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| IPCC Report 2012 |
It interesting to note a few key dates in the history of oil summarised from World History of Oil
450BC - Herodotus described oil pits near Babylon
1500s - Oil from seeps in the Carpathian Mountains in Poland was burned in street lamps to provide light in the Polish town of Krosno
1836 - For the first time, academician G.I. Gessi researched Absheron natural associated gas from a scientific point of view and defined its composition.
1803 - Offshore oil extraction reported in Bibi-Heybat Bay of the Caspian Sea (Azerbaijan) from two hand-dug wells 18 and 30 meters away from the shoreline. The first offshore oil field ceased existence in 1825 when a huge storm ravaged all wells in the Caspian
1818 - In southeastern Kentucky another salt well produced oil. It was known as the "Beatty Well," named after the owner of the land on which it was drilled (Shepherd 1988).By 1820, oil from this well was being shipped to Europe as well as several other southern states. Thus the Beatty Well seems to be the first drilled well which produced commercial oil in North America.
1846 - Baku the first ever well drilled with percussion tools to a depth of 21 metres for oil exploration
1849 - Abraham Gesner developed a method for distilling kerosene from crude oil
1859 - Col. Edwin Drake struck oil 69ft below the surface of the ground in Titusville, Pennsylvania.
1870 - J.D.Rockerfeller formed Standard Oil (Ohio).- controlled 10% of American oil refining
1885 - Oil discovered in Sumatra by Royal Dutch
1910 - Lakeview gusher blew out near Los Angeles, CA, reportedly at rates of >100,000BOPD with a total of 9,000,000 Bbls oil released before the well was brought under control
1938 - Oil discoverd in Kuwait and Saudi Arabia
1960 - OPEC (Organization of Petroleum Exporting Countries) founded in Baghdad - Saudi Arabia, Venezuela, Kuwait, Iraq, and Iran
1969 - Oil discovered in North Sea
1971 - US oil production peaked
1986 - Oil prices collapse
1989 - March - Exxon Valdez aground in Prince William Sound, Alaska
1998 - 50 year moratorium on mining and oil exploration in Antarctica approved
2002 - (November) - Oil tanker Prestige sunk off NW coast of Spain
2004 (Oct 25) - Oil at a record price of $55.67 US per barrel on concerns over high demand and possible supply disruptions in the Middle East and damage on the Gulf Coast from Hurricane Ivan .
2007 (Nov 20) - WTI oil price futures hit a record close of $99.29US driven by supply concerns and weakness in the US dollar
2008 (July 23) - Alaska gives nod to TransCanada Pipeline to develop the Alaska Gas Pipeline.
2009 (Jan 19) - Oil price falls to $34 US per barrel
2010 (Apr 20) - Deepwater Horizon rig explosion and fire while drilling BP’s Macondo exploration well, in Gulf of Mexico, 11 workers killed and concern about a major environmental catastrophe along the Gulf Coast
2010 (Oct 12) - USA lifts ban on deep water drilling in the Gulf of Mexico
2011 (Dec 31) - US natural gas production in December 2011 at a record high level of 66.2Bcf/d breaking a previous high dating back from 1973
012 (Apr 1) - Total well leaking gas at Elgin Field 240Km east of Scotland in North Sea
2012 (Aug 25) - A blast at the Amuay oil refinery in Venezuela kills nearly 50 people
1846 - Baku the first ever well drilled with percussion tools to a depth of 21 metres for oil exploration
1849 - Abraham Gesner developed a method for distilling kerosene from crude oil
1859 - Col. Edwin Drake struck oil 69ft below the surface of the ground in Titusville, Pennsylvania.
1870 - J.D.Rockerfeller formed Standard Oil (Ohio).- controlled 10% of American oil refining
1885 - Oil discovered in Sumatra by Royal Dutch
1910 - Lakeview gusher blew out near Los Angeles, CA, reportedly at rates of >100,000BOPD with a total of 9,000,000 Bbls oil released before the well was brought under control
1938 - Oil discoverd in Kuwait and Saudi Arabia
1960 - OPEC (Organization of Petroleum Exporting Countries) founded in Baghdad - Saudi Arabia, Venezuela, Kuwait, Iraq, and Iran
1969 - Oil discovered in North Sea
1971 - US oil production peaked
1986 - Oil prices collapse
1989 - March - Exxon Valdez aground in Prince William Sound, Alaska
1998 - 50 year moratorium on mining and oil exploration in Antarctica approved
2002 - (November) - Oil tanker Prestige sunk off NW coast of Spain
2004 (Oct 25) - Oil at a record price of $55.67 US per barrel on concerns over high demand and possible supply disruptions in the Middle East and damage on the Gulf Coast from Hurricane Ivan .
2007 (Nov 20) - WTI oil price futures hit a record close of $99.29US driven by supply concerns and weakness in the US dollar
2008 (July 23) - Alaska gives nod to TransCanada Pipeline to develop the Alaska Gas Pipeline.
2009 (Jan 19) - Oil price falls to $34 US per barrel
2010 (Apr 20) - Deepwater Horizon rig explosion and fire while drilling BP’s Macondo exploration well, in Gulf of Mexico, 11 workers killed and concern about a major environmental catastrophe along the Gulf Coast
2010 (Oct 12) - USA lifts ban on deep water drilling in the Gulf of Mexico
2011 (Dec 31) - US natural gas production in December 2011 at a record high level of 66.2Bcf/d breaking a previous high dating back from 1973
012 (Apr 1) - Total well leaking gas at Elgin Field 240Km east of Scotland in North Sea
2012 (Aug 25) - A blast at the Amuay oil refinery in Venezuela kills nearly 50 people
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