http://www.oiledge.com/rss/Main_headlines.xmlThis newsfeed has been automatically generated by OilEdgeen-gb01 Sep 2012Copyright: (C) http://www.OilEdge.comOiledgehttp://feedburner.google.comSubscribe with My Yahoo!Subscribe with NewsGatorSubscribe with My AOLSubscribe with BloglinesSubscribe with NetvibesSubscribe with GoogleSubscribe with PageflakesSubscribe with PlusmoSubscribe with The Free DictionarySubscribe with Bitty BrowserSubscribe with Live.comSubscribe with Excite MIXSubscribe with WebwagSubscribe with Podcast ReadySubscribe with WikioSubscribe with Daily RotationDaniel Yergin, a well known and recognized expert in the oil industry often states that most of the problems involved in producing more oil today are “above ground and not below ground”. To a great extent he is right, but I am sure that he would also agree that there is a lot of oil trapped in global oil fields and today’s oil recovery technology has not been successful in recovering a significant portion of remaining original-oil-in-place. A significant percentage (an average of 65%) of discovered oil resources remain trapped and cannot be recovered using conventional methods and processes - until now.http://feedproxy.google.com/~r/Oiledge/~3/477LtTxFvPA/1a9882ba.aspxhttp://www.OilEdge.com/n/What_would_Daniel_Yergin_say_about_Microbial_Enhanced_Oil_Recovery/1a9882ba.aspxSat, 01 Sep 2012 00:00:00 GMT http://www.OilEdge.com/n/What_would_Daniel_Yergin_say_about_Microbial_Enhanced_Oil_Recovery/1a9882ba.aspx A new report shows that Deep Water exploration is of continuing importance and emphasis, although perhaps there is a tendency of exploration companies to behave like a swarm of 8 year old’s playing soccer – to be drawn magnetically to where the ball is! This seems to be true not only geographically but geologically. The evidence is that explorers perceive prospective rocks in basins that are currently Frontier are restricted to plays in the Cretaceous and younger – however history tells us that as a basin Matures, insight and innovation will lead to a breakthrough in understanding – and therefore discoveries - in older rocks.http://feedproxy.google.com/~r/Oiledge/~3/4sztIwkh6-o/805e10f3.aspxhttp://www.OilEdge.com/n/Exploration_Hot_Spots_and_Hot_Rocks/805e10f3.aspxSat, 14 Jul 2012 00:00:00 GMT http://www.OilEdge.com/n/Exploration_Hot_Spots_and_Hot_Rocks/805e10f3.aspx Perhaps more than any other sector of the oil and gas business, exploration encourages rumour and anecdotes, with much important information being traded by ‘networking’. For example, sitting at lunch at a recent Finding Petroleum event, I learned more about the reported 2.5 billion barrel Johan Sverdrup oil discovery in Norway than I could attending a year’s worth of formal presentations!http://feedproxy.google.com/~r/Oiledge/~3/ItPLiXiRs9s/75fb45aa.aspxhttp://www.OilEdge.com/n/Exploration_Hot_Spots/75fb45aa.aspxSat, 14 Jul 2012 00:00:00 GMT http://www.OilEdge.com/n/Exploration_Hot_Spots/75fb45aa.aspx With future, major, investment, the UKCS sector of the North Sea has a fantastic future. What contribution can oil field service companies make to making sure it is delivered?http://feedproxy.google.com/~r/Oiledge/~3/CDwhl3S2Ct0/f111f8b7.aspxhttp://www.OilEdge.com/n/Insight_Give_us_a_break/f111f8b7.aspxSat, 14 Jul 2012 00:00:00 GMT http://www.OilEdge.com/n/Insight_Give_us_a_break/f111f8b7.aspx As I have remarked before, one intriguing aspect of media commentary on the hoped for ‘turnaround’ in global economic fortunes is a perception that the energy industry may play a key role, by dramatic increases in supply, thereby dragging prices, especially oil prices, down.http://feedproxy.google.com/~r/Oiledge/~3/xyK6UgDLDZo/5307f44c.aspxhttp://www.OilEdge.com/n/Insight_Tilting_at_Windmills/5307f44c.aspxSun, 08 Jul 2012 00:00:00 GMT http://www.OilEdge.com/n/Insight_Tilting_at_Windmills/5307f44c.aspx Now diving into the website of the Bank of England is not a normal activity for me, you understand, but I was searching for a copy of their latest Quarterly Bulletin in which, according to the Times this week, they attribute part of the UK’s drop in productivity to the decline in output from the North Sea; and sure enough I read: “Norway is similar to the United Kingdom; both have seen falls in energy and utilities productivity over both the recession and recovery periods. This is not a surprise as they extract oil from common waters — the North Sea. The absolute fall at the aggregate level is larger in Norway, as extraction and utilities are a larger share of GDP ( Table A ).(4) As the decrease in oil production from the North Sea is likely to be structural rather than cyclical in nature, this evidence points to a fall in the level and growth rate of aggregate underlying labour productivity ( Chart 8 ).” http://feedproxy.google.com/~r/Oiledge/~3/N0RqRDaAZ2U/9c683eb8.aspxhttp://www.OilEdge.com/n/Insight_Finding_more_UKCS_oil/9c683eb8.aspxFri, 22 Jun 2012 00:00:00 GMT http://www.OilEdge.com/n/Insight_Finding_more_UKCS_oil/9c683eb8.aspx The dust is no closer to settling on Argentina’s highly-controversial decision expropriate one the country’s largest oil and gas firm, YPF. Six weeks have passed since the Argentine Senate approved the bill to renationalise the industry giant on April 26, yet the fallout from the move continues to make headlines. While President Cristina Fernández de Kirchner’s restoration of 51% of the company’s ownership to the state may have won plaudits at home with its appeal to nationalist sentiment, outside the South American nation the story is very different. http://feedproxy.google.com/~r/Oiledge/~3/xE0Q-dgA9PU/4d430ade.aspxhttp://www.OilEdge.com/n/Review_Dont_Steal_From_Us_Argentina/4d430ade.aspxFri, 15 Jun 2012 00:00:00 GMT http://www.OilEdge.com/n/Review_Dont_Steal_From_Us_Argentina/4d430ade.aspx To everybody who has just returned from the EAGE in Copenhagen, I hope you enjoyed yourselves, especially considering how much it cost you and your company:http://feedproxy.google.com/~r/Oiledge/~3/W9WfjLVC52M/f830d337.aspxhttp://www.OilEdge.com/n/Insight_Free_is_the_way/f830d337.aspxSun, 10 Jun 2012 00:00:00 GMT http://www.OilEdge.com/n/Insight_Free_is_the_way/f830d337.aspx About 20 years ago, when I first started to have a small role in BP’s global exploration program, we were driven by the concept of what we called “New Geography”. It was a simple but far reaching idea: Whole new areas were being ‘opened up’, either because : Regimes had fallen, governments had changed their mind – so Azerbaijan, Kazakhstan, Venezuela, Brasil, eventually Russia, opened up… or because , Technology had progressed; we could drop in huge ‘exploration 3Ds’ almost anywhere that was wet; and drillers knew they could drill in ever deeper water depths – this opened up the Deep Waters of the Gulf of Mexico, Angola, Nigeria, Egypt, Norway, West of Shetlands etc etc. Nowadays is different!http://feedproxy.google.com/~r/Oiledge/~3/aL3gJ0T5fdw/221d1ef2.aspxhttp://www.OilEdge.com/n/Exploration_How_to_find_more_oil/221d1ef2.aspxFri, 08 Jun 2012 00:00:00 GMT http://www.OilEdge.com/n/Exploration_How_to_find_more_oil/221d1ef2.aspx The emergence of East Africa as a petroleum province has been spotted by the media, especially the UK press where a headline such as “Improved technology helps to oil the wheels for East Africa” (The Times, 7 th January 2012) is but one of many.http://feedproxy.google.com/~r/Oiledge/~3/jh90r6U_hnY/bfd4b3b1.aspxhttp://www.OilEdge.com/n/Review_Is_there_any_oil_offshore_East_Africa/bfd4b3b1.aspxThu, 31 May 2012 00:00:00 GMT http://www.OilEdge.com/n/Review_Is_there_any_oil_offshore_East_Africa/bfd4b3b1.aspx