Visible surface features such as oil seeps, natural gas seeps, pockmarks (underwater craters caused by escaping gas) provide basic evidence of hydrocarbon generation (be it shallow or deep in the Earth). However, most exploration depends on highly sophisticated technology to detect and determine the extent of these deposits using exploration geophysics. Areas thought to contain hydrocarbons are initially subjected to a gravity survey, magnetic survey, passive seismic or regional seismic reflection surveys to detect large-scale features of the sub-surface geology. Features of interest (known as leads) are subjected to more detailed seismic surveys which work on the principle of the time it takes for reflected sound waves to travel through matter (rock) of varying densities and using the process of depth conversion to create a profile of the substructure. Finally, when a prospect has been identified and evaluated and passes the oil company's selection criteria, an exploration well is drilled in an attempt to conclusively determine the presence or absence of oil or gas.
The Energy Information Administration estimates that in 2007 the primary sources of energy consisted of petroleum 36.0%, coal 27.4%, natural gas 23.0%, amounting to an 86.4% share for fossil fuels in primary energy consumption in the world. Non-fossil sources in 2006 included hydroelectric 6.3%, nuclear 8.5%, and others (geothermal, solar, tidal, wind, wood, waste) amounting to 0.9%. World energy consumption was growing about 2.3% per year.
Lebanese PresidentMichel Aoun said Wednesday that Israel's signing of an oil and gas exploration contract in a disputed maritime area contradicts the UN-hosted indirect negotiations between Beirut and Tel Aviv...Last week, Israel signed an oil and gas exploration contract with the ...
Offshore seismic player Shearwater GeoServices has been awarded a 3D seismic exploration survey contract by the Australian oil and gas exploration and production company Beach Energy... to commence a survey on behalf of oil and gas giant ConocoPhillips.
President of the Guyana Oil and GasEnergy... THAG represents all the hotels, restaurants, resorts, tours – so while persons are here to have the all-important oil and gas conversations, they also need to take some time off to explore Guyana and that is where THAG comes in.
The federal government sold 47 leases to prospectors planning to drill for oil and natural gas in the Badger-Two Medicine... ‘Tell me where the sacred sites are, and we’ll put protections there and throw the rest open to oil and gas development.’ That’s where the impasse occurred.
The most obvious option to my mind is to invest in oil and gas producers ... We’ll be looking at this in more detail in an upcoming issue of MoneyWeek magazine (get your first six issues free here), but one straightforward way to play the sector is through the iShares Oil & GasExploration & ProductionUCITSETF (LSE.
The benchmark index had dropped more than 2% on Monday to record its worst day in seven months. Energy stocks added nearly 1.5% - their best session in a week - as oil prices jumped on signs of U.S. supply tightness. Major oil and gas explorer Santos Ltd advanced 1.1%, while peer Woodside Petroleum closed 1.7% higher ... .
Let’s do a comparative study between the WTICrude Oil (CL) and an Exchange-Traded Fund (ETF) tracking this energy commodity as the underlying asset ... Crude Oil (CL) Futures Vs ... In conclusion, we explored in this article the different ways to trade our Oil and Gas Trading Alerts using a broader range of products ... Oil & Gas Trading Strategist.
On Tuesday, metal stocks (.NIFTYMET) were trading 0.2% higher. Investors are now awaiting cues on the U.S ...State-owned explorer Oil and NaturalGas Corp (ONGC.NS) jumped more than 3% to be the top gainer on the Nifty 50 index, while Hindustan Unilever (HLL.NS) advanced 1.7% to help the consumer goods sub-index (.NIFTYFMCG) advance 0.5% ... Our Standards.
of Toronto, a provider of flow-through share donation financing (FTSDF), and as a sell-side mining analyst with Laurentian Bank Securities in Montreal, covering gold, base metals, diamond and uranium exploration and development issuers as well as unconventional shale oil and gas plays in Québec.
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