Petroleum industry

The 2010 Deepwater Horizon oil spill affected the lives of humans and wildlife in the region. Clearly BP, Transocean, Halliburton and the government fell short of their corporate responsibilities. First and foremost BP's reputation in the last 10 years has been severely marred and tainted. It is has been reported that Halliburton was aware that the cement mixture that was going to be used to seal the well did not pass inspection (NewsBasics, 2012). The test on March 8 proved that the cement…

The cause of a leak that spilled more than 140,000 gallons of crude on the Santa Barbara was of external corrosion in May.The spill occurred after pumps on the Plains All American Pipeline. This is were shut down and restarted, sending a larger volume of oil surging through the 2-foot-wide pipe at higher pressure. This company is known with a history of violations. After the leak, the alarm in the system was sent off and did not shut down for about 30 minutes.State and federal prosecutors are…

1. Duke Energy jBy merging with Progress Energy in 2012, Duke Energy Corporation (NYSE: DUK) became the largest electric utility in the United States. Headquartered in Charlotte, North Carolina, its regulated utilities business unit serves 7.3 million retail electric customers in six states in the Southeast and Midwest regions, boasting approximately 57,500 MW of electric generating capacity. Almost all of its electricity generation comes from coal, natural gas and oil. As of 2015, it has 28,000…

During 1950s, Chinese had a great change, especially in industry economic part, that let person can’t help to figure out the reasons which hiding behind and how Chinese government develop their own industry starting from nothing. Getting back to the time when Chinese government just has been set up, the country is backward in every parts especially in economy and technique part, also Chinese have nothing with truly industry product just some simple handmade goods from family workshop, this…

The Declassified Selection Guide to Petroleum Programs Deciding where to go to college is perhaps the biggest decision a high school student will ever make. The average student determined to pursue a degree in petroleum engineering will need to choose the right college for them. Selecting a university can be overwhelming as high school prospects do not often know what factors to take into account. Colleges can be analyzed in three main areas: academics, student life, and financial factors. Each…

Another factor to consider is the boom in petroleum-based commodities of the last decade, and the role that oil companies such as Petro-Canada plays from an environmental perspective. With the rapid expansions in petroleum comes many impacts to the environment as well as to society as a whole. There has been shifting economic landscape and government regulations to control the boom in this period. The world is dependent on fossil fuels for 80 percent of its energy, but at the same time, it is…

responsibilities of the NCDMB and the IOCs as the two major accountors in the implementation of local content in petroleum contracts. This discussion is important because as the NCDMB is charged with the enforcement accountability, the IOCs as the investors, license-holders and awarders of oil contracts are charged with the compliance accountability. The IOCs’ main functions in the industry are conducted through joint ventures, production-sharing and service contracts. In chapter three the study…

The depletion and of petroleum and to their harm to the environment, biofuel arise as a promising option to replace fossil fuels in the future. Biofuel are derived from biomass conversion with many different examples such as biogas, biodiesel and bioethanol as the most currently used, and biofuels are considered not to leave a carbon print to the environment since they are considered CO2 neutral (1). The total dependency on fossil fuels such as gasoline, natural gas and petroleum gas makes it…

the compression would be provided at the seabed instead of on the platform. Statoil is currently carrying out two of these projects on the Norwegian continental shelf and was awarded for a breakthrough in the subsea technology in 2012 (Norwegian Petroleum, 2016, 2). Using gravity in the form of the weight of water is a clever solution and Norway is a perfect place to try such an innovation because of diverse research programs that are funded by the…

Therefore, an ideal conceptual value chain of an oil enterprise should meet the following conditions. Oilfield construction and exploitation As the most upstream of oil industry, oilfield construction provides the necessary precondition for the normal production of oil products. It is the internal logistic of the oil enterprises. Oilfield construction includes oilfield exploration, mining decision, site layout and engineering…