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Oil sands: An unconventional oil source

Oil sands are a combination of sand, clay, water and bitumen, which is a sticky, black and highly viscous form of petroleum. Bitumen acts rather like cold molasses at room temperature and is generally too thick to be pumped without diluting or heating it first.

Oil sands can be found in many countries, but they’re most associated with Continue reading Oil sands: An unconventional oil source

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Will the world’s oil ever run out?

As fossil fuels, oil and gas are inevitably finite resources, yet we will not be running out of them anytime soon. In 2015, oil major BP predicted that despite booming consumption, global oil reserves would double by 2050. This may be very welcome, because ExxonMobil, which makes slideway lubricant Mobil Vactra 2, predicts in its Outlook for Energy that carbon-based fuels will continue to provide roughly three quarters of the world’s energy needs through to Continue reading Will the world’s oil ever run out?

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How American big oil came to embrace Silicon Valley

Perhaps nothing symbolizes the oil fields of America more than the nodding donkey endlessly pumping oil from the ground. This workhorse of the oil industry remained largely unchanged for a century. After all, when you can sell as much oil as you can produce for $100 a barrel, there is little incentive to invest in efficiency improvements.

The recent crash has changed attitudes, however. Even with the recent Continue reading How American big oil came to embrace Silicon Valley

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Tight oil production in the United States and Canada

You may have heard about the recent resurgence of US oil production thanks to shale oil, but this is actually a little misleading. The term “shale oil” can refer to both oil produced from oil shale and light crude oil from low permeability, petroleum-bearing formations, such as shale or tight sandstone. To avoid ambiguity, it’s usually recommended to use the term Continue reading Tight oil production in the United States and Canada

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Oil production in the United Kingdom

The United Kingdom may not be one of the world’s largest oil producers, but at 978,000 barrels a day in 2016, it remains the world number 18 for oil production and is second only to Norway in Europe. Oil and gas activities on the UK Continental Shelf (UKCS) have supported countless thousands of jobs, not just directly but also throughout Continue reading Oil production in the United Kingdom