Tag Archives: Oil and Gas

Business Monitor International Reveals Risks Of Unconventional Oil Going Global

Business Monitor International (BMI) has published its latest study; ‘Technological Innovations Transform the Global Oil Market’. This comprehensive assessment seeks to address the key discussion points over the past decade. These include the rise and increasing assertiveness of NOCs, the geopolitical implications of the locations of major oil reserves and of course, the overarching issue of the security of supply of the industrialised world vis a vis the increasing demands from emerging markets.

Unconventional oil exploration has the potential to change the dynamics governing the entire market. Business Monitor International anticipates the successes recorded in North America and more recently Argentina with shale oil, exploration to catalyse the adoption of new technology for players across the world in the coming years.

With investment and R&D rapidly breaching technological barriers in shale oil, Business Monitor International predicts environmental legislation as being the main factor in determining the levels of global unconventional oil production. Alternatively, the costs and technical difficulties still associated with shale oil, will result in low volumes over the next decade.

Oil extraction technology is being pushed to its limits, which in turn has catalysed new technological innovations that seek to turn unrecoverable resources-in place to commercially viable reserves. Shale oil (aka tight oil) and oil shale now represent the next frontier for unconventional oil E&P.

BMI’s portfolio of products provides comprehensive analysis across oil and gas industries which enable global investors, emerging market strategists and decision-makers across the corporate spectrum to assess and evaluate global political and economic risks and aid strategic planning activities over the short, medium and long term.

About Business Monitor International:
Business Monitor International established in 1984 with headquarters in London is recognised as a leading independent source for analysis and forecasts on Country Risk and Industry Analysis, spanning 175 countries. BMI provides research to multinational corporations, banks, funds, research centres and governments in 140 countries around the world, including more than 400 of the Fortune Global 500 companies.

Via EPR Network
More Energy press releases

DonRay Petroleum, LLC Announces Completion of the DRP Grace I-36 Well

DonRay Petroleum, LLC, a privately held oil and gas company located in Oklahoma City, today announced the completion of the DRP Grace I-36 Joint Venture well in Noble, County Okla for the month of June 2010.

According to Ray Corbitt, Jr., president and joint venture manager of DonRay Petroleum, LLC, the well has been producing for only about 10 days so far.

“So far, it is averaging approximately 20 barrels of oil a day and 26,000 cubic feet of gas per day,” said Corbitt. “We will continue to monitor it closely to track results.”

About DonRay Petroleum, LLC
DonRay Petroluem, LLC is a privately held company that engages in Joint Ventures with private investors for the purpose of oil and gas exploration, production, operating and return on investment.

Via EPR Network
More Energy press releases

Space Time Insight’s New Geospatial Composite Solution For The Oil And Gas Industry Is Purpose-Built To Help Oil And Gas Executives And Operations Teams To Get Every Drop Of Value From Each Asset

Oil & gas companies have mobile and stationary assets distributed across thousands of square miles – and have immense volumes of with data on every aspect of their business growing by the hour. Composite applications f r o m Space-Time Insight (www.spacetimeinsight.com) leverage oil and gas companies’ prior investments in technology to deliver real-time, comprehensive situational awareness all on one screen – and the ability to take action f r o m the same screen. This helps oil and gas companies realize their vision of managing operations in real-time and on-demand. Oil and gas companies that do manage their operations in real-time and on demand can dramatically increase field productivity, decrease operating costs, and increase average production rates.

Space-Time Insight CEO, Mark L. Feldman, PhD, predicts, “Using geospatial composites f r o m Space-Time Insight, oil and gas companies will be able to realize the same dramatic benefits our customers in other industries have already experienced: improved asset performance, reduced costs, and decreased downtime, increased profit margins and the ability to prevent crises f r o m turning into catastrophes.”

The Space-Time Insight solution for the oil and gas industry is available now and includes the Space-Time Asset Composite and Space-Time Crisis Composite, tailored for the oil & gas industry.

For more information on the solution, to see a recorded product demonstration, or read a white paper about how Space-Time Insight delivers benefits to the oil & gas industry, visit www.spacetimeinsight.com.

Space-Time Insight composite applications for the oil and gas industry automatically integrate features and data f r o m geographic information systems (GIS), real-time weather, data feeds, real-time environmental and equipment sensor data feeds, and data f r o m enterprise systems for asset management (EAM), production forecasting, field engineer scheduling and dispatch, cost analysis, environmental, health, and safety (EHS), and compliance, and inventory systems. Composite features include visual environmental impact indexing and features enabling condition-based and proactive maintenance. Benefits include the ability to prevent minimize downtime, prevent or proactively mitigate leaks and spills, and increase production rates through improved asset performance.

About Space-Time Insight:
Space-Time Insight products deliver intuitive, geospatial-temporal visualizations, contextual real-time analytics, condition-based alerts, remedial action schemes, and workflow links that enable accelerated, geo-aware responses – f r o m a single screen.

Via EPR Network
More Energy press releases