Alberta’s Crude Oil Resources What is crude oil? Crude oil is found trapped in the underground rock; it is a natural occurring mixture of hydrocarbon compounds, cause from dead marine life and vegetation from millions of years ago. These materials had died and settled on the bottoms of streams, lakes, and oceans; where sediment had then covered this thick layer of organic materials, which applied heat and cooked this layer of materials to form what we now extract from the ground as petroleum. The
in the processes required to find and extract crude oil and natural gas. The Oil and Natural Gas industry has performed well in recent years despite economic challenges due to the help of new techniques and technologies that have allowed the industry to quickly recover after economic setbacks. What are the Major Components of the Oil and Gas Extraction Industry? Major Operations that this industry is involved in include the exploration and drilling of crude oil, and the extraction of natural gasses
‘off-shore’ sites for new production of ‘light’ crude. However, as recent events in the Gulf of Mexico demonstrate with the British Petroleum incident and the resulting clean-up costs and loss of credibility, this approach has risks. It
Based on this little fact, I am convinced that this trend of mineral-conflict still permeate the fabric of our society. Nations are waging wars against other countries (in most cases, the strong against the weak) in order to forcefully or illegally extract their metal commodities. In many instances, civil conflicts ensue as a result of uneven distribution of these precious metals. For example, the Rwandans genocide, Congo DRC civil war, Sierra Leone’s blood diamond civil war, etc. If human life is more
shift soon to renewable energy sources? “Peak oil” refers to when the rate of production of oil will reach its highest rate and decline gradually. If our production declines after the peak of oil and demand continues to increase, scientists say we will fall into an oil shortage. Many experts think we are about to pass the production peak for oil since Hubert’s peak was proved to be accurate, every since 1970, U.S oil production peaked and has continued to decline ever since. Factors of this problem were
diameters (mm) after the incubation period at 35 ˚C (Madigan et al., 1997). Production and extraction of antimicrobial secondary metabolites The selected potent isolates were inoculated to the seeding medium containing 1% malt extract, 1% peptone 2% glycerol and were incubated at 28 ˚C in shaking incubator (220 rpm) for 48 hours. After termination of the incubation, the seeded cultures were inoculated to the optimized production medium. After incubation for 5 days at 28˚C, the aliquots of filtrate-fermented
How Oil Prices are Established Did you realize that at our current consumption of crude oil and at our current status of known reserves, we have approximately 40 years of reserves remaining? This is a startling fact when we take into account all the products that are produced from refined crude oil or from its by-products. Many people are aware of the price increases they feel at the gas pump, but has anyone ever considered the cost or investment put forth in finding new reserves? Under the right
Introduction The Athabasca oil sands are the second largest producer of crude oil in the world, with a surface area of approximately 100 000 square kilometres (Anderson, Giesy & Wiseman, 2010). The Alberta Energy and Utilities Board estimates that the oil sands contains approximately 1.7 trillion barrels of crude bitumen, however only 19% can be ultimately recovered (Raynolds, Severson-Baker & Woynillowicz, 2005; Humphries, 2008). The availability of recoverable bitumen makes Canada’s oil sands deposit
to extend the life of the discovered wells and extract as much available oil as possible. CO2 flooding has become today one of the most widely used methods of enhanced oil recovery. This paper is going to show a study over the use of CO2 in the oil industry….. thesis? Primary Recovery This is the first
unlimited, we can only produce what we can extract from the earth. The countries with the highest demand in a petroleum energy are not the richest in these natural resources. Petroleum is not limitless Although scientists have not been able to estimate exactly how long the earths petroleum stores will last, they do know it will become harder and harder to find as time goes on. “It’s not a matter of how much is left, it’s a matter of how much you want to spend to extract the petroleum”. (A Scientist's Guide