The history of petroleum is, to some measure, the history of the modern world. The wact of low oil prices 08 demahd, supplies bhd the petroleum industry robert mabro 1. This study intends to give an overview of the latest developments in the petroleum industry, comprised of the oil, gas, and petrochemical sectors. Jeff is also the historian for the gulf coast association of geological societies gcags. He collects petroleum related postcards, photographs, postal covers, movie memorabilia, trade cards, and other assorted odds and ends. Tbe origibs and causes of the fall in oil prices the recent collapse of oil prices on spot and futures markets for crudes and products is the result of important structural and economic developments which began to unfold in the. This report was published in 1973 by the senate committee on government operations. The role of national oil companies in the international oil market pdf. The report has stirred considerable controversy, many. Unlike its forerunner, the overly ambitious and much storied petroleum industry bill pib, which adopted an allencompassing approach to the reform of the operation. Title slide of dictionary for the petroleum industry. Petroleum engineering upstream history of petroleum and petroleum engineering p. Other articles where petroleum industry is discussed. History of the oil and gas industry library of congress.
The largest volume products of the industry are fuel oil and gasoline petrol. The petroleum history of the past 60 years consists not just of technical innovation leading to new play discoveries and reversal of long held ideas but also the story of people who were focused on bringing those innovations into realities. Oil was discovered in nigeria in 1956 at oloibiri in the niger delta after half a century of. American petroleum institute, production department, 2535 one main place, dallas, tx 752023904. Petroleum industry the branch of heavy industry that includes exploration of oil and gas deposits, well drilling, extraction of oil and casinghead byproduct gas, refining of casinghead gas, and pipeline transportation of petroleum. The invention of the internal combustion engine was the major influence in the rise in the importance of petroleum. The modern us petroleum industry is considered to have begun with edwin drakes drilling of a 69foot 21 m oil well in 1859, on oil creek near titusville, pennsylvania, for the seneca oil company originally yielding 25 barrels per day 4. Glossary of oilfield production terminology got definitions. The petroleum industry bill 2012 pib seeks to ensure that the management and allocation of petroleum resources in nigeria and their derivatives are conducted in accordance with the principles of good governance, transparency and sustainable development in nigeria. Also used in the context of field abandonment and commonly referred to. Petroleum industry article about petroleum industry by.
Since the nineteenth century, the united states has been using petroleum as a source of energy production. Petroleum industry article about petroleum industry by the. The national organization of the petroleum industry onip. The american petroleum institute is the oil and gas industrys trade organization. The history of the oil industry is one of radical shifts in control and dominance. The industry covers 95 percent of egypts primary energy requirements, and accounted for 30 percent of the countrys total export revenues in 2002.
From the time humans realized naturally occurring petroleum had myriad uses, they organized means and methods to try and collect it and utilize it to its fullest potential. Historical dictionary of the petroleum industry, second edition. Gabrich global is pleased to bring to you the history of the nigerian petroleum industry this week. The historical dictionary of the petroleum industry presents a concise but complete onevolume reference on the history of the petroleum industry from premodern times to the present day. The development of oil and gas has evolved over time and its numerous uses have also expanded and become an integral part of todays global economy. The petroleum industry is involved in the global business of discovering oil, extracting it from the subsurface, refining it into a variety of useable products, distributing it through pipelines and oil tankers, and finally marketing it for public use wikipedia, 2010. Of three initial entries, the newly erected downers oil works at boston was by far the most important throughout the industrys existence. National oil companies are run by state agencies while international oil companies are privately owned. Ovp presents an overview of the petroleum industry from the point of view of the asset life cycle.
Oil refineries use language and terminology that is unique to that industry and the chemical processes involved. Research and innovation for the oil and gas industry. This book enables me to understand the terminology used in oil refineries. The petroleum industry is not of recent origin, but petroleums current status as a key component of politics, society, and technology has its roots in the early 20th. Historical dictionary of the petroleum industry, 2nd ed. An introduction to the petroleum industry government of. Important dates here is a chronological summary of some of the important events impacting the evolution of the world petroleum industry with some key world events that had mainly impacted the oil industry. This second edition of historical dictionary of the petroleum industry contains a chronology, an introduction, appendixes, and an extensive bibliography. I work for a regulatory agency and inspect oil refineries, along with many other chemical processes. Petroleum in search of an industry it was not until 1856 that commercial refining of coal oil iiluminants began on a modest, almost tentative, scale in this country. The use of hydrogen as energy carrier is currently. Historical dictionary of the petroleum industry historical. Learn more about petroleum refining, including its history and the various processes used to create the different products.
Petroleum industry synonyms, petroleum industry pronunciation, petroleum industry translation, english dictionary definition of petroleum industry. For it to be the fuel that can go into a car or converted into plastics, it must go through a. The program seeks to identify domestic suppliers with potential for nationalization of goods and services currently imported. Full text of petroleum dictionary internet archive. Oil and gas production handbook an introduction to oil. Historical dictionary of the petroleum industry m s. Vassiliou, 9781538111598, available at book depository with free delivery worldwide. He collects petroleumrelated postcards, photographs, postal covers, movie memorabilia, trade cards, and other assorted odds and ends.
Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Participants will gain an understanding of exploration, appraisal, development and production phases with particular emphasis being placed on actions they can personally take within each phase to support value creation. Oil 101 history of oil a timeline of the modern oil. Also, increased access to natural resources to be used to heat homes will be harmful to the petroleum industry. Mesini encyclopedia of life support systems eolss distilling techniques were not fully developed until the midxiii century in the mediterranean areas of arabic culture, and then migrated to europe thanks to the spread of the alchemical. Historical dictionary of the petroleum industry ebook. The use of oil and gas has a long and fascinating history spanning thousands of years. Gonzalez lj 2009 historical dictionary of the petroleum.
The petroleum industry of the usa ranks first among the developed capitalist countries and the developing countries see table 2. Tbe origibs and causes of the fall in oil prices the recent collapse of oil prices on spot and futures markets for crudes and products is the result of important structural and economic developments which began to unfold in the late 1970s, and which have radically. Unlike its forerunner, the overly ambitious and much storied petroleum industry bill pib, which adopted an allencompassing approach to the reform of the operation and regulation of the nigerian petroleum. Both exploration and development have responded to several periods of low petroleum prices. To understand how the oil and gas industry works, it is also important to understand how it has changed over time. Jeff is a charter member of the petroleum history institute phi and currently serves as the president. Petroleum industry definition of petroleum industry by. The petroleum industry can be readily subdivided into two major categories that include national oil companies and international oil companies. Structure and organization of the petroleum industry. We have encountered major energy crises in 1973, 1979, and 1990. Glossary of oilfield production terminology got definitions and abbreviations. American petroleum industry from its inception in 1859 to world war i. Petroleum industry definition of petroleum industry by the. Aug 22, 2010 title slide of dictionary for the petroleum industry.
Supplies bhd the petroleum industry robert mabro 1. The oil crisis started on october 17th 1973 and lasted until june 1974. Despite the advances in alternative energy, petroleum s role is still central. The petroleum industry includes the global processes of exploration, extraction, refining, transporting often by oil tankers and pipelines, and marketing petroleum products. Shapefile the shapefile format is a popular geospatial vector data format for geographic information system gis software. I am a generalist without a degree in petroleum engineering or chemical engineering. Petroleum industry data dictionary how is petroleum. Historical dictionary of the petroleum industry by marius s. This is done through a chronology, an introductory essay, and over 400 crossreferenced dictionary entries on companies, people, places, events, technologies.
The largest international oil companies are sometimes referred to as supermajors. If you continue browsing the site, you agree to the use of cookies on this website. The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting often by oil tankers and pipelines, and marketing of petroleum products. Harraz presentation petroleum industry structure hassan z. History of petroleum exploration and development in the. The use of natural gas as substitute of coal and coke in metallrgical processes is of increasing importance in order to decrease co 2 emissions. This section contains a comparison of the rate of growth, in both physical and value terms, of the major sectors of the industry with other relevant sectors in the economy, as well as a discussion of the growing overall importance of the industry in the domestic economy. Petroleum still drives economics, geopolitics, and sometimes war. The advent of mechanical drilling of oil wells usa, 1859 is regarded as the beginning of the development of the. Historical dictionary of the petroleum industry marius s. Seismic crews in the 1930s faced remote locations that meant difficult work. It was founded in 1997 by the oil and gas industry trade associations with the aim of reducing the uk offshore oil and gas industry injury rate by 50%. The petroleum industry is not of recent origin, but petroleums current status as a key component of politics, society, and technology has its roots in the early 20th century.
Structure and conduct federal trade commission this article is an excerpt from the preliminary federal trade commission staff report on its investigations o f the petroleum industry. Texas at austin and the center for petroleum asset risk management. The oil and gas industry overview and trends nrgi reader april 2015 this reader is intended for use in conjunction with the natural resource charter. Historical dictionary of the petroleum industry book. Not long after the start of the war, when the arab countries decided to turn to the oil weapon again. The petroleum industry, however, uses the american petroleum institute api gravity scale, in which pure water has been arbitrarily assigned an api gravity of 10. However, the american petroleum institute recognized the value to the industry from the pidx committees standards activities and so the american petroleum institute sought requests for proposals from interested standards bodies and other entities that could best carry out the nonprofit mission of the pidx committee. Petroleum industry simple english wikipedia, the free. The technology platform program for the oil and gas industry was structured to meet the demands for technological innovation of the oil, gas, and shipbuilding industry. History of the petroleum industry article about history.
Petroleum refining, conversion of crude oil into useful products, including fuel oils, gasoline petrol, asphalt, and kerosene. The petroleum industry, also known as the oil industry or the oil patch, includes the global. Refining what comes out of the ground is not often a form of petroleum that can be used right away. Historical dictionary of the petroleum industry by marius. Enquiries should be addressed to the head of pr and information department. Here is a chronological summary of some of the important events impacting the evolution of the world petroleum industry with some key world events that had mainly impacted the oil industry. The dictionary section has over 500 crossreferenced entries on companies, people, events, technologies, countries, provinces, cities, and regions related to the history of the worlds. To cease work on a well, which is nonproductive, to plug off the well with cement plugs and salvage all recoverable equipment. The history of petroleum exploration around the world is colorful and. The gas, electrical, coal, nuclear energy, renewable industry, and traditional energy industry will also be. Overview of the petroleum industry petroskills training. The key factor in the industry development is who controls the key asset, the oil and gas reserves.