Oil And Gas - News, Trends, Oil And Gas Links
Oil Exploration and Consumption - 50 years earlier and now
Fifty years ago, the world used about four billion barrels of oil a year, and the average new oilfield discovery was around 30 billion barrels. Today, those numbers are roughly reversed. The last really big (30 billion barrel) find was Mexico's Cantarell field, way back in 1976. - Read More
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54 of 65 oil countries past their peak production
if we look at the top 65 oil-producing countries in the world, 54 of them are producing less oil than they were at their peak of production. - Read More
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Topics : Oil
LNG Emerges As Pakistani Natgas Supply Alternative
LNG will likely play a large role in supplying Pakistan's emerging gas market despite current pipeline plans. Pakistan's government is implementing an LNG investment policy friendly to private-sector participation and has established rules and regulations covering LNG terminal construction, and operation. Among the country's three options for importing gas through pipelines, meanwhile, each poses serious concerns as to implementation. - Read More
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Topics : Oil
Pakistan's oil & gas requirements
Oil and natural gas supply nearly 80% of Pakistan's primary energy. With Pakistan's oil production able meet only about 20% of its demand; its foreign exchange reserves are strained - Read More
Topics : Oil
Indian oil imports
The country imports 70% of its oil consumption - Read More
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Indian diesel and petrol demand
The demand for diesel is 5 times higher than the demand for petrol in India
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Topics : Oil
BP's Alt Energy Efforts
BP is exploring or funding research in, including biofuels, underground carbon storage, and various means of improved oil and gas exploration. BP researchers are exploring under-ice drilling in the Arctic, building more robust drilling platforms, more environmentally benign methods to extract oil from tar sands, and hydrogen production. - Read More
Tags : british petroleum alternative energy
Topics : Oil Renewable Energy