Renewable Energy: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

GlassPoint Got Platts Global Energy Commercial Tech

Source: www.gulfoilandgas.com 12/8/2011, Location: North America

Share |

GlassPoint Solar, the leader in solar enhanced oil recovery, has received the Platts Global Energy Commercial Technology of the Year award. Open to commercially applied innovation, GlassPoint’s solar enhanced oil recovery (EOR) solution was selected for its practicality, reliability and overall commercial success.

“In the past year, we’ve brought solar EOR from concept to commercial reality. Now, we’re actively scaling worldwide from California to the Middle East”

“In the past year, we’ve brought solar EOR from concept to commercial reality. Now, we’re actively scaling worldwide from California to the Middle East,” said Rod MacGregor, GlassPoint CEO and President. “Platts’ acknowledgement validates our technology and the impact solar generated steam will have on future oil production.”

MacGregor was presented with the award last week in New York at the Platts’ Global Energy Award ceremony among 500 international energy professionals. In its thirteenth year, the annual Platts Global Energy Awards honor the energy industry's “Best of the Best,” showcasing extraordinary accomplishments by energy businesses and individuals worldwide. More than 200 nominations were received for this year’s awards program in 19 performance categories. Other 2011 recipients include Royal Dutch Shell, Chesapeake Energy and Dow Chemical.

The world’s major oil producing regions are increasingly turning to EOR to economically recover more from oil maturing fields. The most popular form of EOR is thermal EOR, a technique in which high-pressure steam is injected into an oil well so that more oil can be pumped to the surface. The steam required for thermal EOR operations is obtained by burning large quantities of natural gas. GlassPoint’s steam generators reduce thermal EOR gas consumption by up to 80 percent. In addition to reducing the cost of heavy oil production, gas that would otherwise have been used for EOR can be applied to higher value applications, such as power generation, desalination and export.

GlassPoint’s proprietary Single Transit TroughTM (STT) technology produces solar steam at a lower cost than steam produced by burning natural gas. The STT design places the solar array inside a glass enclosure, protecting it from the dust, sand and humidity commonly found in oil producing regions.

In February, GlassPoint began operation of the world’s first commercial solar EOR project with Berry Petroleum in Southern California. In August, the company announced the award of a contract to build a 7MW solar EOR facility for PDO (a joint venture between Shell, Total and the Sultanate of Oman).

Renewable Energy News in United States >>

US Product Market in April 2014
United States >>  4/17/2014 - US gasoline demand stood at around 8.8 mb/d in March, around 470 tb/d higher than the previous month and up by 180 tb/d from the same month a year ear...
US Oil Trade in April 2014
United States >>  4/16/2014 - Preliminary data for March shows that US crude oil imports dropped by 108 tb/d from the previous month to average 7.26 mb/d on an annual basis, reflec...

RigNet & CPN Introduce New SCADA Solution for Oilfield Service
United States >>  4/14/2014 - RigNet, Inc., a leading global provider of managed communications solutions to the oil and gas industry and CPN Satellite Services announced the intro...
Emerson Introduces New Daniel Gas & Liquid Ultrasonic Meters
United States >>  4/10/2014 - Emerson Process Management has introduced new Daniel™ multi-path gas and liquid ultrasonic meters that feature a next-generation electronics platform....

US Oil Trade in March 2014
United States >>  4/7/2014 - Preliminary data for February shows that US crude oil imports declined by 91 tb/d or 1% from the previous month to average 7.4 mb/d. This reflects an ...
Americas Oil Demand in March 2014
United States >>  4/3/2014 - The latest US monthly data for December 2013 shows a substantial increase in oil demand growth y-o-y, with data almost matching the exceptional growth...



Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 |


More News

Oil & Gas Companies in United States >>

Related Links

Countries Quick Links

CA US
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us