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Published: 12:00 on Thu 14 Dec 2017 in Oil Industry News.
Conservation efforts are less about concern over running out of oil than they are about concern of increasing use of oil. Environmentalists point out that time and money being spent on research and development for the extraction of heavy oil could be better invested into developing alternative energies.
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The Scottish shale oil industry collection.
Almond Valley is a family-friendly museum established in 1990 to preserve and interpret the history and environment of West Lothian. It also continues the work of an oil museum research project which, since 1983, had collected objects and archives associated with the shale industry. our collections development policy.
A country can not be better off if it isolated itself from other countries, trade allows each country to specialize in the areas it does best, perhaps it is farming, oil industry, or information technology....
Published: 06:00 on Thu 14 Dec 2017 in Oil Industry News.
Countries like Canada and Venezuela and United States all sit atop extremely large deposits of heavy oil and oil shale. In fact, it is estimated that there is more heavy oil in Venezuela then there is petroleum in the entirety of the Middle East. Canada is currently the world’s leading producer of heavy oil and it is estimated that the heavy crude in Canada is enough to supply the entire world at current demand for well over 200 years. Of course, the vastness of the supply is only one of the considerations of extracting heavy oil.
The results highlight the importance of accounting for imperfect competition and market spillovers when assessing the cost of environmental regulation.
Chapter 2 estimates the sunk costs incurred by United States oil refineries as a result of the low sulfur diesel program.
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Published: 15:00 on Wed 13 Dec 2017 in Oil Industry News.
Accepted across Canada in the Oil and Gas industry this course also meets the BC Faller Standards and is the Worksafe BC standard for all new fallers.
Published: 15:00 on Wed 13 Dec 2017 in Oil Industry News.
We represent clients and candidates at all levels who operate globally within oil & gas, renewables, nuclear, power, mining, marine, drilling, construction and petrochemicals. Our client base includes energy and construction.
Published: 14:00 on Wed 13 Dec 2017 in Oil Industry News.
“I feel time is running out to keep the industry there, to keep the jobs and keep the production. A lot of the big companies are moving out where it’s cheaper to produce oil. If they don’t get help, they’re going to leave with half the oil left in the ground.”
Published: 12:00 on Wed 13 Dec 2017 in Oil Industry News.
Because the transportation industry is responsible for using 70% of all crude oil produced, there has been great effort in the last two decades to produce an electric vehicle capable of performance similar to that of petroleum powered vehicles. While there are major obstacles to overcome, recent advances have seen mileage ranges increased from less than 100 to well over 200 miles. The major factors holding back the mainstream production of electric vehicles are the cost of batteries, the production and recycling of batteries, and the time that it takes to charge a battery. In other words, the only thing holding back electric vehicles is how they store electricity when the vehicle is not in use. A cheap, efficient, reliable alternative to current batteries would make electric vehicles instantly practical.
Published: 10:00 on Wed 13 Dec 2017 in Oil Industry News.
What is clear is that heavy oil production will be necessary in the near future unless there is a drastic decrease in demand for petroleum. While techniques are being developed to help reduce the impact of extracting heavy oil on the environment, there is little doubt that utilization of this resource will have substantial negative impact. For this reason, conservation has become more important than ever. The less oil the world uses, then the less the environment is impacted both from current and future oil production activities.
Published: 08:00 on Wed 13 Dec 2017 in Oil Industry News.
It’s getting very expensive to extract oil from the North Sea as the fields become depleted. It doesn’t bode well for the U.K. oil industry, but one motivated geologist from Scotland recently made his way to the Permian Basin to learn how to better recover the economic driver and give West Texans an update on the situation half a world away.
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