Grieve field starts EOR flood

Elk Petroleum Ltd. said enhanced oil recovery flooding has started at Grieve field’s carbon dioxide EOR project near Casper, Wyo. Initially water is being produced, which will be followed by oil production that is anticipated to ramp up to about 2,100 b/d by Dec. 31. Source: News

SPE IOR: Carbon dioxide is key option for carbon utilization

Enhanced oil recovery is the best option for putting carbon dioxide to commercial use, Charles D. McConnell, executive director of Rice University’s Energy and Environment Initiative, told the Society of Petroleum Engineers’ Improved Oil Recovery conference in Tulsa on Apr. 16. Source: News

Interpose Holdings acquires interest in Zimbabwe gas-condensate prospect

Interpose Holdings Ltd. (formerly Sunbird Energy Ltd.), Perth, has agreed to acquire 80% interest and operatorship of the onshore Cabora Bassa basin project in Zimbabwe via the acquisition of 100% of fellow Perth firm Invictus Energy Resources Pty. Ltd. Source: News

Statoil lets conditional LOI for drilling contract

Statoil AS has let a conditional letter of intent for a $160-million contract to Odfjell Drilling for the Deepsea Atlantic semisubmersible to drill six wells over 18 months starting in early 2019, the drilling contractor said. Source: News

Total spends $1.7 billion for controlling stake in Direct Energie

Looking to expand in the natural gas-electricity value chain, French major Total SA has agreed to acquire a 74.33% stake in French utility Direct Energie (DE) for $1.7 billion. The move will make Total the second-largest power supplier in France, after EdF. Source: News