism about Iran’s reinstatement as a global oil supplier. But even if negotiations had proved successful, political and logistical hurdles would likely have stalled any significant return… Keep reading →
Quartz carried a piece yesterday about enhanced oil recovery – which covers a pretty broad range of techniques, from pumping water into wells to push more oil out of a reservoir to steam-assisted gravity drainage, which is used to develop oil sands – based on the findings of a Lux Research report. $100 per barrel may… Keep reading →
A GlassPoint project in Oman that uses solar energy to get more oil out of the ground has come online on schedule and on budget, brightening the outlook for the technology’s broader use in the Middle East. Oman’s state-controlled oil company, Petroleum Development Oman (PDO), awarded GlassPoint a contract to build a seven megawatt (MW)… Keep reading →
It is anticipated that the average price at the gas pump in the US may climb as high as $5 per gallon by summer’s peak driving season. Understandably, many are worried that continuing turbulence in the Middle East could propel prices even higher.
However, a process known as pulsed injection offers potential new life for US oil fields that were previously believed to be past their productive lifetimes, permitting additional barrels to be extracted domestically. In total, the US Department of Energy estimates that there might be as much as 430 billion barrels of oil that is technically recoverable in the United States. Keep reading →
