Baker Hughes Company is an American energy company based in Houston, Texas. As one of the world's largest oil field services companies, it provides products and services for oil well drilling, formation evaluation, completion, production, and reservoir consulting. It operates in over 120 countries, with research and manufacturing facilities in Australia, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, Oklahoma, Louisiana and Missouri. From 2017 to 2020, the company was majority owned by General Electric (GE); however, GE no longer owns an economic stake in the company. The company is incorporated in Delaware.
Peak oil is the theorized point in time when the maximum rate of global oil production will occur, after which oil production will begin an irreversible decline. The primary concern of peak oil is that global transportation heavily relies upon the use of gasoline and diesel fuel. Switching transportation to electric vehicles, biofuels, or more fuel-efficient forms of travel may help reduce oil demand.
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
Eugene McDermott was an engineer and geophysicist who co-founded Geophysical Service Incorporated (GSI) in 1930 and later its parent company Texas Instruments in 1951. One of his most widely acclaimed early patented inventions enabled oil exploration equipment that used reflection seismographs to map underground rock strata using sound wave technology, a method still widely used today in oil exploration. Other inventions ranged from geochemical applications to antisubmarine warfare, often focusing on the use of sonar.
The Ministry of Petroleum (MOP) (Persian: وزارت نفت, romanized: Vezârat-e Naft) manages the oil industry, the producer of oil and petrochemical products. MoP is in charge of all issues pertaining to exploration, extraction, exploitation, distribution and exportation of crude oil and oil products. In addition, according to the "Imports and Exports Regulation Act", issuing import licenses for such products is also among the functions of the Ministry of Petroleum. The ministry has been placed under sanctions by the United States Department of State as of 2020.
The Abu Dhabi National Oil Company, known by its abbreviation ADNOC, is the state-owned oil company of the United Arab Emirates (UAE).
The Dauletabad Gas Field is a large natural gas field located in Mary, Mary province, Turkmenistan. It is located in the vicinity of the Turkmenistan–Iran border, and is named after the Dowlatabad settlement across the border in Iran. The field is a part of the Amu-Darya oil-gas province.
The Petroleum or oil industry in Russia is one of the largest in the world. Russia has the largest reserves and was the largest exporter of natural gas. It has the sixth largest oil reserves, and is one of the largest producers of oil. It is the fourth largest energy user.
Canada has access to all main sources of energy including oil and gas, coal, hydropower, biomass, solar, geothermal, wind, marine and nuclear. It is the world's second largest producer of uranium, third largest producer of hydro-electricity, fourth largest natural gas producer, and the fifth largest producer of crude oil. In 2006, only Russia, the People's Republic of China, the United States and Saudi Arabia produce more total energy than Canada.
Proven reserves is a measure of fossil fuel energy reserves, such as oil and gas reserves and coal reserves. It is defined as the "[q]uantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered proven if it is probable that at least 90% of the resource is recoverable by economically profitable means.
Vietnam is a dynamic developing economy with a relatively high growth rate. The energy sector plays a key role in promoting the country's socio-economic development. Vietnam has a diverse energy fuel resource of various types such as coal, natural gas, petroleum, hydropower and renewables such as solar and wind energy. The country has recently been successful in renewable energy deployment, especially solar and wind power development. Coal has been the key power generation source since 2018. Coal accounted for about 30% of installed capacity and 47% of electricity generation in 2021 The high use of coal makes Vietnam an increasingly important emitter of carbon dioxide, contributing to climate change.
The proven oil reserves in Saudi Arabia are reportedly the second largest in the world, estimated in 2017 to be 268 billion barrels, including 2.5 Gbbl in the Saudi–Kuwaiti neutral zone. This would correspond to more than 50 years of production at current rates. In the oil industry, an oil barrel is defined as 42 US gallons, which is about 159 litres, or 35 imperial gallons. The oil reserves are predominantly found in the Eastern Province. These reserves were apparently the largest in the world until Venezuela announced they had increased their proven reserves to 297 Gbbl in January 2011. The Saudi reserves are about one-fifth of the world's total conventional oil reserves. A large fraction of these reserves comes from a small number of very large oil fields, and past production amounts to 40% of the stated reserves. Other sources state that Saudi Arabia has about 297.7 billion barrels.
John Clarence Karcher was an American geophysicist and businessman. He invented and eventually commercialized the reflection seismograph, applying for patents in 1919. By the patenting, and development of reflection seismography, he created the means by which most of the world's oil reserves have been discovered. In 1930 he, Eugene McDermott, and Everette Lee DeGolyer founded Geophysical Service Incorporated, a pioneering provider of seismic exploration services to the petroleum industry that focused on reflection seismology.
Everette Lee DeGolyer, was a prominent oil company executive, petroleum exploration geophysicist and philanthropist in Dallas. He was known as "the founder of applied geophysics in the petroleum industry", as "the father of American geophysics," and was a legendary collector of rare and often early edition books primarily in the fields of Southwestern history, railroads, law, geology, science, and both English and American literature.
Offshore Energies UK (OEUK), formerly known as Oil and Gas UK (OGUK), is a trade association for the United Kingdom offshore energies industry. The current Chief Executive is David Whitehouse.
Iran is an energy superpower and the petroleum industry in Iran plays an important part in it. In 2004, Iran produced 5.1 percent of the world's total crude oil, which generated revenues of US$25 billion to US$30 billion and was the country's primary source of foreign currency. At 2006 levels of production, oil proceeds represented about 18.7% of gross domestic product (GDP). However, the importance of the hydrocarbon sector to Iran's economy has been far greater. The oil and gas industry has been the engine of economic growth, directly affecting public development projects, the government's annual budget, and most foreign exchange sources.
DeGolyer and MacNaughton is a petroleum consulting company based in Dallas, Texas, with offices in Houston, Moscow, Astana, Buenos Aires, and Algiers.
Energy in the Middle East describes energy and electricity production, consumption and import in the Middle East. Energy policy of the Middle East will describe the politics of the Middle East related to energy more in detail.
Ryder Scott Company is a petroleum consulting firm based in Houston, Texas, United States. The firm independently estimates oil and gas reserves, future production profiles and cashflow economics, including discounted net present values. It assess oil reserves and evaluates oil and gas properties.
The petroleum industry in Singapore is accountable for part of the country's economy, exporting about 68,100,000 tonnes of oil. Singapore is dubbed "the undisputed oil hub in Asia."
