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The results of crude oil assay testing provide extensive detailed hydrocarbon analysis data for refiners, oil traders and producers. Assay data help refineries determine if a crude oil feedstock is compatible for a particular petroleum refinery or if the crude oil could cause yield, quality, production, environmental and other problems. [1]
Oil & Gas United Kingdom 69,445.02 02/25/2006 Gaz de France SA Oil & Gas France Suez SA Power France 60,856.45 07/05/1999 Total Fina SA Oil & Gas France Elf Aquitaine Oil & Gas France 50,070.05 08/11/1998 British Petroleum Co PLC Oil & Gas United Kingdom Amoco Corp Oil & Gas United States 48,174.09 09/01/2010 Petrobras Oil & Gas Brazil
Tukey defined data analysis in 1961 as: "Procedures for analyzing data, techniques for interpreting the results of such procedures, ways of planning the gathering of data to make its analysis easier, more precise or more accurate, and all the machinery and results of (mathematical) statistics which apply to analyzing data."
Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. [4]
The oil and gas industry spends only 0.4% of its net sales on research & development (R&D) which is in comparison with a range of other industries the lowest share. [36] Governments such as the United States government provide a heavy public subsidy to petroleum companies , with major tax breaks at various stages of oil exploration and ...
In July 2013, a report analysing the effect of oil theft in Nigeria revealed that Nigeria lost $10.9 billion in potential oil revenues between 2009 and 2011. [60] In 2022, the country's oil industry's regulator mentioned that oil theft accounted for 108,000 barrels a day, which is about 7% of total oil production.
Oil sampling is a procedure for collecting a volume of fluid from lubricated or hydraulic machinery for the purpose of oil analysis. Much like collecting forensic evidence at a crime scene, when collecting an oil sample, it is important to ensure that procedures are used to minimize disturbance of the sample during and after the sampling process.
According to a 2001 report that amount of gas that would have been worth billions. In 1938 the Alberta provincial government responded to the conspicuous and wasteful burning of natural gas. By the time crude oil was discovered in the Turner Valley field, in 1930, most of the free gas cap had been flared off. [81]