oil
An oil is a substance with unique chemical properties, which presents several defining characteristics, including retaining a liquid form at ambient temperatures and not mixing with water. There are several types of oils, such as vegetable, petrochemical, synthetic and volatile essential oils.
Organic oils are produced by plants and animals via different metabolic processes. They can be extracted directly from plants, through various processes, such as cold pressing. Crude oil, or petroleum, is considered a mineral oil, because it is extracted at great depths from rock sediments. However, petroleum is a natural byproduct of fossilized marine zoo- and phytoplankton, which has been converted to oil through geochemical processes. Etymologically speaking, petroleum means "rock oil", or oil that has been extracted from rock sediments. As sand and rock deposit on seabeds over dead algae and zooplankton, petroleum is formed over millions of years in the absence of oxygen and under tremendous pressures.
Petroleum is composed primarily of hydrogen, carbon, with trace amounts of metals, oxygen, salts and sulfur. It is obtained mainly through drilling in oilfields, which are vast areas with an abundance of oil reservoirs. Oilfield drilling equipment is used to dig wells and exploit the natural resource. Petroleum reservoirs can be found either on land or on the seabed, therefore a distinction is made between onshore and offshore oil drilling. New and used oilfield equipment can be acquired from companies that specialize in targeting the needs of the oil and gas industry. As oil reservoirs are often located in remote areas, a camp is usually arranged to enable a smooth drilling operation. Extraction is enabled with a drilling rig, which is a large machine designed to create shafts in the ground.
Petroleum and its byproducts have become immensely important to modern day economy, and are considered critical resources for any country. It is currently one of mankind's most important sources of fuel, but also has multiple uses in agriculture (such as being used to obtain fertilizers and pesticides), the pharmaceutical industry and the cosmetic industry. Nearly all plastic is derived from petrochemicals, as well as synthetic rubber, asphalt (or bitumen) and lubricants. Moreover, petroleum derivatives are used to manufacture furniture, photographic film, detergents, upholstery and even artificial fibers found in clothing.
You'll find bloggers talking about oil at sites like yosemite.epa.gov and eia.gov.
Original Technorati articles tagged “oil”
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in BusinessIran Oil Ban In Europe May Come Sooner

Pending legislation in Iran calls for an immediate embargo on all all imports and exports of European goods, including oil.by stephengfm / on Jan 29, 2012 -
in Social MediaWest Africa Wins Again

Visitors can be forgiven for trying to beam up to Scottby Mozart99 / on Dec 26, 2011 -
in GreenIs Algae-based Biofuel an Energy Game Changer?

Algae is one surprising potential energy source that is showing great promise.by energizeme / on Dec 19, 2011
Latest blogosphere posts tagged “oil”
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Trafigura linked to oil looted from South Sudan
The Guardian - guardian.co.uk —
Authority: 962
Commodities trader has bought containers of crude Sudan seized from its southern neighbour, industry insiders say The Swiss-based commodities trader Trafigura has bought oil the South Sudanese government claims was seized by Sudan, its northern neighbour and former civil war enemy, according to industry sources. ...17 hours ago -
Capstone Updates Mineral Resource Estimate for Footwall Zone at Cozamin Mine
PR News Wire —
Authority: 832
Tonnage Increases 53% and Contained Copper Increases 39% in the M&I Resource Class Detailed Mine Planning has CommencedVANCOUVER, Feb. 8, 2012 /PRNewswire/ - Capstone Mining Corp. ("Capstone") (TSX: CS) today announced the result of an updated National Instrument 43-101...17 hours ago -
Chavez Warning
Jehovah's Witnesses News and Archive —
Authority: 140
Oil war in South Atlantic: Great Britain vs. Latin America Buenos-Aires and other cities of Argentina have many monuments dedicated to the officers and men, who died on the Malvinas Islands. Hundreds of shields along the Argentinean roads carry a single line: Las Malvinas son Argentinas (Las Malvinas belong to ...18 hours ago -
NEAH Energy Appoints Senior Energy Executives to Advisory Board
eReleases Press Release Headlines —
Authority: 131
WILMINGTON, N.C., Feb. 8, 2012 — Newco Energy Acquisition Holdings LLC (NEAH Energy), an energy-related asset and services acquisition firm, has announced the addition of three senior energy and industrial industry executives to its advisory board. New to the team is Pat Markey, recently COO of Global Coal Limited ...18 hours ago -
5 Reasons Big Energy Companies Wont Do Deals in 2012
TheStreet.com —
Authority: 602
NEW YORK (TheStreet) -- Energy stocks are always fodder for the mergers and acquisitions rumor mill, and its no different in 2012 as the sector isnt lacking for trends to spur M&A.; The North American market is a good place to focus, with oil service companies dealing with a slower pace of growth and increased ...18 hours ago -
Binary Options Signals: Crude oil jumps to near USD100 barrel
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Greece’s PM will meet the chiefs in Athens for today, the Greece’s officials and international creditors bargain over the terms delayed twice. Yesterday the Prime Minister of Greece took an unscheduled meeting with the troika, embracing the European Commission, the European Central Bank and the International ...18 hours ago -
UAE to pump more crude to Asia to cut reliance on Iran
Dubai Business | Kippreport —
Authority: 539
Asia consumes more than half of Iran’s exports of 2.6 million barrels per day (bpd) but China, India and Japan — its three biggest customers — are under pressure to seek crude from other suppliers as sanctions undermine sales from OPEC’s second-largest producer. The UAE’s Abu Dhabi National Oil Co. (ADNOC) ...18 hours ago -
Shell sees Iraq’s Majnoon at 175,000BPD by year-end
Dubai Business | Kippreport —
Authority: 539
The 12.6 billion barrels Majnoon is one of the major fields alongside Rumaila, West Qurna Phase One and Zubair that the OPEC-member is developing with foreign companies in the south as it recovers from years of war and sanctions. “I would be happy if I have most of the facilities ready and constructed by the end of ...19 hours ago -
Keystone XL benefits from taxpayer subsidies
Oil Change —
Authority: 481
Sen. Mitch McConnell claimed recently that the Keystone XL Pipeline “ doesn’t require a penny of our taxpayer money all the president has to do is approve it .” But our research reveals many places that the pipeline project benefits from many taxpayer subsidies. The refineries preparing to process the ...19 hours ago -
Rare Moroccan Argan Oil – Now Made In Israel
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Tweet Argan oil, rich in vitamin E and fatty acids, has become the sensation of the decade, sought after by chemists, dieticians, hair salons, chefs and cosmeticians. The only problem with Argan was its availability: The Argan tree takes 15 years to yield nuts and one tree can yield only a couple liters of oil, ...19 hours ago -
Statoil earnings surge on higher oil, gas prices
Business Finance & Economy - business.marc8.com —
Authority: 139
Norwegian oil company Statoil ASA on Wednesday said its profits soared in the fourth quarter on higher oil and gas prices and a one-time gain from the sale of a stake in a gas transportation company.19 hours ago -
IOCL Jobs 2012 Officers and Managers
Indian Government Jobs | Employment News in India —
Authority: 124
Indian Oil Corporation Limited (IndianOil) (Research & Development Centre) Faridabad invites applications from Indian Nationals desirous of a career in Research & Development. The...19 hours ago -
Countdown from 2006/07 by Frank AllenAnother Gif showing its...
Franks Daily Doodle —
Authority: 123
Countdown from 2006/07 by Frank Allen Another Gif showing its Age very dated.19 hours ago -
The Hidden Danger of the Gas Boom
Oil Change —
Authority: 481
The hype surrounding the US gas industry continues to grow as America moves ever closer to its cherished dream of energy independence. Yesterday, Bloomberg reported that “the U.S. is the closest it has been in almost 20 years to achieving energy self-sufficiency, a goal the nation has been pursuing since the ...20 hours ago -
Stork Technical Services lands major West Africa subsea inspection project
yourindustrynews —
Authority: 122
Stork Technical Services (Stork), the leading global provider of knowledge-based asset integrity management services for the chemical, oil and gas and power sectors, today announces a major £10million contract win for subsea inspection activity with a major operator, offshore West Africa. Stork announced the ...20 hours ago -
Oil and Gas Industry looking to the future with confidence as Salary Guide reveals sentiment and wages continue to rise strongly
yourindustrynews —
Authority: 122
Wages and confidence are surging in the global oil and gas industry, according to the annual Salary Guide produced by Hays Oil & Gas and leading jobsite Oil and Gas Job Search. The Salary Guide, based on over 14,000 respondents worldwide, reveals an industry generally brimming with confidence despite widespread ...20 hours ago -
Buy Cheap Mazola 100% Pure Corn Oil 48 oz (Pack of 12)
Cheap Breakfast Food Sale Black Friday Cyber Monday 2011 Deals —
Authority: 121
Price : $77.40 Save : $45.70 (37%) 0 grams of trans fat. Features Product Type: Original Print Ad; Color Grade: Near Mint / Very Fine Dimensions: Approximately 9.75 x 12.5 inches; 25 x 32 cm Authentication: Dual Serial-Numbered Certificates of Authenticity w/ Full Provenance ...20 hours ago -
BP Announces Plan to Sell its Global LPG Bottles and Tank Filling Business
yourindustrynews —
Authority: 122
BP announced today that it intends to sell its LPG bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non refinery-integrated wholesale business.20 hours ago -
BP Fourth Quarter and Full-Year 2011 Results
yourindustrynews —
Authority: 122
BP’s fourth-quarter replacement cost profit was $7,606 million, compared with $4,614 million a year ago. For the full year, replacement cost profit was $23,900 million compared with a loss of $4,914 million a year ago. Replacement cost profit or loss for the group is a non-GAAP measure. For further information see ...20 hours ago -
Orca announces commencement of drilling the first well in its $130 million expansion programme
yourindustrynews —
Authority: 122
TORTOLA, British Virgin Islands, Feb. 6, 2012 /CNW/ - Orca Exploration Group Inc (”Orca Exploration” or the “Company”) announces commencement of the drilling in Tanzania of a new gas production well (”SS-11″) on Songo Songo Island. The well is part of a previously announced US$130 million expansion ...20 hours ago



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