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Petroleum Review March 2015
Unsurprisingly, low oil prices are continuing to impact all sectors of the global oil and gas industry. Our first feature this month looks at the measures being adopted by the seismic contractors, including a reduction in fleet size and a focus on reducing costs while maximising efficiencies. A slowing of new technology development is also anticipated in the months ahead.
Meanwhile, low oil prices could have serious ramifcations for the future development of carbon capture and storage (CCS) projects. Such projects are costly and in the current climate many pending developments may be rendered uneconomic.
This month’s issue also takes a look at some of the latest technologies being developed to enhance oil recovery (EOR) rates and potentially add decades to the lifespan of reservoirs worldwide. There is also a suggestion that EOR should be incorporated into field managment practices as a norm, rather than leaving it until the end-of-life of a field.
Strategies for the changing oil and gas landscape was the overall theme of discussion at this year’s IP Week held in London last month. We highlight some of the key presentations and speeches, including comments from Ben van Beurden, CEO, Royal Dutch Shell; Rosneft Chairman Igor Sechin; and Maria van der Heoven, Executive Director, International Energy Agency.
Issue details
Journal title: Petroleum Review
Publisher: Energy Institute
Content in this issue:-
New report from ICCT - News Item
Future energy challenges - Article
Cluff enters MoU with Halliburton for underground coal gasification development - News Item
Rehabilitating Iraqi compressor stations at West Qurna - News Item
Total to halve capacity at Lindsey refinery - News Item
Amec Foster Wheeler secures Omani contract - News Item
JKX launched arbitration proceedings against Ukraine - News Item
Italian tax cut to hit treasury - News Item
Keystone XL pipeline a step closer - News Item
Vopak to sell certain US terminal assets - News Item
Capacity expansion at Friendship I/ Adria oil pipelines - News Item
New national shale oil R&D centre for China - News Item
Thailand extends licensing round bid deadline - News Item
Israel to sell minority stake in Israel Natural Gas Lines - News Item
Call for combined stand on Russia - News Item
Subjects: Research and development, Carbon capture, transportation and storage, Oil and gas, Enhanced oil recovery