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Questions and Answers
What are the major technological advances in oil and gas in the last thirty years?
What are the major technological advances in oil and gas in the last thirty years?
- Advancements in horizontal drilling and hydraulic fracturing (correct)
- Enhanced methods for offshore oil exploration
- Development of more efficient oil transportation methods
- Improved refining techniques for crude oil
Why do mining companies diversify their portfolio and exploit different minerals?
Why do mining companies diversify their portfolio and exploit different minerals?
- To gain political influence in different regions
- To mitigate the risks associated with fluctuations in commodity prices (correct)
- To monopolize the market for specific minerals
- To reduce environmental impact by spreading extraction activities
How does a company decide to invest in a mining project?
How does a company decide to invest in a mining project?
- By considering the potential impact on local communities
- Based solely on the availability of government subsidies
- By relying on historical data of mineral prices
- After evaluating the geological potential and economic feasibility (correct)
What are the key differences between hydrocarbon exploitation and mining?
What are the key differences between hydrocarbon exploitation and mining?
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