light crude oil
ExxonMobil to add DCU with Belgium ANWERUP The refining branch of ExxonMobil is planning to add a delayed coker unit (DCU) at its Belgium refinery with the Antwerp North-West Europe Resid Upgrading Project (ANWERUP). Located on the Port of Antwerp at the boarder with The Netherlands, this integrated refinery and petrochemical complex was built in […]
Giant Pao de Acucar in Block BM-C-33 reaches FEED The giant discovery Pao de Acucar and its adjacent fields, Seat and Gavea, are reaching the front end engineering and design (FEED) stage to develop the prolific Block BM-C-33 pre-salt in the ultra deep water of the Campos Basin offshore Macae, in the State of Rio de […]
Petrobras to send invitations to bid on Carioca FPSO Petrobras and its partners, BG Group (BG) and Repsol–Sinopec Brazil, are preparing the invitation to bid (ITB) to be sent to the charter companies for the lease of a floating, production, storage and offloading (FPSO) vessel at Carioca in the Santos Basin. Originally the Carioca FPSO was […]
Definition Oil shale refers to solid hydrocarbon (kerogen) rock resulting from a decomposed organic matter still at solid state, in a sedimentary rock unit. The oil shale may also be called black shale. Oil shale and shale oil must not be confused as they do not mean the same thing since shale oil designates tight oil or tight shale […]
Definition Tight oil refers to the light crude oil trapped in shale, limestone and sandstone formations characterized by very low porosity and permeability. Tight oil is normally a light crude oil found in the sedimentary formations that may also be called light tight oil (LTO) or tight shale oil or even shale oil. Comments But […]
Definition Oil sands are bitumen deposits which naturally occurred from the mixture of thick, heavy oil, water and sand. Since the heavy oil is classified as bitumen, Oil sands are scientifically named as Bituminous sands. Oil sands may also be called Tar sands where Tar refers to the residue produced from organic material distillation such as bitumen. […]
Eleven companies bidding on Ioannina, Gulf of Patras and Katakolon fields on western Greece In March 2012, Greece has launched an “open-door” bid round for three acreages in Western Greece in order to help restoring its economy. By “open door”, Greece wanted to send the message to foreign companies to be welcome to bid. While modest […]
Definition BOE is the acronym of Barrel of Oil Equivalent – a unit of energy based on the approximate energy released by burning one barrel of Crude oil. One Barrel contains 42 US gallons or 158.9873 litres of light crude oil which will produce 5.8 × 106 British Thermal Units (million BTU or mBTU) according to the US […]
