Activities focused on refining and selling petroleum products, including processes, distribution, and market impact.
Kelly, the steel pipe used to transfer rotary motion from the rotary table to the drill string, plays a crucial role in rotary drilling operations in the oil and gas industry.
An in-depth exploration of what a petrodollar is, its history, impact on global economics, and its role in international trade.
Detailed explanation of proved reserves, their importance in the oil industry, and how they are calculated and classified.
An in-depth exploration of petrodollars, the dollars paid to oil-producing countries and deposited in Western banks, and their significant impact on the global economy.
An in-depth exploration of netback in the oil industry, covering its definition, calculation formula, analysis, and practical example. Learn how netback is used to assess profitability.
Organic Reserve Replacement refers to the process by which oil companies accumulate reserves through exploration and production activities rather than purchasing already proven reserves. This strategy emphasizes internal development and discovery, enhancing long-term sustainability.
An in-depth exploration of unconventional oil, detailing its definition, extraction methods, types, and notable examples in the industry.
