Oil & Gas Basics Archives - Page 2 of 4

Benefits of Transporting Crude Oil Through Pipelines

Transporting crude oil through pipelines is the second main channels of transporting petroleum from production points to refineries. Although a bit expensive, it is useful in transporting petroleum through shallow waters and creeks that are not accessible to vessels. What are the benefits of transporting crude oil through pipelines? Alternatively, what are the limitations of transporting crude oil …

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Understanding Oil Cargo Discharge Safety. economic effects of oil spill

Oil Spills: Top Ten Causes, Effects, and Prevention

By TankfarmNigeria / crude oil, Environmental Pollution, Oil spill

What are the environmental and economic effects of oil spill? In this article, I aim to identify the primary factors behind oil spills, ranging from human errors and equipment failures to natural disasters and intentional acts. Also, it will examine the far-reaching effects of these spills, such as damage to marine life, coastal ecosystems, and …

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Economic Importance of Liquefied Natural Gas

By TankfarmNigeria

The quest for cleaner energy has given rise to the global demand for LNG in recent years. Although there are limitations in domestic supply as well as pipeline imports of liquefied natural gas, many growing Asian economies keep demanding more of it. What is Liquefied natural gas, and what is its economic importance? What is …

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Automotive and Industrial Gas Oil,. Petroleum products

Industrial Gas Oil Vs Automotive Gas Oil Explained

By TankfarmNigeria

With the many similarities between Automotive and Industrial Gas Oil, one cannot but wonder if there is any difference between them. If you are not familiar with the two blends of gas oil, you may apply the wrong specification and damage your machinery or vehicles. In this article, our focus will be on the similarities …

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Oil Transportation by sea Crude Oil Washing

Benefits of Oil Transportation by Sea

By TankfarmNigeria

The advent of petroleum births a new era in global development and one of the main areas of growth is transportation. Petroleum exploration has brought about a total change in the scopes of transport in all spheres of humanity. Also, the economic importance of oil transportation by sea to global maritime trade cannot be over-emphasized. Why Oil …

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Understanding FPSO Production Platform

By TankfarmNigeria

There are different types of an oil platform, but Floating, Production, Storage and Offloading FPSO stand out. FPSO is an oil production platform that floats on water and can produce, refine, store and subsequently offload petroleum products to other vessels. It’s a floating vessel connected to a sub-sea production, injection export system via a series of risers. …

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Bill of Lading : Importance & Types, FPSO Platforms or Crude Oil Terminals in Brazil

What is Bill of Lading? Check Out Its Benefits

By TankfarmNigeria

Every international transaction that involves physical goods requires accurate documentation to ensure hitch-free dealings. Also, an exporter can only prove to a buyer that he has sent purchased goods as agreed by providing important document such as Bill of Lading. Furthermore, if someone is trying to sell merchandise that is still on transit, a bill …

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Importance and Benefits of Commercial Invoice

By TankfarmNigeria

No merchant or exporter can operate without proper documentation of goods, hence the need for commercial invoice. A commercial invoice is needful for transaction clarification and payment. It’s a document that gives details of items or services for which a seller is demanding payment. What is a Commercial Invoice? A Commercial invoice is a legal document …

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Understanding Soft Corporate Offer SCO

By TankfarmNigeria

A buyer is not only interested in product specifications but also, terms of trade to avoid running into hitches in the course of a business transaction. That is why soft/full corporate offer comes in. It helps in clarifying the terms and conditions a seller is willing to transact business from the outset. Also, a soft …

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Understanding Oil Cargo Discharge Safety

By TankfarmNigeria

Neither the downstream nor the upstream sector of the industry is free from hazards because incidents do happen either as a result of negligence or equipment failure. In this article, our focus would be on oil cargo discharge safety and hazard prevention. What is Oil Cargo Discharge? An oil cargo discharge is the offloading of oil from …

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