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North Sea area could be explored after geologists dismiss volcano theory
BBC NEWS   19 February 2019   North Sea  
<p>The Rattray Volcanic Province had been thought to contain empty magma chambers, making it unsuitable for oil formation.<br />As a result, the 7,000 sq km area of the central North Sea was dismissed as a potential area for exploration.<br />But geologists ...
Filed under: Economic Geology
Data mining: How digging through big data can turn up new mineral deposits
Cosmos Magazine   02 August 2017   USA   Washington D.C.  
A lump of parisite-(La), a new mineral predicted by big data techniques and found in north-eastern Brazil. CREDIT: Luiz Menezes
<p>Mineralogy and mining are two things that often go hand-in-hand. But scientists at the Carnegie Institution for Science are mining something different – big data, and it may have a significant impact on how minerals are studied and discovered.<br><br>There ...
Filed under: Economic Geology
Russian oil major Rosneft discovers new hydrocarbon deposit on Artic shelf
Russian News Agency   18 June 2017   Russia   Laptev Sea  
<p>MOSCOW, June 18. /TASS/. Russian oil major Rosneft has discovered a new hydrocarbon deposit while drilling an exploration well in Khatanga Bay of the Laptev Sea in the east Arctic area, the company announced on Sunday.<br>The resource potential of the newly-discovered ...
Filed under: Economic Geology
Most natural gas production growth is expected to come from shale gas and tight oil plays
Source: U.S. Energy Information Administration, Annual Energy Outlook 2016
<p>The growth in total U.S. dry natural gas production projected in the Annual Energy Outlook 2016 (AEO2016) Reference case results mostly from increased development of shale gas and tight oil plays. Natural gas resources in tight sandstone and carbonate formations ...
Filed under: Economic Geology