Research The spectrums of oil spill issues are diverse and large. They range from environmental issue to economic‚ ecological‚ ethical‚ politics and policies. Among many other oil spills‚ the BP oil spill in the Gulf of Mexico‚ occurred on April 20‚ 2010 was recorded as the greatest environmental disaster in our history (BP leak the world’s worst accidental oil spill‚ 2010). The goal of our research is to seek possible solutions to reduce the risks of offshore oil spills. To attain this goal
Premium Petroleum Exxon Valdez oil spill Oil spill
Deepwater Horizon oil spill July 5‚ 2010 Word count: Background: BP plc is a British-based global energy company which is the third largest energy company and it is the United Kingdom’s largest corporation the fourth largest company in the world (BP‚ Wikipedia). Its name is initials of the company’s former legal names British Petroleum. British Petroleum merged with Amoco in December
Premium Oil spill Petroleum Exxon Valdez oil spill
sample of oil. The TBN of a used oil can aid the user in determining how much reserve additive the oil has left to neutralize acids. The lower the TBN reading‚ the less active additive the oil has left. Oil’s function is to lubricate‚ clean‚ and cool the engine. Additives are added to the oil to enhance those functions.Viscosity: Technically‚ viscosity is defined as resistance to flow. Commonly though‚ we think of it as an oil’s thickness. To be more specific‚ it is the thickness of an oil at a given
Premium Lubricant Petroleum
The Effects of Oil Prices on Our Nation’s Economy Introduction As one may have noticed in the past few years the price of oil has risen drastically. Either at the gas pump or at home in the winter with the heating bill the price of oil effects everyone. The beginning of this paper discusses what OPEC is‚ what it does‚ and why it is good or bad. Also it will begin to discuss the price of oil in the global oil market but mostly in our nation’s economy: who‚ what‚ when‚ where‚ why‚ how.
Premium Petroleum Peak oil
THE VOLATILITY PRICE OF CRUDE OIL AND ITS RESPONDENT FACTOR Dr. R. Thenmozhi *‚ Trinley Paldon ** *Associate Professor‚ Dept of Management Studies‚ University of Madras‚ Chennai. Email:thendeivam@yahoo.com ** Research Scholar‚ Dept of Management Studies‚ University of Madras‚ Chennai. Email: trinley21@yahoo.co.in Abstract The pricing of crude oil in domestic monetary policy has always been efficacious in controlling or keeps in touch with the inflation. The immediate effects of inflation sparse
Premium Peak oil Inflation
1 – Global Resources The distribution of natural resources like oil and gas are unevenly distributed across the world (Stutz‚ 2007). This essay will explain where the majority of oil and gas is located. Thereafter‚ the focus will be on the benefits and drawbacks of countries that are dependent on oil/gas. Finally‚ a conclusion will be given which sums up the most important factors. Allocation Oil/Gas The majority of the oil reserves are located in the Middle East. An estimate of 65% of the
Premium Petroleum Saudi Arabia Kuwait
Increasing Oil Production in the United States of America Crude oil is a major source of energy for the world. Everyday the United States consumes more crude oil than it produces. The growing number of barrels of oil imported into the Unites States and rising gas prices are major concerns. Even though increasing the United States crude oil production may not lower gas prices immediately‚ it will eventually allow the United States to be energy independent. Oil is used in many different ways
Premium Peak oil Natural gas Petroleum
THEORETICAL BACK GROUND. Market: Basically a market is a place where buyers and sellers gather exchange goods and services. A market consists of all potential customers sharing a particular need or want that might be willing a able to engage in exchange to satisfy that need or want. The size of the market depends upon the number of persons who exhibit the need have resources that interest others and are willing to offer these resources in exchange for what they want
Premium Petroleum Marketing
Investigatory Project The price hike for oil products has caused problems for consumers. The oil products for transportation purposes are not an exemption like the use of gasoline‚ diesel‚ and other products. The use of alternative energy resources is one of the solutions to this energy crisis. This study attempts to make a kind of diesel additive that can be used for the production of bio-diesel. The study uses an extraction of oil from the nipa palm tree scientifically known as nipa fructicosa
Premium Arecaceae Biofuel Petroleum
Case studies in the Oil and Gas industry Piper Alpha Piper Alpha was a North Sea oil production platform operated by Occidental Petroleum (Caledonia) Ltd. The platform began production in 1976‚ first as an oil platform and then later converted to gas production. An explosion and resulting fire destroyed it on July 6‚ 1988‚ killing 167 men‚ with only 59 survivors. The death toll includes 2 crewmen of a rescue vessel. Total insured loss was about £1.7 billion (US$ 3.4 billion). At the time of
Premium Oil platform Petroleum Drilling rig