The Fascinating History of The First Commercial American Oil Well

The Fascinating History of The First Commercial American Oil Well

The first commercial well drilled specifically to recover petroleum released crude oil on August 27, 1859. This event eventually transformed the future of numerous industries around the world. Three men deserve much of the credit for this accomplishment: George...
The In’s and Out’s of the Oil Industry

The In’s and Out’s of the Oil Industry

When it comes to dollar value, the oil and gas industry is considered the largest sector in the world. In specific regions where major National Oil Companies (NOC) are situated, oil and gas companies often significantly contribute to national Gross Domestic Product...
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...

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,...