Remove Completion Remove Mechanic Remove Refinery
article thumbnail

The First Oil Well in the World – Bibi Heybat

Aresco

This ancient oil field is widely regarded as the location of the first mechanically drilled oil well in the world, predating Drake’s well by several years. The 1846 Breakthrough: Bibi Heybat Well In 1846, long before the American oil boom, the world’s first mechanically drilled oil well was completed at Bibi Heybat, just south of Baku.

Oil 111
article thumbnail

The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

The EU Emissions Trading System regulatory framework The EU Emissions Trading System (EU ETS) regulatory framework initiated its trial phase in 2005, initially focusing on the power and heat, refinery, cement, iron, steel, glass, and pulp and paper industries. 1 “EU Emissions Trading System: Scope of the EU ETS,” European Commission.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Enhance predictive maintenance with generative AI agents on AWS

AWS: Energy (Oil & Gas)

McKinsey estimates mid-size refineries lose $20–50 million annually due to reliability issues. These instructions define the list of tasks our agent must complete: You are an electric motor maintenance support agent. Let’s start by getting the motor spec data The agent needs to complete step 1 (Extract).

article thumbnail

Chevron, European firms lobby to keep stakes in Venezuela oil joint ventures

Oil & Gas 360º

Lawyers and experts have said more clarity is needed to complete the closure of those activities. PDVSA briefly suspended production in April at a joint oil upgrader, Petropiar, to reorganize operations aimed at supplying more feedstock to domestic refineries. company was blocked from having access to proceeds in Venezuela.

Oil 130