Heavy oil production

Trio Petroleum Corp Announces Acquisition of a 22% Interest in the McCool Ranch Oil Field

Retrieved on: 
Wednesday, October 18, 2023
NYSE, Steam, Trio, CCS, Acquisition, Heavy oil production, Fresh water, CSS, Porosity, Lanigan, Oil, Risk management

BAKERSFIELD, CA, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today announced that it has acquired an approximate 22% working interest in the McCool Ranch Oil Field (“McCool Ranch”). McCool Ranch is located in Monterey County seven miles north of the Company’s flagship South Salinas Project. The Company is acquiring McCool Ranch through work commitment expenditures.

Key Points: 
  • BAKERSFIELD, CA, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today announced that it has acquired an approximate 22% working interest in the McCool Ranch Oil Field (“McCool Ranch”).
  • McCool Ranch is located in Monterey County seven miles north of the Company’s flagship South Salinas Project.
  • The Lanigan also contains oil at McCool Ranch and may be capable of oil production there but it currently remains a secondary target to the proven Lombardi.
  • Trio’s newly appointed CEO, Michael L Peterson, stated: “We are pleased to close this acquisition at McCool Ranch.

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.

Global Oil and Gas Magnetic Ranging Market (2020 to 2025) - Growth, Trends, and Forecasts - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 24, 2020
Oil, Gas, Energy, Petroleum, Physical sciences, Chemistry, Heavy oil production, Asphalt, Oil well, Directional drilling, Peak oil, Unconventional oil

Magnetic ranging refers to the determination of the relative position of one well with respect to other using magnetic measurements.

Key Points: 
  • Magnetic ranging refers to the determination of the relative position of one well with respect to other using magnetic measurements.
  • The depletion of easy oil is making the oil and gas industries shift towards other options like heavy oil and bitumen.
  • The production of heavy hydrocarbons requires assisted drainage, which is driving the need for magnetic ranging.
  • Although global heavy oil production witnessed a drop in 2019 to 11.6 million barrels per day, with upcoming deepwater projects, horizontal drilling and increasing CBM projects, the magnetic ranging market is expected to grow significantly.

Visiongain Report Researches Growth Opportunities Within the $20,202 Million Thermal Enhanced Oil Recovery (EOR) Market

Retrieved on: 
Friday, January 10, 2020
Petroleum, Petroleum production, Unconventional oil, Steam injection, Enhanced oil recovery, Steam-assisted gravity drainage, Oil sands, Oil recovery, EOR, Solar thermal enhanced oil recovery, Heavy oil production

LONDON, Jan. 10, 2020 /PRNewswire/ -- CAPEX & OPEX ($mn) & Production (bpd) Forecasts for Oil Sands, Heavy Oil, Steam Injection (Cyclic Steam Stimulation (CSS), Steam Flooding), Steam-Assisted Gravity Drainage (SAGD) & Other Technologies Plus Detailed Project Tables & Analysis of Leading Companies

Key Points: 
  • LONDON, Jan. 10, 2020 /PRNewswire/ -- CAPEX & OPEX ($mn) & Production (bpd) Forecasts for Oil Sands, Heavy Oil, Steam Injection (Cyclic Steam Stimulation (CSS), Steam Flooding), Steam-Assisted Gravity Drainage (SAGD) & Other Technologies Plus Detailed Project Tables & Analysis of Leading Companies
    Read on to discover how this definitive report can transform your own research and save your time.
  • This market is expected to grow at a faster pace, owing to continuous work over oil fields, rapid depletion of fossil fuels, increasing long-term demand for oil are the prime factors propelling the demand of thermal enhanced oil recovery (EOR) market globally.
  • However, factors like requirement for high capital for the exploration of oil wells, fluctuations in oil prices, environmental concerns may hamper the growth of thermal enhanced oil recovery (EOR) market.
  • To request sample pages from this report please contact Sara Peerun at [email protected] or refer to our website: https://www.visiongain.com/report/thermal-enhanced-oil-recovery-eor-mark...

Visiongain Report Researches Growth Opportunities Within the $20,202 Million Thermal Enhanced Oil Recovery (EOR) Market

Retrieved on: 
Friday, January 10, 2020
Petroleum, Petroleum production, Unconventional oil, Steam injection, Enhanced oil recovery, Steam-assisted gravity drainage, Oil sands, Oil recovery, EOR, Solar thermal enhanced oil recovery, Heavy oil production

LONDON, Jan. 10, 2020 /PRNewswire/ -- CAPEX & OPEX ($mn) & Production (bpd) Forecasts for Oil Sands, Heavy Oil, Steam Injection (Cyclic Steam Stimulation (CSS), Steam Flooding), Steam-Assisted Gravity Drainage (SAGD) & Other Technologies Plus Detailed Project Tables & Analysis of Leading Companies

Key Points: 
  • LONDON, Jan. 10, 2020 /PRNewswire/ -- CAPEX & OPEX ($mn) & Production (bpd) Forecasts for Oil Sands, Heavy Oil, Steam Injection (Cyclic Steam Stimulation (CSS), Steam Flooding), Steam-Assisted Gravity Drainage (SAGD) & Other Technologies Plus Detailed Project Tables & Analysis of Leading Companies
    Read on to discover how this definitive report can transform your own research and save your time.
  • This market is expected to grow at a faster pace, owing to continuous work over oil fields, rapid depletion of fossil fuels, increasing long-term demand for oil are the prime factors propelling the demand of thermal enhanced oil recovery (EOR) market globally.
  • However, factors like requirement for high capital for the exploration of oil wells, fluctuations in oil prices, environmental concerns may hamper the growth of thermal enhanced oil recovery (EOR) market.
  • To request sample pages from this report please contact Sara Peerun at [email protected] or refer to our website: https://www.visiongain.com/report/thermal-enhanced-oil-recovery-eor-mark...

Petroteq Achieves Milestones in Emerging International Opportunities

Retrieved on: 
Monday, August 19, 2019
Petroleum production, Petroleum, Extraction of petroleum, Permeability, Physical sciences, Water, Heavy oil production, Oil sands

The first stage of testing was undertaken by Petroteq in San Diego to determine the geophysical characteristics of the oil, such as viscosity, API, porosity and permeability.

Key Points: 
  • The first stage of testing was undertaken by Petroteq in San Diego to determine the geophysical characteristics of the oil, such as viscosity, API, porosity and permeability.
  • However, mining production may be deemed to be the most efficient process to produce this heavy oil.
  • Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction.
  • Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies.

Global Enhanced Oil Recovery Market to 2026 - Focus on Heavy Oil Reservoirs Provides Opportunities

Retrieved on: 
Thursday, January 24, 2019
Petroleum production, Petroleum industry, Petroleum, Liquids, Enhanced oil recovery, Oil recovery, Carbon dioxide flooding, Heavy oil production

Global Enhanced Oil Recovery market accounted for $22.23 billion in 2017 and is expected to reach $41.35 billion by 2026 growing at a CAGR of 7.1% during the forecast period.

Key Points: 
  • Global Enhanced Oil Recovery market accounted for $22.23 billion in 2017 and is expected to reach $41.35 billion by 2026 growing at a CAGR of 7.1% during the forecast period.
  • Enhanced oil recovery is the performance of various techniques for raising the amount of crude oil that can be extracted from an oil field.
  • There are three primary techniques for enhanced oil recovery they are thermal recovery, gas injection, and chemical injection.
  • Thermal injection technology is most widely used for enhanced oil recovery operations among the primary oil recovery and secondary oil recovery methods.