unconventional oil
On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil production by 9.7 million barrels per day (b/d).
Jordan retains world fourth largest oil shale reserves If Jordan falls short of conventional oil and gas resources to sustain its economical development, it appears to hold the world fourth largest oil shale reserves after USA, China and Russia. According to actual estimations, Jordan reserves of unconventional oil in the shale deposits could reach up […]
International oil and gas company growing upstream Murphy Oil Corporation (Murphy) was originally established in Lousiana in 1950 as Murphy Corporation but is today headquartered in El Dorado, Arkansas, USA, and listed in the New York Stock Exchange. Murphy leads exploration in many countries and produces oil and natural gas mostly from USA (Gulf of Mexico), Canada […]
Definition Bitumen refers to an oil-based non crystalline solid substance produced naturally or from crude oil refining. Bitumen is mostly composed of highly condensed polycyclic aromatic hydrocarbons. After refining, Bitumen is the more viscous, heaviest and thickest petroleum derivative. Comments Natural bitumen is an unconventional oil, sticky, looking like tar and more viscous than molasses. It must be […]
Definition Non-Condensable Gas Co-Injection (NCG) belongs to the in-situ exploration and production of oil sands. Non-Condensable Gas Co-Injection refers to the process which is to inject NCG together with the steam in the oil sands reservoir. Comments Canada is the country with the biggest unconventional oil resources called bitumen. This bitumen lies in oil sands reservoirs. Most […]
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. […]
ExxonMobil to boost oil sand production in Canada Through Imperial Oil Ltd (Imperial Oil), ExxonMobil is planning to double upstream production capacity in Canada in the period 2010 – 2020 supported by $30 to $40 billion capital expenditure. Imperial Oil is an ExxonMobil company based in Calgary and operating oil and gas production, refining and petrochemical […]
