Leaders to Follow in the Oil Industry
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 has...
Technologies That Have Made Oil Production Easier
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...
End-of-year Trends in the Oil and Gas Industry
In 2022, the oil and gas (O&G) sector had record earnings, which gave them plenty of cash flow to support their goals in 2023. O&G businesses have also been given a clear directive to ensure supplies while transitioning to cleaner energy in the long term. The...
The Oil Industry’s Outlook in 2023
The oil and gas (O&G) sector made record-breaking profits in 2022, giving them cash flow to implement their goals in 2023. While oil and gas corporations are aware of the year's geopolitical and macroeconomic volatility, they have also been given a clear mandate...
How the Texas Power Crisis Has Affected Oil & Gas
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....
An Expected Change in Oil and Gas in 2021
Even if the demand increases and production stay low, oil and gas companies will need to switch gears to increase future stability. One way these companies can increase market strength is to embrace digital technologies. These technologies will help set emission targets, standardize reporting, and provide accountability tools. Making this change will help organizations become more efficient and less vulnerable to market pressures in the future.
The Latest Trends in the Oil and Gas Industry
The oil and gas industry is constantly undergoing trends due to major advancements in digital and machine technologies. The results are an industry that is safer, more streamlined, and less laborious for their workforce. Most of the latest trends that are occurring in...
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...
How to Get Into the Oil and Gas Business
The oil and gas industry employs millions of workers worldwide, making it a competitive industry to get involved in. As with any industry, there are things to consider: which aspect of the field would you want to get involved in? Do you have the experience necessary...
The Oil Industry and COVID-19: What to Know
About a month ago, the oil and gas industry reached an all-time low. The demand for oil dropped rapidly due to the spread of COVID-19, more commonly known as the coronavirus, right as Russia and Saudi Arabia flooded the market with an excess amount of oil. This left...