Oil Industry Essay

nanotechnology in upstream oil industry: An analytic hierarchy process analysis Pouyan Motamedi1*, Hasan Bargozin2, Peyman Pourafshary3 1 Department of Chemical and Materials Engineering, University of Alberta, Edmonton Alberta, Canada 2 Department of Chemical Engineering, University of Zanjan, Zanjan, Iran 3 Department of Petroleum and Chemical Engineering, Sultan Qaboos University, Muscat, Oman Abstract Nanotechnology has had revolutionary effects in various fields of industry such as electronics,

Group 16: Econ Project #1 Due: 16 October 2003 Introduction by Jamie Ifkovits: Oil is certainly the world 's largest cash commodity. One of the main products produced from crude oil is gasoline. Gas plays a significant role in the life of people in countries throughout the world. Gas accounts for approximately 17% of the energy consumed in the United States and is primarily used for powering automobiles ("A Primer on Gasolne Prices" 5 Oct 2003). The prices paid by customers at the

and the largest in the southern U.S. and Texas, has been developing strong economy, especially in oil and gas industry. During the last decades of the twentieth century, Houston focused on developing energy industry—which comprises oil and gas exploration and production, oilfield equipment manufacturing and wholesaling, and pipeline transportation. However, some economists doubt that depending on oil and gas too much could make Houston particularly vulnerable to economic downturns determined by energy

One of the most capital intensive and globalized industries is the energy sector because of its operations that are inherently complex. As such, the oil and gas projects experience overruns of costs that exceeds 100 percent at times, which have created the need for adoption of new contracting strategies (Schramn, Meibner, & Weidinger, 2009). The risks in most cases are contractually distributed and shared among the energy project stakeholders instead of leaving it to the owner. Some of the risks

When thinking about how all this oil and gas gets from the platforms in the gulf to land to be produced, you will run across the phrase, “flow assurance.” Flow assurance is what makes sure these oils and gases get from point A to point B without any hesitations or problems. Its main purpose is to prevent hydrates, clogged pipes, and wax depositions. So can the oilfield industry survive without flow assurance, especially in deep water operations? By reading this, you will learn how important flow

The oil and gas industry is crucial to the U.S. economy and plays a central role in its environment, society, and economic development . The U.S. consumes more oil than any other country. Products derived from oil include medicine, recreational sports items, cosmetics, plastic, chemicals, transportation liquids, etc... This is to say, crude oil is the most important natural resource of the industrialized nations, as it has assisted in the technical expansion and discovery of new sources and production

and production one like Cairn Energy, operate in the oil and gas industry. Each of these companies faces some financial, commercial or contractual considerations similar throughout the industry, and some peculiar to the area of operation within the industry. Problems within the oil and gas companies have occurred in the past due to askew interests and these problems are likely to occur in the future. Managers within the oil and gas industries requires essential working knowledge of the concepts involved

fallacies and evolve. An example of this is the wide spread misconceptions of the issue of oil sales and who collects the most profit from them. What most of the general population is led to believe based on their worldviews and previous experiences on this topic is shockingly false. To be able to full discus and understand this topic it is important to understand the players involved first. The oil industry relies on the Organization for Economic Co-Operation and Development countries (OECD) and

DOWNSTREAM OIL INDUSTRY The petroleum technology and the work culture that was brought by the British and American oil companies were very new to the workers and the employees in India. It took them some time to adopt the work culture but they started restraining from the British and the Americans. This is how they started organizing themselves into trade unions and seeked for legal actions instead of resorting to strikes because they were new. Like any other industry, the oil industry also faced

The 1970s is a significant period in the U.S. oil and gas history. American oil production was declining steadily and imports from mainly Arab producers were relied on to shore up the shortfall. The Arab states, which constituted the majority of the Organization of the Petroleum Exporting Countries (OPEC), imposed an oil embargo in October 1973 against the U.S. and a number of other industrialized nations that backed Israel during the 1973 Arab-Israeli War. Not only did the sanction ban petroleum