Petroleum Processing and Research

Offshore Technologies and Pipeline-Storage

Pipelines carries flammable or explosive material such as natural gas or oil. Usually oil pipelines are buried and its made from carbon steel or plastic tubes. The oil is moved through the pipelines by pump station. Natural gas is lightly pressurised into liquids known as Natural Gas Liquids (NGLs). Natural gas pipelines are made up of carbon steel.

Today Companies use oil storage as a strategic tool to increase profits in the global market. Companies can purchase oil to low price and wait until prices rise before selling. A 'contango' is a condition in the oil market where it is expected that people will be willing to pay more in the future than at the current price.