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Goldman: The Boom Years of U.S. Oil Output Growth Are Over

OilPrice

crude oil production are behind us, in large part due to the maturing of the biggest growth engine, the Permian, according to Goldman Sachs. The years of very rapid growth in U.S.

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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. Natural gas was once considered a waste byproduct of crude oil production but now has become a common energy source for heating and electricity generation. Energy Use

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Oil Tanker Explodes Off Libyan Coast

OilPrice

An oil tanker has suffered an explosion off Libya’s coast, without causing any injuries or pollution, the vessel operator said on Monday, adding that the cause of the explosion is not clear yet. The tanker had left the Libyan port of Zuetina and was en route to Gibraltar when an explosion occurred in the engine room.

Oil
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Crude Oil Mastery: Find, Make, and Extract It Now

PetroSync

Crude oil stays one of the most fundamental sources in the international strength ecosystem, powering transportation, manufacturing, and financial increase throughout continents. The post Crude Oil Mastery: Find, Make, and Extract It Now appeared first on PetroSync Blog.

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The First Oil Well in the World – Bibi Heybat

Aresco

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. The well was drilled under the guidance of engineer Vasily Semyonov, who worked for the Russian Imperial administration.

Oil
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Corrosion Engineer: Protecting Assets from Corrosion Damage

PetroSync

Everything from the enormous refineries that process crude oil to the vast pipelines that run beneath oceans is built on steel and aluminum. In this high-stakes environment, corrosion engineers are the unsung heroes [.] The post Corrosion Engineer: Protecting Assets from Corrosion Damage appeared first on PetroSync Blog.

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Cenovus floated as potential competing bidder for hostile takeover target MEG Energy

Oil & Gas 360º

It would be an “unworthy end” if MEG were to finish its more than quarter-century run through a “financial-engineering-styled transaction” at a modest premium, said Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management, whose firm owns Cenovus shares. “A and Canadian Natural Resources Ltd.