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#Five Reasons Why Oil Companies Get Away With Overblown Field Esimates We've all seen the big headlines over the few past few years proclaiming various new oil fields. These stories often go on to claim how the Age of Oilquarius is now upon us and we will swim and bath in seas of energy until the sun explodes and the universe ends. We are often showered with numbers and statistics that upon closer inspection don't mean anything useful at all.

With the UK going coal-free for a record-breaking 90 hours over the weekend, energy sources such as solar and onshore wind now play a key role in generating electricity. However, with the urgent need for new energy sources to replace the 60% of the electricity produced worldwide by fossil fuel combustion, it has become necessary to look further afield to alternative energy sources.

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Gasification is a centuries-old thermochemical energy conversion technology that has slowly achieved modernity over the decades. The technology is undergoing its third evolutionary surge. Fuel shortages in WWII spurred widespread adoption for vehicle fuels. The oil crisis 1973 spurred a re-evaluation and renewed development. Rising oil prices, globally increasing fuel demand, and overwhelming scientific evidence of climate change have spurred this last leg to full industrialization.

The Oil and Natural Gas Corporation Ltd. (ONGC) is an integrated energy company engaged in the Exploration and Production (E&P) of crude oil and natural gas, and the refining, transportation and marketing of petroleum products, globally. The company is headquartered in Dehradun, in India, and has overseas operations in Vietnam, Russia, Myanmar, Syria, Qatar, Egypt, Cuba, Brazil, Nigeria, Columbia, Sudan, Iraq, Iran and Libya.

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