Petroleum Industry Research is a very important aspect related to Petroleum industry all over the world. Its significance is increasing with the passage of time due to the following aspects :-
Petroleum is a non-renewable resource and is available under the earth's crust in limited quantity. So, research becomes essential in case of exploration of petroleum so that the supply side of it remains viable during the near future.
Petroleum Industry is generally accompanied by huge amount of pollution emission which required to be checked for social welfare. Hence, extensive Petroleum Industry Research is required in this field for the innovation of cutting edge technologies for controlling pollution emission.
Technologies for upstream as well as downstream projects
Research becomes necessary for the invention of catalysts
Petroleum Industry Research becomes important for innovation of technologies for the sake of desulfurization.
Implementation of nanotechnology in the field of Petroleum is an essential aspect of modern petroleum industry.
Petroleum Industry Research deals with the following different categories :-
Research is generally performed on upstream technologies under the following heads :-
Studies performed on geological as well as geophysical aspect for determining the petroleum rich site.
Studies relating to the petrophysical aspect
Studies and research related to managing the reservoir of petroleum
Petroleum Industry Research required for increasing the production of petroleum products
Research is generally performed on downstream technologies under the following heads :-
Research is required for the process for hydro-conversion
Extensive study is required on part of the experts and analysts involved in Petroleum Industry Research for preparing carbon nanotubes.
Research becomes extremely important in case of formulating lubricants of new types.
Formulation of the base oils of synthetic type and its consequent production requires extensive research.
Petroleum Industry Research is inevitable in case of innovation of fuels of alternative type so that the emission of pollution is restricted to a minimum level along with efficient utilization of fuel.
There is a new bank on UK's High Street. While Virgin Money has been around since 1995,the company only came into serious prominence when it finalised the deal to acquire troubled bank Northern Rock on the 1st of January this year. But will the deal to take over Northern Rock be a good result for the public who bailed out the bank during the financial crisis? And what impact will Virgin Money have on the UK's banking sector?
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Professor at Columbia University. Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 & the John Bates Clark Medal in 1979. Author of "Freefall: America, Free Markets", "The Sinking of the World Economy", "Globalisation and its Discontents" & "Making Globalisation Work".
Chancellor of the Exchequer of the United Kingdom from 1992 to 2007. Prime Minister of the UK between 2007 and 2010. Inaugural 'Distinguished Leader in Residence' at New York University. Advisor at World Economic Forum