Nobody downloaded yet

The History of Oil and Gas in China - Essay Example

Comments (0) Cite this document
The author of this essay "The History of Oil and Gas in China" focuses on the Chinese industry. According to the text, being a civilization-state, China's petroleum industry is convincingly influenced by the increasing population and political system of the country…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
The History of Oil and Gas in China
Read TextPreview

Extract of sample "The History of Oil and Gas in China"

Download file to see previous pages China was the first country to discover the presence of oil accumulations in salt wells. The Chinese identified beforehand the significance and the possible use of oil and gas in boundless applications. Early on in history, about 500 B.C., consistent with some historical accounts about China, the old Chinese express about wells with the depth of 100 feet holding a significant volume of water and natural gas. Also, the Chinese were pioneers in conceptualizing the use of bamboos to serve as pipelines to draw natural gas and oil from wells. These recovered gas and oil were originally used for lighting (Business Reference Services, "History of Oil and Gas Industry"). In addition, the Chinese eventually ventured in searching and excavating wells with depths of over 2000 feet (American Petroleum Institute, "All about Petroleum - As Old as History").While China was the first country to venture in the exploration and excavation of oil and natural gas reserves, it was not the first country to take innovative approaches in developing petroleum products like kerosene, gasoline, etc. It commenced adopting a modernistic method in developing oil and gas products only during the 1950s. Even up to the present, China is comparatively fresher in modern oil and gas discovery and production compared to the US. Initially, China was an oil importer but later managed to become independent; and even became an exporter between 1965 and 1993; however, it went back to being an importer in 1993. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The History of Oil and Gas in China Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
The History of Oil and Gas in China Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from
(The History of Oil and Gas in China Essay Example | Topics and Well Written Essays - 1250 Words)
The History of Oil and Gas in China Essay Example | Topics and Well Written Essays - 1250 Words.
“The History of Oil and Gas in China Essay Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The History of Oil and Gas in China

International Oil & Gas Law

..., and the following are critical issues that it has to put to task to achieve a great deal in striking this massive exploitation of the oil reserves. 2.2.1. Atlantic’s Oil Responsibility with respect to Polenskya’s Reserve Exploitation History has shown us that, oil and gas plays a critical in improving economies in the world and nations.2 On the same note, the oil exploration and drilling has posed major challenges politically, economically and environmentally.3 This venture by Atlantic oils will make sure that any occurrence of conflicts will be averted prior to progress of the project. Most countries mainly depend on...
13 Pages(3250 words)Coursework

Oil & Gas Operations Industry

...performance. PetroChina Company Limited This Chinese oil company is the listed arm of state owned china National Petroleum Corporation (CNPC) with headquarters in Dongcheng District, Beijing. It is the main oil producer in china and has traded in Hong Kong and New York. It announced its plans to issue stock in shanghai in November 2007 and subsequently entered trading in shanghai index. I will mainly invest in this company so I can spread my risk to Asia, and also because it’s a duopoly, which reduces its risk. Bashneft This Russian company, Bashneft (MICEX-RTS: Bane) is one of the largest producer of oil in the country. This company operates 140...
12 Pages(3000 words)Research Paper

Oil and Gas Paper

... “shaking” do they create?’ (Utah Geological Survey July 2004) accessed on 5 May 2012. Oda, Hiroshi, Russian Commercial Law, (Martinus Nijhoff Publishers, 2007). Overview of the oil and gas exploration and production process’ (Etech International) accesse d on 5 May 2012. Pearson, Margaret M. Joint Ventures in the People's Republic of China: The Control of Foreign Direct Investment Under Socialism, (Princeton University Press, 1992). Sornarajah, M, The International Law on Foreign Investment, (Cambridge University Press, 2010). Wood, Philip R. Project Finance, Securitisations, Subordinated Debt, (Sweet & Maxwell, 2007).... ?Oil and Gas When there are optimal opportunities in the foreign markets,...
8 Pages(2000 words)Essay

History of oil and gas in China

...24 November The History of Oil and Gas in China Introduction Being a civilization state, China's petroleum industry is convincingly influenced by the increasing population and political system of the country. Likewise, its dearth of natural gas and oil reserves affected so much need to import petroleum products from other countries. It underscores the existing governmental system, its diplomatic association with neighboring nations, and the actions they are taking to inspire positive image in the international community. With a mounting population of more than 1.3 billion people, China depends greatly on...
5 Pages(1250 words)Research Paper

The Role of Oil and Gas in Discourses

...?The oil and gas industry Contents The role of government as a stakeholder in strengthening local capabilities for innovation in both the developing and developed economies 3 Diamond Theory 3 Responses of universities to the emerging industrial needs in the development of local capabilities for innovation in the developing and developed economies. 4 Internationalization of Universities in Russia and China- 5 Management of their global competition by the ‘oil capitals’ 5 Oil Cartels 5 OLI Model 6 Responses for stakeholders and universities strengthening local capabilities for innovation in both the developing and developed economies 6 References 8 The role...
7 Pages(1750 words)Term Paper

Oil and Gas Management

...Oil and Gas Management The environment is conceived to be the natural habitat for organisms and wildlife in general. Therefore, the human population should actively ensure that there is minimum pollution possible to the environment. In relation to the protection of the environment, many countries still have a vital role to play in ensuring that pollutants are kept at bay and that the necessary control measures to pollution are installed. Oil drilling is an essential element in many oil producing countries but is turning out to be a serious concern for most environmentalists. Based on a case study in Brazil, the Pantanal case is identified as a key point as to why the...
6 Pages(1500 words)Essay

The oil and gas industry in China

...Case Study China’s discovery and exploitation of oil and gas was a significant boost to the economy. The oil and gasindustry was regarded as the main driver of economic development in the country. Back in the 1950s, China’s mining companies had made several major discoveries of crude oil and gas in northern China. Since the restructuring of the oil and gas industry, China was a leading oil and gas exporter (Wei 4). However, in the early 1990s, China turned from a net exporter of oil and...
2 Pages(500 words)Case Study

Oil and gas correlation

... Oil and Gas correlation Oil and gas are substitute sources of energy are therefore plays a significant role in the globaleconomic development. It would therefore be very important to explain the existing relationship between their prices in the global market. The increasing pressure of globalization explains the observed changes in the correlation between these two prime commodities. The world politics and socio-economic changes are important in determining the trend in consumption of the two commodities (Victor 445). This includes the dollar value. It is important to note that in the past, prices of oil and gas has always moved in the same direction but this trend has sometimes indicated a reverse situation. It would therefore... be...
1 Pages(250 words)Research Paper

Oil and gas

...I have an oilfield experience because in my have studied some units that deal with Oil and Gas Management. This unit has enabled me gain a range of commercial, non-technical and technical knowhow especially in oil production as well as consumption. Because of having studied Oil and Gas Management, this has enabled me comprehend numerous opportunities, threats, processes and drivers that relate to the management of oilfields, their settings besides energy and hydrocarbon industries. From my study, I have gained adequate information in various specialists’ areas, which embrace: Risk management Petroleum economics and contracts Environmental...
2 Pages(500 words)Essay

Oil and gas industry

...organisms. To that effect, the paper will discuss the impact of the oil and gas industry on the environment. First, the operations in the oil and gas sector lead to water pollution by means of oil spills and by products. Spills can occur both on land and sea. As noted by Taylor (295), there has been evidence of oil spills on the American coastline and adjacent countries. Oil spills in the marine environment kills the aquatic ecosystem. Scholastic and Crane (6) claim that the Deepwater Horizon Spill at the Gulf of Mexico was the worst in U.S History where more than 250,000 barrels of oil...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The History of Oil and Gas in China for FREE!

Contact Us