Canadian crude oil production will more than double to 6.2 million barrels per day by 2030 from three million barrels per day in 2011, according to CAPP's 2012 Crude Oil Forecast, Markets and Pipelines Outlook.
CNOOC Limited announced today that the Company received a report from ConocoPhillips China Inc. ("COPC"), the Operator of Penglai 19-3 oilfield, stating that a small amount of oil leaked to the sea when the safety device of a hose coupling automatically parted due to the abnormality during the oil transfer under fluid discharge and depressurization operation late night on June 3, 2012.
The Technology Center set up by Clariant Oil Services, a global leader in the provision of customized specialty chemicals and related services for the oil and gas industry worldwide, will reinforce the company's activities aimed at generating the research and development of solutions to help the sector overcome the countless challenges of new exploratory frontiers in deep waters.
Brazilian Gold Corporation is pleased to report the results of the first NI43-101 compliant mineral resource estimate on the Jau target (Surubim group) in the Tapajos region of northern Brazil. Brazilian Gold discovered gold mineralization at the Jau target in the first quarter of 2011.
With temperatures rising, millions of Americans will hit the highway for road trips and family fun. As the summer driving season kicks into high gear, Americans are embracing higher blends of ethanol in gasoline as a proven cost-effective solution to save dollars at the pump.
America now has a major new source of energy that could rival the contribution made to the economy by natural gas, coal, and nuclear power, according to a report released today by the American Council for an Energy-Efficient Economy (ACEEE), which concludes that up to about a quarter (22 percent) of current U.S. energy consumption could be replaced by what experts are calling "intelligent efficiency."
Xtierra, a Toronto-based exploration and development company, reported that it has obtained a regulatory approval for a 2,000 m of infill drill program at the main Bilbao deposit.
Metso, an international provider of technology and services in the process industries, has declared that it has inked an agreement with Codelco, a major mining firm in Chile, to supply the biggest cone crushers for use in a process improvement project of the main open pit copper mine located in the Chuquicamata division. An automatic control system to be used in crushers is also included in the contract. The value of the contract surpasses EUR 9 million.
Green Field Energy Services, Inc. today announced a milestone of 100 completed fracturing stages, with rates reaching 105 barrels per minute, performed in the Eagle Ford Shale, Woodford Shale, and Texas Panhandle. This achievement comes through the tireless efforts and determination of the entire Company, and the vision of using clean turbine pumping technology to realize this goal.
Frost & Sullivan released the results from its customer survey with several hundred companies conducted in December 2011, executed to find out the top predictions for 2012 for the global automotive and transportation market. Market growth in all regions except Europe, accelerated introduction of plug in hybrid and battery electric vehicles due to increasing fuel prices, mobility and integrated transportation as well as the integration of the smart phone with dedicated application stores and innovative HMI concepts will be the key topics in 2012 and beyond.
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