The oil and gas industry has been going through a difficult time in the past couple of years. In the midst of the global pandemic caused by COVID-19, the price of oil crashed. This was followed by a spike this year due to Russia’s invasion of Ukraine. The sector...
As the oil and gas industry continues to become more sustainable, more companies are starting to explore and implement new technologies that can help them cut down on their carbon footprint and improve their operational efficiency. This is happening as the Middle...
Statistics from relevant authorities show that millions of Texas homes and businesses have been living without power for about a week. Winter storms and low temperatures have disrupted the local power system and refineries. The problem is also affecting other areas....
The 2020 pandemic had a damaging effect on many businesses. The oil and gas industry was particularly negatively impacted. Energy consumption dramatically decreased, prices dropped, and producers were left with product oversupply. As the world moves past the pandemic,...
The global dependence on oil as a vital energy resource for various functions that support human life is on a significant rise. The US alone consumes about 22% of the total global petroleum product consumption. A host of other countries, including China, have an...
