History of petroleum industry pdf file

Chapter 8 PETROLEUM For the foreseeable future, oil will remain a critical fuel for the United States and all other industrialized nations. [In order to make the U.S. economy less dependent on oil,] the National Energy Strategy proposes initiatives to (1) reduce the economic consequences of The petroleum oil industry, especially oil refineries, is currently one of the most important economic activities in Thailand. However, only since the post Second World War period has the industry become a crucial sector of Thai economy. This is a powerpoint made by me for my report in my subject Chemical Process Industries. This include some history of the petroleum industry. Industry statistics (consumption, demand, import, and export). Raw material of petroleum. Mass balance, Energy used and intensity. And the Separation Processes and Chemical Conversion used in refining The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products.The largest volume products of the industry are fuel oil and gasoline (petrol). utilize tight oil Exporting tight oil while importing heavy oil is very possible if permitted by U.S. government • Environmental concerns could put the brakes on this production High energy requirements for producing Canadian oil sands High water quantities needed for tight oil & oil sands production Oil & gas industry sectors and players More complex refineries = higher refining margins •More complex refineries are able to refine cheaper (heavy and/or sour) heavy oil into petroleum products, increasing their profits. •More complex refineries can change the proportion of petroleum product mix to Petroleum is extracted from underground reserves; then it is cracked or "refined" into end products for various uses. The petroleum industry thus has two parts: an oil exploration and production industry upstream and a refinery industry downstream. Most oil producers also own refineries. Nigeria is one of Africa's largest oil and gas producers, with over two million barrels per day in 20166. The country also has the largest oil and gas reserves in sub-Saharan Africa, with an estimated 37 billion barrels of oil and 188 trillion cubic feet of gas. 7 The most recent report from Nigeria's chapter of the EITI found that oil and gas AN OVERVIEW OF THE PETROLEUM INDUSTRY BILL, 2012 . INTRODUCTION . The Petroleum Industry Bill 2012 ("PIB") seeks to ensure that the management and allocation of petroleum resources in Nigeria and their derivatives are conducted in accordance with the principles of good governance, transparency and sustainable development in Nigeria. The History of Petroleum Exploration in the Union of Myanmar. With the nationalizationof the oil industry in 1963, Burmah Oil and Union Oil lost their leases, and the newly formed state oil From the time humans realized naturally occurring petroleum had myriad uses, they organized means and methods to try and collect it and utilize it to its fullest potential. The history of petroleum exploration around the world is colorful and fascinating. History of the World Petroleum Industry :Important Dates Here is a chronological summary of some of the important events impacting the evolution of the world petroleum industry with some key world events that had mainly impacted the oil ind