Petroleum production

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…

drilling of the first well, Kundal-1 (Khisor Range, near oil seepage); in the region that now constitutes Pakistan. The first oil discovery was made in 1915 in Potwar, located in the Punjab Province, from Miocene / Eocene rocks; that field is still on production through artificial lift. Since 1915, Potwar remained the traditional ‘oil patch’ of the country till the oil was struck in 1981 at Khaskheli-1, drilled in Badin area of Sindh Province. Meanwhile, a world-class gas discovery at Sui was…

Our world is powered by petroleum and its by-products during refining. We enter wars, betray allies, and punish innocent lives all for the opportunity to rejoice in the lucrative industry of petroleum. It is like a sweet stash of candy for the sweet tooth. It doesn’t last forever or replenish once in a while and whoever has control over its extraction is the most formidable of the land. Long before the use of the golden oil humans were able to drive off the frigid winds of long winters with the…

one third of all energy-related greenhouse emission comes from transportation". The smog, carbon monoxide, and other air pollution gases (such as carbon dioxide, nitrogen dioxide, and sulfur dioxide, just to mention some), from the combustion of petroleum products used in transportation, compromise the quality of the planet air. Since gas price is extremely low, it does not only encourage individuals to travel more often it also may influence their decision of buying a less efficient car over…

Apart from the production unit, flare stack is also a significant security device for the petroleum and petrochemical industries used for exhaust gas pressure (Flare Gas) from the production process, especially if the process fails. Despite the safety equipment necessary, to reduce the frequency and volume of vented gas flares out to the left, it will reduce the anxiety of neighboring communities. Therefore, the company plans to reduce the flare stack as well as improve it efficiently as…

quantity of a product that producers desire to sell at various prices and the quantity that consumers desire to buy from market. Market Sentiment indicates the activity and price movement of the securities traded in that market. Price of the U.S. petroleum…

to supply its own energy needs, but in less than 25 years it became apparent that this was no longer the case. Unfortunately, each year Americans consumed 5% more, doubling the demand for oil in 12 to 14 years, while coal production remained at 1940 levels, crude oil production dropped. During the 1950’s,…

created a theory that world oil production is following bell-shaped curve of rise – peak – and decline. After the maximum rate of petroleum oil is being extracted, it will reach a certain point of oil will reach peak and then slowly start to decline regardless of the demand. Hubbert said that by the year 1970 the world would reach this peak point which is started with companies extract the easy oil first and after that drawing oil will become harder and harder and production will reach peak…

harmful to the economy and environment. Such is the cost of destruction, contamination, air pollution and displacing the Native American’s. Oil Pipelines have been here for a long time. In the Oil history, the author Samuel T pees. He is certified Petroleum Geologist by The American Association of…

oil. Saudi Arabia oil production is a key player in the world’s economy and could put many countries at great risk if they were to lose access to trade of oil. For many years the United States has thought about reducing its consumption of Saudi oil, but has yet to do so in fear of losing the ability to maintain the American lifestyle. Within the years after World War II the United States along with the rest…