Petroleum Essays

Petroleum Name: Sumaya Ismail Ali ID: K-715810110 Name: Marwa Mohamed Elneel ID: K-215810001 Dr: Kauser Fatima Environmental issues What it is ? Petroleum or Crude oil: is thick liquid, flammable, and it has several of color, found under the ground. Petroleum is one of the fossil fuel with Coal and natural gas. And it came from remnant of dead ancient marine organisms buried under many ground layers over million years and high pressure and temperature convert to petroleum. The

This report will talk about being a petroleum engineer. Petroleum Engineering is the topic that will be talked about for this career report. The next paragraphs will talk about how it is to work in that job. It will also talk about how this job pays and the education required being in this job. This paper will also talk more about some of the things that this job has. I Petroleum engineering is a field of engineering concerned with the activities related to the production of hydrocarbons, which

Option #2 Portfolio Milestone Due to the oil and gas industry decline during the past few years, some speculation exist that the industry is beginning to gain traction again. As a result, Whiting Petroleum may be a good investment option. Whiting joined the United States oil and gas industry in 2003 with activities in the development, production, acquisition and exploration of oil. Since their IPO share price of $15.50 in November 2003, the company has experienced a great deal of stock price volatility

highest in the world. Petroleum has a very large impact on modern society and the world as a whole so being able to understand the petroleum market is vital to the worlds and a countries economy. As industries have such a high reliance on petroleum prices for things such as the transportation and production of goods and services, sharp increases and decreases of the prices of petroleum could have a dramatic effect on these industries. A sudden increase in the price of petroleum could cause an economy

Penn West Petroleum Shares of Penn West Petroleum (NYSE: PWE) dropped approximately 7% despite the company reported strong results for the fourth-quarter 2015. This drop in its share price was due to the change of its debt covenant that Penn West feared of being obliged in 2016, due to continued downturn in the strip prices. Nevertheless, this trend is reversing with NYMEX natural gas future prices rising in the second-half of 2016. According to a report released on March 10, 2016 by Premier Energy

1. BACKGROUND OF BRITISH PETROLEUM (BP) Formerly known as British Petroleum, BP is one of the world’s major energy, petroleum and gasoline company in its industry. Founded in 1909, it was originally known as The Anglo-Persian Oil Company. Prior to the company’s emergence was the discovery of oil in the south-west of Iran, which was led by Australian-British mining entrepreneur William Knox D’Arcy and supported by a Scottish company called Burmah Oil Company. This successful oil exploration was

Whiting Petroleum As of late, dozens of oil and gas related stocks had a mini rally in the stock market due to slight increase in the oil & gas prices and on the back of a better outlook for recovery which is discussed latter on in this article. However, couple of such stocks that gained significantly in the past one month are Pioneer Natural Resources (NYSE: PXD), Continental Resources (NYSE: CLR), Rice Energy Inc (NYSE:RICE) and EP Energy Corp (NYSE: EPE). Hence, Whiting Petroleum (NYSE: WLL) is

Discussion 2 - Week 2 - An Assessment of Training British Petroleum (BP) is an energy company whose headquarter is in located in London England. In 2012 BP began the sixth-largest oil and Gas Company in the world. It functions in all areas of the industry, such as production, refining, distribution and marketing, with approximately 85,900 employees, including first-line supervisors. The character of BP employees is talented discipline individuals who value the work they do on a daily basis. BP actual

BP Gas, starting in 1908 at a part of Persia after a long and difficult search. BP stand for British Petroleum, BP brand was originally created by a German firm of marketing its products in Britain. During the war in 1917, the Public Trustee sold them to Anglo-Persian. After the war Anglo-Persian was causing engine problems in colder climates, it started to do a research to address improvement. Since after the improvement gas and electricity would replace kerosene for home and others heating, and

Petroleum Engineering Outline Introduction • Engineering is the study of how things around the world work, with the help of the application of scientific and mathematical principles. • It is divided into large number of branches that deals with earth up to aerospace. These branches vary but all aim in having a great impact in everyone’s life. • Engineers aim to build a safe and easy environment to all individuals. • Petroleum engineering aims in the manufacturing of crude oil and natural gas

Penn West Petroleum (PWE) is all set to end 2015 on a high as the stock has shot up close to 80% in the past three months. In fact, in the past week itself, Penn West shares have gained over 20% on the stock market, which might seem surprising given that WTI crude oil prices have dropped to $36/barrel on account of persistent oversupply concerns. So, what’s the reason behind Penn West’s recent surge, and will the company be able to carry this momentum into 2016? Let’s check. Penn West’s cost reductions

All oil companies should be responsible for this problem because oil reserves are limited. Research setting Current research will be undertaken within an oil company – British Petroleum. According to market capitalisation, British Petroleum is one of the largest oil companies in the world. It was founded in 1909 in London. The core activity of the company is prospect, extraction, refining and oil production. Other important businesses are distribution and

Summary This assignment analyzes the employment relation practices of a large employer and a small private sector firm. The organizations that have been selected for this particular assignment include British Petroleum and SolutionsPT Ltd. The approaches that are used by British Petroleum in order to manage employee relations shows that management of the company gives particular importance to its human resources because the senior management of the company has a perception that satisfaction of employees

In 2015, shares of Penn West Petroleum (PWE) are down more than 75% and they currently trade at around $0.50 per share. As a result, earlier this month, Penn West received a notification from the New York Stock Exchange regarding the delisting of the stock and suspension of trading since it is now in penny stock territory. Now, if its stock price does not climb to $1 “on the last trading day of any calendar month, and its average closing share price in the 30 days preceding was also at least $1,”

1 PETROLEUM Petroleum is a mixture of gaseous, liquid and solid hydrocarbon that occurs naturally beneath the earth's surface (Awake, 2003). Petroleum is composed of hydrocarbons (hydrogen and carbon) and may exists as crude oil, natural gas or condensates. Crude oil is a naturally occurring, free flowing liquid mainly hydrocarbons with its specific gravity between 1.00 and 0.80. The major elements of crude oil are carbon (83-87%) and hydrogen (10-14%) and minor elements, nitrogen (s density

that do not have any refineries: Florida, Missouri, Nebraska, New York, South Dakota, and Virginia. Florida does not have any crude oil refineries and relies on petroleum products delivered by tanker and barge to Florida marine terminals, primarily at the ports of Jacksonville, Miami, Port Canaveral, Port Manatee, and Port Everglades. Petroleum product imports, including motor gasoline and motor gasoline blending components, residual fuel oil, jet fuel, and asphalt, arrive in Florida from around the

start to buy electric cars instead of petroleum based cars. However, because of the not-well-developed technologies, many tragedy happened. These alternative fuels may not be less damadging than petroleum, it may just be that that have npt been around long enough for their full consequences to be appreciated. Even it costs less pollution than petroleum cars, the environmental impact of powering vehicles will not disappeared. US government should not ban the petroleum based cars, because it is unnecessary

that multiple wells can be drilled from a single location. This technique has made a huge impact in the Arctic ocean, as an “optimum number of wells from a single platform or artificial island” were drilled to produce more oil and gas (Society of Petroleum Engineers, n.d., para. 3). This has helped companies by reducing the costs related to drilling several vertical wells. Furthermore, drilling multiple wells from a single location has also significantly lowered the environmental

safety aspects, transport, the efficiency of the yield of each fuel and the production logistics in relation to resources. Petroleum produces the most fuel and has multiple resources to extract it and consists of many advantages. However, it also consists of significant disadvantages for consumers like you, and is why an alternative

I grew up in a third world country that prioritized rapid industrialization above environmental sustainability with the end result of highly unacceptable levels of toxic industrial wastes and effluent emissions. Seeing the thunderous cheers and jubilation from oil and gas engineers when an oil well is perforated and extraction begins without considering the negative effects this has on the environment, is quite alarming. I always wondered if the multiple oil spills, or casual gas flaring, was due