All About Oil

All About Oil

      For most of the world, oil is a necessary part of life. The United States imports much of its oil and the majority of it is converted into other products for people to use, such as gas or heating oil. On average, the U.S. consumes about 19.4...
Kenya is Set to Become a Big Producer in Oil

Kenya is Set to Become a Big Producer in Oil

  When we think about the countries that produce oil, Kenya is not typically the country that comes to mind. But after a recent discovery of oil in the Turkana region, Kenya is joining the ranks. Kenya’s government has approved of a plan to extract up to 4,000...
Oversupply of Oil Continues to Hobble Oil Prices

Oversupply of Oil Continues to Hobble Oil Prices

Just this week, oil futures fell again after the United States Energy Information Administrations reported an unexpected build in weekly crude inventory. There was a “surprise” build of 1.671 million barrels, to a total of 521.1 million barrels in a time when...

Riverstone to acquire 50% stake in Utopia pipeline project

This post is originally from Oil & Gas Journal.   HOUSTON, June 28 06/28/2016 ByOGJ editors Riverstone Investment Group LLC will become a 50-50 partner with Kinder Morgan Inc. in the $500-million Utopia pipeline project in Ohio. To acquire its stake,...