Welcome to Drake Quality Goods, your best partner on Fuels Industry
The goal is to take crude oil and transform it into heating homes, fueling vehicles and making petrochemical plastics
The Drake Company
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The Sources
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Oil and natural gas are major industries in the energy market and play an influential role in the global economy as the world's primary fuel sources. How can we help you?
The Oil and Gas Industry
The oil and gas industry will be critical for some key capital-intensive clean energy technologies to reach maturity. The resources and skills of the industry can play a central role in helping to tackle emissions from some of the hardest-to-abate sectors.
Three considerations provide the boundaries for this analysis.
- First: The prospect of rising demand for the services that energy provides due to a growing global population – some of whom remain without access to modern energy – and an expanding global economy.
- Second: The recognition that oil and natural gas play critical roles in today’s energy and economic systems, and that affordable, reliable supplies of liquids and gases (of different types) are necessary parts of a vision of the future.
- Third and last but far from least, the imperative to reduce energy-related emissions in line with international climate targets.
TYPES OF CRUDE OIL
Because such complex mixtures cannot be readily identified by chemical composition, refiners customarily characterize crude oils by the type of hydrocarbon compound that is most prevalent in them: paraffins, naphthenes, and aromatics. Some crude oils, such as those in the original Pennsylvanian oil fields, consist mainly of paraffins. Others, such as the heavy Mexican and Venezuelan crudes, are predominantly naphthenic and are rich in bitumen (a high-boiling semisolid material).
The proportions of products that may be obtained by distillation of five typical crude oils, ranging from heavy Venezuelan Boscan to the light Bass Strait oil produced in Australia. Given the pattern of modern demand (which tends to be highest for transportation fuels such as gasoline), the market price of a crude oil generally rises with increasing yields of light products. It is possible to process heavier crudes more intensely in order to improve their yield of light products, but the capital and operating costs required to support such high conversion processes are much greater than those required to process lighter crudes into the same yield of products.
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Drake Quality Goods
Gran Via Carles lll 84, Barcelona
12/14 Rond Point Des Champs Elysees, Paris +34 652 544 082, +34 673 298 580, +1 312 404 9596 (WhatsApp)
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