The oil and gas industry is known for its profitability and has been a significant driver of economic growth and development worldwide. Several key factors contribute to the industry’s profitability and financial success. Global Demand and Limited Supply: Oil...
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...
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,...
For years, the oil and gas sector has been one of the world’s most lucrative industries. Even with the triumphant rise of technology companies such as Apple, Google, and Amazon, 6 of the top 10 largest companies by revenue are in the oil and gas industry....
Interest in energy independence is at an all-time high in the United States, but hydraulic fracturing, known as fracking, is an oil and gas extraction technology with which few people are familiar. Americans are more likely to know about the myths associated with...
