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...
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...
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...
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...
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,...
