US petroleum holdings

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Alternative methods petroleum extraction

Alternative methods

During the oil price increases of 2004-2008, alternatives methods of producing oil gained importance. The most widely known alternatives involve extracting oil from sources such as oil shale or tar sands. These resources exist in large quantities; however, extracting the oil at low cost without excessively harming the environment remains a challenge.

It is also possible to chemically transform methane or coal into the various hydrocarbons found in oil. The best-known such method is the Fischer-Tropsch process. It was a concept pioneered in Nazi Germany when imports of petroleum were restricted due to war and Germany found a method to extract oil from coal. It was known as Ersatz (English:”substitute”) oil, and accounted for nearly half the total oil used in WWII by Germany. However, the process was used only as a last resort as naturally occurring oil was much cheaper. As crude oil prices increase, the cost of coal to oil conversion becomes comparatively cheaper. The method involves converting high ash coal into synthetic oil in a multi-stage process. Ideally, a ton of coal produces nearly 200 liters (1.25 bbl, 52 US gallons) of crude, with by-products including tar.[citation needed]

Currently, two companies have commercialised their Fischer-Tropsch technology. Shell in Bintulu, Malaysia, uses natural gas as a feedstock, and produces primarily low-sulfur diesel fuels. [8] Sasol [9] in South Africa uses coal as a feedstock, and produces a variety of synthetic petroleum products.

The process is today used in South Africa to produce most of the country’s diesel fuel from coal by the company Sasol. The process was used in South Africa to meet its energy needs during its isolation under Apartheid. This process produces low sulfur diesel fuel ; it also is an increased threat to environment, as it produces large amounts of greenhouse gases.

An alternative method of converting coal into petroleum is the Karrick process, which was pioneered in the 1930s in the United States. It uses high temperatures in the absence of ambient air, to distill the short-chain hydrocarbons of petroleum out of coal.

More recently explored is thermal depolymerization (TDP), a process for the reduction of complex organic materials into light crude oil. Using pressure and heat, long chain polymers of hydrogen, oxygen, and carbon decompose into short-chain petroleum hydrocarbons. This mimics the natural geological processes thought to be involved in the production of fossil fuels. In theory, TDP can convert any organic waste into petroleum.

January 13, 2008 Posted by uspetroleumholding | Petroleum Holdings, gas, holdings, oil, uspetroleum | , | No Comments Yet

USPetroleum what is petroleum?

US Petroleum Holdings colaborate with the us definition of Petroleum (Latin Petroleum f. Holdings Latin petra (f. Greek ????? – rock) + Latin oleum (f. Greek ?????? – oil)) or crude oil is a naturally occurring, flammable liquid found in rock formations in the Earth consisting of a complex mixture of hydrocarbons of various lengths, plus other organic compounds. The proportion of hydrocarbons in the mixture is highly variable and ranges from as much as 97% by weight in the lighter oils to as little as 50% in the heavier oils and bitumens.

The hydrocarbons in crude oil are mostly alkanes, cycloalkanes and various aromatic hydrocarbons while the other organic compounds contain nitrogen, oxygen and sulfur, and trace amounts of metals such as iron, nickel, copper and vanadium. The exact molecular composition varies widely from formation to formation but the proportion of chemical elements vary over fairly narrow limits as follows:[1]

Carbon 83-87%
Hydrogen 10-14%
Nitrogen 0.1-2%
Oxygen 0.1-1.5%
Sulfur 0.5-6%
Metals <1000 ppm

Crude oil varies greatly in appearance depending on its composition. It is usually black or dark brown (although it may be yellowish or even greenish). In the reservoir it is usually found in association with natural gas, which being lighter forms a gas cap over the petroleum, and saline water, which being heavier generally floats underneath it. Crude oil may also be found in semi-solid form mixed with sand, as in the Athabasca oil sands in Canada, where it may be referred to as crude bitumen.

Petroleum is used mostly, by volume, for producing fuel oil and gasoline (petrol), both important “primary energy” sources. [2] 84% by volume of the hydrocarbons present in petroleum is converted into energy-rich fuels (petroleum-based fuels), including gasoline, diesel, jet, heating, and other fuel oils, and liquefied petroleum gas. [3]

Due to its high energy density, easy transportability and relative abundance, it has become the world’s most important source of energy since the mid-1950s. Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, and plastics; the 16% not used for energy production is converted into these other materials.

Petroleum is found in porous rock formations in the upper strata of some areas of the Earth’s crust. There is also petroleum in oil sands (tar sands). Known reserves of petroleum are typically estimated at around 140 km³ (1.2 trillion barrels) without oil sands [4], or 440 km³ (3.74 trillion barrels) with oil sands [5]. However, oil production from oil sands is currently severely limited. Consumption is currently around 84 million barrels per day, or 3.6 km³ per year. Because of reservoir engineering difficulties, recoverable oil reserves are significantly less than total oil-in-place. At current consumption levels, and assuming that oil will be consumed only from reservoirs, known reserves would be gone around 2039, potentially leading to a global energy crisis. However, this ignores any new discoveries, rapidly increasing consumption in China, India, and other developing nations; using oil sands, using synthetic petroleum, and other factors which may extend or reduce this estimate.

Wikipedia

January 13, 2008 Posted by uspetroleumholding | Petroleum, Petroleum Holdings, uspetroleum | , , , | No Comments Yet

Biogenic theory

Most geologists view crude oil and natural gas as the product of compression and heating of ancient organic materials over geological time. Oil is formed from the preserved remains of prehistoric zooplankton and algae which have been settled to the sea (or lake) bottom in large quantities under anoxic conditions. Terrestrial plants, on the other hand, tend to form coal. Over geological time this organic matter, mixed with mud, is buried under heavy layers of sediment. The resulting high levels of heat and pressure cause the organic matter to chemically change during diagenesis, first into a waxy material known as kerogen which is found in various oil shales around the world, and then with more heat into liquid and gaseous hydrocarbons in a process known as catagenesis.

Geologists often refer to an “oil window” which is the temperature range that oil forms in—below the minimum temperature oil remains trapped in the form of kerogen, and above the maximum temperature the oil is converted to natural gas through the process of thermal cracking. Though this happens at different depths in different locations around the world, a ‘typical’ depth for the oil window might be 4–6 km. Note that even if oil is formed at extreme depths, it may be trapped at much shallower depths, even if it is not formed there (the Athabasca Oil Sands is one example).
Hydrocarbon trap.
Hydrocarbon trap.

Because most hydrocarbons are lighter than rock or water, these often migrate upward through adjacent rock layers until they either reach the surface or become trapped beneath impermeable rocks, within porous rocks called reservoirs. However, the process is not straightforward since it is influenced by underground water flows, and oil may migrate hundreds of kilometres horizontally or even short distances downward before becoming trapped in a reservoir. Concentration of hydrocarbons in a trap forms an oil field, from which the liquid can be extracted by drilling and pumping.

Three conditions must be present for oil reservoirs to form: first, a source rock rich in organic material buried deep enough for subterranean heat to cook it into oil; second, a porous and permeable reservoir rock for it to accumulate in; and last a cap rock (seal) or other mechanism that prevents it from escaping to the surface. Within these reservoirs fluids will typically organize themselves like a three-layer cake with a layer of water below the oil layer and a layer of gas above it, although the different layers vary in size between reservoirs.

The vast majority of oil that has been produced by the earth has long ago escaped to the surface and been biodegraded by oil-eating bacteria. Oil companies are looking for the small fraction that has been trapped by this rare combination of circumstances. Oil sands are reservoirs of partially biodegraded oil still in the process of escaping, but contain so much migrating oil that, although most of it has escaped, vast amounts are still present – more than can be found in conventional oil reservoirs. On the other hand, oil shales are source rocks that have never been buried deep enough to convert their trapped kerogen into oil.

The reactions that produce oil and natural gas are often modeled as first order breakdown reactions, where kerogen is broken down to oil and natural gas by a set of parallel reactions, and oil eventually breaks down to natural gas by another set of reactions. The first set was originally patented in 1694 under British Crown Patent No. 330 covering,

“a way to extract and make great quantityes of pitch, tarr, and oyle out of a sort of stone.”

The latter set is regularly used in petrochemical plants and oil refineries.

January 13, 2008 Posted by uspetroleumholding | Petroleum, Petroleum Holdings, uspetroleum | , , , , , | No Comments Yet

Us petroleum holdings quimics

Petroleum is a mixture of a very large number of different hydrocarbons ; the most commonly found molecules are alkanes (linear or branched), cycloalkanes, aromatic hydrocarbons, or more complicated chemicals like asphaltenes. Each petroleum variety has a unique mix of molecules, which define its physical and chemical properties, like color and viscosity.

The alkanes, also known as paraffins, are saturated hydrocarbons with straight or branched chains which contain only carbon and hydrogen and have the general formula CnH2n+2 They generally have from 5 to 40 carbon atoms per molecule, although trace amounts of shorter or longer molecules may be present in the mixture.

The alkanes from pentane (C5H12) to octane (C8H18) are refined into gasoline (petrol), the ones from nonane (C9H20) to hexadecane (C16H34) into diesel fuel and jet fuel, and the ones from hexadecane upwards into fuel oil and lubricating oil. At the heavier end of the range, paraffin wax is an alkane with approximately 25 carbon atoms, while asphalt has 35 and up, although these are usually cracked by modern refineries into more valuable products. Any shorter hydrocarbons are considered natural gas or natural gas liquids.

The cycloalkanes, also known as napthenes, are saturated hydrocarbons which have one or more carbon rings to which hydrogen atoms are attached according to the formula CnH2n. Cycloalkanes have similar properties to alkanes but have higher boiling points.

The aromatic hydrocarbons are unsaturated hydrocarbons which have one or more planar six-carbon rings called benzene rings, to which hydrogen atoms are attached with the formula CnHn. They tend to burn with a sooty flame, and many have a sweet aroma. Some are carcinogenic.

These different molecules are separated by fractional distillation at an oil refinery to produce gasoline, jet fuel, kerosene, and other hydrocarbons. For example 2,2,4-trimethylpentane (isooctane), widely used in gasoline, has a chemical formula of C8H18 and it reacts with oxygen exothermically:[6]

2\mathrm{C}_8 \mathrm{H}_{18(l)} + 25\mathrm{O}_{2(g)} \rightarrow \; 16\mathrm{CO}_{2(g)} + 18\mathrm{H}_2 \mathrm{O}_{(l)} + 10.86 \ \mathrm{MJ}

Incomplete combustion of petroleum or gasoline results in production of potentially toxic byproducts. Too little oxygen results in carbon monoxide. Combustion in air (which contains mostly nitrogen) results in nitric oxides. For example:

\mathrm{C}_8 \mathrm{H}_{18(l)} + 12.5\mathrm{O}_{2(g)} + \mathrm{N}_{2(g)} \rightarrow \; 6\mathrm{CO}_{2(g)} + 2\mathrm{CO}_{(g)} +2\mathrm{NO}_{(g)} + 9\mathrm{H}_2 \mathrm{O}_{(l)} + \text{heat}

January 12, 2008 Posted by uspetroleumholding | Petroleum Holdings, gas, oil, uspetroleum | , , , | No Comments Yet

US Petroleum Holdings: Business Model

Our Business Model & Strategy:

There is no doubt that the trend in the Oil and Natural Gas market is toward higher and higher prices. The contributing factors for this are many and extremely diverse, running from political uncertainty to increased global consumption. We believe, as most analysts do, that this trend will continue throughout the decade and through the next. Suffice it to say that we are in the right business, which under current circumstances will remain resilient to many of the dangerous economic forces that may arise.

January 12, 2008 Posted by uspetroleumholding | Petroleum, Petroleum Holdings, gas, oil | , , , | No Comments Yet