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History of the petroleum industry. One of the early generations of oil drilling infrastructure. Picture from the Athabasca River, Alberta, Canada in 1898. While the local use of oil goes back many centuries, the modern petroleum industry along with its outputs and modern applications are of a recent origin. Petroleum's status as a key component ...
Petroleum, also known as crude oil or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, [1] and is found in geological formations. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. Petroleum is primarily recovered by oil ...
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines ), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol).
Crude oil production. Natural oil seeps such as this in the McKittrick area of California were used by the Native Americans and later mined by settlers. The history of the petroleum industry in the United States goes back to the early 19th century, although the indigenous peoples, like many ancient societies, have used petroleum seeps since ...
Continental Oil Co., C.A.T.C., Gulf of Mexico, 1955. The Age of Oil, [1] also known as the Oil Age, [2] [3] the Petroleum Age, [4] [5] or the Oil Boom, refers to the era in human history characterised by an increased use of petroleum in products and as fuel. Though unrefined petroleum has been used for various purposes since ancient times, it ...
Petroleum has been a major industry in the United States since the 1859 Pennsylvania oil rush around Titusville, Pennsylvania. Commonly characterized as "Big Oil", the industry includes exploration, production, refining, transportation, and marketing of oil and natural gas products. [1] The leading crude oil-producing areas in the United States ...
The Prize: The Epic Quest for Oil, Money, and Power is Daniel Yergin's 1990 history of the global petroleum industry from the 1850s through 1990. The Prize became a bestseller, helped by its release date in December 1990, four months after the invasion of Kuwait ordered by Saddam Hussein and one month before the U.S.-led coalition began the Gulf War to oust Iraqi troops from that country.
Oil refinery. An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha.