Hydrocarbons are chemical compounds that are used as the basis for the vast majority of the world’s energy production.
A lot of complex technologies and methods for extracting hydrocarbons from the bowels of the earth have been developed.
Some of the world’s largest companies are hydrocarbon companies, primarily oil and gas companies.
The use of hydrocarbons as a source of energy has had a significant negative impact on the global climate, which has led to climate change.
Due to the serious environmental costs of using hydrocarbons as the main source of energy, there has been a significant increase in attempts to switch from them to alternative energy sources such as solar, nuclear, wind and geothermal energy.
The Keystone pipeline was proposed by TC Energy (formerly TransCanadian Corp.) in 2005 to transport new hard-to-recover heavy oil deposits from the oil sands in Canada to US refineries.
The Upstream Capital Cost Index (UCCI) tracks the total capital cost of materials, facilities, equipment and personnel for oil and natural gas projects.
Preliminary drilling is a form of exploratory drilling in the oil and gas exploration and production process, the purpose of which is to develop unproven or high-risk areas.