Success in the Oli and petroleum industry demands competent management of a wide range of complex and difficult risks. The consequences of failure are high especially given the hazardous and environmentally damaging nature of many industry operations. The long-term viability of oil and gas projects therefore depends to a large extent on the experience and capabilities of the project sponsors to manage complex risks in a highly competitive environment.
Crude oil, often referred to as petroleum, is a naturally occurring fossil fuel formed from the remains of ancient marine organisms. Over millions of years, layers of sediment buried these organisms, subjecting them to heat and pressure, ultimately transforming them into hydrocarbons. This process gave rise to the vast reservoirs of crude oil found beneath the Earth's surface.
Light Cycle Oil (LCO) emerges as a valuable byproduct in the intricate dance of molecules within the petroleum refinery, specifically during the fluid catalytic cracking (FCC) process. This refined petroleum product occupies a strategic position in the hierarchy of hydrocarbons, offering a bridge between the heavier and lighter fractions of the refined spectrum.
Otherwise known as Potassium Sulphate, SOP is the inorganic compound with formula K2SO4, a white water-soluble solid. It is commonly used in fertilizers,providing both potassium and sulphur. The dominant use of potassium sulphate is as a fertilizer. K2SO4 does not contain chloride, which can be harmful to some crops. Potassium sulphate is preferred for these crops, which include tobacco and some fruits and vegetables. Crops that are less sensitive may still require potassium sulphate for optimal growth if the soil accumulates chloride from irrigation water.
Jet A-1 is a type of aviation fuel primarily used in commercial and civilian jet aircraft. It is a kerosene-based fuel specifically designed for use in aviation turbine engines..
