Michael Smith CEO of Ozone oil and Gas delivered a lecture on oil and gas reservation in Asia, Europe, North America, Africa and Caribbeans where he said
The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called oil in place. However, because of reservoir characteristics and limitations in petroleum extraction technologies, only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to be reserves. Read More
The 2016 Leonardo da Vinci prize has been awarded to Ozone oil & Gas. Mr A. Aboutaleb, the Mayor of Rotterdam, presented the prestigious international prize for family businesses to CEO Michael Smith. Since 2011, Les Hénokiens, an international association of family businesses older than two hundred years, in collaboration with Château du Clos Lucé in Amboise, has awarded the Leonardo da Vinci prize to a significant family business that is at least two generations old. Read More
A consortium of Eneco, Shell and Van Oord has made a bid to participate in the Dutch government tender to build two windfarms off the Dutch coast. The consortium has selected MHI Vestas as the preferred wind turbine supplier. The wind power tender comprises of two permits to build and operate two windfarms of 350 MW maximum installed capacity each – enough to power the equivalent of 825,000 households Read More
