Argentina needs foreign technical and financial assistance to tap its considerable shale resources. Unable to access international debt and capital markets after a recent default, the country is restructuring legislation to make investment opportunities more attractive to international oil companies. [Reuters] Global accounting firm Ernst & Young released its latest quarterly Renewable Energy Country Attractiveness… Keep reading →
GE CEO Jeff Immelt said the company is researching technology that could use carbon dioxide instead of water for hydraulic fracturing operations. GE is reportedly putting an additional $10 billion through 2020 into its “ecoimagination” budget, which focuses on energy solutions including high efficiency natural gas turbines, “CNG In a Box,” wind turbine manufacture and… Keep reading →
Scotland will vote on a referendum to secede from the UK this September. A major component of that decision involves the future of the massive Grangemouth refining and petrochemical complex and oil reserves located in the Scottish portion of the North Sea. “Mr. Salmond, Scotland’s first minister, is banking on North Sea oil to underpin… Keep reading →
All oil and gas fields face natural decline rates as reservoir pressure decreases and continually declining production must be addressed by drilling more wells and injecting substances like natural gas, carbon dioxide or steam into the formation to maintain pressure and coax the remaining hydrocarbons toward production wells. This process is known in the industry… Keep reading →
