Inside An Oil Refinery: How We Make Oil
We all know that oil is an important resource. We know that there is a lot of controversy regarding where we obtain our oil. But one thing we don’t focus on enough is how the oil is transformed from the way it looks right out of the ground, to the gasoline that we put...
The History of Oil
Oil, also known as petroleum, has been used by mankind for thousands of years. Of course the function and development has progressed over time. The use of coal as a main energy source has slowly been phased out in the 20th century in order to be replaced by petroleum...
From Fossil to Barrel: The Steps of Getting Oil
Read on for a step-by-step educational breakdown of the basic process of getting oil into above-ground wells! Where oil comes from: We get oil from the remains of small animals and plants that had died in the ancient seas between the times estimated from...
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
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,...
Investors watch, wait as Mexico finalizes details of energy reform
This post is originally from Oil & Gas Journal. 08/13/2014 Rachael Seeley, Editor For Mexico, constitutional reform was just the first step in the long process of opening up its energy industry to outside investment. Secondary laws must now be passed, and...
Chariot adds Moroccan acreage, exits Mauritania
This post is originally from Oil & Gas Journal. HOUSTON, June 16 06/16/2016 ByTayvis Dunnahoe OGJ Exploration Editor Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) has awarded Chariot Oil & Gas Investments (Morocco) Ltd., a wholly owned...
Sustained low prices may make producing countries reform, panel says
This post is originally from Oil & Gas Journal. WASHINGTON, DC, June 9 06/09/2016 By Nick Snow OGJ Washington Editor Continuing lower crude oil and natural gas prices could make many Middle Eastern and Central Asian producing countries’ governments...
The Changing Face of Saudi Arabian Oil
Global oil prices have been in crisis for some time now, with oil prices descending to a 13 year low in what has been nearly two years of slump in prices. In 2014, the discussion was if Saudi Arabia had flooded the market on purpose. If they did, was it politically...