Pikes Peak

British Petroleum took a massive hit to public image, brand name, and to the overall prosperity of the company, following the oil spill that occurred on April 20, 2010. The spill occurred in the Gulf of Mexico near the Mississippi River Delta, at the Deepwater Horizon Oil Facility (Deepwater Horizon Oil Spill). Since this horrific incident, which basically crippled the company, they have been employing numerous tactics to try to recover from it. There are two categories in which one can place…

In 2006 the voters of Washington state passed the Energy Independence Act (EIA) through a ballot initiative in the November mid-term elections. The initiative was championed by the organization Washingtonians for Energy Security (WES). The EIA is a Renewable Portfolio Standard (RPS) requiring electric utilities serving at least 25,000 customers to produce 15% of their electricity from renewable sources by 2020 (Energy Independence Act of 2006). The EIA also seeks to increase energy conservation…

Introduction Fossil fuels play a very important role in administering the economy efficiently and enforcing newer developments effectively. Oil & gas, Coal and other mineral resources supports us with most of our energy mix and touch our lives in multiple dimensions. They cater to everything - from domestic uses to manufacturing industries, and from transportation fuel to synthesis of organic and chemical products. India is a country with more than 1.2 billion people accounting for more than 17…

On the 3rd November 2016 the Hazelwood Power Station, which produced brown coal in the Latrobe Valley, announced the entire plant would close at the end of March 2017. After supplying electricity to Victoria for over 50 years, the plant’s owners Engie argued that it was no longer economically viable to continue to run one of Australia’s most ‘dirty’ power plants, thus laying off almost 1,000 jobs. Engie states that the growing pressure for renewable energy was the main factor for the closure of…

1. Title of the Lesson: The Oil Boom in Oklahoma 2. Instructional Unit: Oklahoma After World War II 3. Target Audience (Course & Grade Level): Oklahoma History/ 9th Grade 4. Time Requirement/Duration of lesson: 2 Class days/ 60-minute class times. 5. Introduction or Rationale (Significance) of the lesson: During the lesson students will be introduced to the economic impact of fossil fuels, the development of Tulsa as the “Oil Capital of the World”, oil reserves (Anadarko Basin), and how…

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 point then start to decline.…

1. Introduction Ekofisk Oil Field is the North Sea’s first giant oil field which was discovered by Philips Petroleum in 1969 and approved for development in 1972. Ekofisk oil field is an oil field in block 2/4 which located at the Norwegian Continental Shelf of the North Sea (Figure 1.1). The total recoverable reserves of Ekofisk Oil field originally were 3, 324.2 million bbl oil, 156.1 bn ccm gas and 14.5 million tonnes of NGL. As of December 2012, the remaining recoverable reserves are…

Introduction: British petroleum is one of the world’s largest firms that deal with discovering and extracting oil, refining oil, and selling oil and gas. Since, these products are supposed to be provided to certain many consumers around the globe therefore, it incorporate with many people in the diverse societies along with the many of the diverse organizations with which it works. These incorporations require maintaining several many ethical and societal issues in relation to both the people…

This informative article by Lutz Kilian discusses shale oil and its effect on oil prices in the United States. Shale oil is a term used by the oil industry for oil that is obtained from low-permeability rock, and it has caused a resurgence of oil production in the United States. This type of oil production was not available until quite recently, because of several technological advances in the industry. Currently, shale oil production, mostly from western states, accounts for a sizeable amount…

Introduction: Business was started by Shell in Nigeria in 1937 as Shell darcy and was given a license of exploration .Olioberi was the first commercial oil field discovered in the Niger Delta. Prior to discovery of oil, Nigeria depended on agricultural exports to other countries. The largest fossil fuel company in Nigeria is Shell Petroleum Development Company, which operates over 6000 kms. The villages’ individuals surrounding facilities of oil production occasionally drill holes into pipelines…