Definition: Oil Industry
Oil provides fuel that supplies two fifths of the world's energy needs - via power generation facilities. Oil is refined, processed into gas and petroleum products for use in power generation, manufacturing and travel. Oil is also refined into feed stocks that chemical and petroleum industries process further into modern day essential chemicals and industrial products.
Heavily compressed hydrocarbon residues - wood-based then coal, from millions of years ago and at depth beneath earth surface have broken down into a combination of thick "crude" oil and gas. An exploration industry, extraction (drilling) and processing present products available for industrial use to the world market.
With new oil fields sought by smaller exploration companies. The major companies; ExxonMobil, Chevron, Texaco, British Petroleum with Amoco and ARCO as BP, ConocoPhillips seek to coordinate extract, process and market petroleum and gas products into industry.
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Irish to support government set up oil vocational institutionsDaily MonitorBy Francis Mugerwa (email the author) The Irish government is willing to support Uganda to set up vocational institutions that will offer skills that are relevant in the oil industry. The Irish ambassador to Uganda, Ms Anne Webster, made the revelation ... |
02/04/2012 08:08 PM
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The Telegram |
Inside the CNLOPBThe TelegramFor 25 years, the Canada-Newfoundland and Labrador Offshore Petroleum Board has overseen every aspect of this province's oil industry. In a six-part series, Telegram reporter Ashley Fitzpatrick looks at the board's crucial role in oil exploration, ...and more » |
02/04/2012 12:49 PM
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