JUNEAU, Alaska (AP) — Gov. Sean Parnell’s plan to overhaul Alaska’s oil tax structure is a positive step toward improving the state’s business climate but there’s room for improvement, one of the ...
The Department of Energy has added a mere 5 million barrels to the reserve thus far this year. Buying crude been hampered by an ongoing modernization effort at the SPR dubbed Life Extension 2 program ...
Exxon Mobil Corporation reported a mixed Q4 with a trend downward due to slumping energy prices and excess production capacity. The company reported a decline in revenues and plans to ramp up ...
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Team discovers hidden structures, invisible in traditional seismic scans, that block the pumping of oil
A common problem with oil wells is that they can run dry even when sound-based measurements say there's still oil there. A team from Penn State University used Pittsburgh Supercomputing Center's ...
Oil wells often dry up far earlier than predicted, leaving companies baffled about the “missing” reserves. A Penn State team tackled this puzzle by harnessing PSC’s Bridges-2 supercomputer, adding a ...
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