Posts Tagged ‘hydrocarbon’

Bitumen

Definition Bitumen refers to an oil-based non crystalline solid substance produced naturally or from crude oil refining. Bitumen is mostly composed of highly condensed polycyclic aromatic hydrocarbons. After refining, Bitumen is the more viscous, heaviest and thickest petroleum derivative. Comments Natural bitumen is an unconventional oil,  sticky, looking like tar and more viscous […]

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Oil shale

Definition Oil shale refers to solid hydrocarbon (kerogen) rock resulting from a decomposed organic matter still at solid state, in a sedimentary rock unit. The oil shale may also be called black shale. Oil shale and shale oil must not be confused as they do not mean the same thing since shale oil designates […]

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Tight oil

Definition Tight oil refers to the light crude oil trapped in shale, limestone and sandstone formations characterized by very low porosity and permeability. Tight oil is normally a light crude oil found in the sedimentary formations that may also be called light tight oil (LTO) or tight shale oil or […]

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“PSC”

Definition PSC is the acronym of Production Sharing Contract. PSA may also be used to refer to Production Sharing Agreement Comments PSC is an agreement between the parties to a well and a host country regarding the percentage of oil and gas production each party will receive after the participating parties […]

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Benzene

Definition Benzene is a colorless, sweet smelling, highly toxic, flammable, liquid aromatic hydrocarbon. Derived from petroleum, Benzene is used in or to manufacture a wide variety of petrochemical products. Benzene evaporates into the air very quickly and dissolves slightly in water. Benzene may also be called benzine or benzol. Comments […]

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ADNOC selects OMV and Wintershall for Shuwaihat sour gas

OMV and Wintershall to appraise Shuwaihat sour gas and condensate field The Abu Dhabi National Oil Company (ADNOC), signed a Technical Evaluation Agreement (TEA) with OMV Abu Dhabi E&P GmbH (OMV) and Wintershall Middle East GmbH – Abu Dhabi (Wintershall) to appraise the sulfur rich sour gas (H2S and CO2) and condensate field […]

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Gazprom and Novatek signed Memorandum on Yamal

Gazprom and Novatek to boost Yamal giant fields development  The Yamal Peninsula and the near by Gydan Peninsula concentrate among the biggest reserves of natural gas and condensate in the world. The exploration of the Yamal Peninsula and offshore area around has disclosed 11 natural gas  and 15 oil, natural gas  and condensate fields with […]

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Shell and Qatar to bridge long term partnership

Shell to become the biggest investor in Qatar Through giant projects like Qatargas LNG 4  and Pearl GTL, Shell has become a key player in Qatar. These projects requested more than $ 26 billion capital expenditure on the top of which Shell is planning additional $ 6 billion for a greenfield Ras […]

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“QIA”

Definition QIA is the acronym of Qatar Investment Authority Comments Headquartered in Doha, Qatar, the Qatar Investment Authority represents the Qatar Sovereign Wealth Fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country’s economy by diversifying into new asset classes. The QIA is structured to […]

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ENI increases acreage in Polish and Ukrainian shale gas

After Polish Baltic Basin ENI goes to Ukrainian Dniepr-Donetz and Lviv Basins In 2010, the Italian Major IOC Eni had acquired Minsk Energy Resources to become operator of three licences in the Polish Baltic Basin, a highly prospective shale gas play located in the north-east of Poland. In Poland ENI could […]

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