Petroleum geology

Calibre Announces Positive Pavon Gold Mine Pre-Feasibility Study; Pavon Norte Currently in Production; Strong Exploration Potential; After-tax NPV5% at US$1,700 gold of $106 Million

Retrieved on: 
Tuesday, March 16, 2021
Drilling rig, Petroleum engineering, Petroleum geology, Pavon, Petroleum

The Pavon project represents a newly emerging gold district in Nicaragua in a region that has remained largely underexplored by modern methods.

Key Points: 
  • The Pavon project represents a newly emerging gold district in Nicaragua in a region that has remained largely underexplored by modern methods.
  • Pavon Norte and Central in combination with the Pavon South vein system also host additional inferred resources totaling 63,000 ounces of gold averaging 3.39 g/t.
  • Two diamond drill rigs are currently testing the potential for lateral and vertical extensions and to the Pavon Norte and Central vein systems.
  • Calibre Mining is a Canadian-listed gold mining and exploration company with two 100%-owned operating gold mines in Nicaragua.

Marksmen Announces Its 2021 Drilling Program with the Continuation of Its Strategic 40 Well Recomplete Program and Other Development Opportunities in Ohio, USA

Retrieved on: 
Monday, March 15, 2021
Science and technology, Well drilling, Inventions, Technology, Petroleum geology

The recompletes in this 40 well program are in wells that originally targeted a deeper zone and bypassed the Clinton Sandstone formation entirely and left it untapped.

Key Points: 
  • The recompletes in this 40 well program are in wells that originally targeted a deeper zone and bypassed the Clinton Sandstone formation entirely and left it untapped.
  • It has approximately 70 feet of pay in the Clinton Sandstone formation at a target depth of approximately 4,500 feet.
  • Once the Ryan well is completed and production tested successfully, the service rig will then move to the third location in the 40 well program.
  • This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the future drilling program and timing.

Bentley Systems Enters into ~ $1.05 Billion Agreement to Acquire Seequent, Global Leader in 3D Modeling Software for the Geosciences

Retrieved on: 
Thursday, March 11, 2021
Engineering, Technology, Other Technology, Manufacturing, Software, Other Manufacturing, Earth sciences, Petroleum geology, Academic disciplines, Economic geology, Geologic modelling, Scientific modeling, 3D imaging, 3D computer graphics, Geosoft, 3D modeling, Scientific modelling, Epistemology

Bentleys current offerings enable digital twins to incorporate whats constructed near surface, including foundations, drainage facilities, buried utilities, tunnels, and subsea structures.

Key Points: 
  • Bentleys current offerings enable digital twins to incorporate whats constructed near surface, including foundations, drainage facilities, buried utilities, tunnels, and subsea structures.
  • Seequents products include Leapfrog, its leading product for 3D geological modeling and visualization, Geosoft for 3D earth modeling and geoscience data management, and GeoStudio for geotechnical slope stability and deformation modeling.
  • Seequent is a leader in 3D modeling for geothermal energy sources, and its software and cloud services provide the important geosciences context for water resources simulations and environmental engineering.
  • Seequent is a world leader in the development of 3D geological modelling and visual data software for understanding subsurface geoscience and engineering design solutions.

Creating Carbon Fibre from Bitumen

Retrieved on: 
Wednesday, March 10, 2021
Chemistry, Physical sciences, Natural sciences, Allotropes of carbon, Synthetic fibers, Oil sands, Petroleum geology, Petroleum industry, Asphalt, Carbon fibers, Athabasca oil sands, Carbon fiber reinforced polymer

In Phase II of the Carbon Fibre Grand Challenge, teams will focus on producing larger volumes of carbon fibre with higher performance properties.

Key Points: 
  • In Phase II of the Carbon Fibre Grand Challenge, teams will focus on producing larger volumes of carbon fibre with higher performance properties.
  • The Carbon Fibre Grand Challenge is a three-phase competition that accelerates the development, and large-scale production, of carbon fibre derived from Albertas vast supply of bitumen.
  • Carbon Fibre is a real and practical alternative to traditional uses for Albertas vast bitumen reserves.
  • The Carbon Fibre Grand Challenge is directed towards funding the development of technologies that can convert Alberta oil sands asphaltenes into carbon fibre.

NERA leads oil and gas giants in collaboration to address Australia's decommissioning challenge

Retrieved on: 
Tuesday, March 9, 2021
Petroleum geology, Petroleum industry, Offshore, Underwater mining, Primary sector of the economy, Natural Resources

Federal Minister for Resources, Water and Northern Australia Keith Pitt MP today welcomed the establishment of the new decommissioning body.

Key Points: 
  • Federal Minister for Resources, Water and Northern Australia Keith Pitt MP today welcomed the establishment of the new decommissioning body.
  • We all want to ensure we have a sound regulatory framework and that the offshore oil and gas industry can manage current and future decommissioning challenges."
  • "We're looking at $50 billion of work over the next 50 years, so decommissioning represents a multi-generational challenge for Australia.
  • In 2020 NERA commissioned the first assessment of Australia's offshore decommissioning liability, produced with support and involvement from oil and gas operators.

NERA leads oil and gas giants in collaboration to address Australia's decommissioning challenge

Retrieved on: 
Tuesday, March 9, 2021
Petroleum geology, Petroleum industry, Offshore, Underwater mining, Primary sector of the economy, Natural Resources

Federal Minister for Resources, Water and Northern Australia Keith Pitt MP today welcomed the establishment of the new decommissioning body.

Key Points: 
  • Federal Minister for Resources, Water and Northern Australia Keith Pitt MP today welcomed the establishment of the new decommissioning body.
  • We all want to ensure we have a sound regulatory framework and that the offshore oil and gas industry can manage current and future decommissioning challenges."
  • "We're looking at $50 billion of work over the next 50 years, so decommissioning represents a multi-generational challenge for Australia.
  • In 2020 NERA commissioned the first assessment of Australia's offshore decommissioning liability, produced with support and involvement from oil and gas operators.

Insights on the Global Drilling Rig Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 - Technavio

Retrieved on: 
Friday, March 5, 2021
Pricing, Articles, Economy, Petroleum geology, Energy, Price of oil, Drilling rig, Petroleum, Oil well, Natural gas prices, Energy crisis

Get Free Sample Report in MINUTES

Key Points: 
  • Get Free Sample Report in MINUTES
    The growth in oil and gas demand is one of the major factors propelling the market growth.
  • However, factors such as fluctuations in global crude oil prices will hamper the market growth.
  • Based on the application, the onshore segment is expected to witness lucrative growth during the forecast period.
  • The growing demand for new-generation automated drilling rigs will significantly influence drilling rig market growth in this region.

Wheeler Resource Recovery Launches New Website to Support Investors in Secondary Oil Recovery

Retrieved on: 
Thursday, March 4, 2021
Professional services, Other Natural Resources, Oil, Gas, Energy, Finance, Natural Resources, Petroleum industry, Petroleum production, Oil recovery, Recovery, Price of oil, Energy, Petroleum politics, Peak oil, Petroleum geology

With secondary oil recovery, Wheeler Resource Recovery doesnt look for oil it goes to where the oil is.

Key Points: 
  • With secondary oil recovery, Wheeler Resource Recovery doesnt look for oil it goes to where the oil is.
  • Wheeler Resource Recovery uses its five-spot water recovery process that extracts more oil at a lower cost and lower risk than primary oil recovery, making it a low-risk, high reward way to recognize significant returns.
  • Even when oil prices are low, as we saw in 2020, secondary oil recovery is still a strong and financially viable investment option, said Kevin Thibeau, President of Wheeler Resource Recovery.
  • Wheeler Resource Recovery is a leader in secondary oil recovery and is based in Benbrook, Texas.

Drills Start Turning on Forum's Fir Island Uranium Project

Retrieved on: 
Wednesday, March 3, 2021
Drilling rig, Petroleum engineering, Petroleum geology, Petroleum

Vancouver, British Columbia--(Newsfile Corp. - March 3, 2021) - Forum Energy Metals Corp. (TSXV: FMC) ("Forum" or "Company") is pleased to announce that two diamond drill rigs have commenced drilling on its 100% owned Fir Island uranium project in northern Saskatchewan.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 3, 2021) - Forum Energy Metals Corp. (TSXV: FMC) ("Forum" or "Company") is pleased to announce that two diamond drill rigs have commenced drilling on its 100% owned Fir Island uranium project in northern Saskatchewan.
  • Previous drilling in 2015 and 2020 identified two prospective structures transecting the project, defined by gravity, resistivity, and soil sampling anomalies.
  • A series of drill fences of 2 to 3 holes each will search for shallow unconformity-style uranium mineralization (see Figure 1).
  • In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt.

Alfa Laval supplies marine pumping systems to large offshore wind farm

Retrieved on: 
Tuesday, March 2, 2021
Petroleum geology, Petroleum industry, Energy, Articles, Petroleum, Offshore engineering, Suction caisson, Pump, Alfa Laval, Offshore wind power, Framo, Saipem

LUND, Sweden, March 2, 2021 /PRNewswire/ -- Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - will supply Framo pumping systems for foundations of Scotland's largest offshore wind farm project.

Key Points: 
  • LUND, Sweden, March 2, 2021 /PRNewswire/ -- Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - will supply Framo pumping systems for foundations of Scotland's largest offshore wind farm project.
  • The order from Saipem, a global leader in engineering, drilling and construction in the energy and infrastructure sectors, comprises Alfa Laval Framo pumping systems.
  • They will be used in a so-called suction bucket technology in the installation of Seagreen, Scotland's largest offshore wind park.
  • Framo pumping systems' suction (vacuum) technology will secure and safely anchor the wind turbine platforms to the seabed.