Sunday, 7 September 2014

Shell looks to solar power to lift oil output - FT.com

Shell looks to solar power to lift oil output - FT.com:



"In an unusual alliance of old and new energies, Royal Dutch Shell, the European oil group, and a sovereign wealth fund from Oman are leading an investment of $53m into a small solar power company that uses its renewable energy to increase crude oil production.



Glasspoint, a California company, uses rows of curved mirrors in greenhouses to turn water into steam, which is then injected into oilfields to heat heavy crude so it will flow out more easily.



The company and its backers say the technology has great potential in oil-producing areas, especially in the Middle East. Even resource-rich countries such as Oman, Kuwait and Saudi Arabia are being forced to develop more challenging heavy oilfields, and also have many competing demands for the gas that is burnt to make steam."



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