Oil Gas Information

The Kyoto agreement introduced in 1991 helped the whole world to consider more about the environmental protection. Since we have more and more information showing that climate change is affecting the world, it is not surprising for us to find that almost all companies would try to take the responsibility to reduce the negative impacts on global warming. Therefore, the oil gas industry is also trying to do something in this direction indeed. Read the rest of this entry »

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. The concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells. Read the rest of this entry »