Oil Surplus Glut Shows Signs The Market Is Starting To Shift | World Business Watch | WION

Oil and gas extraction begins with exploration techniques like seismic surveys and drilling test wells to locate potential deposits. Drilling rigs, whether onshore or offshore, penetrate deep into the earth's crust to reach reservoirs thousands of feet below. Specialized equipment extracts the resources, utilizing pumps or natural pressure. Extracted crude oil and natural gas undergo processing to remove impurities and separate water or gas before transportation to refineries. Transportation met

Gas Blowouts in Offshore Drilling – A Deadly Threat to the Oil and Gas Industry In the high-risk world of offshore oil and gas exploration, few incidents are as feared or as destructive as a gas blowout. This catastrophic event occurs when highly pressurized gas escapes uncontrollably from the wellbore, bypassing all safety systems and barriers. The sudden and forceful release of gas can escalate within moments, leading to massive fires, violent explosions, tragic loss of life, and widespread en