How Abandoned Oil Wells Can Be Used For Geothermal Energy
Geothermal energy is one of the hottest (no pun intended) prospects within the world of energy. At its heart, the Earth is one big hot rock and globally we’re beginning to realise just how much we can tap into that heat as a source of energy production. But how is this linked to the oil […]
The Increasing Usage Of LiDAR Within The Oil And Gas Industry
LiDAR stands for Light Detection and Ranging. It’s one of the most impressive modern-day mapping technologies and is seeing increasing usage within the oil and gas industry. It’s primarily been used to map slope and vegetation height maps, as well as elevation plans, flow accumulation models and derived slope angles. The team here at TriStone […]
The Benefits (And The Misconceptions) Surrounding Home Heating Oil As A Domestic Fuel
We’ve established in some of our previous blog posts just how widespread the usage of crude oil’s derivatives. Whether it be in the production of plastics, jet fuel or make-up, if you’ve bought it, the chances are it’ll have had some input from a petroleum product along the way. Oil is something that many of […]
Into Investment: What’s The Difference Between A Bull And Bear Market?
When working in both the oil and the investment industries, you’re met with something of a ‘perfect storm’ in terms of the sheer quantity of jargon you encounter. The terms ‘bullish’ and ‘bearish’ are investment terms that represent certain trader mind-sets. These are terms used universally within investment, and not just within the oil and […]
TriStone Talks: A Comparison Between Crude Oil And Natural Gas
Two of the most common energy commodities, globally, are crude oil and natural gas. In fact, according to the International Energy Agency’s (IEA) 2020 report, in 2018, oil accounted for 31.5% of global primary energy supply, with natural gas making up 22.8%. This means that, respectively, oil and natural gas make up the largest and […]
What Is The Difference Between Conventional And Unconventional Oil?
As we’ve seen in our previous blogs, the oil industry has its fair share of rhetoric and jargon. ‘Upstream’, ‘BOEPD’ and ‘Christmas Tree’ are all terms which wouldn’t necessarily have your mind instantly jumping to ‘oil’, and yet there we are! One of the other word pairings most commonly used throughout the O&G sector is […]
TriStone Holdings Talks – How Does The Refining Process Work?
Crude oil makes the world revolve, so the major O&G giants would have you believe. Whilst this may be something of a hyperbole, there’s no denying that it’s still the major driver of global energy, and equally, geopolitics. But the viscous black substance extracted from beneath the Earth’s surface is by no means the finished […]
What Are The Differences Between WTI Crude And Brent Crude Oil?
In the world of crude oil, there are two globally accepted main players. WTI (West Texas Intermediate) Crude and Brent Crude oil. Over the years, these two oil types have influenced the world in more ways than we could even begin to list. In fact, crude oil is the world’s most traded commodity, with around […]
What Are The Key Differences And Similarities Between Onshore And Offshore Drilling?
Before any of you go and state the obvious, yes we’re aware the main difference is that one is on land and one is out on the waters. Beyond that, however, there are many differences between onshore and offshore drilling. From the kinds of equipment used to the main resources welled, they share as many […]
What Are The Differences Between Upstream, Midstream And Downstream Oil Activities?
The O&G (oil and gas) sector is one full of complexities and technical jargon. It’s a world in which many people know a little, whilst relatively few comprehend it with any kind of real depth. Amongst the terms most commonly misunderstood by the layperson, whilst having a cursory Wikipedia browse, are upstream, midstream and downstream […]