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For Statoil, Halliburton will develop advanced systems to recover oil from aging fields in the North Sea.
FORBES: Mr. Outside saves the day
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Declining supply in the North Sea has been a problem for years, given aging oil fields and infrastructure there.
WSJ: Brent Benchmark Is Skewed by Crude Measure
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Apache's employees are old pros at wringing more oil out of aging oilfields.
FORBES: Dry powder
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Like biblical gleaners extracting more wheat from long-tilled acreage, Duroc-Danner is revitalizing oil flows from aging fields once thought to be largely tapped out.
FORBES: Oil Gleaners
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Jessica Wu, a Los Angeles dermatologist and author of "Feed Your Face, " a book about nutrition and food-based topical treatments for skin, says "there is very little in the way of clinical trials" showing the anti-aging benefits of grapeseed oil.
WSJ: An Oil's Promises, From Cooking to Cosmetics
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It can take a dozen smaller and more complicated oil fields to replace the production from a single aging giant like Cantarell.
FORBES: Magazine Article
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Big Oil is finding that to make up for declining production from aging megafields they have to drill ever more holes into ever smaller reservoirs.
FORBES: Magazine Article
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McClung asked a cosmetics lab to whip up a rub made from the oil and aloe vera, which he started selling to his aging, aching restaurant customers in sterilized ketchup bottles in 1998.
FORBES: Marketing
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"Oil companies need to drill many more wells to replace production from aging, giant fields, " says Honeybourne.
FORBES: First Reserve Bets On Abbot
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But just as WTI has frailties to reduce bottlenecks to keep oil flowing internationally, the North Sea is splintered with creaking and aging infrastructure.
FORBES: Why China Will Stop U.S. Energy Independence
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An aging refinery infrastructure, increased domestic gasoline consumption, unexpected distribution disruptions and dwindling oil and gasoline reserves have pushed the U.S. to the edge.
CENTERFORSECURITYPOLICY: Energy Squeeze