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...
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...
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...
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 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...
