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Metric regions commonly use the tonne of oil equivalent (toe), or more often million toe (Mtoe). Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
Shell was responsible for an 88,200-gallon oil spill in the Gulf of Mexico in May 2016. [247] Two ruptures in a Shell Oil Co. pipeline in Altamont, California – one in September 2015 and another in May 2016 – led to questions on whether the Office of the State Fire Marshal, charged with overseeing the pipeline, was doing an adequate job. [248]
The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
A RAND study in 2005 estimated that production of 100,000 barrels per day (16,000 m 3 /d) of oil (5.4 million tons/year) would theoretically require a dedicated power generating capacity of 1.2 gigawatts (10 billion kWh/year), assuming deposit richness of 25 US gallons (95 L; 21 imp gal) per ton, with 100% pyrolysis efficiency, and 100% extraction of pyrolysis products. [1]
Oil conversion factor from m³ to bbl (or stb) is 6.28981100 Gas conversion factor from standard m³ to scf is 35.314666721 Note that the m³ gas conversion factor takes into account a difference in the standard temperature base for measurement of gas volumes in metric and imperial units.
MMboe – million barrels of oil equivalent; MMboed – million barrels of oil equivalent per day; MMbpd – million barrels per day; MMcf – million cubic feet (of natural gas) MMcfe – million cubic feet (of natural gas equivalent) MMcfge – million cubic feet (of natural gas equivalent) MMS – Minerals Management Service (United States)
According to the American Petroleum Institute (API), a standard barrel of oil is the amount of oil that would occupy a volume of exactly 1 barrel (158.99 L) at reference temperature and pressure conditions of 60 °F (15.6 °C) and 14.696 psi (1,013.25 hPa) (or 1 atm). This standard barrel of oil will occupy a different volume at different ...
Operated by Shell, with JV partners Chevron (37.5%) and BP (27.5%), the spar acts as a hub for and enables development of three fields Great White, Tobago, and Silvertip. The oil and gas fields beneath the platform lie in a geological formation holding resources estimated at 3–15 billion barrels of oil equivalent according to a report by the BSEE, formerly known as the MMS.