44-602: The Meadville Corporation was an oil company based in Haverford, Pennsylvania . It was founded in 1930 in Elizabeth, New Jersey . Fuel was sold at retail gas stations under the brand name "Merit", the logo consisting of a red "M" with the right vertical support cut off. Merit gas stations could be found throughout the Northeastern United States . For many years, Amerada Hess had a large stake in
88-419: A United States company or corporation involved in the energy industry is a stub . You can help Misplaced Pages by expanding it . Oil company 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
132-407: A disk of dust and gas orbiting the newly formed Sun. It formed via accretion, where planetesimals and other smaller rocky bodies collided and stuck, gradually growing into a planet. This process generated an enormous amount of heat, which caused early Earth to melt completely. As planetary accretion slowed, Earth began to cool, forming its first crust, called a primary or primordial crust. This crust
176-548: 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,
220-515: 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:
264-557: 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
308-435: Is 2.835 g/cm , with density increasing with depth from an average of 2.66 g/cm in the uppermost crust to 3.1 g/cm at the base of the crust. In contrast to the continental crust, the oceanic crust is composed predominantly of pillow lava and sheeted dikes with the composition of mid-ocean ridge basalt, with a thin upper layer of sediments and a lower layer of gabbro . Earth formed approximately 4.6 billion years ago from
352-401: Is enriched in incompatible elements compared to the basaltic ocean crust and much enriched compared to the underlying mantle. The most incompatible elements are enriched by a factor of 50 to 100 in the continental crust relative to primitive mantle rock, while oceanic crust is enriched with incompatible elements by a factor of about 10. The estimated average density of the continental crust
396-652: 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
440-521: 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
484-597: 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
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#1732788025442528-638: Is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it 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
572-760: The Canadian Shield , and on other cratonic regions such as those on the Fennoscandian Shield . Some zircon with age as great as 4.3 billion years has been found in the Narryer Gneiss Terrane . Continental crust is a tertiary crust, formed at subduction zones through recycling of subducted secondary (oceanic) crust. The average age of Earth's current continental crust has been estimated to be about 2.0 billion years. Most crustal rocks formed before 2.5 billion years ago are located in cratons . Such an old continental crust and
616-582: 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
660-512: 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
704-590: 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
748-625: 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
792-586: 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
836-779: 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
880-764: 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
924-527: 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
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#1732788025442968-628: 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
1012-499: The company. In 2000, Hess acquired the remainder of the Meadville Corporation and rebranded its 178 Merit gas stations as Hess. Those stations became part of Marathon Petroleum 's Speedway brand due to the latter company's purchase of Hess's retail assets in 2014. 7 years later, Japanese-based Seven & I Holdings purchased Speedway, making those stations a part of the 7-Eleven family. This article about
1056-502: The composition is not uniform, with the upper crust averaging a more felsic composition similar to that of dacite , while the lower crust averages a more mafic composition resembling basalt. The most abundant minerals in Earth 's continental crust are feldspars , which make up about 41% of the crust by weight, followed by quartz at 12%, and pyroxenes at 11%. All the other constituents except water occur only in very small quantities and total less than 1%. Continental crust
1100-543: The crust is about 15 – 20 km (9 – 12 mi). Because both the continental and oceanic crust are less dense than the mantle below, both types of crust "float" on the mantle. The surface of the continental crust is significantly higher than the surface of the oceanic crust, due to the greater buoyancy of the thicker, less dense continental crust (an example of isostasy ). As a result, the continents form high ground surrounded by deep ocean basins. The continental crust has an average composition similar to that of andesite , though
1144-523: 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
1188-555: 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,
1232-617: 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
1276-578: 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
1320-631: 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
1364-812: 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
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1408-418: The future of the industry. Earth%27s crust Earth's crust is its thick outer shell of rock , referring to less than one percent of the planet's radius and volume . It is the top component of the lithosphere , a solidified division of Earth 's layers that includes the crust and the upper part of the mantle . The lithosphere is broken into tectonic plates whose motion allows heat to escape
1452-539: 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 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
1496-500: The interior of Earth into space. The crust lies on top of the mantle, a configuration that is stable because the upper mantle is made of peridotite and is therefore significantly denser than the crust. The boundary between the crust and mantle is conventionally placed at the Mohorovičić discontinuity , a boundary defined by a contrast in seismic velocity. The temperature of the crust increases with depth, reaching values typically in
1540-417: 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
1584-618: The old ocean crust means that the oldest ocean crust on Earth today is only about 200 million years old. In contrast, the bulk of the continental crust is much older. The oldest continental crustal rocks on Earth have ages in the range from about 3.7 to 4.28 billion years and have been found in the Narryer Gneiss Terrane in Western Australia , in the Acasta Gneiss in the Northwest Territories on
1628-502: The range from about 100 °C (212 °F) to 600 °C (1,112 °F) at the boundary with the underlying mantle. The temperature increases by as much as 30 °C (54 °F) for every kilometer locally in the upper part of the crust. Earth's 40-kilometre (25-mile) deep crust—just one percent of Earth’s mass —contains all known life in the Universe . The crust of Earth is of two distinct types: The average thickness of
1672-590: 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
1716-558: 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
1760-602: 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
1804-430: The underlying mantle yields basaltic magmas and new ocean crust forms. This "ridge push" is one of the driving forces of plate tectonics, and it is constantly creating new ocean crust. Consequently, old crust must be destroyed, so opposite a spreading center, there is usually a subduction zone: a trench where an ocean plate is sinking back into the mantle. This constant process of creating a new ocean crust and destroying
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1848-415: The underlying mantle asthenosphere are less dense than elsewhere on Earth and so are not readily destroyed by subduction. Formation of new continental crust is linked to periods of intense orogeny , which coincide with the formation of the supercontinents such as Rodinia , Pangaea and Gondwana . The crust forms in part by aggregation of island arcs including granite and metamorphic fold belts, and it
1892-475: Was likely repeatedly destroyed by large impacts, then reformed from the magma ocean left by the impact. None of Earth's primary crust has survived to today; all was destroyed by erosion , impacts, and plate tectonics over the past several billion years. Since then, Earth has been forming a secondary and tertiary crust, which correspond to oceanic and continental crust, respectively. Secondary crust forms at mid-ocean spreading centers , where partial-melting of
1936-411: 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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