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Blobrana


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Libra exploratory well
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A newly-tapped oil field off the coast of Brazil could contain up to 15 billion barrels of oil, officials say.
Brazil's national petroleum agency said the Libra field most probably held around 8 billion barrels.
That matches the size of the giant Tupi oil field, whose discovery in 2007 drew attention to Brazil's potential as a major oil producer.
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Blobrana


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Toroa well
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Shares in Falkland Oil & Gas (FOGL) have fallen sharply after the company said it would give up on one of its oil wells, not far off the coast of the South Falklands.
It started drilling the Toroa well at the end of May.
Despite its optimism at the time, it now says it there are no hydrocarbons there and it will plug the well.
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Blobrana


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RE: oil fields
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Largest oil spills

An oil spill is an unintentional release of a liquid petroleum  hydrocarbon  into the environment due to human activity, and is a form of pollution. The term often refers to marine oil spills, where oil is released into the ocean or coastal waters. Oil spills include releases of crude oil from tankers, offshore platforms, drilling rigs and wells, as well as spills of refined petroleum products (such as gasoline, diesel) and their by-products, and heavier fuels used by large ships such as bunker fuel, or the spill of any oily refuse or waste oil. Spills may take months or even years to clean up.
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Blobrana


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Posts: 131433
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Oil fields
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Oil around the Falklands lies within Jurassic or Triassic layers under the seabed, dating back more than 145 million years. These are deeper than most of the worlds offshore discoveries, according to New York-based Bernstein Research, an investment research company.
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Blobrana


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Gas field
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McMoRan Exploration Co and its partner Energy XXI Ltd unveiled a gas discovery in the shallow waters of the Gulf of Mexico, sending their shares soaring and rekindling excitement about the region's potential as a major energy source.
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Blobrana


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Shale gas
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ConocoPhillips, the third-largest U.S. oil major, said on Wednesday it has signed an exploration and evaluation deal targeting shale gas in Poland.
The agreement with Lane Energy gives ConocoPhillips the option to earn 70 percent and operate up to 1 million acres, Larry Archibald, the company's vice president of exploration, told the Barclays Capital energy conference in remarks broadcast on the Internet.

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Blobrana


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Posts: 131433
Date:
Gas field
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President Hugo Chavez has announced the discovery of a vast gas field off the coast of Venezuela.
The find - estimated at 7 to 8 trillion cubic feet, about five times what Spain uses in a year - was made with the Spanish energy company Repsol.

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Blobrana


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Posts: 131433
Date:
Oil fields
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BP announced today a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico.
The well, located in Keathley Canyon block 102, approximately 400 kilometres south east of Houston, is in 1,259 metres of water. The Tiber well was drilled to a total depth of approximately 10,685 metres making it one of the deepest wells ever drilled by the oil and gas industry. The well found oil in multiple Lower Tertiary reservoirs. Appraisal will be required to determine the size and commerciality of the discovery.

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Blobrana


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Is there more oil deep within the earth?
Scientists have found that petroleum can be formed under the very high pressure and temperature conditions found deep within the earth. The finding potentially multiplies underground oil deposits manifold.
The oil and gas that fuel our homes and cars started out as living organisms that died, were compressed, and heated under heavy layers of sediments in the earth's crust. Scientists have debated for years whether some of these hydrocarbons could also have been created deeper in the earth and formed without organic matter.
Now scientists from Carnegie Institution's Geophysical Lab have found that ethane and heavier hydrocarbons can be synthesised under the pressure-temperature conditions of the upper mantle - the layer of earth under the crust and on top of the core.

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Blobrana


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The Alfred P. Sloan Foundation has awarded the Carnegie Institution a $4 million grant over three years to initiate the Deep Carbon Observatory -- an international, decade-long project to investigate the nature of carbon in Earth's deep interior. Headquartered at the institutions Geophysical Laboratory, the Deep Carbon Observatory will coordinate the efforts of hundreds of researchers from more than two dozen countries. Their multi-disciplinary research will focus on Earths poorly understood deep carbon cycle, including the largely unknown role of deep biology and the possible influences of this cycle on critical societal concerns related to energy, environment and climate.

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