Nanotechnology Now





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

Down to the quantum dot: Jülich researchers develop ultrahigh-resolution 3-D microscopy technique for electric fields July 7th, 2015

Miniature Technology, Large-Scale Impact: Winner of the 2015 Lindros Award for translational medicine, Kjeld Janssen is pushing the boundaries of the emerging lab-on-a-chip technology - See more at: http://www.news.ucsb.edu/2015/015744/miniature-technology-large-scale-impact#stha July 7th, 2015

Transition from 3 to 2 dimensions increases conduction, MIPT scientists discover July 6th, 2015

A Stretchy Mesh Heater for Sore Muscles July 6th, 2015

Possible Futures

BBC World Service to broadcast Forum discussion on graphene July 6th, 2015

Groundbreaking research to help control liquids at micro and nano scales July 3rd, 2015

Harris & Harris Group Portfolio Company D-Wave Systems Announces 1,000 Qubit Processor and is Discussed in the Economist June 23rd, 2015

Global Nanoclays Market Analysis, Size, Growth, Trends And Segment Forecasts, 2015 To 2022: Grand View Research, Inc June 15th, 2015

Energy

New technology using silver may hold key to electronics advances July 2nd, 2015

Visible Light-Sensitive Photocatalysts Used for Purification of Contaminated Water in Iran June 30th, 2015

June 29th, 2015

Making new materials with micro-explosions: ANU media release: Scientists have made exotic new materials by creating laser-induced micro-explosions in silicon, the common computer chip material June 29th, 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