Petroleum industry

Conducting Business Ethically Founded in 1919, by Erie P. Halliburton, Halliburton is one of the world’s largest providers of products and services to the global oil and gas industry. It employs more than 75,000 people, representing 140 nationalities operating in over 80 countries. Halliburton has been a renowned name in the oil industry for over 95 years. A business like Halliburton are leaders in innovation and technology. It’s one of the most successful companies of its kind boasting revenues…

different purposes, which, in turn, made profits go up. A combustion engine was also being put to use that required gasoline, which once again increased profits, and demand for petroleum products. John D. Rockefeller took very questionable actions, most of which angered others, to create this monopoly of the oil industry in the United States.…

whether it is boats, trucks cars or airplanes. Another type of pollution is the supply of energy around the world. Power plants emit vast amount of pollutants into the atmosphere and into the water. One last example is the forestry and agriculture industries. As we cut down trees to create more space, carbon dioxide builds up in the atmosphere which traps heat inside the earth’s atmosphere. This increase in temperature impacts the environment in various ways. For example, as the earth’s…

Prevention and Supply Chain Security 244 (2011). Pipeline accidents are more common, and the primary cause of pipeline accidents has been excavation damage by third parties, otherwise referred to as “outside force” damage. Carol M. Parker, The Pipeline Industry Meets Grief Unimaginable: Congress Reacts with the Pipeline Safety Improvement Act of 2002, Nat. Resources J. at 233, 255 (2004). “Outside force damage” is a catchall term that encompasses third party excavation damage and vandalism. Id. …

business with the expected increase in demand for oil and petroleum products across the world. According to World Oil Outlook (WOO), long-term oil demand is projected to grow 20 Mbbl/d, reaching 108.5 Mbbl/d by 2035. Of this increase, developing Asia would account for 88% while the demand in China, India and other developing countries in Asia would reach 94% of that of the OECD countries by 2035. According to WOO, the global demand for petroleum products is expected to increase to 111.1 Mbbl/d…

The Alberta oil sands are one of Canada’s largest sources of oil and may be the biggest petroleum deposit anywhere in the world. But the oil sands industry has a lot of environmental impacts. The oil sands are one of the major causes of air pollution in Canada and North America. A sticky mixture called Bitumen (which is also known as tar) doesn’t flow easily like petroleum or crude oil so companies have to resort to surface mining (strip or open pit mining) which is bad for the environment…

of water power and steam into factories greatly increased the size and output of industries” (Clarke, et al., 2006) and from then we had decided that we needed stuff……more and more stuff. The more we needed stuff the more the consumption of oil was from then to now; for the creation of toys, cars, electricity, airplanes, and alike. This massive consumption of oil led us to now a major issue concerning oil industries called peak oil. Peak oil is “the point in time when the maximum rate of crude…

oil supplies (CITATION). A drop in oil prices puts Canada’s industry in a tough position because the prices are now too low to justify new profitable projects. In fact, Canada’s main source of new oil projects comes from oilsands (CITATION). Since the extracting oil from the oilsands is rather expensive, it needs the prices to be high enough for future profitability (Citation). This leads to the conclusion that investment in this industry should decrease, and…

like this could be closer to achieving it every day if one thing happened: cars under 30 miles per gallon (mpg) were banned from roads and from being manufactured. If cars under 30 mpg were banned, the pollution would decrease, there would be more petroleum and gas for us, and the gas guzzlers are very expensive. Cars that have under 30 miles per gallon should be banned. First, cars under 30 miles per gallon create a lot of pollution. Rhiannon Bettivia says, “The cars are extremely bad for the…

Mother Earth while her supplies cannot replenish as fast as we take, and consequently, will not meet our energy needs in the next upcoming years. Specifically in the United States, in 2014 we consumed nearly 80.50 quadrillion BTUs of energy from petroleum, natural gas, and coal; which also is an increase from 2013 of approximately 1.03 quadrillion BTUs. It is no doubt that we need to begin to take action and find new innovations involving groundbreaking technology and sciences in order to meet…