The Oil Industry’s Outlook in 2023

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...
An Expected Change in Oil and Gas in 2021

An Expected Change in Oil and Gas in 2021

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,...
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 Oil Industry and COVID-19: What to Know

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...
What to Know About the Oil and Gas Industry

What to Know About the Oil and Gas Industry

The oil and gas industry is a multi-trillion dollar industry that’s dominated our world for over a century. From fueling our vehicles and planes to heating our homes, the industry has become the largest source of energy. Frequently it’s a hot topic even in politics,...