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...
How the Texas Power Crisis Has Affected Oil & Gas

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

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 Latest Trends in the Oil and Gas Industry

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 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...