Oil was formed from the remains of animals and plants that lived millions of years ago in a marine (water) environment before the dinosaurs. Over the years, the remains were covered by layers of mud. Heat and pressure from these layers helped the remains turn into what we today call crude oil . The word "petroleum" means "rock oil" or "oil from the earth."
Oil and Gas Exploration
Oil and Gas Exploration is the search and dicoveries for hydrocarbon deposits by geologists exploring areas beneath the Earth's surface. The areas to discover oil is in organic-rich rocks such as oil shale which has been subjected to high pressure and temperature over an long period of time, taking the form of hydrocarbons. Oil and gas exploration is often an expensive operation as the results are uncertain. Offshore and remo...
Oil and Gas Exploration is the search and dicoveries for hydrocarbon deposits by geologists exploring areas beneath the Earth's surface. The areas to discover oil is in organic-rich rocks such as oil shale which has been subjected to high pressure and temperature over an long period of time, taking the form of hydrocarbons. Oil and gas exploration is often an expensive operation as the results are uncertain. Offshore and remo...
The Basics of Natural Gas
Millions of years ago, the remains of plants and animals decayed and built up in thick layers. This decayed matter from plants and animals is called organic material -- it was once alive. Over time, the mud and soil changed to rock, covered the organic material and trapped it beneath the rock. Pressure and heat changed some of this organic material into coal, some into oil (petroleum), and some into natural gas -- tiny bubbles o...
Directional Drilling of Oil Wells
Delivered Prices Follow Projected Trends in Wellhead Prices
Trends in delivered natural gas prices largely reflect changes in wellhead prices. Wellhead natural gas prices are projected to decline in the early years of the AEO2005 reference case forecast, as drilling levels increase, new production capacity comes on line, and LNG imports increase in response to current high prices. As a result, end-use delivered prices are projected to fall. After 2011, however, both wellhead and delivered natural gas pri...
Technology Advances Could Moderate Future Natural Gas Prices
In the reference case, average lower 48 wellhead natural gas prices are projected to decline from the 2004 level to $3.64 per thousand cubic feet (2003 dollars) in 2010 and then increase to $4.79 per thousand cubic feet in 2025. Technically recoverable natural gas resources are expected to be adequate to support projected production increases. As lower 48 conventional natural gas resources are depleted and wellhead prices rise, an increasing pro...
Unconventional Production Becomes the Largest Source of U.S. Gas Supply
As a result of technological improvements and rising natural gas prices, natural gas production from relatively abundant unconventional sources (tight sands, shale, and coalbed methane) is projected to increase more rapidly than conventional production. Lower 48 unconventional gas production grows from 6.6 trillion cubic feet in 2003 to 8.6 trillion cubic feet in 2025 and from 35 percent of total lower 48 production in 2003 to 44 percent in 2025....
Projected Increases in Natural Gas Use Are Led by Electricity Generators
In the AEO2005 reference case, total natural gas consumption increases from 22.0 trillion cubic feet in 2003 to 30.7 trillion cubic feet in 2025. In the electric power sector, natural gas consumption increases from 5.0 trillion cubic feet in 2003 to 9.4 trillion cubic feet in 2025, accounting for 31 percent of total demand for natural gas in 2025 as compared with 23 percent in 2003. The increase in natural gas consumption for electricity generati...
Rapid Technology Assumptions Raise Natural Gas Reserve Projections
Natural gas wellhead productive capacity directly reflects reserve levels. The AEO2005 projections for lower 48 natural gas reserves are based on expected levels of natural gas exploration and development drilling resulting from projected cash flows and profitability. In the reference case, lower 48 reserves grow to 207 trillion cubic feet in 2008, then decline slowly to 178 trillion cubic feet in 2025.
Deepwater Oil and natural Gas Discoveries and Fields
This article provides an useful link to MMS where a list of deepwater oil and natural gas in the Gulf of Mexico can be found. The table lists the nicknames of announced oil and natural gas deepwater discoveries and fields for active leases in the Gulf of Mexico.
Investing In DVCF OIL AND GAS FUND and many more....
DVCF is one of the major Project Management companies of choice in Nigeria. We provide superior technical competence, Professional expertise and Funding to our clients. Our relationship is driven by alliances / partnership with distinctive customer value proposition in our speed and quality of deliverables.
We are structured to be proactive to the opportunities in the market place. Our range of services include Project Management, Structured financing, Venture Capital / Advisory services. In addition, we offer Waste Management, Specialised tools rental, Maritime logistics through our Associated companies. DVCF is in alliance with a major mineral processing company for the production of marble blocks, tiles slabs and crushed powder.
Briefly about us
DVCF is one of the major energy project finance and management companies of Choice in Nigeria. A company that provides superior funding and management values to her customers, partners, and also achieves reasonable rewards to her employees and shareholders.
DVCF has services ranging from System Research, Project Funding/Management, Venture Capital /Advisory Services for more check out services.
The Board of Directors of DVCF is constituted by 15 members, these are people of integrity and of value. Visit the board members page for brief description...Board members
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