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92-508: The petroleum industry , also known as the oil industry , includes the global processes of exploration , extraction , refining , transportation (often by oil tankers and pipelines ), and marketing of petroleum products . The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products , including pharmaceuticals , solvents , fertilizers , pesticides , synthetic fragrances , and plastics . The industry

184-425: A gravity survey , magnetic survey , passive seismic or regional seismic reflection surveys to detect large-scale features of the sub-surface geology. Features of interest (known as leads ) are subjected to more detailed seismic surveys which work on the principle of the time it takes for reflected sound waves to travel through matter (rock) of varying densities and using the process of depth conversion to create

276-527: A halocline that stops at the Cold Intermediate Layer (CIL). This layer is composed of cool, salty surface waters, which are the result of localized atmospheric cooling and decreased fluvial input during the winter months. It is the remnant of the winter surface mixed layer. The base of the CIL is marked by a major pycnocline at about 100–200 metres (330–660 ft), and this density disparity

368-501: A critical concern for many nations. Oil accounts for a large percentage of the world's energy consumption , ranging from a low of 32% for Europe and Asia, to a high of 53% for the Middle East. Other geographic regions' consumption patterns are as follows: South and Central America (44%), Africa (41%), and North America (40%). The world consumes 36 billion barrels (5.8 km) of oil per year, with developed nations being

460-850: A different literal meaning (see below), is still widely used: The Black Sea is one of four seas named in English after common color terms – the others being the Red Sea , the White Sea and the Yellow Sea . The earliest known name of the Black Sea is the Sea of Zalpa, so called by both the Hattians and their conquerors, the Hittites . The Hattic city of Zalpa was "situated probably at or near

552-547: A drilling/production oil-platform in 20 ft (6.1 m) of water some 18 miles off Vermilion Parish, Louisiana . Kerr-McGee Oil Industries, as operator for partners Phillips Petroleum ( ConocoPhillips ) and Stanolind Oil & Gas ( BP ), completed its historic Ship Shoal Block 32 well in November 1947, months before Superior actually drilled a discovery from their Vermilion platform farther offshore. In any case, that made Kerr-McGee's Gulf of Mexico well, Kermac No. 16,

644-421: A given date forward, from known reservoirs, and under existing economic conditions, operating methods, and government regulations—prior to the time at which contracts providing the right to operate expire, unless evidence indicates that renewal is reasonably certain, regardless of whether deterministic or probabilistic methods are used for the estimation. The project to extract the hydrocarbons must have commenced or

736-454: A lease of these rights with the individual who owns the OGM. Sometimes this is not the same person who owns the land surface. In most nations the government issues licences to explore, develop and produce its oil and gas resources, which are typically administered by the oil ministry. There are several different types of licence. Oil companies often operate in joint ventures to spread the risk; one of

828-513: A lighting and heating fuel, the demand for petroleum increased greatly, and by the early twentieth century had become the most valuable commodity traded on world markets. Imperial Russia produced 3,500 tons of oil in 1825 and doubled its output by mid-century. After oil drilling began in the region of present-day Azerbaijan in 1846, in Baku , the Russian Empire built two large pipelines:

920-484: A marked vertical stratification and a warm, shallow mixed layer. Day length and insolation intensity also control the extent of the photic zone . Subsurface productivity is limited by nutrient availability, as the anoxic bottom waters act as a sink for reduced nitrate , in the form of ammonia . The benthic zone also plays an important role in Black Sea nutrient cycling, as chemosynthetic organisms and anoxic geochemical pathways recycle nutrients which can be upwelled to

1012-556: A market share. For example: Midstream operations are sometimes classified within the downstream sector, but these operations compose a separate and discrete sector of the petroleum industry. Midstream operations and processes include the following: While some upstream companies carry out certain midstream operations, the midstream sector is dominated by a number of companies that specialize in these services. Midstream companies include: The oil and gas industry spends only 0.4% of its net sales on research & development (R&D) which

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1104-411: A profile of the substructure. Finally, when a prospect has been identified and evaluated and passes the oil company's selection criteria, an exploration well is drilled in an attempt to conclusively determine the presence or absence of oil or gas. Offshore the risk can be reduced by using electromagnetic methods Oil exploration is an expensive, high-risk operation. Offshore and remote area exploration

1196-589: A strongly stratified vertical structure. Because of the extreme stratification, it is classified as a salt wedge estuary . Inflow from the Mediterranean Sea through the Bosporus and Dardanelles has a higher salinity and density than the outflow, creating the classic estuarine circulation. This means that the inflow of dense water from the Mediterranean occurs at the bottom of the basin while

1288-433: A threat to health—and perhaps even life—for people living on the Black Sea coast. There have been isolated reports of flares on the Black Sea occurring during thunderstorms, possibly caused by lightning igniting combustible gas seeping up from the sea depths. The Black Sea supports an active and dynamic marine ecosystem, dominated by species suited to the brackish , nutrient-rich, conditions. As with all marine food webs,

1380-529: A very thick convective bottom layer. The Black Sea undersea river is a current of particularly saline water flowing through the Bosporus Strait and along the seabed of the Black Sea. The discovery of the river, announced on August 1, 2010, was made by scientists at the University of Leeds and is the first of its kind to be identified. The undersea river stems from salty water spilling through

1472-496: A weaker mixed assemblage of community development below the seasonal thermocline during summer months, and surface-intensified autumn production. This pattern of productivity is augmented by an Emiliania huxleyi bloom during the late spring and summer months. Since the 1960s, rapid industrial expansion along the Black Sea coastline and the construction of a major dam on the Danube have significantly increased annual variability in

1564-631: Is supplied by major rivers, principally the Danube , Dnieper and Dniester . Consequently, while six countries have a coastline on the sea, its drainage basin includes parts of 24 countries in Europe. The Black Sea, not including the Sea of Azov , covers 436,400 km (168,500 sq mi), has a maximum depth of 2,212 m (7,257 ft), and a volume of 547,000 km (131,000 cu mi). Most of its coasts ascend rapidly. These rises are

1656-442: Is a current of particularly saline water flowing through the Bosporus Strait and along the seabed of the Black Sea, the first of its kind discovered. Current names of the sea are usually equivalents of the English name "Black Sea", including these given in the countries bordering the sea: Such names have not yet been shown conclusively to predate the 13th century. In Greece , the historical name "Euxine Sea", which holds

1748-518: Is about 1,175 km (730 mi). Important cities along the coast include (clockwise from the Bosporus ) Burgas , Varna , Constanța , Odesa , Sevastopol , Novorossiysk , Sochi , Poti , Batumi , Trabzon and Samsun . The Black Sea has a positive water balance , with an annual net outflow of 300 km (72 cu mi) per year through the Bosporus and the Dardanelles into

1840-470: Is connected to the Sea of Azov by the Kerch Strait . The water level has varied significantly over geological time. Due to these variations in the water level in the basin, the surrounding shelf and associated aprons have sometimes been dry land. At certain critical water levels, connections with surrounding water bodies can become established. It is through the most active of these connective routes,

1932-651: Is generally accepted that oil is formed mostly from the carbon rich remains of ancient plankton after exposure to heat and pressure in Earth 's crust over hundreds of millions of years. Over time, the decayed residue was covered by layers of mud and silt, sinking further down into Earth's crust and preserved there between hot and pressured layers, gradually transforming into oil reservoirs . Petroleum in an unrefined state has been utilized by humans for over 5000 years. Oil in general has been used since early human history to keep fires ablaze and in warfare . Its importance to

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2024-540: Is generally only undertaken by very large corporations or national governments. Typical shallow shelf oil wells (e.g. North Sea ) cost US$ 10 – 30 million, while deep water wells can cost up to US$ 100 million plus. Hundreds of smaller companies search for onshore hydrocarbon deposits worldwide, with some wells costing as little as US$ 100,000. A prospect is a potential trap which geologists believe may contain hydrocarbons. A significant amount of geological, structural and seismic investigation must first be completed to redefine

2116-519: Is in comparison with a range of other industries the lowest share. Governments such as the United States government provide a heavy public subsidy to petroleum companies , with major tax breaks at various stages of oil exploration and extraction, including the costs of oil field leases and drilling equipment. In recent years, enhanced oil recovery techniques – most notably multi-stage drilling and hydraulic fracturing ("fracking") – have moved to

2208-712: Is not a legal requirement. In Russia, companies report their reserves to the State Commission on Mineral Reserves (GKZ). Black Sea Unrecognised states: The Black Sea is a marginal mediterranean sea lying between Europe and Asia , east of the Balkans , south of the East European Plain , west of the Caucasus , and north of Anatolia . It is bounded by Bulgaria , Georgia , Romania , Russia , Turkey , and Ukraine . The Black Sea

2300-593: Is often employed by means of aerobic degradation. More recently, other bioremediative methods have been explored such as phytoremediation and thermal remediation. The industry is the largest industrial source of emissions of volatile organic compounds (VOCs), a group of chemicals that contribute to the formation of ground-level ozone ( smog ). The combustion of fossil fuels produces greenhouse gases and other air pollutants as by-products. Pollutants include nitrogen oxides , sulphur dioxide , volatile organic compounds and heavy metals . Researchers have discovered that

2392-590: Is subject to interannual variability. Outside of the Rim Current, numerous quasi-permanent coastal eddies are formed as a result of upwelling around the coastal apron and "wind curl" mechanisms. The intra-annual strength of these features is controlled by seasonal atmospheric and fluvial variations. During the spring, the Batumi eddy forms in the southeastern corner of the sea. Beneath the surface waters—from about 50 to 100 metres (160 to 330 ft)—there exists

2484-460: Is the major mechanism for isolation of the deep water. Below the pycnocline is the Deep Water mass, where salinity increases to 22.3 PSU and temperatures rise to around 8.9 °C (48.0 °F). The hydrochemical environment shifts from oxygenated to anoxic, as bacterial decomposition of sunken biomass utilizes all of the free oxygen. Weak geothermal heating and long residence time create

2576-534: Is therefore anoxic . This anoxic layer is responsible for the preservation of ancient shipwrecks which have been found in the Black Sea, which ultimately drains into the Mediterranean Sea , via the Turkish Straits and the Aegean Sea. The Bosporus strait connects it to the small Sea of Marmara which in turn is connected to the Aegean Sea via the strait of the Dardanelles . To the north, the Black Sea

2668-477: Is thought the climate conditions established in western Europe mediate the heat and precipitation fluxes reaching Central Europe and Eurasia, regulating the formation of winter cyclones , which are largely responsible for regional precipitation inputs and influence Mediterranean sea surface temperatures (SSTs). The relative strength of these systems also limits the amount of cold air arriving from northern regions during winter. Other influencing factors include

2760-443: Is to force the geologist to objectively assess all different geological factors. Furthermore, it results in simple maps that can be understood by non-geologists and managers to base exploration decisions on. Petroleum resources are typically owned by the government of the host country. In the United States, most onshore (land) oil and gas rights (OGM) are owned by private individuals, in which case oil companies must negotiate terms for

2852-430: Is usually divided into three major components: upstream , midstream , and downstream . Upstream regards exploration and extraction of crude oil , midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products . Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it

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2944-621: The Aegean Sea . While the net flow of water through the Bosporus and Dardanelles (known collectively as the Turkish Straits ) is out of the Black Sea, water generally flows in both directions simultaneously: Denser, more saline water from the Aegean flows into the Black Sea underneath the less dense, fresher water that flows out of the Black Sea. This creates a significant and permanent layer of deep water that does not drain or mix and

3036-595: The Kartvelian tribe of Speris or Saspers . Other modern names such as Chyornoye more and Karadeniz (both meaning Black Sea) originated during the 13th century. A 1570 map Asiae Nova Descriptio from Abraham Ortelius 's Theatrum Orbis Terrarum labels the sea Mar Maggior (Great Sea), compare Latin Mare major . English writers of the 18th century often used Euxine Sea ( / ˈ j uː k s ɪ n / or / ˈ j uː k ˌ s aɪ n / ). During

3128-656: The Ottoman Empire , it was called either Bahr-e Siyah ( Perso-Arabic ) or Karadeniz ( Ottoman Turkish ), both meaning "Black Sea". The International Hydrographic Organization defines the limits of the Black Sea as follows: On the Southwest. The Northeastern limit of the Sea of Marmara [A line joining Cape Rumili with Cape Anatoli (41°13'N)]. In the Kertch Strait . A line joining Cape Takil and Cape Panaghia (45°02'N). The area surrounding

3220-793: The Pontic Mountains to the south, bar the southwest-facing peninsulas, the Caucasus Mountains to the east, and the Crimean Mountains to the mid-north. In the west, the coast is generally small floodplains below foothills such as the Strandzha ; Cape Emine , a dwindling of the east end of the Balkan Mountains ; and the Dobruja Plateau considerably farther north. The longest east–west extent

3312-580: The petrochemical industry can produce ground-level ozone pollution at higher amounts in winter than in summer. Greenhouse gases caused by burning fossil fuels drive climate change . In 1959, at a symposium organised by the American Petroleum Institute for the centennial of the American oil industry , the physicist Edward Teller warned of the danger of global climate change . Edward Teller explained that carbon dioxide "in

3404-512: The world economy however, evolved slowly, with whale oil being used for lighting in the 19th century and wood and coal used for heating and cooking well into the 20th century. Even though the Industrial Revolution generated an increasing need for energy, this was initially met mainly by coal, and from other sources including whale oil. However, when it was discovered that kerosene could be extracted from crude oil and used as

3496-589: The 1880s. In the early 1930s the Texas Company developed the first mobile steel barges for drilling in the brackish coastal areas of the Gulf of Mexico . In 1937 Pure Oil Company (now part of Chevron Corporation ) and its partner Superior Oil Company (now part of ExxonMobil Corporation ) used a fixed platform to develop a field in 14 feet (4.3 m) of water, one mile (1.6 km) offshore of Calcasieu Parish, Louisiana . In early 1947 Superior Oil erected

3588-623: The 833 km long pipeline to transport oil from the Caspian to the Black Sea port of Batum (Baku-Batum pipeline), completed in 1906, and the 162 km long pipeline to carry oil from Chechnya to the Caspian. The first drilled oil wells in Baku were built in 1871–1872 by Ivan Mirzoev , an Armenian businessman who is referred to as one of the 'founding fathers' of Baku's oil industry. At

3680-582: The Black Sea Depression they are terrigenous non-carbonate silts , and at the foot of the continental slope turbidite sediments. The Black Sea is the world's largest body of water with a meromictic basin. The deep waters do not mix with the upper layers of water that receive oxygen from the atmosphere. As a result, over 90% of the deeper Black Sea volume is anoxic water. The Black Sea's circulation patterns are primarily controlled by basin topography and fluvial inputs, which result in

3772-544: The Black Sea belong to Bulgaria, Romania, Turkey, and Ukraine: Short-term climatic variation in the Black Sea region is significantly influenced by the operation of the North Atlantic oscillation , the climatic mechanisms resulting from the interaction between the north Atlantic and mid-latitude air masses. While the exact mechanisms causing the North Atlantic Oscillation remain unclear, it

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3864-585: The Black Sea features a range of trophic groups, with autotrophic algae, including diatoms and dinoflagellates , acting as primary producers. The fluvial systems draining Eurasia and central Europe introduce large volumes of sediment and dissolved nutrients into the Black Sea, but the distribution of these nutrients is controlled by the degree of physiochemical stratification, which is, in turn, dictated by seasonal physiographic development. During winter, strong wind promotes convective overturning and upwelling of nutrients, while high summer temperatures result in

3956-632: The Black Sea is commonly referred to as the Black Sea Region . Its northern part lies within the Chernozem belt (black soil belt) which goes from eastern Croatia ( Slavonia ), along the Danube (northern Serbia, northern Bulgaria ( Danubian Plain ) and southern Romania ( Wallachian Plain ) to northeast Ukraine and further across the Central Black Earth Region and southern Russia into Siberia . The littoral zone of

4048-778: The Black Sea is often referred to as the Pontic littoral or Pontic zone . The largest bays of the Black Sea are Karkinit Bay in Ukraine; the Gulf of Burgas in Bulgaria; Dnieprovski Bay and Dniestrovski Bay, both in Ukraine; and Sinop Bay and Samsun Bay, both in Turkey. The largest rivers flowing into the Black Sea are: These rivers and their tributaries comprise a 2-million km (0.77-million sq mi) Black Sea drainage basin that covers wholly or partially 24 countries: Unrecognised states: Some islands in

4140-525: The Bosporus Strait from the Mediterranean Sea into the Black Sea, where the water has a lower salt content. Because of the anoxic water at depth, organic matter, including anthropogenic artifacts such as boat hulls, are well preserved. During periods of high surface productivity, short-lived algal blooms form organic rich layers known as sapropels . Scientists have reported an annual phytoplankton bloom that can be seen in many NASA images of

4232-483: The Bosporus is located at 36.5 m (120 ft) below present sea level (deepest spot of the shallowest cross-section in the Bosporus, located in front of Dolmabahçe Palace ) and has a wet section of around 38,000 m (410,000 sq ft). Inflow and outflow current speeds are averaged around 0.3 to 0.4 m/s (1.0 to 1.3 ft/s), but much higher speeds are found locally, inducing significant turbulence and vertical shear. This allows for turbulent mixing of

4324-586: The East Indies oil-supply (especially via submarine campaigns ) considerably weakened Japan in the latter part of the war. After World War II ended in 1945, the countries of the Middle East took the lead in oil production from the United States. Important developments since World War II include deep-water drilling, the introduction of the drillship , and the growth of a global shipping network for petroleum – relying upon oil tankers and pipelines. In 1949

4416-674: The Mid-Black Sea High, which includes the Andrusov Ridge, Tetyaev High, and Archangelsky High, extending south from the Crimean Peninsula . The basin includes two distinct relict back-arc basins which were initiated by the splitting of an Albian volcanic arc and the subduction of both the Paleo - and Neo- Tethys oceans, but the timings of these events remain uncertain. Arc volcanism and extension occurred as

4508-671: The Middle East. The expansion of Imperial Japan to the south aimed largely at accessing the oil-fields of the Dutch East Indies. Germany, cut off from sea-borne oil supplies by Allied blockade , failed in Operation Edelweiss to secure the Caucasus oil-fields for the Axis military in 1942, while Romania deprived the Wehrmacht of access to Ploesti oilfields – the largest in Europe – from August 1944. Cutting off

4600-576: The N:P:Si ratio in the basin. Coastal areas, accordingly, have seen an increase in the frequency of monospecific phytoplankton blooms, with diatom-bloom frequency increasing by a factor of 2.5 and non-diatom bloom frequency increasing by a factor of 6. The non-diatoms, such as the prymnesiophytes Emiliania huxleyi (coccolithophore), Chromulina sp., and the Euglenophyte Eutreptia lanowii , can out-compete diatom species because of

4692-813: The Neo-Tethys Ocean subducted under the southern margin of Laurasia during the Mesozoic . Uplift and compressional deformation took place as the Neotethys continued to close. Seismic surveys indicate that rifting began in the Western Black Sea in the Barremian and Aptian followed by the formation of oceanic crust 20 million years later in the Santonian . Since its initiation, compressional tectonic environments led to subsidence in

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4784-464: The Rim Current. The Rim Current has a maximum velocity of about 50–100 cm/s (20–39 in/s). Within this feature, two smaller cyclonic gyres operate, occupying the eastern and western sectors of the basin. The Eastern and Western Gyres are well-organized systems in the winter but dissipate into a series of interconnected eddies in the summer and autumn. Mesoscale activity in the peripheral flow becomes more pronounced during these warmer seasons and

4876-524: The Turkish Straits, that the Black Sea joins the World Ocean . During geological periods when this hydrological link was not present, the Black Sea was an endorheic basin , operating independently of the global ocean system (similar to the Caspian Sea today). Currently, the Black Sea water level is relatively high; thus, water is being exchanged with the Mediterranean. The Black Sea undersea river

4968-762: The advent of hydraulic fracturing and other horizontal drilling techniques, shale play has seen an enormous uptick in production. Areas of shale such as the Permian Basin and Eagle-Ford have become huge hotbeds of production for the largest oil corporations in the United States. The American Petroleum Institute divides the petroleum industry into five sectors: Oil companies used to be classified by sales as " supermajors " ( BP , Chevron , ExxonMobil , ConocoPhillips , Shell , Eni and TotalEnergies ), "majors", and "independents" or "jobbers". In recent years however, National Oil Companies (NOC, as opposed to IOC, International Oil Companies) have come to control

5060-526: The area. Canada's first gusher (flowing well) erupted on January 16, 1862, when local oil-man John Shaw struck oil at 158 feet (48 m). For a week the oil gushed unchecked at levels reported as high as 3,000 barrels per day. The first modern oil-drilling in the United States began in West Virginia and Pennsylvania in the 1850s. Edwin Drake 's 1859 well near Titusville, Pennsylvania , typically considered

5152-627: The atmosphere causes a greenhouse effect " and that burning more fossil fuels could "melt the icecaps and submerge New York". The Intergovernmental Panel on Climate Change , founded by the United Nations in 1988, concludes that human-sourced greenhouse gases are responsible for most of the observed temperature increase since the middle of the twentieth century. As a result of climate change concerns, many people have begun using other methods of energy such as solar and wind. This recent shift has some petroleum enthusiasts skeptical about

5244-602: The basin, interspersed with extensional phases resulting in large-scale volcanism and numerous orogenies , causing the uplift of the Greater Caucasus , Pontides , southern Crimean Peninsula and Balkanides mountain ranges. During the Messinian salinity crisis in the neighboring Mediterranean Sea , water levels fell but without drying up the sea. The collision between the Eurasian and African plates and

5336-532: The centre of the Black Sea reaches a maximum depth of 2,212 metres (7,257.22 feet) just south of Yalta on the Crimean Peninsula . The Paleo- Euxinian is described by the accumulation of eolian silt deposits (related to the Riss glaciation ) and the lowering of sea levels ( MIS 6, 8 and 10). The Karangat marine transgression occurred during the Eemian Interglacial (MIS 5e). This may have been

5428-420: The companies in the partnership is designated the operator who actually supervises the work. Resources are hydrocarbons which may or may not be produced in the future. A resource number may be assigned to an undrilled prospect or an unappraised discovery. Appraisal by drilling additional delineation wells or acquiring extra seismic data will confirm the size of the field and lead to project sanction. At this point

5520-401: The dark color of the water or climatic conditions. Some scholars understand the name to be derived from a system of colour symbolism representing the cardinal directions , with black or dark for north, red for south, white for west, and green or light blue for east. Hence, "Black Sea" meant "Northern Sea". According to this scheme, the name could only have originated with a people living between

5612-480: The estuary of the Marrassantiya River, the modern Kızıl Irmak , on the Black Sea coast." The principal Greek name Póntos Áxeinos is generally accepted to be a rendering of the Iranian word * axšaina- ("dark colored"). Ancient Greek voyagers adopted the name as Á-xe(i)nos , identified with the Greek word áxeinos (inhospitable). The name Πόντος Ἄξεινος Póntos Áxeinos (Inhospitable Sea), first attested in Pindar ( c.  475 BC ),

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5704-404: The first ever well drilled with percussion tools to a depth of 21 meters for oil exploration. In 1878 Ludvig Nobel and his Branobel company "revolutionized oil transport" by commissioning the first oil tanker and launching it on the Caspian Sea . Samuel Kier established America's first oil refinery in Pittsburgh on Seventh avenue near Grant Street in 1853. Ignacy Łukasiewicz built one of

5796-422: The first modern oil-refineries near Jasło (then in the Austrian dependent Kingdom of Galicia and Lodomeria in Central European Galicia ), present-day Poland, in 1854–56. Galician refineries were initially small, as demand for refined fuel was limited. The refined products were used in artificial asphalt, machine oil and lubricants, in addition to Łukasiewicz's kerosene lamp . As kerosene lamps gained popularity,

5888-556: The first offshore oil-drilling at Oil Rocks (Neft Dashlari) in the Caspian Sea off Azerbaijan eventually resulted in a city built on pylons. In the 1960s and 1970s, multi-governmental organizations of oil–producing nations – OPEC and OAPEC – played a major role in setting petroleum prices and policy. Oil spills and their cleanup have become an issue of increasing political, environmental, and economic importance. New fields of hydrocarbon production developed in places such as Siberia, Sakhalin , Venezuela and North and West Africa. With

5980-455: The first oil discovery drilled out of sight of land. Forty-four Gulf of Mexico exploratory wells discovered 11 oil and natural gas fields by the end of 1949. During World War II (1939–1945) control of oil supply from Romania, Baku, the Middle East and the Dutch East Indies played a huge role in the events of the war and the ultimate victory of the Allies . The Anglo-Soviet invasion of Iran (1941) secured Allied control of oil-production in

6072-514: The first true modern oil well , touched off a major boom. In the first quarter of the 20th century, the United States overtook Russia as the world's largest oil producer. By the 1920s, oil fields had been established in many countries including Canada, Poland, Sweden, Ukraine, the United States, Peru and Venezuela. The first successful oil tanker , the Zoroaster , was built in 1878 in Sweden, designed by Ludvig Nobel . It operated from Baku to Astrakhan . A number of new tanker designs developed in

6164-809: The forefront of the industry as this new technology plays a crucial and controversial role in new methods of oil extraction. Some petroleum industry operations have been responsible for water pollution through by-products of refining and oil spills . Though hydraulic fracturing has significantly increased natural gas extraction, there is some belief and evidence to support that consumable water has seen increased in methane contamination due to this gas extraction. Leaks from underground tanks and abandoned refineries may also contaminate groundwater in surrounding areas. Hydrocarbons that comprise refined petroleum are resistant to biodegradation and have been found to remain present in contaminated soils for years. To hasten this process, bioremediation of petroleum hydrocarbon pollutants

6256-492: The future of the industry. Hydrocarbon exploration Visible surface features such as oil seeps , natural gas seeps , pockmarks (underwater craters caused by escaping gas) provide basic evidence of hydrocarbon generation (be it shallow or deep in the Earth). However, most exploration depends on highly sophisticated technology to detect and determine the extent of these deposits using exploration geophysics . Areas thought to contain hydrocarbons are initially subjected to

6348-441: The highest sea levels reached in the late Pleistocene . Based on this some scholars have suggested that the Crimean Peninsula was isolated from the mainland by a shallow strait during the Eemian Interglacial. The Neoeuxinian transgression began with an inflow of waters from the Caspian Sea . Neoeuxinian deposits are found in the Black Sea below −20 m (−66 ft) water depth in three layers. The upper layers correspond with

6440-416: The largest consumers. The United States consumed 18% of the oil produced in 2015. The production, distribution, refining, and retailing of petroleum taken as a whole represents the world's largest industry in terms of dollar value. Petroleum is a naturally occurring liquid found in rock formations. It consists of a complex mixture of hydrocarbons of various molecular weights, plus other organic compounds. It

6532-518: The late 1980s. Additionally, an alien species—the warty comb jelly ( Mnemiopsis leidyi )—established itself in the basin, exploding from a few individuals to an estimated biomass of one billion metric tons. The change in species composition in Black Sea waters also has consequences for hydrochemistry, as calcium-producing coccolithophores influence salinity and pH, although these ramifications have yet to be fully quantified. In central Black Sea waters, silicon levels also reduced significantly, due to

6624-407: The limited availability of silicon, a necessary constituent of diatom frustules. As a consequence of these blooms, benthic macrophyte populations were deprived of light, while anoxia caused mass mortality in marine animals. Overfishing during the 1970s further compounded the decline in macrophytes, while the invasive ctenophore Mnemiopsis reduced the biomass of copepods and other zooplankton in

6716-562: The main asset of an oil company. Booking is the process by which they are added to the balance sheet. In the United States, booking is done according to a set of rules developed by the Society of Petroleum Engineers (SPE). The reserves of any company listed on the New York Stock Exchange have to be stated to the U.S. Securities and Exchange Commission . Reported reserves may be audited by outside geologists, although this

6808-431: The north of the basin is up to 190 km (120 mi) wide and features a shallow apron with gradients between 1:40 and 1:1000. The southern edge around Turkey and the eastern edge around Georgia , however, are typified by a narrow shelf that rarely exceeds 20 km (12 mi) in width and a steep apron that is typically 1:40 gradient with numerous submarine canyons and channel extensions. The Euxine abyssal plain in

6900-561: The northern (black) and southern (red) seas : this points to the Achaemenids (550–330 BC). In the Greater Bundahishn , a Middle Persian Zoroastrian scripture, the Black Sea is called Siyābun . In the tenth-century Persian geography book Hudud al-'Alam , the Black Sea is called Georgian Sea ( daryā-yi Gurz ). The Georgian Chronicles use the name zğua sperisa ზღუა სპერისა (Sea of Speri) after

6992-531: The operator must be reasonably certain that it will commence the project within a reasonable time. The term 1P is frequently used to denote proved reserves; 2P is the sum of proved and probable reserves; and 3P the sum of proved, probable, and possible reserves. The best estimate of recovery from committed projects is generally considered to be the 2P sum of proved and probable reserves. Note that these volumes only refer to currently justified projects or those projects already in development. Oil and gas reserves are

7084-454: The outflow of fresher Black Sea surface-water into the Sea of Marmara occurs near the surface. According to Gregg (2002), the outflow is 16,000 cubic metres per second (570,000 cubic feet per second) or around 500 cubic kilometres per year (120 cubic miles per year), and the inflow is 11,000 m /s (390,000 cu ft/s) or around 350 km /a (84 cu mi/a). The following water budget can be estimated: The southern sill of

7176-507: The peak of the Khvalinian transgression, on the shelf shallow-water sands and coquina mixed with silty sands and brackish-water fauna, and inside the Black Sea Depression hydrotroilite silts. The middle layers on the shelf are sands with brackish-water mollusc shells. Of continental origin, the lower level on the shelf is mostly alluvial sands with pebbles, mixed with less common lacustrine silts and freshwater mollusc shells . Inside

7268-488: The photic zone, enhancing productivity. In total, the Black Sea's biodiversity contains around one-third of the Mediterranean's and is experiencing natural and artificial invasions or "Mediterranizations". The main phytoplankton groups present in the Black Sea are dinoflagellates , diatoms , coccolithophores and cyanobacteria . Generally, the annual cycle of phytoplankton development comprises significant diatom and dinoflagellate-dominated spring production, followed by

7360-418: The potential hydrocarbon drill location from a lead to a prospect. Four geological factors have to be present for a prospect to work and if any of them fail neither oil nor gas will be present. Hydrocarbon exploration is a high risk investment and risk assessment is paramount for successful project portfolio management . Exploration risk is a difficult concept and is usually defined by assigning confidence to

7452-468: The presence of the imperative geological factors, as discussed above. This confidence is based on data and/or models and is usually mapped on Common Risk Segment Maps (CRS Maps). High confidence in the presence of imperative geological factors is usually coloured green and low confidence coloured red. Therefore, these maps are also called Traffic Light Maps, while the full procedure is often referred to as Play Fairway Analysis (PFA). The aim of such procedures

7544-586: The refining industry grew in the area. The first commercial oil-well in Canada became operational in 1858 at Oil Springs, Ontario (then Canada West ). Businessman James Miller Williams dug several wells between 1855 and 1858 before discovering a rich reserve of oil four metres below ground. Williams extracted 1.5 million litres of crude oil by 1860, refining much of it into kerosene-lamp oil. Some historians challenge Canada's claim to North America's first oil field , arguing that Pennsylvania 's famous Drake Well

7636-493: The region. As a result of these characteristics the Black Sea has gained interest from the field of marine archaeology , as ancient shipwrecks in excellent states of preservation have been discovered, such as the Byzantine wreck Sinop D , located in the anoxic layer off the coast of Sinop, Turkey . Modelling shows that, in the event of an asteroid impact on the Black Sea, the release of hydrogen sulfide clouds would pose

7728-464: The regional topography , as depressions and storm systems arriving from the Mediterranean are funneled through the low land around the Bosporus, with the Pontic and Caucasus mountain ranges acting as waveguides, limiting the speed and paths of cyclones passing through the region. The Black Sea is divided into two depositional basins—the Western Black Sea and Eastern Black Sea—separated by

7820-825: The relevant government body gives the oil company a production licence which enables the field to be developed. This is also the point at which oil reserves and gas reserves can be formally booked. Oil and gas reserves are defined as volumes that will be commercially recovered in the future. Reserves are separated into three categories: proved, probable, and possible. To be included in any reserves category, all commercial aspects must have been addressed, which includes government consent. Technical issues alone separate proved from unproved categories. All reserve estimates involve some degree of uncertainty. Proved oil and gas reserves are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible—from

7912-554: The rights over the largest oil reserves; by this measure the top ten companies all are NOC. The following table shows the ten largest national oil companies ranked by reserves and by production in 2012. Most upstream work in the oil field or on an oil well is contracted out to drilling contractors and oil field service companies. Aside from the NOCs which dominate the Upstream sector, there are many international companies that have

8004-579: The sea was called the "Inhospitable Sea Πόντος Ἄξεινος Póntos Áxeinos by the inhabitants of the Pontus region of the southern shoreline before Greek colonisation due to its difficult navigation and hostile barbarian natives (7.3.6), and that the name was changed to "hospitable" after the Milesians colonised the region, bringing it into the Greek world. Popular supposition derives "Black Sea" from

8096-599: The turn of the 20th century, Imperial Russia's output of oil, almost entirely from the Apsheron Peninsula , accounted for half of the world's production and dominated international markets. Nearly 200 small refineries operated in the suburbs of Baku by 1884. As a side effect of these early developments, the Apsheron Peninsula emerged as the world's "oldest legacy of oil pollution and environmental negligence". In 1846 Baku (Bibi-Heybat settlement) featured

8188-408: The two layers. Surface water leaves the Black Sea with a salinity of 17 practical salinity units (PSU) and reaches the Mediterranean with a salinity of 34 PSU. Likewise, an inflow of the Mediterranean with salinity 38.5 PSU experiences a decrease to about 34 PSU. Mean surface circulation is cyclonic ; waters around the perimeter of the Black Sea circulate in a basin-wide shelfbreak gyre known as

8280-599: The westward escape of the Anatolian block along the North Anatolian and East Anatolian faults dictates the current tectonic regime, which features enhanced subsidence in the Black Sea basin and significant volcanic activity in the Anatolian region. These geological mechanisms, in the long term, have caused the periodic isolations of the Black Sea from the rest of the global ocean system. The large shelf to

8372-510: Was considered an ill omen and was euphemized to its opposite, Εὔξεινος Πόντος Eúxeinos Póntos (Hospitable Sea), also first attested in Pindar. This became the commonly used designation in Greek, although in mythological contexts the "true" name Póntos Áxeinos remained favoured. Strabo 's Geographica (1.2.10) reports that in antiquity, the Black Sea was often simply called "the Sea" ( ὁ πόντος ho Pontos ). He thought that

8464-411: Was the continent's first. But there is evidence to support Williams, not least of which is that the Drake well did not come into production until August 28, 1859. The controversial point might be that Williams found oil above bedrock while Edwin Drake 's well located oil within a bedrock reservoir . The discovery at Oil Springs touched off an oil boom which brought hundreds of speculators and workers to

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