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Shale gas is an unconventional fossil fuel as compared to normal natural gas which is trapped in reservoir formed by impermeable rocks. The shale gas is stored within the pores of the shale rocks which work both as a source and the reservoir.USA and Canada have discovered the shale gas and are...
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Acquiring assets on a worldwide scale is strategically important for any country's fruitful implementation of plans for manifold growth and development. It is essential for energy security and sufficiency. With the widespread scarcity of oil sources in the non-OPEC countries acquisition of oil...
Persistent link: https://www.econbiz.de/10013112610
Oil is the world‘s biggest and most pervasive business, the greatest of the great industries that arose in the last decades of the nineteenth century.These words of Daniel Yergin in his book, The Prize (1991), which chronicles the development of the world‘s oil industry, highlight the...
Persistent link: https://www.econbiz.de/10013112611
As India is opening up its regions of oil & gas Exploration, Production, Refining and Marketing and is set to become a potential exporter in this multi-billion dollar industry. India is well placed to be a major player in the hydrocarbon value chain as it has 20 refineries with a total refining...
Persistent link: https://www.econbiz.de/10013112622
Oil is the world's biggest and most pervasive business, the greatest of the great industries that arose in the last decades of the 19th century. The words of Daniel Yergin in his book, "The Prize" (1991), which chronicles the development of the world's oil industry, highlight the importance of...
Persistent link: https://www.econbiz.de/10013014094
Currently, it is a fact that many of the world's leading oil producing countries are either politically unstable or are at serious odds with the USA. In the past, a country's military was the sole arbiter of her strength, but today it is the economy that has become nearly as important and all...
Persistent link: https://www.econbiz.de/10013014172
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Natural gas has emerged as the most preferred fuel due to its inherent environmentally benign nature, greater efficiency and cost effectiveness. The demand of natural gas has sharply increased in the last two decades at the global level. In India too, the natural gas sector has gained...
Persistent link: https://www.econbiz.de/10014174238
The world is facing two major energy problems - climate change and peak oil. The depleting oilfields are on the rise. Oil companies are going farther into the ocean to dig deeper in their quest for the fossil fuels. Some have even started their exploration activities in the Arctic Ocean and the...
Persistent link: https://www.econbiz.de/10014174243