Sources Of Oil And Gas Essay - 1486 Words

Unconventional sources of oil and gas are becoming important for the journey of energy security. Conventional oil and gas will be unable to meet the growing demand requirements in future so there is a need to look for alternative resources of energy. In a volatile oil price movement, unconventional resources are viewed as important and economically attractive for future continuous supply. The impact of US shale gas success has been felt throughout the world. India is known to have good amount of recoverable Shale gas reserves, and if these are commercially and economically produced, it could revolutionize the energy market. It may also provide energy security to India. India is the fourth largest consumer of oil and gas in the world and the demand and supply gap has been widening over the years. There is need to find an alternative that helps in filling the gap between demand and supply. In India there are huge petroliferous basins that have shale deposits and can be extracted. The Government of India has provided impetus to this by announcing Shale gas policy to promote Shale gas exploitation. This report is about planning and proposing a strategy for shale gas development projects in India. MS project software has been used to carefully manage and keep a track of activities in the given timeline. Application of PERT and CPM has helped to identify the critical path for the project. Once the critical events are known then a close monitoring is required for efficient projectShow MoreRelatedSources Of Oil And Gas Essay1960 Words   |  8 PagesAbstract Unconventional sources of oil and gas are becoming important for the journey of energy security. Conventional oil and gas will be unable to meet the growing demand requirements in future so there is a need to look for alternative resources of energy. In a volatile oil price movement, unconventional resources are viewed as important and economically attractive for future continuous supply. The impact of US shale gas success has been felt throughout the world. India is known to have goodRead MoreFracking : A Source Of Obtaining Oil And Gas2132 Words   |  9 Pagesprocess in which gas and oil are extracted from rock formations thousands of feet underground. While there are definite benefits of using fracking, there are also environmental issues that we need to be aware of. There are green alternatives to hydraulic fracturing, and further research needs to be done to identify the possible long term environmental and health concerns that are associated with fracking before our government continues to use it as a source of obtaining oil and gas. In 1949 HalliburtonRead MoreOil And Natural Gas : A Source Of Strategic Power956 Words   |  4 PagesOil and Democracy in Middle East Fossil energy (i.e. coal, oil and natural gas) is generally considered as a main force that drives innovation of new technology and highly developed economy around the world from industrial revolution. 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It is majorly dependent on key factors such as the customer needs, state of economiesRead MoreNatural Gas, Petroleum and Byproducts Essay1684 Words   |  7 PagesINTRODUCTION Crude oil and natural gas have become the leading natural resources of our generation. This is because of the increase in the demand of its byproducts such as petroleum products (Gasoline, diesel etc) and natural gas (e.g. propane gas) used in heating homes. This increase in demand for oil products has made the petroleum industry very successful and many professionals have directed their expertise towards its location, extraction, purification and sale. Petroleum products and natural gas are usedRead MoreFossil Fuels ( Oil, Coal, Natural Gas )1743 Words   |  7 Pages Fossil Fuels (Oil, Coal, Natural Gas) Debbie Burrell SCI2000 Gwynedd Mercy University Abstract Fossil fuels are non-renewable sources of energy that were form billions of years ago. The three different types of fossil fuels in the world include: oil, coal and natural gas. Although each of the three types of fossil fuels are extracted differently they are all processed and used as the world’s primary sources of energy. Being the world’s primary sources of energy, fossil fuel experienceRead MoreThe Conventional Sources of Energy That Is Widely Utilized in Oman740 Words   |  3 PagesThe conventional sources of energy that is widely utilized in Oman In 1925, Oman discovered the biggest basis of income in the Sultanate. Namely, standard basis of energy. Standard or non renewable basis of power way the power basis that is industrialized millions of years ago and it cannot be refurbished or substituted by new comparable one in the locale of the utilized ones (omaninfo.com, 2002). As well as Oman depends considerably on two main origins of power, oil and gas. They are said to beRead MoreFossil Fuel Vs. Fossil Fuels1684 Words   |  7 PagesThere are 3 types of fossil fuels that we use today. Oil, coal, and natural gas make up the majority of our energy source. These resources have been developing in the earth’s crust for billions of years before humans came into existence. Without fossil fuels the world would not be where it is today. The purpose of this paper is to explain the fundamentals of each fossil fuel, the advantages and disadvantages of using fossil fuels as an energy source, and how they shape the world we live in today. Non-RenewableRead MoreIncreasing Oil Production in the United States of America1306 Words   |  6 PagesIncreasing Oil Production in the United States of America Crude oil is a major source of energy for the world. Everyday the United States consumes more crude oil than it produces. The growing number of barrels of oil imported into the Unites States and rising gas prices are major concerns. Even though increasing the United States crude oil production may not lower gas prices immediately, it will eventually allow the United States to be energy independent. Oil is used in many different waysRead MoreAnalytics In Oil And Gas Essay1068 Words   |  5 PagesRole of Analytics in Global Oil Gas Introduction: The usage of oil and gas goes on increasing day by day. So, the methods used for extractions must be changed to face the normal need of these oil and gas in future. There are many challenges which the oil and gas industries are facing to satisfy the demand of these resources. To overcome these challenges, the use of digital data kicks in the form of Big Data and Analytics helping to collect and analyze vast amount of data which are obtained during