Malaysia Palm Oil Industry
Category: Oil and Gas Industry
Fuel, Fuel Oil
Any combustible substance that generates heat, power and energy when ignited can be classified as a fuel. Coal, wood, petrol and diesel are good examples of commonly used fuels.
Heavy commercial fuels obtained from crude oil are called fuel oil. Some facts about fuel oil are:
- Comprises of long hydrocarbon chains
- Are highly combustible
- Employed to generate heat or power in boilers, furnaces and engines
Types of Fuel
Fuel can be classified into the following categories:
Peak Oil – Hubbart’s Peak
Hubbard’s Peak Oil Theory – When Will we Reach Peak Oil Production?
Simply put, peak oil is a term that reminds us that our world oil reserves are nonrenewable. Doomsday proponents have long been warning us that we’ve reached peak oil and we will wake up one day and find that there is no more oil left in the world. How far is this day and how will it affect us? Are we doing anything to delay it?
Iran Oil and Gas Industry
As per reports of Iran oil and gas industry, China National Petroleum Corporation, which is a major oil and gas company in China, has inked a deal for developing an Iranian oil field at north Azadegan.
As per predictions of Bank Melli Iran, oil and gas industry of Iran would amount to 15.44 percent of demand for oil in middle east by 2013. This forecast also says that by that time oil and gas industry in Iran would be able to provide 15.17 percent of oil supply coming from middle east region.
China Oil and Gas Industry
Latest news of China oil and gas industry
Present condition of companies within China oil and gas industry is not exactly good as most companies are expecting losses. Petroleum and Chemical Corporation (Sinopec), biggest refinery in Asia with regard to output, expects that there would be a drop of over 50 percent in net profits that have been accrued in 2008. Much of this could be attributed to heavy losses it has suffered in refining activities.
Bahrain Oil and Gas Industry
From 15th to 18th of March 2009 MEOS 2009 would be held in Bahrain. This is a big event for Bahrain oil and gas industry as it would be attended by best professionals operating within this industry.
Over years MEOS has played a major role in oil and gas industry of Bahrain. This event has been credited with creation of a platform where individuals and establishments within oil and gas industry in Bahrain can discuss some major issues like human resource, advancements in technology and demand for products of oil and gas industry at Bahrain.
Brunei Oil and Gas Industry
In 2009 Brunei oil and gas industry became a part of Gas Exporting Countries Forum (GECF) along with other countries like Algeria, Iran, Bolivia, Qatar, Venezuela, Libya, Egypt, Malaysia and Indonesia. This organization would be incorporating a structure of price control that is like Organization of Petroleum Exporting Countries.
