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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Underwater pipeline

Do you know what the worlds longest gas pipeline  and how long it is? According to Google, “The Trans-Mediterranean (Transmed) is a 2,475km-long natural gas pipeline built to transport natural gas from Algeria to Italy via Tunisia and Sicily.” While it is true, that is the worlds longest pipeline built on land, there is also a pipeline nicknamed Giant Serpent that lies underwater and is the worlds largest underwater gas pipeline. The name Giant Serpent actually comes from Norse mythology and is located on the Norwegian…

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Is drilling something you would like to do?

The job title Petroleum Engineer is said to rise to 10% in 2020. First off, what exactly do these engineers do? According to Wikipedia, “Petroleum engineering is a field of engineering concerned with the activities related to the production of hydrocarbons, which can be either crude oil or natural gas. Exploration and Production are deemed to fall within the upstream sector of the oil and gas industry.”  In simple words, once oil is discovered, a petroleum engineer will determine the best way in removing it…

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Mexico de nationalizes its O&G sector

Mexico has opened its doors to foreign companies that will bring in new business like never before. This however was not a “new” policy per say, but the idea to de-nationalize its entire energy sector came up in 2013 and then there was a “follow up” in 2014. Two years later, the country finally decided to go through with it. What does this mean for Mexico? Over the next four years, we will see accelerated growth for a country with massive oil and gas resources,…

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Egypt rises O&G

Houston is one of the largest cities that is considered to be the, “Energy Capital of the World”.  Every month there are new companies moving to Houston, or new businesses starting out and they all have one thing in common; they are in the oil and gas industry.  Houston was one of the cities to take a hit when oil per barrel was low, but is also one of the quicker cities recovering. Apex International Energy, one of the newer companies has just announced that…

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The positive outcome from low oil prices

The price per barrel of oil continues to go down, some states the price at the pump is just above $1. This has not happened since 1999. Many large oil and gas companies are continually downgrading their employees, but the positive outcome of the low oil price is that the hundreds of people who are at the pump are also saving hundreds of dollars every week. “An additional $500 to $800 in their pocket to spend last year. That’s enormously helpful and what happens is they…

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Goliath affects Oil&Gas production

Just this week, a snow storm came down from the North that caused 5’ and more of snow, sleet, hail, and rain and flooding damage to most of the central United States. Down in Texas, where people don’t typically see snow or sleet, many areas received as much as 3’ of snow! The storm named Goliath, stayed in the area for a day and half before moving up on to the upper NE states and throwing more snow on the central states and rain in…

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Why is the oil spill cleanup in North Dakota taking so long?

Perhaps the largest onshore oil spill that happened 2 years ago was the pipeline which runs from Tioga to Columbus near the Canadian border. The spill spilled more than 20,000 barrels of oil, covering 7.3 acres of land. (If you can imagine 7 football fields put together!).  “The Cleanup of a massive 2013 oil spill in northwestern North Dakota is being hampered by a lack of natural gas needed to power special equipment that cooks hydrocarbons from crude-soaked soil” This statement seems ironic as there…

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What is the future intake on Global warming?

Did you know that global warming is caused by carbon dioxide building up into the atmosphere, thus trapping more and more heat? According to climatecentral.org, roughly 60% of the carbon gets pulled into “carbon sinks”, which is another term for lakes, rivers, and oceans. But how much is really going into these bodies of water? It’s fairly well established that about 30 percent of atmospheric CO2 is pulled into the oceans, and it is thought that another 30 percent is sucked up by land-based ecosystems. But…

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How do Oil prices affect home buying?

Spring is almost here and finding that perfect house is getting to be more competitive than ever! I myself am about to close on a house in just a few weeks. For many of us, we thought that because there are so many businesses opening and making Houston its home, home buying has increased because of the demand? In actuality, because of the Oil prices house hunting has become more affordable. Did you know, “With the exception of the 1980’s, Houston home prices steadily increased…

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