Petroleum (or crude oil) is an essential raw material for modern life. According to the "Petroleum Engineering Overview" from the Career Cornerstone Organization, the United States consumes more than 840 million gallons of petroleum a year. It uses the raw components of crude oil for a wide variety of products: candles, fertilizer, food, ink, perfume, plastics, and soap. The transportation sector depends upon a petroleum base for making the asphalt for roads; airplanes, automobiles, mo...

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Reservoir Engineering shares the distinction with geology in being one of the ‘underground sciences’ of the oil industry, attempting to describe what occurs in the wide open spaces of the reservoir between the sparse
points of observation - the wells.

The reservoir engineer in the multi-disciplinary perspective of modern oil and gas field management is located at the heart of many of the activities acting as a central co-ordinating role in relation to receiving information processing it and...
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This is a compiled information on colleges and universities worldwide that offer courses of study in petroleum engineering and related disciplines. The listing of university and technology schools is strictly a courtesy to those entities.This resource has proven useful for industry, academic institutions, and prospective students of petroleum engineering and petroleum technology.

Basic contact information for each school is listed, including the school's website. Additional information regar...

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1. OPEC Decisions:

OPEC abandoned fixing the reference price in 1987, favoring a system in whic...

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The Energy Intelligence Group has published a handbook which identifies 161 different blends in total. Crude oil benchmarks, also known as oil markers, were first introduced in the mid 1980s.

Benchmarks are used because there are many different varieties and grades of crude oil. Using benchmarks makes referencing types of oil easier for sellers and buyers.

There are three primary benchmarks:

• WTI - West Texas Intermediate
• Brent Blend
• Dubai. 

Other well known blends include:

• The OPEC basket used b...

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