Oil recovery

Global Chemical Enhanced Oil Recovery (EOR / IOR) Market to Reach $1 Billion by 2026

Retrieved on: 
Tuesday, July 13, 2021
Petroleum production, Petroleum, Unconventional oil, Enhanced oil recovery, Liquids, Residual oil, Oil recovery, EOR, Heavy oil production, Carbon dioxide flooding

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Key Points: 
  • Preview Registry
    With large quantities of oil deposits remaining un-extracted through the use of conventional oil recovery approaches, chemical enhanced oil recovery (EOR) has emerged as an efficient technique to recover residual oil and bypassed oil in the reservoir.
  • Enhanced Oil Recovery (EOR), also known as improved oil recovery or tertiary recovery, refers to the process in which crude oil is extracted from an oil field where extraction is no longer possible using conventional methods.
  • Enhanced oil recovery (EOR/IOR) is a technique for increasing the amount of crude oil that can be extracted from an oil field.
  • Global Chemical Enhanced Oil Recovery (EOR / IOR) market is projected to register moderate growth over the near-to-long term.

Worldwide Thermal Enhanced Oil Recovery Industry to 2030 - Featuring Suncor, Imperial Oil and Chevron Among Others - ResearchAndMarkets.com

Retrieved on: 
Monday, June 14, 2021
Oil, Gas, Energy, Petroleum production, Enhanced oil recovery, Oil recovery, Chemistry, Peak oil, Nature, Physical sciences, Petroleum

Moreover, technological development and depleting levels of fossil fuels are expected to promote the growth of thermal enhanced oil recovery market.

Key Points: 
  • Moreover, technological development and depleting levels of fossil fuels are expected to promote the growth of thermal enhanced oil recovery market.
  • However, fluctuation in oil prices and environmental impacts are expected to hinder the growth of thermal enhanced oil recovery market.
  • Moreover, technological advancements coupled with presence of developed infrastructures are expected to fuel the growth of thermal enhanced oil recovery market.
  • Moreover, presence of large population and several oil wells across the region are also expected to promote the growth of thermal enhanced oil recovery market.

Principal Solar Places Initial Equipment Order with Tokata Oil Recovery Systems

Retrieved on: 
Thursday, March 11, 2021
Indonesian mythology, North Maluku, O Tokata, Oil recovery, Tors

Initial Purchase Order with Payment for Machines Intended to be Deployed on Fields Currently in Discussion; Principal Launches First Version of Corporate Website

Key Points: 
  • Dallas, Texas--(Newsfile Corp. - March 11, 2021) - Principal Solar, Inc. (OTC Pink: PSWW) ("Principal" or "the Company"), a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that the Company has placed its initial order for the purchase of TORS equipment from Tokata Oil Recovery Systems.
  • "Our initial purchase order and payment for three of Tokata's innovative TORS machines demonstrates our commitment to Tokata as well as our belief in the company, its people, and its technology," said K. Bryce "Rick" Toussaint, MBA, CPA, Chairman and CEO of PSSW.
  • "Additionally, in the near future we anticipate fulfilling the balance of the financial terms of our annual licensing commitment to Tokata."
  • Principal Solar is currently in discussions with private lease holders who possess oil fields in Oklahoma containing wells that may fit the profiles necessary for successful TORS deployment and petroleum recovery.

Principal Solar's New Management Announces Strategic Restructuring

Retrieved on: 
Tuesday, March 9, 2021
Petroleum production, Oil recovery, Petroleum, Enhanced oil recovery, Chemistry, Physical sciences, Nature

New Structure Includes the Creation of Specific Divisions to Capitalize Both on Hydrocarbon Extraction Opportunities and Renewable Energy Technology Licensing Opportunities

Key Points: 
  • "Through our Bayou Road Investments subsidiary, the Company holds a license to the Tokata Oil Recovery System ('TORS'), an innovative and cost-effective new 'green' tertiary oil recovery technology.
  • Principal intends that its Board Approved second subsidiary (specific details TBD) will be co-managed with Lazy Jacks Petroleum, LLC ("Lazy Jacks").
  • A veteran of the petroleum industry, Mr. Lerner is a graduate of Dartmouth College with degrees in Geology and Physics.
  • Principal Solar is a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

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.

Laredo Oil Purchases Stranded Oil Resources Corp.

Retrieved on: 
Tuesday, January 5, 2021
Laredo, Texas, Laredo–Nuevo Laredo, OTC Bulletin Board, Oil recovery, Alleghany Corporation, Companies, Economy of New York City, Political geography

AUSTIN, Texas, Jan. 5, 2021 /PRNewswire/ --Laredo Oil, Inc. ("Laredo Oil") (OTCBB: LRDC)announced today that it acquired 100% of the stock of Stranded Oil Resources Corporation ("SORC"), a direct, wholly-owned subsidiary of Alleghany Corporation, in a transaction that closed on December 31, 2020.

Key Points: 
  • AUSTIN, Texas, Jan. 5, 2021 /PRNewswire/ --Laredo Oil, Inc. ("Laredo Oil") (OTCBB: LRDC)announced today that it acquired 100% of the stock of Stranded Oil Resources Corporation ("SORC"), a direct, wholly-owned subsidiary of Alleghany Corporation, in a transaction that closed on December 31, 2020.
  • With this acquisition of SORC, Laredo now has exclusive rights to utilize that technology on its own assets and those of operators worldwide," said Mark See, Chairman and CEO of Laredo Oil.
  • Laredo Oil, Inc. ( www.laredo-oil.com ) is an E&P company that owns, develops and operates oil fields to increase recovery through the use of proprietary enhanced oil recovery methods.
  • The common stock of Laredo Oil is listed on the OTC Bulletin Board under the symbol, "LRDC".

$59.4 Billion Enhanced Oil Recovery Market: Schlumberger, Baker Hughes Co, Royal Dutch Shell and BP Dominate - Global Forecast to 2025 - ResearchAndMarkets.com

Retrieved on: 
Friday, November 20, 2020
Petroleum production, Petroleum industry, Industries, Oil recovery, Enhanced oil recovery, Schlumberger, Oil companies, Royal Dutch Shell

The enhanced oil recovery market is projected to reach USD 59.4 billion by 2025 from an estimated USD 43.3 billion in 2020, at a CAGR of 6.5% during the forecast period.

Key Points: 
  • The enhanced oil recovery market is projected to reach USD 59.4 billion by 2025 from an estimated USD 43.3 billion in 2020, at a CAGR of 6.5% during the forecast period.
  • Rising production from the existing oil & gas reserves as well as depleting reserves has driven the enhanced oil recovery market growth.
  • North America is expected to dominate the global enhanced oil recovery market between 2020 and 2025.
  • The leading players in the enhanced oil recovery market are Schlumberger (US), Baker Hughes Company (US), Royal Dutch Shell Plc (Netherlands), and BP Plc (UK).

Global Chemical Enhanced Oil Recovery Market (2019 to 2026) - Size, Share, Outlook and COVID-19 Strategies - ResearchAndMarkets.com

Retrieved on: 
Thursday, September 17, 2020
Oil, Gas, Manufacturing, Energy, Other Energy, Chemicals, Plastics, Petroleum production, Petroleum industry, Oil recovery, Enhanced oil recovery

The trends underpinning the profitability of Chemical Enhanced Oil Recovery companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Chemical Enhanced Oil Recovery industry trends.

Key Points: 
  • The trends underpinning the profitability of Chemical Enhanced Oil Recovery companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Chemical Enhanced Oil Recovery industry trends.
  • To assist Chemical Enhanced Oil Recovery manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Chemical Enhanced Oil Recovery market size, share, opportunities, and outlook to 2026.
  • It presents the strategies being adopted by leading Chemical Enhanced Oil Recovery companies, emerging market trends, Chemical Enhanced Oil Recovery market drivers, challenges, and potential opportunities to 2026.
  • Further, Chemical Enhanced Oil Recovery market revenue and market shares in global industry are forecast across different types of Chemical Enhanced Oil Recovery, applications, and end-user segments of Chemical Enhanced Oil Recovery and across 18 countries.

Enhanced Oil Recovery Market Worth $59.4 billion by 2025 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, August 10, 2020
Petroleum production, Petroleum geology, Chemistry, Unconventional oil, Oil sands, Petroleum industry, Enhanced oil recovery, Petroleum, Oil recovery, Peak oil, Steam-assisted gravity drainage

The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the Enhanced Oil Recovery Market, globally.

Key Points: 
  • The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the Enhanced Oil Recovery Market, globally.
  • Technological developments in advancements in shale oil & gas reserve development, production from oil sand, and deep-water drilling have led oil & gas production across regions, which creates opportunities for growth of the market.
  • The thermal EOR segment is expected to dominate the Enhanced Oil Recovery Market, by technology, during the forecast period.
  • Itis mainly used in heavy oil reservoirs to recover several billion barrels of heavy crude oil.

Enhanced Oil Recovery Market Worth $59.4 billion by 2025 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, August 10, 2020
Petroleum production, Petroleum geology, Chemistry, Unconventional oil, Oil sands, Petroleum industry, Enhanced oil recovery, Petroleum, Oil recovery, Peak oil, Steam-assisted gravity drainage

The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the Enhanced Oil Recovery Market, globally.

Key Points: 
  • The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the Enhanced Oil Recovery Market, globally.
  • Technological developments in advancements in shale oil & gas reserve development, production from oil sand, and deep-water drilling have led oil & gas production across regions, which creates opportunities for growth of the market.
  • The thermal EOR segment is expected to dominate the Enhanced Oil Recovery Market, by technology, during the forecast period.
  • Itis mainly used in heavy oil reservoirs to recover several billion barrels of heavy crude oil.