Hydrates updated
Posted by Luis de Sousa on April 17, 2008 - 12:00am in The Oil Drum: Europe
Topic: Geology/Exploration
Tags: gas hydrates, Jean Laherrère, methane hydrates [list all tags]
Clarification on Carioca (reported discovery in Santos Basin)
Posted by Luis de Sousa on April 16, 2008 - 1:30am in The Oil Drum: Europe
Topic: Geology/Exploration
Tags: carioca, exploration, offshore, petrobras, pre-salt, santos basin, tupi [list all tags]
[Update: The Brasilian press is reporting wide criticism to Haroldo Lima who at the moment is denying he announced the find: “I haven't announced anything, nor did I used that word [anoucement] at any moment.” (hat tip Carolus Obscurus).]
Reuters reported yesterday:
Haroldo Lima told reporters the find, known as Carioca, could contain 33 billion barrels of oil equivalent, five times the recent giant Tupi discovery. That would further boost Brazil's prospects as an important world oil province and the source of new crude in the Americas.
"It could be the world's biggest discovery in the past 30 years, and the world's third-biggest currently active field," Lima, head of the government's oil and fuel market regulator, told reporters at an industry event in Rio de Janeiro.
APPEA 2008 Conference Update
Posted by Big Gav on April 7, 2008 - 6:30pm in TOD: Australia/New Zealand
Topic: Geology/Exploration
Tags: appea, australia [list all tags]
The APPEA 2008 Conference is on in Perth this week - this is a roundup of the press commentary today (or yesterday, by the time you are likely to read it).
ABC - More than 2,000 oil and gas experts gather in Perth
Representatives of the oil and gas industry will discuss ways to tackle the challenges of reducing greenhouse gas emissions, making workplaces safer and addressing the skills shortage at a conference in Perth today. More than 2,000 people associated with the oil and gas industry are meeting to discuss new demands and challenges facing the industry in Australia and overseas.
The Australian Petroleum Production and Exploration Association (APPE) expects world energy demand to increase by 40 per cent by 2030. The chief executive of APPE, Belinda Robinson, says the industry needs to devise ways to meet the growing energy demand while still achieving reductions in greenhouse gas emissions. "If we can triple our LNG production on the basis that most of that goes to the Asia Pacific region we will be helping the Asia Pacific region reduce its greenhouse footprint," she said.
Arctic Oil and Gas Ultimates
Posted by Luis de Sousa on March 11, 2008 - 11:00am in The Oil Drum: Europe
Topic: Geology/Exploration
Tags: alaska north slope, anwr, arctic gas, arctic oil, Mackenzie delta, north america, norway, NPRA, russia, usgs [list all tags]
Shedding Light on the Question of Reserves Growth
Posted by Phil Hart on December 7, 2007 - 11:30am in TOD: Australia/New Zealand
Topic: Geology/Exploration
Tags: reserves, reserves growth [list all tags]

USGS World Petroleum Assessment
In 2000, the United States Geological Survey issued its World Petroleum Assessment, covering the thirty year period 1995-2025 (Table 1). The resource estimates from this study are widely quoted to support the argument that oil production can continue to expand. (Comments now open!)
Tupi, the new kid in town
Posted by Luis de Sousa on November 22, 2007 - 11:00am in The Oil Drum: Europe
Topic: Geology/Exploration
Tags: exploration, Jack 2, offshore, petrobras, pre-salt, tupi [list all tags]
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On the morning of November 12th a friend called me saying that the largest oil field in the world had just been found off Brasil. I then explained to him what the largest oil field in the world was like, and how implausible that information was. In fact since the late hours of the previous day the media was reporting “the largest world oil find in the last 20 years". Once again our energy problems were over, goodbye 90 dollar oil and so on. Déja vu? Didn't this all happen last year with the Jack field in the Gulf of Mexico? |
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A few more thoughts on Saudi and HL
Posted by Luis de Sousa on October 22, 2007 - 8:50am in The Oil Drum: Europe
Topic: Geology/Exploration
Tags: hubbert linearization, reserves, saudi arabia, urr [list all tags]
There has been some discussion about how to apply the Hubbert Linearization (HL) to Saudi historical production in recent weeks at TOD. Trying not to fall into redundancy, let me have some loose thoughts on these models:

Three alternative Logistic models for Saudi production. Click for large version.
Duncan Clarke Responds to David Strahan
Posted by Chris Vernon on September 3, 2007 - 5:00pm in The Oil Drum: Europe
Topic: Geology/Exploration
Tags: David Strahan, Duncan Clarke [list all tags]

The Last Oil Shock and The Battle For Barrels
Last month David Strahan published an open letter to Duncan Clarke, which we discussed here. Duncan Clark has been good enough to respond to Strahan with an open letter we are able to publish today. Full text below the fold.
Open Letter to Duncan Clarke
Posted by Chris Vernon on August 16, 2007 - 9:58am in The Oil Drum: Europe
Topic: Geology/Exploration
Tags: David Strahan, Duncan Clarke [list all tags]

The Last Oil Shock and The Battle For Barrels
David Strahan has today published an open letter to Duncan Clarke, full text below the fold.
COAL - The Roundup
Posted by Chris Vernon on July 12, 2007 - 1:45am in The Oil Drum: Europe
Topic: Geology/Exploration
Tags: coal [list all tags]

Photo by Tim Ellis (cc)
Thanks to Douglas Low of The Oil Depletion Analysis Centre (ODAC) for his assistance compiling this roundup.



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