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OIL AND GAS
Spain's Repsol makes major oil find in Gulf of Mexico
by Daniel J. Graeber
Houston (UPI) Oct 27, 2014


disclaimer: image is for illustration purposes only

Spanish energy company Respol said Monday it made what it said was a significant discovery of oil in the U.S. waters of the Gulf of Mexico.

The company said it ran through a 492-foot thick column of oil about 200 miles off the coast in Louisiana in the ultra-deep waters of the Gulf of Mexico. The company made the discovery in the Leon well in the Keathley Canyon 642 block.

Repsol's declaration comes less than a week after claims of a similar significant discovery of oil from U.S. energy company Chevron in the same Keathley Cameron reserve area.

"With the Leon discovery, Repsol continues to strengthen its position in the United States, which is one of the company's key strategic areas," the company said in a statement.

The BP oil spill in the Gulf of Mexico in 2010 put drilling operations in the region on hold temporarily.

Last week, the U.S. Bureau of Ocean Energy Management announced more than 40 million acres off the southern U.S. coast will go on the auction block in March as part of a five-year lease program ending in 2017.

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Waste, an alternative source of energy to petroleum
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The group led by Martin Olazar, researcher in the UPV/EHU's Department of Chemical Engineering, is studying the development of sustainable refineries where it is possible to produce fuels and raw materials providing an alternative to petroleum by using biomass and other waste materials like plastics, tyres, etc. Conical spouted beds are the key to the high energy efficiency of these refineries. ... read more


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