Granite Oil Corp. (TSX:GXO) recently announced it saw major advancement in its gas injection enhanced oil recovery (EOR) scheme in the Bakken formation. Last year, the company optimized its development drilling program with modifications to well and completion design, and focused primarily on drilling 15 EOR wells it owns 100%. It also reduced all-in well…
BioFoundry, a research group led by Dr. Vikramaditya Yadav at University of British Columbia and Metabolik Technologies, Inc., a start-up company funded by Evok Innovations, have partnered to develop a potential technology platform that could detoxify oil sands process water (OSPW) in an energy efficient and economical manner. “We’ve gained an excellent understanding of how…
The international giant, Royal Dutch Shell, announced its executive vice president, upstream international vice president, Ceri Powell, has stepped down. A geologist by training, she joined the company in 1990 and was appointed managing director of Brunei Shell Petroleum. Subsequently she worked in the United Kingdom, Angola, Malaysia, the Netherland, and the United Arab Emirates….
The American Environmental Protection Agency (EPA) is under duress by President Donald Trump’s administration. He nominee to head the agency, Scott Pruitt, has sent waves of fear because he has publicly said the EPA should be abolished. Pruitt is also concerned about an increasingly bitter and rancorous practice in how the EPA reports the biofuel…
The Venezuelan government conducted a shake-up of its state-owned oil company, PDVSA, in an effort “to root out corruption,” says Nicolas Maduro, the country’s president. He kept the current president, Eulogio Del Pino as the CEO and then created a new executive vice president position, supported by new VPs of Finance and Exploration, with the…
State-owned Saudi Aramco has awarded two American reserves auditors the contracts to review its massive oil deposits. Gaffney, Cline and Associates (a subsidiary of Baker Hughes) and DeGolyer and MacNaughton to perform the work. Aramco has long reported its fields contain about 15% of the world’s total supply of oil, or an estimated 265 billion…
