Category Archives: BP

Heavy Oil – The Future of Crude Oil is Syrup

As world production of light sweet crude oil declines, everyone is looking at “unconventional” oil sources to take up the slack.  “Unconventional” includes sources like heavy oil (warm thick goop), cold oil (cold thick goop), oil sands (thick goop mixed … Continue reading

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World’s Most Powerful Drill Rig Headed For Liberty

In order to develop the Liberty field in the Beaufort Sea, BP has commissioned Parker Drilling Company to build a powerful ultra-extended reach top drive drill rig.  To handle a nine-mile long drill string with a six-mile horizontal deviation, Parker … Continue reading

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Tapping Liberty – ERD on the North Slope

BP is in the process of setting a record for extended reach drilling (ERD) at the Liberty prospect on Alaska’s North Slope. Elizabeth Bluemink at the Anchorage Daily News has written about the Liberty prospect here. Imagine a bent straw … Continue reading

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Where Does Our Oil Come From? – An Update

Sure enough, I post the 2006 data in June, and BP comes out with their new Statistical Review of World Energy a week later.  Here’s the updated map. Here’s the percentage breakout for 2007: From Thousand barrels daily % of … Continue reading

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Where Does Our Oil Come From?

Not where you think. This graph is from the BP Statistical Review of World Energy, an annual report which is often more accurate than the federal Dept. of Energy. It’s a little hard to follow the lines and arrows, so … Continue reading

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Alaska Gas Pipeline

In a carefully choreographed announcement, ConocoPhillips and BP announced yesterday morning that they are forming a new pipeline company, Denali Pipeline, to build a natural gas pipeline from Alaska’s North Slope to Alberta. This effectively derails Governor Palin’s AGIA process … Continue reading

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Badami Shut Down for Recharge

Badami has been an underperformer from the start, and was in warm shutdown for several years. Rising crude prices and some technological tweaks are combining to make it more profitable. From Petroleum News (www.petroleumnews.com): Vol. 12, No. 34 Week of … Continue reading

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