US Department of Energy
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The loan to Arena Energy will generate an estimated 38,600 B/D in new production from 22 platforms in the Gulf.
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Operators struggle to understand proppant placement beyond the fracture, and that’s the information that could be the key to boosting EUR.
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High-risk, high-reward projects focused on stimulation, enhanced recovery, and field-scale deployment are eligible under the DOE’s new UNLOCK initiative.
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The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
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With funding opportunities improving, developers and researchers are focused on shortening project learning cycles and reducing uncertainty to attract more capital and speed deployment.
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The US Department of Energy has awarded more than $99 million to 21 projects that will advance geothermal development through field-scale testing of next-generation technologies and exploration drilling programs across the US.
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More than a dozen companies have joined the advisory board of a new US Department of Energy center dedicated to expanding geothermal energy in the US.
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The DOE-backed EGS-Twin project aims to simulate geothermal production systems, helping operators better predict performance and maximize output.
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Two new US Department of Energy funding programs focus on improving shale recovery, mitigating produced-water risks, managing sour gas, and enhancing facility efficiency.
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This work uses a novel pseudosteady-state-based simulation to reduce training-data-generation cost while maintaining high-performance predictions of data-driven proxy models for carbon-sequestration projects.
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