Imperial Oil Ltd is one of Canada’s largest integrated oil companies. It is active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. In Canada, it is a major producer of crude oil, the largest petroleum refiner and a leading marketer of petroleum products. It is also a major producer of petrochemicals. The company’s operations are conducted in three...
The latest decisions taken on COP-26, including agreements on coal, methane, and limitations on the utilization of fossil fuels make up an important stage in the reduction of greenhouse gas emissions. However, it will take several decades, numerous organizational arrangements, and immense financial resources for a complete switching of the energy industry to renewable sources. This is related to the fact that presently the share of...
As always in January, Baker Hughes has published the 2021 final drill rig count data for major regions and countries of the world on its website. A change in the number of rigs may be indicative of the level of business activity in the oil and gas sector and form the basis for forecasting future oil and gas production. Last year, there was a huge drop in the number of active rigs compared to 2019 – by almost 38%, or 825 units....
Methanol is a very versatile alcohol and used to make a great variety of products, such as paints and plastics or fuel. It is small wonder, therefore, that around the globe many research projects are devoted to the development of methods of sustainable methanol production. If, for example, a method could be found to economically convert methane into methanol, people would get a liquid fuel which can be much more easily stored and...
Oil and gas production from low permeability plays in most cases requires the employment of directional drilling and hydraulic fracturing technologies. This is necessary to increase the contact area of the well with a formation rich in oil or gas, and to improve the permeability of the rock. Taking into consideration the increase in the share of hard-to-recover reserves in the global hydrocarbon balance, it becomes clear that the use...
Sasol is an international integrated chemicals and energy company that produces and markets chemical and energy products competitively to create superior value for customers, shareholders and other stakeholders. Sasol has three main business units: Mining, Exploration and Production International, and the Strategic Business Unit. The Company´s Strategic Business Unit has three following main segments: Energy (liquid fuel sales, piped...
Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. Schlumberger supplies products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably. The Company employed over 100,000 people over 160...
The 2021 OPEC World Oil Outlook (WOO) by Organization of the Petroleum Exporting Countries (OPEC) provides review of the global oil and energy industries offering expert analysis of many of the challenges and opportunities facing the global oil industry. The forecasts made in WOO-2021 cover the long term to 2045 and take into account the changes caused by the COVID-19 pandemic. The report clearly indicates that after a massive fall in...
Suncor is an integrated energy company headquartered in Calgary, Alberta, Canada. The Company develops one of the world's largest petroleum resource basins – Canada's Athabasca oil sands. The Company also explores for, acquires, develops, produces and markets crude oil in Canada and internationally, transports and refines crude oil, markets petroleum and petrochemical products. Suncor also operates a renewable energy business...
Hydrocarbon separation is one of the most complex and important processes in industrial hydrocarbon production because it generates a multitude of chemicals which are important to national economies. Commercial separation technologies, such as cryogenic distillation or solvent extraction, consume a lot of energy and cause serious environmental damage. Also, the growth of industrial processes and technologies as well as the overall...
