Tag Archives: oil production

Waste disposal management is vital for oil fields

Oil is one of the most essential commodities in modern times and so exploration and extraction has become a multi-million pound industry. Crude oil is extracted from the ground either on land or under water or ice. On land a … Continue reading

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Oil and gas are in great demand

In our current state, oil and natural gas are two resources most of us couldn’t live without. When we get up in the morning to take a shower, most of us get hot water through hot water heaters powered by … Continue reading

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Some of the reasons we have become dependent on fossil fuels

There are many reasons why the world became dependent on fossil fuels, and continues to rely on them. For example, it has so far been relatively cost-effective in the short run to burn fossil fuels to generate electricity at strategic … Continue reading

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A brief overview of the types of crude oil

Crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons. Petroleum is used mostly for fuel oil and gasoline through the refining process. Generally crude oil is classified as a function of 3 factors: 1. … Continue reading

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Scotland’s oil production

Scotland is a rich resource for oil and gas and hence is a valuable asset to the UK economy. The economy of the UK depends a great deal on Scotland’s oil production and whenever oil production levels fell in the … Continue reading

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Sourcing new oil and gas fields

Within the Oil and Gas industry exploration is one of the fastest growing areas. As oil runs out, new reserves have to be found. Also newer methods of obtaining the oil need to be researched and developed. As the more … Continue reading

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Searching the sea for oil

So many oil fields near the coast have become off limits to a number of oil companies, in the face of poor international relations and environmental regulations. In a bid to continue and increase the production of oil, some companies … Continue reading

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As oil prices fall, supermarket price war hots up

Oil prices have fallen 10% in the 3 days since the International Energy Agency decided to release 60million barrels of crude onto world markets, with fears of a global slowdown knocking prices. The global advice group confirmed last week that the … Continue reading

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Global oil shale resources

Global shale oil resources can supply more than 2.8 trillion barrels, which is almost 3 times the reserves of crude oil. At the moment, the cost of retorting oil from shale is quite a bit more than that of crude … Continue reading

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Oil found in the Falkland Islands

Rockhopper Exploration has discovered oil off the Falkland Islands which they say is likely to become a viable field. Shares in Rockhopper have rocketed following the announcement. The oil is of medium grade and further exploration is continuing. However, there … Continue reading

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