Energy Technology and Modern Urbanization

The age of industrialization came into full force through the modern exploration and use of fossil fuels. As one of its most striking phenomena, the rapid expansion of cities throughout the late 19th and the 20th centuries was a direct outcome of the fossil fuel energy economy as well. (more…)

Oil and Gas Exploration, Production, and Processing

Oil Gas Exploration
Most major oil and gas firms engage in both upstream (i.e., hydrocarbon exploration and production) and downstream (i.e., hydrocarbon refining and marketing) businesses as well as related activities such as chemicals, and their R&D activities serve the needs of these businesses. During the past decade or so, the R&D spending of oil and gas firms has generally declined. According to a DOE survey, R&D spending by major energy producers within the United States declined from $3.05 billion in 1994 to $1.33 billion in 2000. Although not true of all producers internationally, the broad global trend over the past decade or so seems to be along similar lines. (more…)