Oil is still our largest energy provider. And while fossil fuels predominate, renewables have a long way to go before they can make a considerable impact.
Shortly after midnight on 24 March 1989, the Exxon Valdez supertanker ran aground on Bligh Reef in Alaska’s Prince William Sound. More than 250,000 barrels of oil were lost.
There is no doubt: oil and gas will remain the preferred energy source for years to come, according to Exxon Mobil’s comprehensive review of energy demands in the next 30 years.
The first of the Geocontroversies debates held at the Petroleum Geology Conference in London earlier this year brought up some interesting arguments and ideas around the concept of ‘Peak Oil’.
Ivar A Sandø, Ola-Petter Munkvold and Rigmor Elde, StatoilHydro
Building on ongoing IOR research efforts, StatoilHydro aims to be a leading company in quantitative integration of 4D data in reservoir modelling in order to meet challenges in the most complex reservoirs.
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