Downstream Petroleum Industry

Oil was first thought to be discovered in the state of Louisiana in 1868 by the Louisiana Oil and Coal Company fifteen miles west of Lake Charles. However, the Louisiana Oil and Coal Company was unsuccessful at drilling oil but the company did find extensive sulfur deposits. (Louisiana Mid-Continent Oil and Gas Association. (n.d.). Retrieved October 07, 2016, from http://www.lmoga.com/resources/oil-gas-101/history-of-the-industry/) Oil was first discovered in Louisiana on September 21, 1901. (Louisiana Mid-Continent Oil and Gas Association. (n.d.). Retrieved October 07, 2016, from http://www.lmoga.com/resources/oil-gas-101/history-of-the-industry/)

The oil/energy industry is one of the largest industries in the United States. According to the Department of Energy (DOE), fossil fuels (including co4tral,

The purpose of this research is to identify the impact of the petroleum industry on Odessa, Texas during the 20th century. The main objective of this research is to explain how the massive growth of the petroleum industry in Odessa came about and the social changes that had occurred as a result of the thriving oil industry. Beginning in North Texas, the boom then spread to West Texas when the United States became desperate for oil during and after World War I and II. This research drew upon primary and secondary sources such as oral interviews, memoirs, articles and books from the local University library. Upon examination of these sources it becomes clear that the discovery of oil in Odessa, Texas became the foundation for the towns economic

Even though the many different modes of transportation are crucial for survival, what happens behind the scenes is the most important attribute in keeping millions of vehicles and all of the world’s population running smoothly everyday, all day. This priceless and valuable commodity is what is commonly referred to as crude oil, and after several steps of refining, useable petroleum products emerge. (How Stuff Works, 2016)

This report presents information regarding the industry, the primary operator of oil and gas field properties. The industry fuels its key buyers, the Natural Gas Distribution (22121) and the Petroleum Refining (32411) industries, with crude oil and natural gas. The industry continuously battles a shortage of available oil. In addition, many major oil fields have been in use for decades, slowly waning. Currently, the industry grosses among the most profitable in the US despite these and similar obstacles. The benefits of investing here

Of the all the oil fields throughout Canada, 25% are offshore locations in Newfoundland. 8% comes from either BC or Ontario and 67% of all onshore oil fields are in Alberta, which is defined by the term “Oil Country”. From these locations, pipelines are used to transport liquid oil to refineries. It is at these refineries the process of being turned into gasoline, diesel, and petroleum takes place. After this process, petroleum products are sent to distribution centres.

Alberta is the largest producer of conventional crude oil, synthetic crude, natural gas and gas products in Canada. Alberta is the world’s second largest exporter of natural gas and the fourth largest producer. Two of the largest producers of petrochemicals in North America are located in central and north central Alberta. In both Red Deer and Edmonton, polyethylene and vinyl manufacturers produce products that are shipped all over the world. Edmonton's oil refineries provide the raw materials for a large petrochemical industry to the east of

Petroleum is a thick and flammable mixture of gaseous, liquid and solid hydrocarbons that occurs naturally beneath the earth’s surface. It can be separated into fractions including natural gas fuels, lubricating oils and so on. There are some major oil producing regions around the globe. Kuwait and Saudi Arabia’s crude oil fields are the largest. But in Texas, the former world’s major oil region is now almost completely dry. The real catalyst for petroleum production is World War I. It is being produced in large amount during the war. Petroleum is a commercial product in this modern era. Sometimes, petroleum and crude oil are used to mean the same thing, or in other words, petroleum products after crude oil is refined in a factory. There are

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 exports to the target nations, it also introduced cuts in oil production. As a result, between 1972 and 1982, oil prices increased more than tenfold.

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 of existing oil fields (Wintershall, 2015).

What do we do to obtain oil to meet the needs of Americans without having to “sell out” to Middle Eastern countries, not only with money but with foreign policy? This paper intends to refute the claims of those opposing America’s attempts to address its own energy needs rather than rely on the oil sources of other

At oil refineries, crude oil is split into various types of products by heating the thick black oil.

oil as well as natural gas. We can say that making products from recycled materials means

A wide range of petroleum products which include gasoline, diesel, liquefied petroleum gas (LPG) and aviation fuel is produced by Petron Port Dickson Refinery (PDR), which has a rated capacity of 88,000 barrels per day and operated by Petron Malaysia Refining & Marketing Bhd. Petron subsidiaries in Malaysia has eleven strategically-located depots and terminals to distribute their world-class fuels. Therefore, they are able to ensure a continuous and dependable supply of quality fuels to their various customers through this potent distribution network.

With supercritical water extraction and treatment, the heavy crude is upgraded to a medium to light crude that is higher value and can be further refined at more facilities worldwide. In addition, it can be transported and stored using 'conventional' crude infrastructure already in place and leverage that capital and operating investment.