Hart Energy honors 16 technologies that demonstrate upstream engineering excellence.
EOR will be essential in U.S. energy security as reservoirs currently supplying U.S. oil will peak in the coming few years, said Vicki Hollub, Oxy president and CEO.
The CO2 from Calpine Corp.’s cogeneration facility will tie into Exxon Mobil’s CO2 pipeline system on the Gulf Coast for sequestration and enhanced oil recovery purposes.
U.S. oil production will likely peak within the next five years or so, Oxy’s CEO Vicki Hollub said. But secondary and tertiary recovery methods, such as CO2 floods, could sustain U.S. output.
Hunting Plc is acquiring the rights to organic oil recovery, an EOR technology—including 25 patents and distribution rights—from its founding shareholders.
Abu Dhabi National Oil Co. has contracted Flowserve Corp. for the supply of dry gas seal systems for EOR and a carbon capture project at its Habshan facility in the Middle East.
Pioneer Energy’s Emission Control Treater technology reduces emissions and can boost a well’s crude yield by 5% to10%, executives say.
Shale Ingenuity’s SuperEOR, which has been field tested with positive results, looks to remedy the problem of production declines.
Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger.
Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.