Denton; Texas oil town makes history, voters say no to fracking...

Written by Suzanne Goldenberg, US environment correspondent . Posted in Enhanced Energy Recovery & Oil Industry Blog

Following our previous news item on the controversy around fracking in Denton Texas, we report a historical new development:
 
Denton Texas; theguardian.com,
 
The EER oil news blog reported in July about the rising groundswell of popular discontent with hydraulic fracturing. Tuesday's local referendum in Denton gave substance to that groundswell with the anti fracking position attaining 59% of the primary vote of Denton constituents. 
 

Baker Hughes to disclose fracking chemicals

Written by JONATHAN FAHEY. Posted in Enhanced Energy Recovery & Oil Industry Blog

October 2, 2014

JONATHAN FAHEY, AP Energy Writer

0NEW YORK (AP) — The drilling services company Baker Hughes on Wednesday implemented a policy of disclosing all of the chemicals used in its fracking operations.

fracking

Environmental groups and local communities have for years been pushing for full disclosure of the chemicals used in hydraulic fracturing, a drilling technique also known as fracking.


In response, the oil and gas industry set up an online database that lists many of the chemicals, but held back crucial information on certain chemicals and the amounts used on the grounds that it would provide competitors with trade secrets.


Baker Hughes said that starting Wednesday it will not withhold any information on those grounds. It first announced the policy earlier this year.


"Introducing greater transparency about the chemicals used in the hydraulic fracturing process and protecting the ability to innovate are not conflicting goals,"  said Derek Mathieson, Baker Hughes chief strategy officer, in a statement.


The company says that for every fracturing job performed by the company it will disclose a list of all the chemical constituents of the products used and their maximum concentrations through the industry-maintained website fracfocus.org.


Mark Brownstein, chief counsel for the US energy and climate program at Environmental Defense Fund, which has been calling for greater disclosure, applauded the move.


"The only way the oil and gas industry can earn the public trust is by being transparent with the public in terms of the chemicals they use, the environmental impacts they have and the steps that they take to minimize those risks," Brownstein said.

 

Enhanced Oil Recovery (EOR) Market is Expected to Reach USD 516.7 Billion Globally by 2023

Written by PRNewswire. Posted in Enhanced Energy Recovery & Oil Industry Blog

 Transparency Market Research ALBANY, New York, April 24, 2014 . PRNewswire.


Transparency Market Research has released a new market report titled "Enhanced Oil Recovery (EOR) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023," that defines and segments the enhanced oil recovery market with analysis and forecast of the global volume and revenues. This report observes that the revenue of enhanced oil recovery technology was USD 38.1 billion in 2012 and is expected to reach USD 516.7 billion by 2023 and is anticipated to grow at a CAGR of 26.7% between 2013 to 2023.

Browse Global Enhanced Oil Recovery (EOR) Market Report with Full TOC at

http://www.transparencymarketresearch.com/enhanced-oil-recovery.html

Key enhanced oil recovery methods analyzed in this study include thermal injection, gas injection and chemical injection. Thermal injection was the largest technology by volume and accounted for about 51.5% of the market share in 2012. This is a mature segment and is expected to show decline as compare to the other technologies. Gas EOR technology is expected to rise by 0.1%, accounting for 38.5% in 2023. Chemical EOR technology is expected to rise from 10.03% in 2012 to 29.71% in 2023. North America dominated the global market for enhanced oil recovery in 2012. With over 38.9% global market share in terms of volume, the North America is the leading market in enhanced oil recovery. This is mainly attributed to the huge demand from the U.S., Canada and Mexico. RoW accounted for about 30.9% of the total volume share in 2012. Europe and Rest of the World (RoW) are expected to exhibit the highest growth rate over the forecast period considering upcoming EOR projects in Russia, UK and Middle East. Europe is a lucrative market for commercial development and expansions and is expected to rise from 9.5% to 13.1% between 2013 and 2023.

In the year 2012, Asia Pacific accounted for 20.7% of the global enhanced oil recovery market but it is expected to show a decline as China is the only country with maximum EOR projects in the Asia Pacific region. The global enhanced oil recovery market has witnessed significant growth during the recent past.


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