What do the three sectors; Upstream, Downstream and Midstream have to do with oil?

Some people refer to petroleum as rock oil because of where it originated from. Petroleum can actually be traced back hundreds of years ago and was formed when oil and natural gas merged together. It is categorized as a fossil fuel because it is composed of decayed plant and animal matter. “The substance is made up of hundreds of hydrocarbons molecules which can be harvested in two forms – liquid (referred to as crude oil) and vapour (referred to as natural gas). The harvesting process…

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Shale Gas Fact or Fiction

There have been so many articles relating to the shale oil that I believe it is important to know what is true and what is not. First, what is shale? Shale gas refers to natural gas that is trapped in shale formations. Shales are fine-grained sedimentary rocks that can be rich sources of petroleum and natural gas. How does one person go about getting these rock formations out of the ground? There are 2 methods. Horizontal drilling and hydraulic drilling. There is a limited amount of shale…

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New regulations help limit the amount of methane gas

Great news except for the people in the fossil fuel industry, new rules have just been put into place when burning methane gas. This will be the second time this year that new rules have been discussed. “Methane is a main component of natural gas, but during the production of gas and oil, methane is often both unintentionally and intentionally released into the atmosphere.” Part of the new regulations is that it involves the oil and gas companies to buy new equipment which limits the…

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