Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > News > New technology aimed at increasing oil production

July 29th, 2009

New technology aimed at increasing oil production

Abstract:
Imagine having a nice ripe orange, ready for squeezing, but being able to get out only a small amount of juice. There's got to be more, you just can't get at it.

That's the frustration of the global oil business.

The industry is spending billions on technology to increase the amount of oil it can extract from the ground. Oil companies typically recover only about one in three barrels of oil from their fields, but they can't afford to leave so much crude untapped at a time when it's difficult to access new reserves. Recovering more oil has enormous implications, not only for the companies' balance sheets but also for the world's diminishing supply.

One of the latest attempts to learn where the oil is hiding would involve injecting hundreds of millions of tiny carbon clusters deep into natural underground reservoirs, where changes to their chemical makeup would signal whether they've come across oil, water or other substances.

Nanotechnology is a promising but untested tool for discovering oil, said Albert Yost, a manager at the National Energy Technology Laboratory in Morgantown, W.Va., who is familiar with the work at Rice.

Source:
The Associated Press

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Efficiency of Nanodrug Containing Antibiotics in Treatment of Infectious Diseases Evaluated August 31st, 2015

Seeing quantum motion August 30th, 2015

Artificial leaf harnesses sunlight for efficient fuel production August 30th, 2015

Researchers use DNA 'clews' to shuttle CRISPR-Cas9 gene-editing tool into cells August 30th, 2015

Possible Futures

Sediment dwelling creatures at risk from nanoparticles in common household products August 13th, 2015

Harris & Harris Group Reports Financial Statements as of June 30, 2015, and Announces a Stock Repurchase Program August 10th, 2015

Molecular trick alters rules of attraction for non-magnetic metals August 5th, 2015

Global Carbon Nanotubes Industry 2015: Acute Market Reports August 4th, 2015

Energy

Artificial leaf harnesses sunlight for efficient fuel production August 30th, 2015

Nanocatalysts improve processes for the petrochemical industry August 28th, 2015

Nanotechnology that will impact the Security & Defense sectors to be discussed at NanoSD2015 conference August 25th, 2015

Industrial Nanotech, Inc. Provides Update On Hospital Project, PCAOB Audit, and New Heat Shield™ Line August 24th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic