Review of the global oil and gas industry: a concise journey from ancient time to modern world

Aminu Hassan

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Abstract

This paper relies on available literature to embark on a historical journey regarding the discovery, development and use of petroleum and other hydrocarbon related energy resources by humankind. The author traces the exploration and usage of oil and gas from the ancient world down to the modern oil and gas industry which began in America and spread to other parts of the world. Based on this concise, and yet detailed, global historical review of the oil and gas industry, the paper concludes that so long as some alternative sources of energy are not discovered in economically large scale, hydrocarbons will continue to have their enormous dominance and influence on the world’s economy, politics and other social activities for many years to come.
Original languageEnglish
Pages (from-to)123-141
Number of pages19
JournalPetroleum Technology Development Journal
Volume3
Issue number2
Publication statusPublished - Jul 2013

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