<a href="http://youngpetro.org/2013/03/06/how-is-it-possible-to-produce-oil-from-sand/"><b>How is it possible to produce oil from sand?</b></a> <a href="http://youngpetro.org/2011/10/09/people-engineers-and-spe-members/"><b>People, Engineers and SPE Members</b></a> <a href="http://youngpetro.org/2012/12/19/if-i-were-a-prime-minister/"><b>If I Were a Prime Minister…</b></a> <a href="http://youngpetro.org/2012/12/26/polish-shales-delayed/"><b>Polish shales delayed?</b></a> <a href="http://youngpetro.org/2013/01/11/russia-continues-the-policy-of-states-companies-monopoly/"><b>Russia continues the policy of state companies’ monopoly</b></a>
 

New Discoveries in North-Western Poland

New Discoveries in North-Western Poland

Polish Oil and Gas Mining Company in collaboration with LOTOS Petrobaltic have started drilling exploratory well on a concession Kamień Pomorski. According to the estimates in the area of work being prepared, in commune Golczewo (West Pomeranian voivodeship) may be 7.5 million boe.

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Q2 Results – Oil Companies Make Profit in Tough Times

Q2 Results – Oil Companies Make Profit in Tough Times

During last few days major Oil & Gas Companies revealed their second-quarter earnings and believe or not, almost all of them are higher than expected. Is it sign of the end of downturn and back to wealthy times? I wouldn’t say so, but reported results shows that Oil Companies adapted to the market conditions and now they can make profit from diverse sources like downstream or manufacturing and not only from Upstream. Furthermore, in many cases Upstream is now not the strongest branch. The price around $50 per barrel isn’t that bad for companies to prosper well. The biggest companies managed it by making redundancy and savings.

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Drilling Into A Volcano in Iceland

Drilling Into A Volcano in Iceland

Iceland is known for its ability to produce renewable energy which covers 100% of energy demand. The largest share is geothermal and hydropower energy whereas fossil fuels are still in use but this share is constantly declining. What stands behind such good statistics, it is definitely Iceland’s unique geology which makes it fairly cheap to produce energy from a variety of natural sources. Recently, a massive drill project, named “Thor” has been in the spotlight.

Actually, drilling into volcano is an incentive that brings one’s attention. A depth has reached 4,659 kilometers and is expected to generate up to 10 times more energy than conventional methods. The drilling had begun in August, 2016 and was completed on January 25 of this year.

At the very bottom of the wellbore the temperature reaches 427 Celsius degrees and the pressure outweighs 200 atmospheres. In such conditions occurs bizarre fluid that behaves both as gas and liquid but is neither of them. This well can provide a tremendous supply of energy. It has been estimated that the capital of Iceland, Reykjavik would require between 30 and 35 usual conventional wells to provide its inhabitants hot water whereas only three to five wells like Thor could do the same.

Projects like Thor put Iceland in a role model position of a renewable energy superior producer ahead of any other country in the world. It appeals to be stunningly interesting how this small country has been pioneering in energy field.

Sources:

iflscience.com

wikipedia.org

YoungPetro 20th Issue Summer 2017

YoungPetro  20th Issue  Summer 2017

The new semester has arrived, spring is also already here and ‘East Meets West’ – International Student Petroleum Congress & Career Expo starts in 3 days. All that signs encouraged YoungPetro Team to deliver fresh and full of content the 20th issue of YoungPetro Magazine. We hope that you will find joy in reading articles developed by our authors and ambassadors. Should you have any questions, do not hesitate to contact us.

Oil and Gas Industry Career

Oil and Gas Industry Career

In the modern age, people have the choice to choose from a lot of professional career. It is easy for people now to pursue a career compared to old generations. Most of the educational systems are career oriented and students can shape their career from their young age onwards. The advancements in technology have allowed us to think about different careers that will help us to flourish professionally and personally.

Oil and gas are two of the main industries that present many job offers. You can find a lot of people pursuing career in oil and gas industry. Oil and gas industry helps numerous people to plan a career in this field and lets you become successful as a professional as well. More or less everyone’s career in oil and gas is distinctive. Since the career in oil and gas industry is team-oriented, the people who wish to practice a career in this field should have a good grasp of the industry. Here is a look at how to begin a career in oil and gas industry:

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