Archives Mensuelles: août 2012

Pipeline transport for oil and gas

One way to get oil and gas from its source to a refinery and then from a refinery to the people who use the gasoline and other products made there is with a pipeline. Oil pipelines are made from steel or plastic tubes with inner diameter typically from 4 to 48 inches (100 to 1,200 […]

Waterborne transportation: Oil barges

A barge is a flat-bottomed boat, built mainly for river and canal transport of heavy goods. Some barges are not self-propelled and need to be towed or pushed by towboats. Oil barge is specially designed for carrying base oil and finished oil with flashpoint below 60°C. Similar to dumb barges, oil barge is generally flat-bottomed […]

Waterborne transportation: Oil tankers

Crude oil must be moved from the production site to refineries and from refineries to consumers. These movements are made using a number of different modes of transportation. Crude oil and refined products are transported across the water in barges and tankers. On land crude oil and products are moved using pipelines, trucks and trains. […]

What is an FPSO ?

Floating Production Storage and Offloading vessels, or FPSOs, are used by the offshore oil and gas industry for the processing of hydrocarbons and for storage of oil. FPSOs house both processing equipment and storage for produced hydrocarbons. The basic design of most FPSOs encompasses a ship-shaped vessel, with processing equipment, or topsides, aboard the vessel’s deck and hydrocarbon […]

ORB & Dubai Crude

Besides West Texas Intermediate (WTI)  and Brent Crude, the other trading benchmarks are the OPEC Reference Basket and the Dubai Crude. The OPEC Reference Basket (ORB), also referred to as the OPEC Basket, is a weighted average of oil prices collected from various oil producing countries. This average is determined according to the production and exports […]

WTI vs. Brent

According to the International Crude Oil Market Handbook  2004 published by the Energy Intelligence Group, there are about 161 different internationally traded crude oils. They vary in terms of characteristics, quality and market penetration. Two crude oils which are either traded themselves or whose prices are reflected in other types of crude oil include West […]

An introduction

To understand the oil & gas industry it’s necessary to focus first on petroleum markets with their dynamics. The petroleum industry is composed by three separate but related sectors: crude oil and natural gas production, petroleum refining and product marketing. Crude oil is the raw material that is refined into finished products, including gasoline, diesel and […]