Russian oil company

Russian oil company Lukoil suffered a major setback last week in its attempts to secure developing rights for the West Qurna oil field in Iraq. Although Lukoil signed a contract with the now deposed Saddam Hussein which gave it rights to develop the field

The Rumaila oil field in Iraq.

Iraq Oil Ministry spokesman Asim Jihad told news agency Reuters that the second bidding round was supposed to take place at the end of 2009, but a sooner date could now be announced

Big Oil Still Finds Barrier In Libya

By GUY CHAZAN The release of the Lockerbie bomber triggered speculation that British energy companies trying to access Libya's oil wealth could soon hit a bonanza.

Oil Petroleum Supplies

HOW TO - Grow your own oil

The best way to learn how to make your own backyard biodiesel is to start with a one-liter batch. It's easy to make a small batch that will work in any diesel engine. You won't need any special equipment--an old juice bottle will serve as the "reactor" vessel--and on such a small scale, you can quickly refine your technique and perform further experiments.

BLACK GOLD

The one energy related issue I have not previously discussed is petroleum, gasoline, oil, black gold. Whatever you want to call it, it is the the main source of the problems we face today. Our economy is driven by oil (no pun intended). As reserves dwindle, we find ourselves on a slippery slope. Do we look the other way? Do we put time and resources into research? I have discussed the possible alternative energy sources. Now it's time to hit the crux of the matter.As with the other fossil fuels, it is good to discuss the origins of oil. There are several conditions that need to be perfect or nearly perfect for oil to form:1. Basins at the edges of the oceans must have a high concentration of organic material (5% or over) in their sedimentary rock. These conditions are extremely rare. If it weren't, there would be a lot more oil than there is currently.2. The sediments have to be withing the oil window, 7500-15000ft. At 7500ft, the temperature causes large organic molecules to break down. Molecules with 5-20 carbon atoms are liquid at room temperature and pressure. Any less than 5 and the molecule is a gas at room temp and pressure.3. Organic rick sediment buried below 15000ft will be "dry" natural gas, not oil.4. About 90% of the oil finds its way to the surface via oil seeps. Only 10% gets trapped underground.5. Porous rocks such as sandstone, limestone (CaCO3), and dolomite (CaMg(CO3)2) must be present to serve as reservoirs.6. The pores in the host rock must be connected to each other, allowing for oil flow (permeability). The larger the pores in the rock, the more permeable it is. That being said, the permeability is the square of the grain size. Increasing the grain by 2 increases permeability by 4. And so on.7. There must be a layer of rock above the oil reservoir that is relatively leak-proof. A few examples of such cap-stone rock types are fine-grained mudstone, halite (NaCl), and anhydrite (CaSO4).Without even one of these factors, there will be no oil. The Middle East is prime oil country as the conditions there are just near perfect. As it stands, Saudi Arabia is the largest producer of oil in the world (7.7 million barrels/day with only 1600 working wells). The next largest produces are Russia (7.4 mil barrels/day, 41000 wells) and the United States (5.8 mil barrels/day, 521,000 wells).

Three Types of Fossil Fuels Petroleum Coal Natural gas

three main types that are widely utilized for energy production are: PetrPetroleum: petroleum or also called crude oil form mainly from marine vegetation and bacteria that lived in the saltwater environment like the oceans, millions years ago. This types of fossil fuel encompasses multiple types of hydrocarbon which are compounds consisting primarily of hydrogen and carbon are often found in the same locations as natural gas, each of which can be extracted for energy production. Petroleum also can be used in the production of plastic and medications among many other products.
Coal: formed from died plants (include plants, moss, and ferns) which lived in swamps, bogs and environment near shorelines million years ago. Covered with sediment and pressed deep down in earth over time, those plants are affected by mounting heat and pressure. Under such of condition these organic matter becomes richer in carbon and hydrogen and deprived of oxygen. Coal developed in various stages based on its increasing carbon content. The purest form of coal is graphite, which consists almost entirely of carbon. Coal with higher levels of carbons burns cleaner than those with lower levels.
Natural Gas: this type of fossil fuels is commonly used in residential application and has myriads of other application. Natural gas burns cleaner than coal and petroleum. Consisting mostly of methane, natural gas just like petroleum formed mainly from the remains of plankton and other small water organism such algae which lived million years ago, and formed through similar process like petroleum.oleum, coal and natural gas.