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The First Oil Well in the World – Bibi Heybat

Aresco

The well was drilled under the guidance of engineer Vasily Semyonov, who worked for the Russian Imperial administration. The success of the Bibi Heybat well attracted attention from entrepreneurs, engineers, and governments, and it sparked what could be considered the first true oil rush in world history.

Oil 111
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How has the U.S. energy use changed since 1776?

Oil & Gas 360º

Early uses of coal included many purposes that are no longer common, such as in stoves for home heating and in engines for trains and ships. In 2022, U.S. Coal was the largest source of U.S. energy for about 65 years, from 1885 until 1950. Petroleum has been the most-consumed source of energy in the United States since 1950.

Energy 130
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US Oil Rig Count Hits 3-Year Low – Baker Hughes

Oil Gas Leads

The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience. Producers may be pivoting to gas due to: Stronger gas prices.

Oil 52
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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

In 2022, the three main HtA industries—cement, steel, and chemicals—contributed over 8 percent of the industrial sector’s total direct gross value added (GVA) for Iberia and provided 300,000 direct jobs. Mtpa, COD 2022). 3 McKinsey Direct Air Capture and Storage (DACCS) Cost Model 2022.

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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries.

Energy 130
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Oil Rigs Down, Gas Rigs Up – Weekly Drilling Snapshot – Baker Hughes

Oil Gas Leads

Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2 Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2

Gas 52
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ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

Despite a dry well in a previous attempt to delineate the discovery in 2022, the latest appraisal has provided encouraging results. A successful formation test was completed, achieving a maximum production rate of 650 standard m 3 of oil per flow day through a 36/64 in. nozzle opening.